July 11, 2012 A number of Latin American business papers and websites have picked up an EFE story that the Brazilian state oil company Petrobras will invest US$700M through 2016 in the exploration of an offshore gas platform.
Bottom Line: Natural gas suppliers making the point that environmental and health costs tip the balance in favor of gas over coal despite higher costs per BTU.
Bottom Line: Emerald Oil has not pumped crude for four months since a young driver was killed in a FARC attack on a truck convoy.
Bottom Line: The Catholic Church holds much more political and social power in Colombia than in other countries and frequently pronounces on issues of the day.
Bottom Line: Reactions by industry leaders to the killing of 5 Ecopetrol contractors in Putumayo this week.
Bottom Line: The Colombian domestic market is unbalanced with respect to supply so the government – and Pacific Rubiales – are looking to export.
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