News and AnalysIs for

Colombia’s Labor Ministry absolved Pacific Rubiales (NYSE:PRE) of any wrongdoing against claims from the Oil Workers Union (USO) that it had engaged in anti-union practices and fired employees for their union activity.

Ecopetrol (NYSE:EC) says that it signed CoP$14T (US$7.44B) worth of contracts with suppliers from January to September of this year, of which 92% went to Colombian companies.

More details emerged on the acquisition deal for Pacific Rubiales (TSX:PRE) to take over Petrominerales (TSX:PMG), as the companies published the information hours before the securities regulator Superfianciera ordered them to do so in a press statement.

Ecopetrol (NYSE:EC) had made offers to buy two shipments of gasoline and two of nafta for dilution, which should arrive in November.

GeoPark, Equion, the OBL, OBC and Raven have all made the local news for Corporate Social Responsibility (CSR) projects in oil production regions.

Promoting dialogue, attending to the community’s concerns and helping to resolve problems which affect residents is part of Ecopetrol’s (NYSE:EC) mission says its VP of HSE and sustainable operations, Óscar Villadiego. If only it was that easy.

The Bicentennial Pipeline (OBC), along with military personnel, civil authorities, Ecopetrol (NYSE:EC) delegates and aid organizations simulated an oil spill in order to identify readiness in the case of an actual emergency.

Ecopetrol (NYSE:EC) says that it has started a two week study into the seafloor of the RC-9 offshore block in the Department of La Guajira, emphasizing that it is following the procedures required to start exploratory drilling.

Canacol’s year end is June 30^th and it recently published its Annual Information form with Canadian securities regulators. Its proven reserves grew organically 24% and the Shona purchase allowed reserves to nearly triple.

Investors who bought any of the four oil stocks listed on the Colombian stock exchange on July 2^nd would be happy but those who bought Canacol will be especially happy.