August 14, 2012 Yesterday, the ELN released two Bicentennial Pipeline employees who had been kidnapped 19 days before from their homes in Saravena, Arauca.
August 14, 2012 The good news is that it appears the Fenoco coal railway strike is over.
Source: C&C Energy, Hydrocarbons Colombia C&C produced reasonably upbeat 2Q12 results with production up slightly (although essentially flat since 4Q11 or before) and netbacks down but only slightly more than prices were.
Source: Pacific Rubiales August 9, 2012 Given some of the glum news from the Colombian oil and gas industry recently, it was perhaps hard for the company not to crow on its 2Q12 conference call this morning.
Friday, the Ministry of Mines and Energy reported that Beatriz Uribe was stepping down from her post as President of the National Mining Agency “for personal reasons”.
August 10, 2012 On July 30th, Australian company Range Resources Ltd published its 2Q12 operational update. A considerable portion of the document was devoted to its new economic participation agreement with private company Petro Caribbean Resources Ltd “that will see the Company earn a 65% economic interest (option to move to 75%) in Blocks PUT-6 and PUT-7 in return for funding (on a cost recoverable basis) the commitments under the Production Sharing Agreement (“PSA”) with the National Hydrocarbons Agency of Colombia (“ANH”).”
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