Search for your article of interest

Recent News

Mansarovar, Colombian Oil Production October, Corporate Results Inner Circle Summary for Nov 11

Colombia or at least its investor-class has been shocked by the collapse of the country’s largest broker, Interbolsa. There is a remote and probably irrelevant connection with PetroNorte, but the surprise has been Mansarovar.

Sunday, November 11th, 2012
Usefulness:

Tuscany Drilling says drilling activity picking up in Colombia

A few weeks ago Baker Hughes pinned part of the blame on Colombia for a slowdown in Latin American rig activity. Today Tuscany Drilling gave its 3Q12 results and the story was consistent although more nuanced and ended on a more positive note.

Thursday, November 8th, 2012
Usefulness:

MinMinas launches voluntary program to reduce methane emissions in hydrocarbons sector

MinMinas announces a Global Warming related initiative directed at the hydrocarbons industry. On November 19, 2012, the ministry will hold a workshop. The program is voluntary but …Translated from a MinMinas press release with commentary by Hydrocarbons Colombia.

Thursday, November 8th, 2012
Usefulness:

Maurel and Prom with production in holding pattern pending ANH approval

French oil and gas company, Maurel and Prom, has a small amount of production in Colombia (498 bpd net of royalties in 3Q12). It is in an exploration agreement with Pacific Rubiales in a 49.99:51.01 deal whereby Pacific picks up the exploration expenses. The company’s description of its production in the country is unusually specific so we thought it interesting to publish. In this case the challenge is not environmental approval but approvals from the ANH to put a confirmed well into production.

Thursday, November 8th, 2012
Usefulness:
Another blockbuster operating quarter for Pacific Rubiales

Another blockbuster operating quarter for Pacific Rubiales

CEO Ronald Pantin was giving almost real time production measurements during the 3Q12 conference call to show that the company’s quarterly results were not only sustained in the fourth quarter but getting stronger. Production, revenue, EBITDA and cash flow were all up in 3Q12 year-over-year, showing Pacific Rubiales strong operating performance. In particular, oil and gas production was up over 5% sequentially in Colombia while production for the industry as a whole was down 1%.

Thursday, November 8th, 2012
Usefulness:

Ecopetrol reports US$521M investment in Barrancabermeja refinery

As reported by La República, Ecopetrol estimates that by the end of 2012 it will have invested CoP$951,000M at its refinery in Barrancabermeja (Santander). The investment has been earmarked for equipment replacement, maintenance and inspections. Thus Ecopetrol has ensured the operation of turbo generators, power lines, substations, boilers and other major operating systems within the refinery.

Wednesday, November 7th, 2012
Usefulness: