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Promigas wins regasification plant contract

GasThe port services holding firm, EL Cayao, of which gas distributor Promigás has a 49.99% share, has won the contract to build a regasification plant for Caribbean thermal energy generation firm Grupo Térmico.

Monday, March 3rd, 2014
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Petromont socializes Llanos exploration Project

Oil producer Petromont socialized a exploratory drilling project in the Llanos 10 block, where it presented the project to members of 11 villages affected by the drilling in Arauca and Casanare. Environmental authorities were on hand as observers.

Monday, March 3rd, 2014
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USO calls for action on Barrancabermeja Refinery

The USO says that Ecopetrol (NYSE:EC) continues to hedge and refuse to progress on the modernization of the Barrancabermeja Refinery, with the union saying that it is a must to have a “competitive” and modern refining facility.

Monday, March 3rd, 2014
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The government strikes back

The government strikes back

Incidents near areas of interest to the oil and gas industry were stable at 39 above recent and long-term averages. Non-Armed Forces-reported incidents were below average both in percentage and absolute terms. This is our indicator of increased guerrilla-initiated activity. However, our 4-week Moving Average incident count was down at 33.3 and the 52 week average was also down slightly at 31.1 incidents per week.

Monday, March 3rd, 2014
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Inner Circle Monthly Report for March 2014

This month we have a number of interviews on a variety of topics.

Saturday, March 1st, 2014
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GTE posts production gains in 2013

GTE posts production gains in 2013

Gran Tierra Energy (NYSE:GTE) saw its Colombia production grow by 41.3% in 2013 to reach an average of 18,584boepd, which accounts for 83% of its total production.

Thursday, February 27th, 2014
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Tanker firms speak up after wave of criticism

“We are also part of the development of Putumayo, Huila and the country,” said the legal representative of one of Putumayo’s largest tanker truck firms in defense of the sector and the number of accidents, spills and discontent felt in these oil producing regions, where local leaders and residents have put the blame on tanker truckers for wrecking their communities and roads.

Thursday, February 27th, 2014
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Ecopetrol looks to prove 2014 will bring growth

Company officials held a call to discuss the end of year 2013 results and convince the market that its continued growth over the last five years is sustainable going forward despite operational complexities.

Thursday, February 27th, 2014
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Peace Process week of February 24: Santos also target of spying

This week revelations hit the press that President Juan Manuel Santos’s email account has been compromised and around 1000 emails were accessed by an unknown party,  just weeks after allegations of spying on peace delegates in Havana shook up the process.

Thursday, February 27th, 2014
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Transportation and community issues cut into Ecopetrol production, profits

Transportation and community issues cut into Ecopetrol production, profits

Ecopetrol (NYSE:EC) saw its production grow 4.5% in full year 2013 to reach 788.2mboed, a number which the NOC said suffered due to transport restrictions and blockades in some communities. The company’s net income fell in the same period by 10.8% to CoP$13.35T.

Wednesday, February 26th, 2014
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