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Petroamazonas is globalizing and looking at Colombia

Bottom Line: A state-owned company looking mostly to work with other state-owned companies like Ecopetrol. Probably not much opportunity for private companies except at high political risk.

Thursday, July 19th, 2012
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Ecopetrol press release: Ecopetrol and Panatlantic sign exploration agreement Brazil

Bogota, July 18, 2012 Bottom Line: We do not normally track non-Colombian announcements but Ecopetrol is no ordinary Colombian oil and gas company. It’s CAPEX decisions have a huge impact on the country’s hydrocarbons industry.

Thursday, July 19th, 2012
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Ecopetrol Board approves transfer of assets to Cenit

Bottom Line: Cenit moves beyond being a press release to being a real company. The Board of Ecopetrol has authorized management to do the transactions but none of the assets has yet been transferred.

Thursday, July 19th, 2012
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What happened to oil stocks in the Colombian Stock Market?

July 17, 2012 There are four oil companies in the Colombian stock market: state-owned Ecopetrol, Pacific Rubiales, Petrominerales and Canacol.

Thursday, July 19th, 2012
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At June 24,491 new vehicles have Natural Gas: Minminas

Bottom Line: Gas conversions are up as are gas connections overall. Until some of the LNG export plans come on line, local demand will drive producer revenues.

Thursday, July 19th, 2012
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Colombia growing in clean energy: Minister Mauricio Cardenas

Bottom Line: Local demand for hydrocarbons and coal remain important especially for gas. MinMinas continues with the theme of child labor in traditional mining.

Thursday, July 19th, 2012
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