ADVFN - Advanced Financial Network.
HOME» NYSE » O » OXY Stock Price » OXY Stock News

Occidental Pet Share News

 Occidental Petroleum Corp Stock Price
OXY Stock Price
 Occidental Petroleum Corp Stock Chart
OXY Stock Chart
 Occidental Petroleum Corp Stock News
OXY Stock News
 Occidental Petroleum Corp Company Information
OXY Company Information
 Occidental Petroleum Corp Stock Trades
OXY 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 Occidental Pet (OXY)
DateTimeHeadline
08/06/201511:06:14Statement of Changes in Beneficial Ownership (4)
08/04/201517:34:28Amended Statement of Changes in Beneficial Ownership (4/a)
08/04/201506:35:03Quarterly Report (10-q)
07/30/201508:30:08Occidental Revenue Falls as Commodity Prices Remain Week
07/30/201508:06:42Occidental Revenue Falls as Commodity Prices Remain Week
07/30/201507:17:02Current Report Filing (8-k)
07/30/201507:00:00Occidental Petroleum Announces 2nd Quarter 2015 Results
07/22/201517:29:35Statement of Changes in Beneficial Ownership (4)
07/14/201509:00:00Occidental Petroleum 2nd Quarter 2015 Results to be Announced...
07/13/201517:08:26Statement of Changes in Beneficial Ownership (4)
07/13/201516:44:03Statement of Changes in Beneficial Ownership (4)
07/10/201519:43:50Statement of Changes in Beneficial Ownership (4)
07/10/201518:14:10Statement of Changes in Beneficial Ownership (4)
07/10/201518:13:16Statement of Changes in Beneficial Ownership (4)
07/10/201518:08:42Statement of Changes in Beneficial Ownership (4)
07/10/201514:42:27Statement of Changes in Beneficial Ownership (4)
07/09/201513:44:00Occidental Petroleum Announces Dividend
06/26/201516:18:45Annual Report of Employee Stock Plans (11-k)
06/23/201516:24:23Current Report Filing (8-k)
06/19/201517:29:58Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)

Occidental Pet 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