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Colombia plans to produce 1,150,000 barrels of oil in 2014

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.

Monday, July 16th, 2012
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Colombian Crude Oil Prices 1Q12

Source: Company Financial  Reports, Hydrocarbons Colombia

Sunday, July 15th, 2012
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Petrobras announces gas exploration investment in 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.

Friday, July 13th, 2012
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Industry is increasingly using natural gas

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.

Wednesday, July 11th, 2012
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Paralysis in Caquetá oil leaves millions in losses

Bottom Line: Emerald Oil has not pumped crude for four months since a young driver was killed in a FARC attack on a truck convoy.

Wednesday, July 11th, 2012
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Catholic Church concerned about mining in Colombia

Bottom Line: The Catholic Church holds much more political and social power in Colombia than in other countries and frequently pronounces on issues of the day.

Wednesday, July 11th, 2012
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Oil sector failed to receive US200 million because of infrastructure attacks

Bottom Line: Reactions by industry leaders to the killing of 5 Ecopetrol contractors in Putumayo this week.

Saturday, July 7th, 2012
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Looking for customers for 200 million cubic feet of gas

Bottom Line: The Colombian domestic market is unbalanced with respect to supply so the government – and Pacific Rubiales –  are looking to export.

Saturday, July 7th, 2012
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EPM gas will reach Urabá

Bottom Line: Expanding the domestic demand for gas and bring the presence of the state to some often forgotten regions.

Saturday, July 7th, 2012
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Pacific Rubiales presents its 2011 Sustainability Report

Bottom Line: This is taken from a Pacific Rubiales press release so it has the expected positive tone. Still given the industry’s reputation for stealing the “black gold” and leaving behind nothing but an environmental mess, any publicity with a positive spin has to be celebrated.

Saturday, July 7th, 2012
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