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Bad day to be a public official in oil territory

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.

Saturday, August 18th, 2012
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Ecopetrol reports deepwater discovery in Gulf of Mexico

See original press release in English here. Colombia’s Ecopetrol is a 30% partner in Parmer Prospect.

Saturday, August 18th, 2012
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Army provides update on recent security issues in the Putumayo

August 16, 2012 From our weekly security summary and accompanying webpage, it should be obvious that the Putumayo is a war zone.

Friday, August 17th, 2012
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Ángela Inés Cadena has been appointed as the new Director of Upme

August 16, 2012 Ministry of Mines and Energy English Press Release

Friday, August 17th, 2012
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Ecopetrol to export 12 million barrels of crude to India

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.

Thursday, August 16th, 2012
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Parex Resources 2Q12 Results: Slightly lower production but better costs

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.

Thursday, August 16th, 2012
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Freed Bincentennial Pipeline workers say ELN targeting multinational petroleum companies

August 14, 2012 Yesterday, the ELN released two Bicentennial Pipeline employees who had been kidnapped 19 days before from their homes in Saravena, Arauca.

Wednesday, August 15th, 2012
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Colombia coal producers: Do you want the good news first?

August 14, 2012 The good news is that it appears the Fenoco coal railway strike is over.

Wednesday, August 15th, 2012
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C&C Energy Ltd 2Q12 Production up but so are costs

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.

Tuesday, August 14th, 2012
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