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The Colombia Oil and Gas Industry At A Glance

A statistical overview of the industry in slide format.

Thursday, October 11th, 2012
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Shona Energy reports LNG deal with Altenesol

October 10, 2012
In a press release, Shona Energy reports a deal to sell 17 MMCFD of gas to Altenesol’s Nataly I liquefied natural gas (“LNG”) Project. The deal is subject to agreement on price which will be in the range of  $4.50 to $5.25 per MCF and subject to annual escalation. The eventual agreement will be “take or pay” on both sides.

Thursday, October 11th, 2012
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ANH finalizes procedures for 2012 Round offers

October10, 2012
NOTE: This is a high level summary for general interest. Anyone participating in the round should have the official documents translated from the original Spanish. We assume no responsibility for problems which might arise using this article as a basis for decisions or actions by those participating in the auction. The National Hydrocarbons Agency (ANH) has published an agenda for October 17, 2012, the day that participants in the 2012 Round will present their offers in Cartagena. The agenda is:

Thursday, October 11th, 2012
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Petroleum engineers best paid grads in 2011

Petroleum engineers best paid grads in 2011

Source: MinEducation, Hydrocarbons Colombia
October 11, 2012
For the second straight year, petroleum engineers lead the Ministry of Education’s annual survey of outgoing graduates. The study looks at 2010 graduates and how they fared in 2011, whether they had a job, whether their education served them in their work and how much they were paid. The above chart shows that petroleum engineers were closely followed by geologists which shows how important mining and hydrocarbons are to Colombian growth. The two groups were nearly tied in starting salary — 31% higher than the third-ranked profession. They were nearly tied as well in success at finding a job: only about 5% failed to get a job in their first year.

Thursday, October 11th, 2012
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Ecopetrol opens gas processing plant in Norte de Santander

October 9, 2012 From an Ecopetrol press release. Translated and with commentary by Hydrocarbons Colombia.

Wednesday, October 10th, 2012
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MinAmbiente to work more closely with regional authorities

From a Ministry of Environment and Sustainable Development (MinAmbiente) press release. Translated and with commentary by Hydrocarbons Colombia.

Wednesday, October 10th, 2012
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Confusing incident in Cauca shows how far the state has to go

On Saturday October 6, 2o12 the Colombian Armed Forces killed three men and a woman, wounding a minor in a municipality known variously as El Bordo and La Patia which is in Technical Evaluation Block Cauca 6. These are perhaps the only facts we know for certain.

Wednesday, October 10th, 2012
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August Colombian exports fall 7.6% year-over-year — Extractive sector down 17%

The Colombian Statistical Institute reports that Colombian exports fell 7.6% in August 2012 year-over-year because of a 17% drop in exports from the extractive industries. Crude oil exports were down 14.7% in volume.

Wednesday, October 10th, 2012
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Security summary for week ending October 6, 2012

Security summary for week ending October 6, 2012

We have started 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 methodology. We will only be publishing significant events and summaries in the Hydrocarbons Colombia page.

Monday, October 8th, 2012
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USO strike in Meta blocks tanker trucks from leaving some sites — UPDATED2

October 3, 2012 13:30 Bogotá/Houston; 12:30 Calgary; 14:30 Toronto/New York; 19:30 London

The Petroleum Workers Union (USO) called for an industry-wide strike in the important oil department of Meta for today October 3, 2012.

Thursday, October 4th, 2012
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