News and AnalysIs for

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.

October 11, 2012 From a MinMinas press release. Translated and with commentary by Hydrocarbons Colombia

October 10, 2012
From a MinMinas press release. Translated and with commentary by Hydrocarbons Colombia

October10, 2012
NOTE: This is a high level summary for general interest. Anyone participating in the round should have the official documents translated from the original Spanish. We assume no responsibility for problems which might arise using this article as a basis for decisions or actions by those participating in the auction. The National Hydrocarbons Agency (ANH) has published an agenda for October 17, 2012, the day that participants in the 2012 Round will present their offers in Cartagena. The agenda is:

October 10, 2012
From a MinAmbiente Press Release. Translated and with commentary by Hydrocarbons Colombia

A statistical overview of the industry in slide format.

October 10, 2012
In a press release, Shona Energy reports a deal to sell 17 MMCFD of gas to Altenesol’s Nataly I liquefied natural gas (“LNG”) Project. The deal is subject to agreement on price which will be in the range of  $4.50 to $5.25 per MCF and subject to annual escalation. The eventual agreement will be “take or pay” on both sides.

October10, 2012
NOTE: This is a high level summary for general interest. Anyone participating in the round should have the official documents translated from the original Spanish. We assume no responsibility for problems which might arise using this article as a basis for decisions or actions by those participating in the auction. The National Hydrocarbons Agency (ANH) has published an agenda for October 17, 2012, the day that participants in the 2012 Round will present their offers in Cartagena. The agenda is:

Source: MinEducation, Hydrocarbons Colombia
October 11, 2012
For the second straight year, petroleum engineers lead the Ministry of Education’s annual survey of outgoing graduates. The study looks at 2010 graduates and how they fared in 2011, whether they had a job, whether their education served them in their work and how much they were paid. The above chart shows that petroleum engineers were closely followed by geologists which shows how important mining and hydrocarbons are to Colombian growth. The two groups were nearly tied in starting salary — 31% higher than the third-ranked profession. They were nearly tied as well in success at finding a job: only about 5% failed to get a job in their first year.