The central government is preparing a plan to address what it considers the gravest problem affecting oil production in Colombia today: pipeline security. Officials say military presence is being increased, as are drone flights.
On Wednesday, July 23rd in Cartagena, 38 companies will look at 95 blocks and place their bets. What do we think they will do?
The National Hydrocarbons Agency (ANH) says that hydrocarbons companies must be prepared for the El Nño weather phenomenon, calling on firms to treat water resources with special care.
The USO has always had a bone to pick with Pacific Rubiales (TSX:PRE), but the union has taken its stance to the forefront of negotiations with Ecopetrol (NYSE:EC), targeting PRE’s Star secondary recovery technology and calling for a presence in the Rubiales field.
As former president Alvaro Uribe takes his seat in congress in opposition to the peace process, incidents went up to 39, above recent and long-term averages.
A devastating attack on a convoy of 23 tankers by the Farc in the beginning of July led to 5,000 barrels of oil being spilled after the guerrilla opened the tanker’s valves, and now the local communities have blocked access to crews trying to clean up the mess.
A recent change to the norms which dictate how projects needing royalty funds are approved hopes to allow greater flexibility in the entities benefiting from the project and the sources of financing by allowing changes to the project once it has been submitted. Is this a routine dotting of the “i” left out or a sign that greater reform to the new system could be on its way?
Another postponed decision and conflicting reports on the performance of Pacific Rubiales’ (TSX:PRE) secondary recovery technology Star have shrouded the project, which is the operator’s main bet for its namesake Rubiales field, in uncertainty.
Russian president Vladmir Putin made his nation’s support for the peace process in Havana official this week during the sixth BRICS Summit held this week in Brazil’s capital of Brasilia. Putin’s support is thought to bring a symbolic counterweight to the table as a force that could have greater weight with the Farc guerrillas.
Parex (TSX:PXT) is establishing a summer-time tradition of updating its reserves every June. This year is no exception and this time, appropriately, the figures incorporate its acquisition of Verano Energy Ltd (‘Verano’ is the Spanish word for ‘summer’.)
2025, Hydrocarbons Colombia, All Rights Reserved.
