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After community pressure, Ecopetrol suspends NFE Backland Project in Cupiagua

Ecopetrol (NYSE:EC) has suspended its NFE Backland project, involving a new well in the Cupiagua field, after it received ‘undue pressure’ from the community over local hiring and its social investment, which the NOC says exceeded expectations.

Thursday, January 23rd, 2014
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UPDATED No surprises: New Ecopetrol Board of Directors

There was lots of speculation leading up to the Ecopetrol (NYSE:ECP) Special Assembly today. However it was anticlimactic in the final result.

Thursday, January 23rd, 2014
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PetroTiger feels victimized as well

We were offered an opportunity to interview PetroTiger board chairman, Mauricio Camargo who wanted to give the company’s position on the case of former executives accused in the US of bribing a now ex-Ecopetrol employee.

Wednesday, January 15th, 2014
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Gran Tierra investing US$247M in Colombia in 2014

Gran Tierra investing US$247M in Colombia in 2014

Gran Tierra Energy (NYSE:GTE) will invest US$243M into its operations in Colombia, which amounts more than half of its planned investment for 2014 across all of its operations. The investment will primarily go towards 12 wells

Wednesday, January 15th, 2014
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MinMinas addresses PetroTiger case

A corruption scandal involving a pair of US former PetroTiger executives who paid an now ex-Ecopetrol (NYSE:EC) engineer more than US$300,000 to win a nearly US$50M contract has rattled Colombia’s oil industry, and the Ministry of Mines and Energy (MinMinas) issued a thorough release in which it establishes the engineer was working as a rogue and that the NOC is another victim.

Tuesday, January 14th, 2014
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Talisman planning US$300M in investments in 2014

Talisman Energy (NYSE:TLM) is planning to invest US$300M in its operations in Colombia, with an eye on developing identified reserves in the Llanos Orientales CPO-9 and CPE-6 blocks.

Monday, January 13th, 2014
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PRE looks to convince in 2014 outlook

Canada’s Pacific Rubiales Energy (TSX:PRE) looked to convince the market that it has a bright future past the looming decline of its flagship and namesake field, Rubiales, and has a plan to cash in on its mid-stream assets to convince a skeptical equity market.

Thursday, January 9th, 2014
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Pacific Rubiales takes a leap

Pacific Rubiales takes a leap

If Ecopetrol (NYSE: EC) brought CAPEX back home, Pacific Rubiales (TSX: PRE) did the opposite, raising exploration investment outside Colombia by 67%.

Thursday, December 19th, 2013
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Ecopetrol brings it back home

Ecopetrol brings it back home

Ecopetrol’s board recently approved the company’s CAPEX budget as we reported yesterday in an article that focused on the Refining and Petrochemical business. Today we step back to look at the panorama.

Wednesday, December 18th, 2013
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Ecopetrol unveils US$10.6B Capex plan for 2014

Ecopetrol (NYSE:EC) announced its Capex plan for 2014, with the NOC focusing nearly all of its US$10.6B within Colombia and its wholly owned projects as the firm looks to keep production levels in line with government goals in an election year.

Tuesday, December 17th, 2013
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