ADVFN - Advanced Financial Network.
HOME» NYSE » E » EC Stock Price » EC Stock News

Engelhard Share News

 Ecopetrol Sa Stock Price
EC Stock Price
 Ecopetrol Sa Stock Chart
EC Stock Chart
 Ecopetrol Sa Stock News
EC Stock News
 Ecopetrol Sa Company Information
EC Company Information
 Ecopetrol Sa Stock Trades
EC Stock Trades

Colombia's Ecopetrol Reports Oil Find In Gulf Of Mexico

BOGOTA -(Dow Jones)- Colombia's state-run oil firm Ecopetrol SA (EC, ECOPETROL.BO) said Thursday that it had found oil in an exploratory well in the Gulf of Mexico, the company's first success in that region. Ecopetrol said that the Logan 1 well showed the presence of oil and that the new studies were being carried out to determine the volume of the discovery. The well, located in the Walker Ridge 969 block, is operated by Norwegian oil and gas company Statoil ASA (STO, STL.OS) while Ecopetrol has a 20% stake in the project. Ecopetrol has moved in recent years to broaden its exploratory efforts overseas, focusing partly in the Gulf of Mexico. The Colombian firm is present in 112 blocks in that region through partnerships with other large oil firms. The company is spending $8.5 billion in capital investments this year, with a large share geared at exploration and production. Its target is to increase crude output 12% on a yearly basis. Ecopetrol's production, without its affiliates, rose to 677,500 barrels a day of oil equivalent in the third quarter, a 13% gain from that quarter of last year, the company said. Analysts attribute the increased oil output by Ecopetrol to higher recovery rates in mature fields and new projects coming online. -By Darcy Crowe, Dow Jones Newswires; (57) 1 703 8953; darcy.crowe@dowjones.com

Stock News for Engelhard (EC)
DateTimeHeadline
12/09/201317:31:15ADR Shares End Mixed as Markets Digest Fed Officials' Speeches
11/07/201310:28:09Ecopetrol: Oil Exports to Asia saw "Significant Increase" in...
10/21/201315:17:14Brazil Awards Libra Oil Field Rights to Consortium of Petrobras...
09/20/201303:10:14Asian National Oil Companies Top Brazil Bidders
09/11/201315:54:08Ecopetrol of Colombia Sells $2.5 Billion in Bonds
09/11/201313:39:09Ecopetrol of Colombia in Market With $2.5 Billion Bond Sale
06/03/201303:18:17Quadrise Fuels Signs Latin America Memorandum with Ecopetrol...
05/24/201313:00:42Colombia's Cano Limon Pipeline Halted After Rebel Attack -Ecopetrol
04/12/201317:04:31ADR Shares End Lower Amid Downbeat U.S. Data, Cyprus Confusion
03/19/201311:28:44Oil Companies Seek Reforms in Peru to Reverse Declining Crude...
03/01/201303:55:10Skanska Gets $51 Million Oil Field Contract in Colombia
02/12/201314:02:50Colombia Rebel Bombings Shut Two of Ecopetrol's Main Oil Pipelines
01/23/201315:30:58Colombia Rebels Blamed Again for Cano Limon Pipeline Bombing;...
01/14/201313:16:49Colombia's Cano Limon Pipeline Resumes Pumping after Attack
01/09/201307:18:52Colombia Rebels Bomb Cano Limon Oil Pipeline; Pumping Halted
12/12/201208:48:23Lukoil Sells Stake In Colombia Project
10/17/201216:33:47Colombia Auctions Off Oil Fields, Aiming to Boost Reserves
10/11/201214:38:22Colombia Needs More Oil Exploration, Reserves, Minister Says
10/09/201211:30:11Refinery Status: Valero Restarts Crude Unit At Meraux Refinery
10/08/201214:20:25Refinery Status: Motiva Port Arthur CDU Could Restart Ahead of...

Engelhard and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad