Ecopetrol SA


  • BOGOTA, March 28- Colombia's government-owned oil producer Ecopetrol said on Friday it made the highest offers in a recent auction to explore 11 offshore blocks for crude oil in the Gulf of Mexico, as part of its strategy to boost investment abroad. Their joint offers totaled $73.2 million, of which Ecopetrol's participation is $33.7 million.

  • *BP wins 24 bids for $41.6 million. HOUSTON, March 19- BP Plc rejoined bidders for exploration and production leases in the Gulf of Mexico on Wednesday and won 24 tracts after the U.S. government lifted a 16- month ban barring the company from new federal contracts.

  • BOGOTA, Dec 9- Colombian state-owned oil company Ecopetrol and Canada's Talisman Energy said on Monday they had discovered an estimated 1.3 billion barrels of oil in southeastern Colombia and that about a tenth of it was likely to be recoverable.

  • BOGOTA, Dec 5- Colombia's state oil company Ecopetrol said on Thursday the onshore Cano Sur block it owns, is commercially viable with proven reserves of 22.4 million barrels, an important top-up to supplies that had diminished in recent years.

  • NEW DELHI, Nov 21- Indian Oil Corp became India's first state-refiner to buy Canadian oil, further evidence that trade routes have been redrawn by the U.S. shale oil boom. IOC joined private Indian refiners Reliance Industries and Essar Oil in buying Canadian oil.

  • FACTBOX-Latin American refining projects face delays Sunday, 17 Nov 2013 | 2:13 PM ET

    Latin America is buying more refined products from one of its closest neighbors, the United States, to satisfy increased domestic demand.

  • BOGOTA, Oct 30- Colombia's Ecopetrol posted a net profit of 3.86 trillion pesos in the third quarter of 2013, up 19.6 percent from a year ago mainly due to higher oil production, the state oil company said on Wednesday.

  • RIO DE JANEIRO, Oct 21- Brazil geared up on Monday to sell production rights to its largest-ever oil discovery in a landmark auction that sparked widespread nationalist protests even though most of the world's premier energy companies opted to stay away.

  • Dark side of nat gas boom, according to Chanos Sunday, 13 Oct 2013 | 5:00 PM ET
    Jim Chanos, president and founder of Kynikos Associates.

    The natural gas upswing in the U.S. has been well-documented, but famed short-seller Jim Chanos says he's a "glass half-empty kind of guy" and there's a downside to boom.

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  • Eni to Invest $8 Billion to Boost Libya Production Monday, 17 Dec 2012 | 3:17 AM ET

    Italy's Eni plans to invest $8 billion in Libya over the next 10 years to develop its upstream business as it moves to strengthen its grip as the leading international oil and gas producer in the country.

  • Outwit the S&P in 2013 With 5 Hated Stocks Wednesday, 12 Dec 2012 | 11:51 AM ET
    Johnson & Johnson headquarters in New Brunswick, New Jersey

    Most investors don't realize that some of Wall Street's most-hated stocks could provide some much-needed love for your portfolio in 2013, according to TheStreet.com.

  • Italy - Factors to watch on Oct. 12 Friday, 12 Oct 2012 | 12:00 AM ET

    The governor of Lombardy refused to resign over a widening graft scandal on Thursday but said he would appoint a new government for Italy's wealthiest and most populous region, adding to political disarray six months from general elections.

  • MILAN, Oct 11- Consumption of refined oil products in Italy fell 14.8 percent year-on-year in September to around 5.3 million tonnes, driven by weaker demand for new cars and auto fuel, industry group Unione Petrolifera said on Thursday.

  • ENI CEO says mulling not renewing take-or-pay contracts Wednesday, 10 Oct 2012 | 9:17 AM ET

    ROME, Oct 10- Italian oil and gas group ENI. is considering not renewing so-called "take-or-pay" contracts and is discussing the issue with Italian authorities, Chief Executive Paolo Scaroni said on Wednesday.

  • *CDP sells 3.3 pct stake in Eni to help fund Snam stake buy. MILAN, Oct 9- Italy's state investment holding company, Cassa Depositi e Prestiti, completed the sale of a 3.3 percent stake in oil group Eni on Tuesday for 2.1 billion euros to help fund the acquisition of a controlling stake in gas network company Snam.

  • ROME, Oct 9- Italy's state investment holding company Cassa Depositi e Prestiti said on Tuesday it had completed the sale of a 3.3 percent stake in oil group Eni, selling some 58.3 million shares between Sept. 24 and Oct. 9 for around 1 billion euros.

  • *Says hopes to be profitable in France "very quickly". launched a retail gas offer in France on Tuesday, hoping to triple its number of customers by 2016 in a tightly-knit market still dominated by former monopoly GDF Suez.

  • *CDP to sell Eni shares to help fund Snam stake buy. MILAN, Oct 9- A placement of shares in oil and gas group Eni on Tuesday was made on behalf of Italian state-controlled finance group Cassa Depositi e Prestiti, sources said, as part of plans for Eni to exit gas network company Snam.

  • ROME, Oct 9- Italy's central government plans to take charge of energy and infrastructure policies currently controlled at the regional level, Prime Minister Mario Monti told local administrators on Tuesday, according to a source present at the meeting. Monti was outlining measures the cabinet plans to take at a meeting later on Tuesday.

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