Meta Petroleum News

Reuters - A unit in Colombia of Toronto-based oil firm Pacific Rubiales launched a tender to sell two 1-million-barrel cargoes of heavy Castilla crude for delivery in April, according to an invitation seen by Reuters on Monday. Pacific sold to Norway's Statoil one 500,000-barrel cargo of Colombian Vasconia medium crude earlier this month and offered on the open market a cargo of Castilla crude that will be delivered at the end of March. The first Castilla cargo being offered this time will be loaded at Covenas port between April 1 and April 15 and the second one will be delivered in the second half of the month. Bidders should submit offers indexed to WTI or Brent front month prices until March 4, the company said.

EXMAR has teamed up with Pacific Rubiales to build a small-scale LNG export project in northern Colombia. The Colombian-Canadian exploration and production player and EXMAR have begun front-end engineering and design for the scheme. Plans involve building a small liquefaction barge and a pipeline from the company’s La Creciente gas field to the Caribbean coast and shipping to the targeted markets. The project is targeting Caribbean and Central American markets. Pacific Rubiales…