July 25th, 2012 By Hydrocarbons Colombia The Colombian government is holding one of its periodic “public accounting” sessions where Ministers measure their performance in public against previously stated goals.
July 24, 2012 By Hydrocarbons Colombia Colombian national business paper Portafolio reported on its website rumors that Canadian oil companies Petrominerales and Canacol are on the auction block.
July 24th, 2012 By Hydrocarbons Colombia Producers of any good are challenged when prices are denominated in one currency but costs are denominated in another and the two currencies diverge.
June 24,2012 By Hydrocarbons Colombia Fund manager Corficolombiana will pay US$2.5B for the 75% of the company it did not already own, thereby remaining with 100% ownership.
July 23, 2012 • Seven oil discoveries in the Caño Sur Block. • Initial results show an average production of 434 barrels stabilized oil per day of 13.4° API.
July 24, 2012 By Hydrocarbons Colombia Colombian business magazine Dinero.com reports that Equión’s exploratory drilling at the Mapalé-1 well is postponed until further notice because of bad weather.
Bottom Line: Another terrorist attack causes an environmental emergency because there are no contingency plans. Occidental must respond.
Bottom Line: This is a different incident caused by crude oil theft by unknown parties rather than an attempt to destroy the pipeline.
July 19, 2012 Business newspaper Portafolio reports that after 49 days of talks with the directors of the company, the workers of the La Jagua Coal mine, operated by Prodeco (a subsidiary of Switzerland’s Glencore), yesterday morning began an indefinite strike.
July 20, 2012 The formation of Strategic Mining Reserves was always going to be a triple balancing act:
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