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Intense competition for investor dollars

We talked to an investment fund manager who has been around the Colombian and Latin American petroleum industry for a long time. He helped fund the early years of many producers in the region and at one time was heavily invested in engineering and services firms.

Thursday, August 1st, 2013
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Heavy Crude Oil Markets Monthly Report for August 2013

Maya and Castilla

Mexico’s Maya was adjusted according to the recent WTI-Brent changes in the differential (as part of the price re-connection process due to the reversal and expansion of some key pipelines), which also has a direct effect in WTS, one of the main components of the Mexican heavy grade price formula.

Thursday, August 1st, 2013
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OBC plans two changes to route of 2nd phase

The Bicentennial Pipeline (OBC) will alter the route of the second phase of the project in search of better security conditions, as well as considering geographical, environmental and logical issues.

Thursday, August 1st, 2013
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Senator introduces bill to require environmental permit for seismic exploration

Colombian senator Martiza Martínez introduced a legislative bill that would establish a law requiring that seismic exploration for oil reserves first receive an environmental license to move forward.

Thursday, August 1st, 2013
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Looking past pay and supply issues, PDVSA looks to extend Colombia gas imports

Venezuela’s need for gas may prompt its NOC PDVSA to attempt to extend the contract it has with Ecopetrol past its current expiration date of 2014. How Colombia’s supply or problems in payments for the gas could change as a consequence still remains a question.

Wednesday, July 31st, 2013
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Talisman says Colombia production on target, but faces delays

Talisman Energy says that production in Colombia met production targets for the second quarter of 2013, but is facing delays due to community issues and “surface access issues”.

Wednesday, July 31st, 2013
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