News and AnalysIs for

Sounding like something from a Transformers movie and merging the acronym ‘OCAD’ (for the initials in Spanish of the boards that approve projects looking for royalty money) and ‘marathon’, the invented word ‘OCADton’ is supposed to reassure local municipalities that the process is working faster in 2013. From a DNP press release, translated and with commentary by Hydrocarbons Colombia.

It is not easy but it certainly looks that way when production rises over 40% year-over-year and over 50% sequentially. Revenue, Net Income, Cash are all up over last year. Even 44 days of TransAndino Pipeline interruptions could not prevent Gran Tierra from having a grand quarter.

On Tuesday, local news portal Prensa Libre Casanare reported that, through the mediation of a delegate of the Ministry of Interior, residents of the Monterrey and Aguazul communities lifted the block on the Cupiagua field, which is controlled by Ecopetrol. According to Luis Eduardo Cardozo, a spokesman for the protesters, the blockade was lifted but the community is still unhappy: “We demand social investment, labor supply and procurement of goods and services,” he said.

Company NewsPetrominerales announced that it has acquired 87.5% of the Canaguaro block, south of Yopal in Casanare near other Petrominerales properties.

We thought this ANH announcement that appears on both the MinMinas and ANH websites was important because it describes a change in procedure for applications and permits as of May 3, 2013. The changes were announced over a year ago but take effect this month. Translated by Hydrocarbons Colombia.

Photo: MinMinas
MinMinas Federico Renjifo has a big smile as he helps an unidentified citizen of Valle de Cauca cook on her new gas stove. Maybe it is a sign that he believes more in the concept that there are over 16 years-worth of gas reserves than the concept that the country will run be in shortages by 2019. From a MinMinas press release, translated and with commentary by Hydrocarbons Colombia.