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Ecopetrol aims to increase presence in the Gulf of Mexico

June 25, 2012 The oil company, in partnership with other firms, presented the most competitive bids for oil exploration in six deepwater blocks. With this, Ecopetrol would increase its share to 122 blocks in this prospective oil basin.

Wednesday, June 27th, 2012
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CENIT will gradually acquire Ecopetrol logistics assets

June 25, 2012 Business newspaper LaRepublica.co reports union concerns about Ecopetrol spin-out Cenit. USO leader Rodolfo Vecinosays it is not good that Cenit will inherit a large network of Ecopetrol’s pipelines that transport most of its oil production, as these would become co-owned by the multinationals that are in the country.

Wednesday, June 27th, 2012
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Each dollar drop in the price of oil costs US$ 82M

June 25, 2012 In 4 months, it has dropped $ 30. On average, oil has earned less than budgeted by the Government. Lower demand for oil around the world, the slowdown in China, the crisis in Europe and the slow U.S. recovery, has begun to the accounts with which the Government budgeted for next year.

Wednesday, June 27th, 2012
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Vale concludes the sale of coal assets in Colombia

June 26, 2012 Business newspaper Portfolio.co and other sources in the global press report that Vale, has finalized the sale its thermal coal operations in the country for $ 407 million to a subsidiary of Colombian Natural Resources (a division of Goldman Sachs).

Wednesday, June 27th, 2012
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Vale concludes the sale of coal assets in Colombia

June 26, 2012 Business newspaper Portfolio.co and other sources in the global press report that Vale, has finalized the sale its thermal coal operations in the country for $ 407 million to a subsidiary of Colombian Natural Resources (a division of Goldman Sachs).

Wednesday, June 27th, 2012
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Mining areas increased to 20.5 million hectares

June 21, 2012 Portafolio.co reports that the new areas are located in the departments of Vichada

Saturday, June 23rd, 2012
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