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Ecopetrol discovers new hydrocarbon field in the Tisquirama Block

April 25, 2012 From an Ecopetrol Press Release … Ecopetrol announces the discovery of hydrocarbons in the Tisquirama Este-1 exploratory well, located in the municipality of San Martin, Cesar. In initial tests, the well produced 624 barrels of oil per day

Thursday, April 26th, 2012
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Optimizing the Benefits of Royalty Payments Under New Colombian Regimen

Let’s start from the proposition that, like it or not, royalties are necessary. They are necessary because with oil over US$100 a barrel, Colombian gas prices over U$2 and nearly US$3 per gallon, Pacific Rubiales stock up 6000% since its inception and Ecopetrol declaring record profits, oil looks like a money making machine.

Monday, April 23rd, 2012
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Trenaco begins exporting coal to China

April 11, 2012 It is widely reported in the Colombian press that local firm Trenaco made its first shipment of 42,200 tons of Colombian metallurgical coal to China.

Saturday, April 21st, 2012
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There will be a Conpes plan for the gas sector

April 17, 2012 A “Conpes document” is a commitment by the government, and more importantly by the National Planning Department which controls the budget, to do something

Saturday, April 21st, 2012
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Eleven Australian miners seek business opportunities in Colombia

Monday, April 16, 2012 It was widely reported in the Colombian press that 11 mining services firms from Australia are in the country looking for business. This mission was organized by the organization,

Thursday, April 19th, 2012
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Suroco gets U.S. $ 6.7 million for oil in Colombia

2012-04-01 07:00:00 The Canadian-born company managed to increase the credit limit that Bancolombia granted in 2011 from US$ 2.6 million to US$ 6.7 million, which will fund its short-term investments.

Monday, April 9th, 2012
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What the Divergence Between Brent and WTI Means for Colombian Oil

What the Divergence Between Brent and WTI Means for Colombian Oil

The chart shows the difference between Brent and WTI (weekly close in US$), with short-term fluctuations smoothed out by taking a 52 week trailing moving average.

Sunday, April 8th, 2012
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ANH Closes Asia Roadshow for 2012 Auctions

Dr. Orlando Cabrales Segovia, President of the ANH, closes Asia roadshow promoting the Colombia Round 2012 competition… Tokyo, April 4, 2012.

Saturday, April 7th, 2012
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Pacific shows interest in pipeline between Colombia and Venezuela

April 2, 2012 Business newspaper Portafolio.co reports that Pacific Rubiales has expressed interest in participating in the Pipeline of the Pacific p

Thursday, April 5th, 2012
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Oil output grew 7.1% in March

April 4, 2012. The Ministry of Mines and Energy reports that the average oil production in Colombia in March 2012 stood at 950,939 barrels per day (bpd), ie by 7.2% compared to the average of 887,000 barrels that was recorded in March , 2011.

Thursday, April 5th, 2012
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