Search for your article of interest

Company News

The outlook for Ecopetrol’s small investors

The outlook for Ecopetrol’s small investors

Thousands of Colombians invested their savings in Ecopetrol (NYSE:EC) following its market debut in 2007. Those that did not sell off at its peak have been left to watch their investment’s value shrink, and in early November the NOC’s stock fell below its IPO value on the Bogotá exchange. What options do these small investors have to recovery their lost value?

Wednesday, November 25th, 2015
Usefulness:

Ecopetrol wraps up plant to lighten crudes

Ecopetrol (NYSE:EC) says it has finished a demonstration plant in Chichimene in the Meta Department which uses a technology to lighten heavy and extra heavy crudes, allowing them to be shipped in pipelines while cutting the company’s need to purchase naphtha as a diluent.

Monday, November 23rd, 2015
Usefulness:
Ecopetrol loses 16,000 barrels a month due to theft

Ecopetrol loses 16,000 barrels a month due to theft

Improvised, illegal and dangerous valves installed along Ecopetrol (NYSE:EC) pipelines are causing it to lose a growing amount of crude, also resulting in risks of severe environmental damage.

Thursday, November 19th, 2015
Usefulness:
Ecopetrol treading water

Ecopetrol treading water

Ecopetrol (NYSE:EC) can celebrate that unlike nearly all of its private industry peers it has been able to post a profit in the third quarter of 2015, but it has seen its production fall slightly, and its E&P business continues to post losses. This has been compensated by its refining business to some degree, while transportation income nearly doubled.

Wednesday, November 18th, 2015
Usefulness:
Gran Tierra acquiring Petroamerica

Gran Tierra acquiring Petroamerica

Gran Tierra Energy (TSX:GTE) says that it has entered into an agreement to acquire Petroamerica (TSX Venture:PTA), its first major move since new management took charge earlier this year, and a bid to consolidate its operation in Putumayo.

Tuesday, November 17th, 2015
Usefulness:

USO prepares Ecopetrol strike

The USO is planning a general strike in Ecopetrol’s (NYSE:EC) fields and facilities on November 17th, which it claims is necessary to protect against mass layoffs being planned by multinationals.

Monday, November 16th, 2015
Usefulness:
Geopark: 85% of production viable with oil at US$25

Geopark: 85% of production viable with oil at US$25

In announcing Geopark (NYSE:GPRK) 3Q15 results, CEO James F Park said that the company’s portfolio and cost-management efforts resulted in “approximately 85% of our production being profitable at a $25-30 oil Price”.

Thursday, November 12th, 2015
Usefulness:

Controversy engulfs future of Rubiales workers

The controversy surrounding the operation of Colombia’s largest producing field, Rubiales, continues past Ecopetrol’s (NYSE:EC) decision to operate the field on its own. Now statements from the Minister of Labor Luis Eduardo Garzón have ignited a debate on current operator Pacific E&P (TSX:PRE) workers at the field.

Thursday, November 12th, 2015
Usefulness:
Canacol’s pipeline blues

Canacol’s pipeline blues

Canacol Energy (TSX:CNE) reported its third quarter 2015 results, which showed a sequential increase in production and a fall in costs, but gas production fell sequentially although up year-over-year.

Wednesday, November 11th, 2015
Usefulness:

What is next for the Barrancabermeja Refinery?

After Ecopetrol (NYSE:EC) said in no uncertain terms there is no money to modernize the Barrancabermeja Refinery despite outcry from residents, the oil workers union USO has charged that the NOC is planning to sell the unit, which the firm denies.

Wednesday, November 11th, 2015
Usefulness: