News and AnalysIs for

Incidents were up slightly again this week but well within recent variation. Our 4-week Moving Average has dropped continuously since the week of October 20th, except for a small blip the week of December 1st. It now sits at 24 incidents per week down from a peak of 58 back in October.

Ecopetrol – the state-owned oil company and the only company with significant R&D investment, receives five new patents. From an Ecopetrol press release, translated and with commentary by Hydrocarbons Colombia.

According to a Central Bank report, the the oil, mining and quarrying sector accounted for over half of Foreign Direct Investment (FDI) in Colombia between January and September 2012. The commerce and hotels sector accounted for 9% while transport and communications accounted for 10% of FDI. The FDI for electricity, gas and water was 5% and 10% for manufacturing. Meanwhile, other sectors contributed 12% of the FDI.

For at least one day in 2012, the country achieved the goal of 1Mbd. From a MinMinas press release, translated and with comments

As a result of heavy rains, part of a pipeline near the village of Dosquebradas, collapsed, broke open causing a fire that killed several people and injured more. On about the one-year anniversary, Ecopetrol has issued a press release. Translated and with commentary by Hydrocarbons Colombia.

Incidents were down sharply again this week likely because the Armed Forces turned their attention to protecting tourists on the highways and away from discovering and destroying guerilla infrastructure. Our 4-week Moving Average has dropped continuously since the week of October 20th, except for a small blip the week of December 1st. It now sits at 28 incidents per week down from a peak of 58 back in October.