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Natural Gas Development Fund approves 7 new projects

Resources from this fund were approved for financing 7 of natural gas networks and connections infrastructure projects by Resolution 180 458 (August 2012). From a MinMinas press release. Translated, edited and with commentary by Hydrocarbons Colombia.

Saturday, November 3rd, 2012
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Colombian Natural Gas Association Business Roundtable

The Colombian Natural Gas Association (Naturgas) will hold a business roundtable with producers, distributors and entrepreneurs to look for innovative business opportunities. The event will be held in Bogota on November 15/16, 2012. From a Naturgas press release. Translated and with commentary by Hydrocarbons Colombia.

Thursday, November 1st, 2012
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Ecopetrol and Chevron announce maintenance at Chuchupa field in La Guajira

Ecopetrol and Chevron will upgrade the compression facilities at the Chuchupa field to increase its daily gas production. For this, the field will be off-line from October 30th to November 3rd. More maintenance will take place at the end of the month. From an Ecopetrol press release, translated and with commentary by Hydrocarbons Colombia.

Tuesday, October 23rd, 2012
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Crude Oil Price Trends Week ending October 12 2012

Crude Oil Price Trends Week ending October 12 2012

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

Sunday, October 14th, 2012
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Colombian Crude Oil Prices 2Q12

Colombian Crude Oil Prices 2Q12

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.

Sunday, October 14th, 2012
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Shona Energy reports LNG deal with Altenesol

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.

Thursday, October 11th, 2012
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Ecopetrol opens gas processing plant in Norte de Santander

October 9, 2012 From an Ecopetrol press release. Translated and with commentary by Hydrocarbons Colombia.

Wednesday, October 10th, 2012
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August Colombian exports fall 7.6% year-over-year — Extractive sector down 17%

The Colombian Statistical Institute reports that Colombian exports fell 7.6% in August 2012 year-over-year because of a 17% drop in exports from the extractive industries. Crude oil exports were down 14.7% in volume.

Wednesday, October 10th, 2012
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Natural gas distributors’ association assures there is no price increase

NO INCREASE IN PRICES OF NATURAL GAS: NATURGAS

Bogotá, September 23, 2012. In response to the information presented in yesterday which claims that there will be a 10% increase in gas prices, Naturgas states that currently there will be no in any of the components that make up the rate users pay for gas.

Thursday, September 27th, 2012
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Saudi Arabia pledges to pump more oil and prices fall off a cliff

September 19, 2012 3pm Eastern, 1pm Calgary, 2pm Bogota
We don’t normally write about global oil prices except on the weekends when the roller-coaster ride is over for 48 hours and there is time to sit back and reflect.

Thursday, September 20th, 2012
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