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 Cano Limon Pipeline Halted By Bombings; Oxy May Halt Operations

BOGOTA, Colombia -(Dow Jones)- Pumping has been halted at Colombia's second-longest pipeline, the Cano Limon, after several bombings by leftist guerrillas in recent days, according to an official at national oil company Ecopetrol (ECOPETROL.BO, EC). The Ecopetrol official said Wednesday it wasn't clear when pumping may resume at the Cano Limon pipeline, which can send 220,000 barrels a day to the coast for export but over the past year has been pumping closer to 80,000 barrels a day. The oil in the pipeline comes from a field in northeastern Colombia, also called the Cano Limon, which is controlled by Ecopetrol and U.S.-based Occidental Petroleum Corp. (OXY). Facundo Castillo, governor of the northeastern state of Arauca where the field is located, told La FM radio Wednesday morning that Occidental is considering suspending operations in Colombia and declaring a force majeure due to the persistent bombings by rebels. A force majeure is a term in a contract that can be invoked when conditions beyond the control of the company make it impossible for it to fulfill terms to which it originally agreed. Castillo said the Cano Limon pipeline has been bombed at least 13 times this year. The Ecopetrol official wouldn't confirm this figure. "At this moment, the oil company Occidental is considering the possibility of declaring a force majeure," Castillo told the radio station. He said he and other local officials are trying to convince Occidental to continue operations because the region counts on Occidental for royalties, employment and other help. Officials at Occidental weren't immediately available to comment. The Cano Limon for years has been a popular target for Colombia's main rebel group, the Revolutionary Armed Forces of Colombia, or FARC, and another leftist group, the ELN. The illegal armed guerrilla groups, which help fund themselves through drug trafficking, have been fighting the Colombian government for decades. Occidental has declared forces majeures in Colombia in the past due to rebel bombings but most were declared more than a decade ago, when rebel attacks were more common. -By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com

Stock News for Engelhard (EC)
DateTimeHeadline
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...
10/08/201214:06:30Motiva Port Arthur CDU Could Restart Ahead of Schedule
10/04/201211:04:16Refinery Status: ExxonMobil Baytown Refinery Fire Wednesday Confined...
10/03/201212:54:08Refinery Status: Exxon Calif. Refinery Operations Normalizing...
10/01/201211:28:13Refinery Status: Phillips 66 Restarting Sweeny, Texas, Units...
10/01/201210:20:09Colombia's New Oil Pipeline Delayed Again
09/27/201209:58:56Refinery Status: Irving's Saint John Refinery Resumes Normal...
09/26/201209:15:47Refinery Status: Phillips 66 Reports Planned Work at Illinois...

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