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
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$3 per gallon, Pacific Rubiales stock up 6000% since its inception and Ecopetrol declaring record profits, oil looks like a money making machine.
Monday, April 16, 2012 It was widely reported in the Colombian press that 11 mining services firms from Australia are in the country looking for business. This mission was organized by the organization,
2012-04-01 07:00:00 The Canadian-born company managed to increase the credit limit that Bancolombia granted in 2011 from US$ 2.6 million to US$ 6.7 million, which will fund its short-term investments.
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.
April 2, 2012 Business newspaper Portafolio.co reports that Pacific Rubiales has expressed interest in participating in the Pipeline of the Pacific p
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.