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What happened to oil stocks in the Colombian Stock Market?

July 17, 2012 There are four oil companies in the Colombian stock market: state-owned Ecopetrol, Pacific Rubiales, Petrominerales and Canacol.

Thursday, July 19th, 2012
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At June 24,491 new vehicles have Natural Gas: Minminas

Bottom Line: Gas conversions are up as are gas connections overall. Until some of the LNG export plans come on line, local demand will drive producer revenues.

Thursday, July 19th, 2012
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Colombia growing in clean energy: Minister Mauricio Cardenas

Bottom Line: Local demand for hydrocarbons and coal remain important especially for gas. MinMinas continues with the theme of child labor in traditional mining.

Thursday, July 19th, 2012
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Royalties will improve energy services for 25,000 families in Vichada and Casanare

Bottom Line: One of the challenges with Colombian civil society is that extractive industries are viewed only from the negative side of the ledger, especially environmental damage and the impact on traditional ways of life.

Thursday, July 19th, 2012
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Institutional strengthening in mining allows an orderly development of the sector:Minister Cardenas

Bottom Line: Antioquia is perhaps the only Colombian state with a professional mines secretariat and the state is fiercely protective of its autonomy. Here are calm words by MinMinas about working together.

Thursday, July 19th, 2012
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Oil and gas production by basin Vs ° API – 2011

Bottom Line: Colombia is characterized as being a heavy oil producer because that’s what over 56% of the production is. However most fields are light (121) and obviously over 44% of production is lighter than heavy.

Wednesday, July 18th, 2012
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S & P believes that Pacific Rubiales will do better

Bottom Line: Pacific Rubiales rating was maintained but the outlook improved from ‘stable’ to ‘positive’ reflecting the company’s financial and operational strength.

Tuesday, July 17th, 2012
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Mining discussed in the Santander Assembly

Bottom-Line: This is more about gold than coal/hydrocarbons and it deals with the Santurbán Paramo a unique ecosystem that provides water to Bucaramanga, Colombia’s fourth largest city.

Monday, July 16th, 2012
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Santander Deputies asked for suspension of drilling near Laguna de Ortices

Bottom Line: This is the hydrocarbons equivalent of an article published today on mining in the important state/department of Santander.

Monday, July 16th, 2012
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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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