Parallel to the process to receive victims of Colombia’s long standing armed conflict, Farc and government peace delegates have agreed to form a sub-commission that will approach the idea of a definitive bilateral cease fire.
Gran Tierra Energy (TSX:GTE) say its overall production fall by 8% sequentially and 9% yearly to reach 20,121boed in the second quarter of 2014, after a protracted sales cycle for a new customer and pipeline disruptions in Colombia accounted for a drop of 1,293boed.
GasAfter a meeting between Colombian President Juan Manuel Santos and his Venezuelan counterpart Nicolas Maduro, authorities announced that Venezuela will extend its contract to import Colombian natural gas for another year to July 2015.
The General Controller’s office has issued a report that blames a number of manmade influences, including oil production, livestock and rice plantations, for the Casanare drought earlier this year, but singled out seismic activity and the drilling of wells as the main responsible action for the drought.
Ecopetrol (NYSE:EC) says violence and terrorist attacks in Catatumbo have forced it to move its office in the Convención municipality, despite the pleas of residents to stay.
Parex Resources (TSX:PXT) continues to grow its production organically and through acquisitions, and in the second quarter of 2014 posted an 8% increase sequentially and 29% increase year-over-year to reach 19,876bd.