July 23, 2012 • Seven oil discoveries in the Caño Sur Block. • Initial results show an average production of 434 barrels stabilized oil per day of 13.4° API.
July 24, 2012 By Hydrocarbons Colombia Colombian business magazine Dinero.com reports that Equión’s exploratory drilling at the Mapalé-1 well is postponed until further notice because of bad weather.
Bottom Line: Another terrorist attack causes an environmental emergency because there are no contingency plans. Occidental must respond.
Bottom Line: This is a different incident caused by crude oil theft by unknown parties rather than an attempt to destroy the pipeline.
July 19, 2012 Business newspaper Portafolio reports that after 49 days of talks with the directors of the company, the workers of the La Jagua Coal mine, operated by Prodeco (a subsidiary of Switzerland’s Glencore), yesterday morning began an indefinite strike.
July 20, 2012 The formation of Strategic Mining Reserves was always going to be a triple balancing act:
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