July 27th, 2012 By Hydrocarbons Colombia We reported earlier this week on rumors that Petrominerales was up for sale. Now company President Jack Scott has done a series of interviews with the Colombian business press, Portafolio and La Republica.
July 24, 2012 In a long article based on local interviews, Colombian national business paper La Republica details the challenges of completing the Bicentennial Pipeline’s first phase between the Araguaney station in Yopal (Casanare) and the Banadia station, located in Saravena (Arauca) near the Venezuelan border.
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.
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