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Government adjusts framework oil contracts for 2012 Round

Bottom Line: The changes are logical, permitting a company to take advantage of conventional opportunities discovered in a unconventional block and vice versa, obviously with some adjustments in the case where the cheaper and less stringent unconventional blocks.

Friday, July 6th, 2012
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Minister of Mines condemns attack on oil well in Putumayo

Bottom Line: Expressions of outrage over the killing of five Ecopetrol contractors at the hands of the Farc.

Friday, July 6th, 2012
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Minminas will file the new Mining Code next week

Bottom Line: The indigenous community consultation phase for the new Mining Code will start next week.

Friday, July 6th, 2012
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Venezuela’s proposed oil prices would be favorable for Colombia

Bottom Line: Venezuela proposes maintaining prices between US$80 and US$120/barrel. Colombia agrees. The question of course is whether the price can be controlled in the face of demand-side uncertainty.

Friday, July 6th, 2012
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Farc attack leaves five dead in Putumayo

July 4, 2012 The  Colombian press has widely reported the death of five Ecopetrol maintenance sub-contractors in a bombing.

Friday, July 6th, 2012
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SUPERTRANSPORTE TAKES CONTROL RAILWAYS OF NORTHERN COLOMBIA SA – FENOCO

Bottom-Line: Fenoco transports thermal coal to the Colombian coast.The intervention will definitely cause disruption in the company.

Thursday, July 5th, 2012
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Coking coal production will fall in 2012

Bottom Line: Cundinamarca coal producers say production will fall this year and want the government to expand available territory for production.

Thursday, July 5th, 2012
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Colombia Oil Exploration Update to April 2012

Source: ACP, ANH, Hydrocarbons Colombia

Actuals to April 2012

Wednesday, July 4th, 2012
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List of companies who have purchased documents for Colombia Round 2012

These companies have been reported to have bought the documents. Note the names of companies which have fallen out of public view for being absorbed by others or having changed their public names/brands.

Sunday, July 1st, 2012
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An Australian oil company has its eye on Colombia

Bottom Line: Information on new player in Caguan-Putumayo basin. Looking at new exploration and wells closed in the 1980s due to low oil prices.

Saturday, June 30th, 2012
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