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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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Long Tail of Petroleum Services Firms in Colombia

Long Tail of Petroleum Services Firms in Colombia

This graph shows the latest Campetrol data, from 2010 which is the last full year for which data is available from the Colombian company regulator SuperSociedades.

Sunday, April 1st, 2012
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Drill Rig Utilization Up 2pp From November 2011

Drill Rig Utilization Up 2pp From November 2011

Campetrol recently updated its statistics for rig utilization as of March 12, 2012. The number of reported rigs is down from 261 to 220 but utilization is up to 85%.

Saturday, March 31st, 2012
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Colombia Has Second Highest Tax Burden on Coal Projects

Colombia Has Second Highest Tax Burden on Coal Projects

The table shows the results of a study by Ernst and Young, commissioned by Colombian industry associations Large Scale Mining Chamber, Colombian Chamber of Mining and the National Association of Businesspersons (Mining Chapter).

Saturday, March 31st, 2012
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Worker Trapped in Coal Mine Rescued

Bogota, March 27, 2012 The Colombian Geological Survey informs the public and the media yesterday, March 26, that at about eight o’clock in the evening mine worker William Ivan Gaviria, 28, who was inside the mine in time of the emergency, was rescued uninjured.

Wednesday, March 28th, 2012
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Parex Resources reports increase in oil reserves in Colombia

March 27, 2012 From Parex Reserves Press Release… … “All of Parex’ crude oil reserves are located in Colombia’s Llanos basin.

Wednesday, March 28th, 2012
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GeoPark purchases Colombia’s Hupecol for $ 75 million

Extracts from a Press Release by GeoPark: GeoPark Holdings Limited (“GeoPark” or the “Company”), the Latin American oil and gas exploration and production company operating in Chile, Colombia and Argentina (AIM:GPK) is pleased to announce the completion of its second acquisition in Colombia this year with the purchase of Hupecol Cuerva LLC (“Hupecol”), a privately-held company with two exploration and production blocks in Colombia, for a total consideration of US$75 million cash, adjusted for working capital.

Wednesday, March 28th, 2012
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Comptroller Eyes Glencore For Royalty Rayments

March 23, 2012 RCNRadio.com reports that Glencore is being audited for alleged legal maneuvers to reduce royalties paid for the extraction of coal.

Tuesday, March 27th, 2012
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Seismic On Slightly Stronger Trend Compared to 2011 as of February 2012

Seismic On Slightly Stronger Trend Compared to 2011 as of February 2012

No doubt helped by a good dry season, stood at 4,060 as of the end of February 2012. If this rhythm is maintained, the country should finish at over 24,500 kilometers, 2% better than 2011 but still below the peak of 25,213 kilometers in 2010.

Sunday, March 25th, 2012
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