Pacific Rubiales Energy Corp. declared that today it has provided an update on the construction of the oil pipeline that links the Rubiales field with the Monterrey station. The pipeline is being built and will be operated by “Oleoducto de los Llanos Orientales S.A.”, a special purpose vehicle organized for the pipeline project, which is [...]
Southern Pacific Resource Corp. declared that it has entered into a definitive agreement to acquire Saxony Petroleum Inc., a private Alberta-based oil and gas company so as to provide Southern Pacific with additional cash flow from conventional production as the Corporation continues to focus on the significant potential of its Alberta oil sands assets. For [...]
As part of it’s update on operations in Columbia, Pacific Rubiales Energy Corp. said that it has drilled 39 wells from January,2008 to September, 2008. Ronald Pantin, CEO of Pacific Rubiales said: We continue to deliver on all fronts, exploration and production, in the certainty that the successful execution of our strategy will bring focus [...]
Pacific Rubiales Energy Corp. announced the filing of independent reserve and resource assessment report about resource based of its target acquisition, Kappa Energy Holdings. Ronald Pantin, Chief Executive Officer, said: Given the commitment prices paid on the recent heavy oil licensing round and the increased interest demonstrated by our peers in Colombia, we are thrilled [...]
Pacific Rubiales Energy Corp. has been awarded two blocks in the heavy oil bidding round for Llanos basin in Colombia. Ronald Pantin, Chief Executive Officer of the company, was quotes as saying: We are very pleased with the results of the bidding round because it validates our strategy and confirms our commitment to develop heavy [...]
Get our independent commentary on heavy oil trends and companies delivered to your inbox.
