Bottom Line: Venezuela proposes maintaining prices between US$80 and US$120/barrel. Colombia agrees. The question of course is whether the price can be controlled in the face of demand-side uncertainty.
July 4, 2012 The Colombian press has widely reported the death of five Ecopetrol maintenance sub-contractors in a bombing.
Bottom-Line: Fenoco transports thermal coal to the Colombian coast.The intervention will definitely cause disruption in the company.
Bottom Line: Cundinamarca coal producers say production will fall this year and want the government to expand available territory for production.
Source: ACP, ANH, Hydrocarbons Colombia
Actuals to April 2012
These companies have been reported to have bought the documents. Note the names of companies which have fallen out of public view for being absorbed by others or having changed their public names/brands.
Bottom Line: Information on new player in Caguan-Putumayo basin. Looking at new exploration and wells closed in the 1980s due to low oil prices.
Bottom Line: The Colombian government’s decision to set aside 20.5M hectares of strategic mining reserves continues to generate controversy.
Bottom Line: According to the victims, Ecopetrol has failed to adequately respond for a pipeline explosion six months ago. This kind of story is not helpful for the image of an industry already perceived to be not in the interests of ordinary Colombians.
Bottom Line: Prodeco is a major coal producer and the article demonstrates how one company approaches its relationship with the community.
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