News and AnalysIs for

For the past several months, we have been publishing the Friday closing prices for WTI and Brent. Nothing radical there but we have also been making qualitative and quantitative comments about Colombian oil prices.

Colombia or at least its investor-class has been shocked by the collapse of the country’s largest broker, Interbolsa. There is a remote and probably irrelevant connection with PetroNorte, but the surprise has been Mansarovar.

There are many arguments about whether the 2012 Round (Phase I) was a success or failure but with only 5 of 30 blocks assigned there is no doubt about the non-conventional blocks.

We attended the first pass at the 2012 Round on Wednesday October 17th. There will be a second round on November 28, 2012 where the same pre-qualified companies will have a chance to bid on blocks left unassigned in the completed phase.

Now available — Our exclusive report for Inner Circle members

Featured commentary by ex-MinMinas Luis Ernesto Mejia. Also performance statistics from the National Environmental Licensing Agency.

On Cenit
HCC-The oil industry says that due to transport problems (caused by under-capacity) Ecopetrol’s reputation was being negatively affected by prioritizing its own crude first and then, if there was left over capacity, grant some to others .

There is a graph making the rounds of the Colombian oil and gas industry, discussed at meetings, drawn on napkins over lunch and presented in PowerPoint.

October 10, 2012
After a union leader told RCN Radio that recent riots in Puerto Gaitan that killed three people were because “Pacific Rubiales has not kept its commitments”, the company was forced to issue a statement that this was not true.

A statistical overview of the industry in slide format.

The recent cabinet shuffle changed six posts – Finance, Health, Interior, Transport, Mines and Energy and Environment. Finance and Health have only an indirect impact on the hydrocarbons industry, much as they might have on any industry.