We were very disappointed with National Environmental Licensing Agency head Luz Helena Sarmiento’s last minute participation in a ministerial panel yesterday. The industry leaders we spoke to afterward were perhaps even more disappointed. Maybe she just did not want to anticipate her scheduled presentation for today. This time she came out full of specific information on process improvements and did so full of self-deprecating humor that had a potentially hostile crowd laughing along.
A panel discussion that was scheduled to feature the Ministers of Finance, Energy and Environment was well attended at a very senior level during the National Hydrocarbons Agency (ANH) conference held yesterday in Cartegena. However attendees came away disappointed. For one thing the MinAmbiente did not show up at all. For another there were a very limited number of new policy statements or clarifications of recent declarations.
Just before the National Hydrocarbons Agency conference, Canacol announces it is purchasing Shona Energy for a mixture of cash and shares.
We are tracking security events that could be important for the Oil and Gas. These are not necessarily direct attacks on oil and gas infrastructure but evidence of terrorist activity in zones of hydrocarbons interest. See our dedicated page here for a complete listing and look here for methodology.
Now available — Our exclusive report for Inner Circle members
Featured commentary by ex-MinMinas Luis Ernesto Mejia. Also performance statistics from the National Environmental Licensing Agency.
This shows prices to October 12th. WTI Closing US$91.64 up 1.9%; Brent Closing US$114.62 up 1.9%.
The chart shows selected data on company-reported average crude oil selling prices. We have chosen companies which primarily, if not exclusively, produce in Colombia.
In a press release, C&C Energia updated its Colombian operations. Highlights include:
On Cenit
HCC-The oil industry says that due to transport problems (caused by under-capacity) Ecopetrol’s reputation was being negatively affected by prioritizing its own crude first and then, if there was left over capacity, grant some to others .
There is a graph making the rounds of the Colombian oil and gas industry, discussed at meetings, drawn on napkins over lunch and presented in PowerPoint.
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