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Colombia's Cano Limon Pipeline Halted After Rebel Attack -Ecopetrol

Colombia's second-longest oil pipeline, the 480-mile Cano Limon, has stopped pumping after rebels reportedly used dynamite to blow up a portion of the line.A statement from state oil company Ecopetrol SA (EC, ECOPETROL.BO), which owns and operates the pipeline, said the attack occurred Wednesday near the village of Guachiman, in the northern state of Norte de Santander, which borders Venezuela. Pumping will remain halted until repair crews can fix the damage, an Ecopetrol representative said Friday.The Cano Limon can carry more than 200,000 barrels of crude oil a day to the shipping ports for export, but over the past several years it has only been transporting about 70,000 barrels a day. The pipeline is used by Ecopetrol and California-based Occidental Petroleum Corp. (OXY), which jointly own the Cano Limon field in northeastern Colombia.Colombia's two largest rebel groups, the Revolutionary Armed Forces of Colombia, or FARC, and the National Liberation Army, or ELN, are both active i...

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  1. Occidental Chairman Resigns After Shareholders Rebel

    Occidental Petroleum (NYSE:OXY) Chairman Ray Irani, who worked at the oil and gas company for 30 years, resigned Friday after shareholders likely voted against him.I...

  2. Shareholders Oust Longtime Occidental Chairman

    Occidental Petroleum Corp. ousted Chairman Ray Irani on Friday, a year ahead of his planned retirement and after two decades leading the oil and gas company. Irani w...

  3. Occidental Chairman Looks to Have Lost Board Seat

    Occidental Petroleum Corp. (OXY) Chairman Ray Irani appears to have lost his long-time seat on the oil and gas company's board, according to a regulatory filing the ...

  4. Oxy's Irani gets Glass Lewis nod after recent changes

    Shareholder advisory firm Glass Lewis has reversed its original recommendation for a vote against Occidental Petroleum Corp Executive Chairman Ray Irani after the co...

  5. Occidental Petroleum says CEO to remain until 2014

    Occidental Petroleum Corp , the fourth-largest U.S. oil company, said Chief Executive Steve Chazen would continue in his role through 2014 with the full support of t...

  6. Occidental CEO to Stay Through 2014; Unveils Compensation and Governance Changes

    Occidental Petroleum Corp. (OXY) said Steve Chazen will continue to serve as its chief executive through the end of 2014 as it unveiled a slew of changes to its corp...

  7. Occidental Examining Options for MLP, Asset Sales

    Occidental Petroleum Corp. (OXY) Chief Executive Stephen Chazen said low share prices mean the company will probably buy back shares and will take a closer look at o...

  8. Oil production rises for Exxon, Conoco in first-quarter

    Quarterly results from Exxon Mobil Corp and ConocoPhillips on Thursday showed that while overall growth remained elusive, output rose in key basins in the United Sta...

  9. Occidental Petroleum 1st-Quarter Net Down 13% on Softer Crude Prices

    Occidental Petroleum Corp.'s (OXY) first-quarter profit shrank 13% as the energy producer's revenue was weakened by softer prices for crude oil and natural-gas liqui...

  10. Ecuador's OCP Pipeline to Start Carrying Colombian Crude Oil

    Crude oil from southern Colombia could begin flowing through Ecuador's OCP pipeline as early as next week under an agreement signed Wednesday between the pipeline op...

  11. Two ETFs For The Eagle Ford Shale And Permian Basin

    The Eagle Ford Shale and Permian Basin, both in Texas, are two of the most oil-rich deposits in the U.S. By some estimates, the Permian Basin accounts for 17 percent...

  12. WEEK AHEAD: Tech, Energy, Defense to Report Earnings Next Week

    Next week brings a heavy calendar of quarterly results from some of the biggest tech and energy companies in the U.S. as earnings season heats up.Also, a first-quart...

  1. Occidental Eyes Potential Sale of Assets, Spinoff

    Occidental Petroleum Corp. (OXY) may consider selling its overseas assets or splitting into three separate companies in order to fund a stock buyback and improve its...

  2. Occidental CEO Discussed Potential Sale of Overseas Assets, Spinoff-Analysts

    Occidental Petroleum Corp. (OXY) may consider selling its overseas assets or splitting into three separate companies in order to fund a stock buyback and improve its...

  3. Transocean chairman voted out, $2.24/share dividend backed

    ZUG, Switzerland (Reuters) - Transocean Ltd shareholders voted out Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor...

  4. Transocean chairman to step down after Icahn attack

    Transocean Ltd said on Monday that Chairman Michael Talbert will step down later this year, in a move that comes just days before the culmination of a fight between ...

  5. Hess to split chairman, CEO roles as vote looms

    Hess Corp plans to split the roles of chief executive and chairman and appoint a former General Electric executive to head its board, countering efforts by an activi...

  6. A Look Ahead: This Week's ETFs to Watch

    Buoyed by a stronger-than-expected jobs report last Friday, U.S. stocks surged to new highs as the S&P 500 jumped above 1,600 for the first time ever.The Dow Jones I...

  7. Occidental shareholders vote out long-time chairman Irani

    SANTA MONICA, California (Reuters) - Occidental Petroleum Corp shareholders voted to oust Executive Chairman Ray Irani after more than two decades of leading the fou...

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