Search for your article of interest

Recent News

USO news summary for the week ending December 7, 2012

This week the USO reported on its national assembly and its plans to create an occupational health department. More important is a news item on hearings in Villavicencio on the social and environmental impacts of the mining and hydrocarbons sectors in the department of Meta. A left-wing senator, Alexander López Maya told the hearing that working conditions in Puerto Gaitan were typical of a concentration camp. That’s strange considering that Pacific Rubiales told a conference on sustainable communities and petroleum last Friday that it had no community or labor relations issues in Puerto Gaitan. Although the truth is no doubt somewhere between zero and the Gulag archipelago, we are inclined to think it very much closer to the company’s point of view than one reported by the USO.

Monday, December 10th, 2012
Usefulness:

Oil sector issues hit the popular press

National business magazine Dinero has finally recognized the challenges facing the industry. The article points out that while the oil industry is one of the strongest in the country, there has been no major oil discovery recently, terrorist attacks on pipelines continue, there are delays with the environmental licensing (as we recently reported) and strikes and shut-ins in the oil fields.

Monday, December 10th, 2012
Usefulness:

November Production, Royalties, Communities, Transparency International Inner Circle Summary for Dec 9

The National Hydrocarbons Agency (ANH) announced that oil production in November was 970,632 bpd, although the figure had been reported even before the end of the month (which should raise questions about how it is calculated).

Sunday, December 9th, 2012
Usefulness:
Colombia scores well in Transparency International Ranking

Colombia scores well in Transparency International Ranking

The NGO Transparency International released its Corruption Perceptions Index 2012. The index scores countries on a scale from 0 to 100 where a 0 score indicates that a country is very corrupt and a 100 score indicates that it is very clean. None of the 176 countries included in the index got a perfect score.The graph here shows the ranking of all the countries in the study with lower ranked being better.

Saturday, December 8th, 2012
Usefulness:
Petroamerica and Parex make noise in Las Maracas field

Petroamerica and Parex make noise in Las Maracas field

With so much doom and gloom around the Colombian hydrocarbons industry it’s nice to celebrate some good news. The graph shows MinMinas reported gross production (before royalties and working interest) the Las Maracas field and Petroamerica’s recently reported November figure. Production is up over 500% since July.

Thursday, December 6th, 2012
Usefulness:
Petroleum infrastructure attacks up 5-fold during Santos reign

Petroleum infrastructure attacks up 5-fold during Santos reign

In our Inner Circle Exclusive Monthly Report for November we published MinDefensa figures that showed hydrocarbons infrastructure attacks were down to 196 in 2011 from 917 in 2002. The graph shows the importance of picking your measurement dates to make your point. The Defense Minister implied (but did not say) that there had been a steady decline from 2002 to 2011. We obtained this data for attacks on Ecopetrol and they clearly show a rather dramatic increase since 2010 – the start of the Santos presidency – from about 30 during the later years of Uribe’s second term to 150 as of the end of October 2012.

Thursday, December 6th, 2012
Usefulness: