Bottom Line: One of the challenges with Colombian civil society is that extractive industries are viewed only from the negative side of the ledger, especially environmental damage and the impact on traditional ways of life.
Bottom Line: Antioquia is perhaps the only Colombian state with a professional mines secretariat and the state is fiercely protective of its autonomy. Here are calm words by MinMinas about working together.
Bottom Line: Colombia is characterized as being a heavy oil producer because that’s what over 56% of the production is. However most fields are light (121) and obviously over 44% of production is lighter than heavy.
Bottom Line: Pacific Rubiales rating was maintained but the outlook improved from ‘stable’ to ‘positive’ reflecting the company’s financial and operational strength.
Bottom-Line: This is more about gold than coal/hydrocarbons and it deals with the Santurbán Paramo a unique ecosystem that provides water to Bucaramanga, Colombia’s fourth largest city.
Bottom Line: This is the hydrocarbons equivalent of an article published today on mining in the important state/department of Santander.
Bottom Line: This is the same goal reset in May (see article here). The question today is how realistic is that goal given ongoing environmental licensing issues and continued security problems.
Source: Company Financial Reports, Hydrocarbons Colombia
July 11, 2012 A number of Latin American business papers and websites have picked up an EFE story that the Brazilian state oil company Petrobras will invest US$700M through 2016 in the exploration of an offshore gas platform.
Bottom Line: Natural gas suppliers making the point that environmental and health costs tip the balance in favor of gas over coal despite higher costs per BTU.
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