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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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Pacific Rubiales upbeat 2Q12 conference call

Source: Pacific Rubiales August 9, 2012 Given some of the glum news from the Colombian oil and gas industry recently, it was perhaps hard for the company not to crow on its 2Q12 conference call this morning.

Sunday, August 12th, 2012
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Beatriz Uribe steps down from National Mining Agency

Friday, the Ministry of Mines and Energy reported that Beatriz Uribe was stepping down from her post as President of the National Mining Agency “for personal reasons”.

Sunday, August 12th, 2012
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Assessing risks — Range Resources in the Putumayo

August 10, 2012 On July 30th, Australian company Range Resources Ltd published its 2Q12 operational update. A considerable portion of the document was devoted to its new economic participation agreement with private company Petro Caribbean Resources  Ltd  “that will see the Company earn a 65% economic interest (option to move to 75%) in Blocks PUT-6 and PUT-7 in return for funding (on a cost recoverable basis) the commitments under the Production Sharing Agreement (“PSA”) with the National Hydrocarbons Agency of Colombia (“ANH”).”

Saturday, August 11th, 2012
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The cost of security — Case of Gran Tierra

The cost of security — Case of Gran Tierra

Source: Gran Tierra, Hydrocarbons Colombia NOTE: Colombian production only August 10, 2012

Saturday, August 11th, 2012
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