Ecopetrol Sets 2019 Investment at $3.5 billion
Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.The investment is the backbone of an ambitious plan to boost production and explore for more oil to replenish dwindling reserves.
Cano Limon Pipeline Hit by More Bombings
Colombian state-run oil company Ecopetrol said on Tuesday that three new bombings of the Cano Limon pipeline have caused contamination in several waterways in the country's northeastern Arauca province.The attacks on Sunday and Monday brought total bombings of the 485-mile (780-km) pipeline to 82 this year.Cano Limon…
Colombia's Transandino Pipeline Bombed, Damaged
Pumping on Colombia's southern Transandino pipeline was halted on Sunday after a bomb attack by the ELN rebels spilled crude into a river, state-run oil company Ecopetrol and the military said. The National Liberation Army (ELN) is in the midst of a renewed offensive against the military and oil infrastructure…
Colombia Oil Reserves Down 16.8% in 2016
Colombia said on Thursday its oil reserves were down 16.8 percent to 1.66 billion barrels at the end of last year, but that exploration was recovering after the global fall in crude prices. At 2016 production levels the reserves are equivalent to 5.1 years of output, the energy ministry said in a statement. The figure was down compared to the 2015 figure of 2.0 billion barrels.
Ecopetrol Restarts Cano-Limon Pipeline
Colombian state oil company Ecopetrol has restarted the country's second-largest oil pipeline, the Cano-Limon Covenas, after a series of bomb attacks halted movement of crude for seven weeks. The pipeline began pumping again during the night, army sources said on Wednesday. Pumping had stopped on Feb. 15 in one of the longest halts since the pipeline came online in 1986.
Bombing Halts Pumping on Colombia's Cano-Limon Oil Pipeline
Pumping operations along Colombia's second most important oil pipeline, the Cano-Limon Covenas, was halted due to a bomb attack by rebels from the Marxist ELN group, a high-ranking military official said on Friday. The attack occurred on Thursday in a rural area of northern El Carmen in Norte de Santander province…
Cano Pipeline, Occidental Oilfield Restart After Attacks
Occidental Petroleum Corp has restarted crude production at Colombia's Cano Limon oilfield and its pipeline is pumping again after a series of rebel attacks shut output and transport for several weeks, the military said on Monday. The 485-mile (780-km) Cano Limon pipeline, which has the capacity to transport up to 210…
Colombia's Cano Limon Oilfield Stops Production After Attacks
Crude production at Colombia's Cano Limon oilfield was halted on Friday after a series of pipeline attacks by leftist rebels prevented operator Occidental Petroleum Corp from moving oil to port, oil industry sources said. The field's pipeline, which moves crude from the country's northeast to the Caribbean, has been shut since Nov.
Colombia's No. 2 Oil Pipeline Halted After Rebel Attack
The ELN rebel group bombed Colombia's second biggest pipeline on Monday, military sources said, forcing state-run oil company Ecopetrol to stop the pumping of crude. The attack on a section of the 485-mile (780 km) Cano-Limon Covenas pipeline occurred in Cubara municipality in Boyaca province near the border with Venezuela…
Colombia Needs $7 Bln a Year to Boost Oil Exploration, Stop Imports
Colombia will need about $7 billion in annual investment over the next 10 years to bolster oil exploration and avoid a drastic drop in output that would lead the Andean nation to import crude by 2022, the head of the oil industry's union said on Wednesday. Output in Latin America's fourth biggest oil producer…
Ecopetrol Halts No.2 Pipeline after Rebel Attack
Colombian state-run oil company Ecopetrol has halted pumping on the country's No. 2 oil pipeline after a rebel bombing that sent crude spilling into a nearby river, a source at the company told Reuters on Friday. The attack on the 485-mile (780 km) Cano-Limon Covenas pipeline caused a spill in Arauca province's Bojaba river…
Cano Limon Pipeline Down After Rebel Attacks
Two rebel bomb attacks have halted pumping operations along Colombia's second most important oil pipeline, the Cano-Limon Covenas, state oil company Ecopetrol said on Monday. The twin attacks by National Liberation Army (ELN) guerrillas occurred over the weekend in rural areas of northern Norte de Santander and Arauca provinces, police and military sources said.
Cano Limon Pipeline Attacked, Halted for Repairs
Colombia's Cano Limon pipeline has been halted for repairs, a source at state-run Ecopetrol said on Wednesday, but production in the Cano Limon and Caricare oil fields is normal. Ecopetrol operates the 780 km (485 mile) pipeline, which has the capacity to transport 220,000 barrels of crude per day from the northeastern province of Arauca to the Caribbean coast…
Colombia's ELN Rebels May Consider Ceasefire
Colombia's second-biggest leftist rebel group, the National Liberation Army, would be willing to declare a ceasefire if peace talks to end 50 years of war with the government begin, it said in a video posted on its Twitter account on Wednesday. The 1,500-strong group, known as the ELN, has been engaged in…
Rebel Bombs Stop Bicentenario Pipeline
Colombia's Bicentenario crude oil pipeline has been shut down after being damaged in a bombing that security officials blamed on leftist rebels, the latest of regular explosions carried out by guerrillas on the country's oil infrastructure. The attack took place on Tuesday in Fortul, in the eastern province of Arauca near the border with Venezuela…
Guerrilla attacks Ecopetrol Oil Field in Colombia
Leftist guerrillas attacked an oil field Friday for Ecopetrol in northeastern Colombia, as part of an escalation of attacks on the economic infrastructure of the country that holds in tension the peace negotiations between the Government and the FARC. Ecopetrol said the two attacks affected the Tibú field…
