News and AnalysIs for

September 19, 2012 3pm Eastern, 1pm Calgary, 2pm Bogota
We don’t normally write about global oil prices except on the weekends when the roller-coaster ride is over for 48 hours and there is time to sit back and reflect.

In a Global Energy Development PLC press release, the company announced its plans for both conventional and non-conventional operations in Colombia, through its subsidiary Colombia Energy Development.

Colombia’s two largest oil and gas companies scored well in the Dow Jones Sustainability Index-World as compiled by the Swiss firmSustainable Asset Management (SAM). In a press release, Ecopetrol announced that

Extracted from an Environment Ministry press release. Translated and with commentary by Hydrocarbons Colombia.

From a press release by MinMinas. Translated and with commentary by Hydrocarbons Colombia.

MME, Bogotá, September 17, 2012. Eleven investment projects that will benefit the departments of Arauca, Guanía, Guaviare, Meta and Vaupés, were approved on Monday during a meeting of the College of Management and Decision (OCAD) of the Llanos, chaired by the Minister of Mines and Energy, Federico Renjifo.

Petroamerica reports in a press release that the Las Maracas-4 well Los Ocarros Block Llanos Basin was producting 1,500 bpd of 30 degree API oil. They say it could produce 2,000 bpd but the trucks cannot get in and out fast enough because of a rig coming in for exploratory drilling and a workover rig moving out.