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Departamental projects based on royalties begin to appear

The Ministry of Mines and Energy announced that the first round of projects paid for by hydrocarbons and mining royalties have been approved.

Wednesday, August 1st, 2012
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ANI launches fourth generation of concessions in September

Posted: Tuesday, July 31, 2012 03:45 PM The National Infrastructure Agency presented results compared to targets in the first half of 2012 for divided-highway construction and rehabilitation of existing highways, moving cargo in ports and railway concessions.

Wednesday, August 1st, 2012
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Ecopetrol officials under investigation for environmental damage

July 29, 2012 By Hydrocarbons Colombia Various Colombian news media are reporting that the Colombian Controller’s office — an independent organ of government similar to an Auditor General — is investigating Javier Genaro Gutierrez and other senior officials in connection with a pipeline failure in December 2011.

Tuesday, July 31st, 2012
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Petrominerales focused on its core business

July 27th, 2012 By Hydrocarbons Colombia We reported earlier this week on rumors that Petrominerales was up for sale. Now company President Jack Scott has done a series of interviews with the Colombian business press, Portafolio and La Republica.

Saturday, July 28th, 2012
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Bicentennial Pipeline delays a microcosm of Colombian infrastructure challenges

July 24, 2012 In a long article based on local interviews, Colombian national business paper La Republica details the challenges of completing the Bicentennial Pipeline’s first phase between the Araguaney station in Yopal (Casanare) and the Banadia station, located in Saravena (Arauca) near the Venezuelan border.

Thursday, July 26th, 2012
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Glass half-full: MinMinas accounts for his actions

July 25th, 2012 By Hydrocarbons Colombia The Colombian government is holding one of its periodic “public accounting” sessions where Ministers measure their performance in public against previously stated goals.

Thursday, July 26th, 2012
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Rumors fly of Canacol or Petrominerales sale

July 24, 2012 By Hydrocarbons Colombia Colombian national business paper Portafolio reported on its website rumors that Canadian oil companies Petrominerales and Canacol are on the auction block.

Wednesday, July 25th, 2012
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Revaluation of Colombian Peso brings coal production costs close to prices

July 24th, 2012 By Hydrocarbons Colombia Producers of any good are challenged when prices are denominated in one currency but costs are denominated in another and the two currencies diverge.

Wednesday, July 25th, 2012
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Corficolombiana pays US$2.5B for Promigas

June 24,2012 By Hydrocarbons Colombia Fund manager Corficolombiana will pay US$2.5B for the 75% of the company it did not already own, thereby remaining with 100% ownership.

Wednesday, July 25th, 2012
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Ecopetrol confirms presence of hydrocarbons in the Caño Sur Block

July 23, 2012 • Seven oil discoveries in the Caño Sur Block. • Initial results show an average production of 434 barrels stabilized oil per day of 13.4° API.

Tuesday, July 24th, 2012
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