News and AnalysIs for

Just before the National Hydrocarbons Agency conference, Canacol announces it is purchasing Shona Energy for a mixture of cash and shares.

We are tracking security events that could be important for the Oil and Gas. These are not necessarily direct attacks on oil and gas infrastructure but evidence of terrorist activity in zones of hydrocarbons interest. See our dedicated page here for a complete listing and look here for methodology.

Now available — Our exclusive report for Inner Circle members

Featured commentary by ex-MinMinas Luis Ernesto Mejia. Also performance statistics from the National Environmental Licensing Agency.

This shows prices to October 12th. WTI Closing US$91.64 up 1.9%; Brent Closing US$114.62 up 1.9%.

The chart shows selected data on company-reported average crude oil selling prices. We have chosen companies which primarily, if not exclusively, produce in Colombia.

In a press release, C&C Energia updated its Colombian operations. Highlights include:

On Cenit
HCC-The oil industry says that due to transport problems (caused by under-capacity) Ecopetrol’s reputation was being negatively affected by prioritizing its own crude first and then, if there was left over capacity, grant some to others .

There is a graph making the rounds of the Colombian oil and gas industry, discussed at meetings, drawn on napkins over lunch and presented in PowerPoint.

October 10, 2012
After a union leader told RCN Radio that recent riots in Puerto Gaitan that killed three people were because “Pacific Rubiales has not kept its commitments”, the company was forced to issue a statement that this was not true. The company’s explanation fits the facts better: that a policeman ran over and killed a small child, the community wanted to lynch him, his fellow policemen defended him and a riot broke out.

October 10, 2012
After a union leader told RCN Radio that recent riots in Puerto Gaitan that killed three people were because “Pacific Rubiales has not kept its commitments”, the company was forced to issue a statement that this was not true.