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.
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.
This shows prices to October 12th. WTI Closing US$91.64 up 1.9%; Brent Closing US$114.62 up 1.9%.
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.
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.
October 9, 2012 From an Ecopetrol press release. Translated and with commentary by Hydrocarbons Colombia.
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.
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.
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.
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