Incidents near areas of interest to the oil and gas industry were back up this week to 38 above recent and long-term averages. Non-Armed Forces incidents were significantly above average at 27%. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was up to 35.0 but the 52 week average was down although essentially unchanged at 33.9 incidents per week.
During Pacific Rubiales Energy (TSX:PRE) call to discuss its third quarter 2013 results the company’s CEO Ronald Pantin sought to convince analysts that its production portfolio will be sufficiently diverse by the time its flagship field, Rubiales, starts to decline.
In order to finance road maintenance and improvements the Casanare secretary of public works and transport, Wilson Arenas, has proposed a toll system that would charge all oil tanker truckers using the public roadways.
Since May the peace talks in Havana have yet to render any solid agreements, but this week Farc and government negotiators announced common ground on the second of five agenda points: political participation.
Ecopetrol’s (NYSE:EC) president Javier Gutiérrez said that the Asian market is emerging as a key receiver of Colombian oil while the US increases its self sufficiency in energy matters, and says the country is competitive in the Orient.
Talisman Energy (TSX:TLM) says that following advances in environmental licensing and exploration activity in the blocks CPE-6 and 9, the firm expects Colombia to form an important part of its operation looking forward.
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