Ecopetrol S.A.

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• Ecopetrol Raises Cost Estimate of Cartagena Refinery Expansion

  - 2007-04-25

  Colombian state oil company Ecopetrol said recently the expansion of its Cartagena refinery will cost $2 billion, face=+Italic; Reutersface=-Italic; reported. The company had previously estimated the project would cost at least $800 million.Ecopetrol also said Brazilian state oil company Petrobras will work on the project as an associate...

  Tags: Ecopetrol S.A., Petrobras

• Glencore Awarded Stake for Ecopetrol Refinery Expansion

  - 2006-08-30

  Switzerland's Glencore International has been awarded the 51% stake in the expansion of Colombian state oil company Ecopetrol's Cartagena refinery, Colombia's face=+Italic; El face=-Italic; face=+Italic; Tiempoface=-Italic; face=+Italic; face=-Italic; reported.Glencore's final bid was $630.7 million at an auction, beating a bid from Brazil's state oil company Petrobras of $595...

  Tags: Ecopetrol S.A., Petrobras

• Colombia Emerges as Favorite For Small E&P Firms With Eyes For Latin America.

  - 2004-10-26

  Lured by attractive contract terms and high international oil prices, small independent producers are increasingly making their way to Latin America's upstream oil and gas sector, with Colombia emerging as the hottest play. Colombia's newly created National Hydrocarbons Agency ANH has signed 22 new contracts so far this...

  Tags: Ecopetrol S.A., Petrobras, Repsol YPF S.A.

• Petrobras, Brazil's state oil company, said it plans to explore for gas in the Caribbean Sea off the coast of Colombia with oil companies ExxonMobil of the United States and Colombia's state-owned Ecopetrol

  - 2004-08-01

  PETROBRAS, Brazil's state oil company, said it plans to explore for gas in the Caribbean Sea off the coast of Colombia with oil companies ExxonMobil of the United States and Colombia's state-owned Ecopetrol. Petrobras will be the operator during the exploration phase, and ExxonMobil will be the operator for the...

  Tags: Ecopetrol S.A., Exxon Mobil Corp., Petrobras

• Braspetro enters Colombia.

  - 2003-01-09

  Brazil, Jan 9, 2003 (Gazeta Mercantil/SABI via COMTEX) Braspetro, international operations subsidiary of the Brazilian state owned oil & gas company Petrobras, inked a contract with the Colombian petroleum company Ecopetrol, to the exploitation and production at Tarufa, based in Vale do Alto Magdalena....

  Tags: Ecopetrol S.A., Petrobras

• Solana Petroleum Corp. Announces Agreement to Purchase Colombian Gas Field.

  - 2002-10-17

  FLAGSTAFF, ARIZONA, Oct 17, 2002 CCNMatthews via COMTEX Mr. J. Bruce Carruthers reports: Solana Petroleum Corp. announced today, as part of its previously-announced Colombian Petroleum Production Program that, along with partner Petex de Colombia Limitada ("Petex"), it has reached agreement with...

  Tags: Ecopetrol S.A., Petex, Petrobras, Solana Petroleum Corp.

• Solana Petroleum Corp. Announces Agreement to Purchase Colombian Gas Field

  - 2002-10-17

  Business Editors FLAGSTAFF, Ariz.--BUSINESS WIRE--Oct. 17, 2002 Mr. J. Bruce Carruthers reports: Solana Petroleum Corp. (TSX VENTURE:SOP.CX) announced today, as part of its previously-announced Colombian Petroleum Production Program that, along with partner Petex de Colombia Limitada ("Petex"), it has reached agreement with Petrobras Colombia Limited, a subsidiary of...

  Tags: Ecopetrol S.A., Petrobras, Solana Petroleum Corp.

• Latin America

  - 2002-03-01

  Latin AmericaArgentina* President Eduardo Duhalde is introducing a tax on exports of oil and oil derivatives, effective from the beginning of March. The money raised will be used to help bail out banks suffering in the country's debt crisis. The decision ended weeks of speculation and debate between Duhalde and...

  Tags: Ecopetrol S.A., Petrobras

• Colombia: Good prospects for Guando hydrocarbon reserves.

  - 2000-10-24

  The third Guando oil well perforation, located near Melgar County, presented best results that the two firsts. The new well confirmed the Ecopetrol and the Petrobras's expectations, and the Guando field mayhave reserves of at least 200mil barrels. With the perforation, the technicians found out that...

  Tags: Ecopetrol S.A., Petrobras

• A Consortium

  - 2000-09-01

  A CONSORTIUM made up of Brazilian oil company Petrobras, Calgary-based Canadian Occidental Petroleum and state oil company Ecopetrol discovered a reserve near Bogota that may contain 200 million barrels of oil.

  Tags: Ecopetrol S.A., Occidental Petroleum Corp., Petrobras