August 17, 2012 Mayors of Tame and Puerto Rondon in Arauca suspended three months without pay pending investigations into contracting. Auditor General and 19 Villavicencio (Meta) city councils declared unfit for public office for 10 years.
See original press release in English here. Colombia’s Ecopetrol is a 30% partner in Parmer Prospect.
August 16, 2012 See original press release here.
August 16, 2012 Ministry of Mines and Energy English Press Release
August 15, 2012 Colombian state-owned oil company announced this morning that it had a 12-month contract with an un-named Indian refinery for 12 million barrels of Castilla crude.
Source: Parex Resources, Hydrocarbons Colombia At a time when some of its peers have reported dramatic drops in production, Parex should feel lucky to only have an 11% drop in 2Q12.
August 14, 2012 Yesterday, the ELN released two Bicentennial Pipeline employees who had been kidnapped 19 days before from their homes in Saravena, Arauca.
August 14, 2012 The good news is that it appears the Fenoco coal railway strike is over.
Source: C&C Energy, Hydrocarbons Colombia C&C produced reasonably upbeat 2Q12 results with production up slightly (although essentially flat since 4Q11 or before) and netbacks down but only slightly more than prices were.