Another postponed decision and conflicting reports on the performance of Pacific Rubiales’ (TSX:PRE) secondary recovery technology Star have shrouded the project, which is the operator’s main bet for its namesake Rubiales field, in uncertainty.
Russian president Vladmir Putin made his nation’s support for the peace process in Havana official this week during the sixth BRICS Summit held this week in Brazil’s capital of Brasilia. Putin’s support is thought to bring a symbolic counterweight to the table as a force that could have greater weight with the Farc guerrillas.
Parex (TSX:PXT) is establishing a summer-time tradition of updating its reserves every June. This year is no exception and this time, appropriately, the figures incorporate its acquisition of Verano Energy Ltd (‘Verano’ is the Spanish word for ‘summer’.)
GasThe International Finance Corporation (IFC), part of the World Bank, is leading the financing of US$240M in debt for a floating liquid natural gas plant (LNG) in the Caribbean being built by Pacific Rubiales Energy (NYSE:PRE), the first of its kind in the world.
The National Hydrocarbons Agency (ANH) will exclude parámos, or high-mountain tundra- from blocks being offered in the upcoming Colombia Round 2014.
While acknowledging that there are long delays in the implementation of royalty projects, which do not always go to the greatest needs, the new system has ended the “super scandals” associated with royalty abuse and corruption.
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