Monthly Archives: March 2011

This comment arrived. I think it may count as the first response from Pacific Rubiales to my e-mail of last week and my two blog posts of this week. Yes, the e-mail address listed is @yahoo.es. But according to WordPress’s … Continue reading →

Reader and friend H sends a couple of morning notes from South American investment banks regarding Pacific Rubiales (PRE.to/PREC.bo). It’s clear that the company wants to communicate very clearly that its miss on production and reserves in 2010 is over … Continue reading →

Just sayin. Me on Sunday: It’s a big deal for Venezuelan electricity consumers, who have come to depend on natural-gas-fired power plants. Reuters today: Widespread power failures hit Venezuela this week, leaving eight states including oil-producer Zulia without light for … Continue reading →

Devils Excrement gets around to the story before me. Just to add, they had already cut me off. I stopped receiving the reports after I published this analysis two months ago. Just a coincidence, I’m sure.

Continuing with Venezuela day: Anglo American Plc is the biggest foreign mining investor in Venezuela. Or it was, hard to say now that it has sold its stake in the country’s biggest coal mine.

While you were out: Longreef Investments A.V.V. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/11/5) Subject Matter: Coffee production facilities Crystallex International Corporation v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/11/2) Subject Matter: Mining company That makes 16 … Continue reading →

Reader and site friend CD points us to this story in the always fascinating Silla Vacia website about a brewing fight over Colombia’s offshore oil and natural gas exploration concessions. Long story short is they gave a concession that includes … Continue reading →

I had been working on a big post about the vast implications of the PDVSA pension plan’s Ponzi scheme problems. But now I know I don’t need to bother. After all, everything is under control. Minister Ramirez: Funds of the … Continue reading →

The big honkin pipeline that carries natural gas from Chevron’s Ballena field in Colombia to western Venezuela blew up yesterday. This is a big deal for Venezuela’s state oil company, which needs natural gas in order to maintain oil output … Continue reading →

Pacific Rubiales Corp., Colombia’s biggest private-sector oil company, earlier this month said it ended last year producing 183,000 193,000* barrels a day of oil, 19 percent lower than the 225,000 barrels a day the company had predicted in the “outlook” … Continue reading →