News In Brief: Ecopetrol's Earnings Drop 29.9% In Q109

Pacific Rubiales Hits Oil In Upper Magdalena Valley

Industry / Colombia News: Canadian-based Pacific Rubiales Energy has announced the discovery of oil pay with well Abanico-20 on the Abanico Block in the Upper Magdalena Valley of Colombia.

Hocol Strikes In Llanos Basin

Industry / Colombia Colombian operator Hocol has hit oil with its Huron-1 wildcat in the Llanos basin, according to energy minister Hernán Martínez quoted by newspaper El Tiempo on April 14. Preliminary results indicate...

News In Brief: Ecopetrol Takes Enbridge's Stake In Ocensa Pipeline

Industry / Colombia News: Colombia's state-run producer Ecopetrol has agreed to buy Canadian pipeline company Enbridge's indirect 24.7% interest in the OCENSA (Oleducto Central SA) pipeline in a US$400mn deal.

M&P Sells Hocol To Ecopetrol

Companies / Colombia Independent French explorer Maurel et Prom (M&P) has agreed to sell its subsidiary Hocol Colombia to Colombia's state-owned Ecopetrol.

News In Brief: Ecopetrol Reports 48% Q4 Profits Rise

Industry / Colombia News: Colombian state-controlled oil company Empresa Colombiana de Petróleos (Ecopetrol) has published its financial results for Q408. The company reported total sales of COP6.14trn (US$2.45bn) and net...