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ANH moving to terminate Interoil Cor-6, LLA-47 licenses

ANH moving to terminate Interoil Cor-6, LLA-47 licenses

Interoil (OL:IOX) says that the National Hydrocarbons Agency (ANH) wants to terminate two of its production licenses for the LLA-47 and COR-6 blocks over unpaid bank guarantees and breach of contract. The company says that in COR-6 social and environmental conditions make work impossible.

Thursday, October 16th, 2014
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After community rejection of Crypto block, Parex responds

A number of villages in Yopal have rejected Parex Resources (TSX:PXT) Crytpo-1 project on grounds it would affect the water supply, while the company says the community will not hear their side of the story and assures the water would be safe.

Wednesday, October 15th, 2014
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Ecopetrol ethanol refinery delays reach the political stage

Problems surrounding an ethanol plant that is to be built by Ecopetrol’s (NYSE:EC) biofuels unit Bioenergy have made their way to the Colombian Senate, and Senate Martiza Martínez wants ECP president Javier Gutiérrez and Bioenergy manager Aleck Santamaría de la Cruz to explain the status of the plant.

Tuesday, October 14th, 2014
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New ECP VP talks decentralization

Ecopetrol’s (NYSE:EC) new regional vice president Francy Ramírez Arroyave has taken her post and looks to strengthen the company’s regional presence and autonomy, while at the same time staying aligned with larger corporate objectives like growing overall production.

Thursday, October 9th, 2014
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Biofuels refining, Ecopetrol’s latest headache

Add biofuels refining to the list of problems that Ecopetrol (NYSE:EC) has racked up, with a planned plant facing a familiar trend of labor issues, overrun budgets, and delays.

Wednesday, October 8th, 2014
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PRE says no plans to exit Colombia, will invest US$1.7B in 2015

Pacific Rubiales (TSX:PRE) has no plans to sell its assets in Colombia or leave the country, and plans to invest US$1.8B to strengthen its operations in the country.

Wednesday, October 8th, 2014
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Ecopetrol considering regasification plant

Ecopetrol (NYSE:EC) is considering building an additional regasification plant in order to protect against supply deficits that could affect the country starting in 2018.

Tuesday, September 30th, 2014
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Perenco responds to protesters in Aguazul

After more than a month of protests from the Tesoro de Bubuy village in Aguazul, Casanare, oil operator Perenco has issued a statement to local media contesting allegations by protesters, which it says are merely a tool to obtain greater concessions from the company despite past agreements.

Monday, September 29th, 2014
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Canacol closes out a positive FY14

Canacol closes out a positive FY14

Canacol Energy (TSX: CNE) has reported its Fiscal Year 2014 results (ending June 2014), reporting growth in its proven reserves, production and turning around its bottom line.

Wednesday, September 24th, 2014
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Ecopetrol receives license for Mago field

Ecopetrol receives license for Mago field

Nearly four years after announcing the discovery, Ecopetrol (NYSE:EC) has received the environmental license it needs to start more drilling at its Mago-1 well location near Puerto Gaitan, Meta.

Wednesday, September 17th, 2014
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