Pacific Rubiales Energy Company News

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Pacific Rubiales Posts Record Drop as Alfa Takeover Bid Quashed
Pacific Rubiales Energy shares and bonds plunged the most on record after the Colombian oil producer's would-be suitors withdrew their takeover offer.
8:00 PM EST | July 08, 2015
Mexico's Alfa Says Offer for Pacific Rubiales is 'Fair and Final'
Alfa says the offer it and Harbour Energy have made to buy oil company Pacific Rubiales is "full, fair and final".
8:00 PM EST | June 25, 2015
InterOil Spuds Triceratops-3 Well in Papua New Guinea
InterOil Corporation announces that it has spud the Triceratops-3 appraisal well in Petroleum Retention License 39, located in the Gulf Province of Papua New Guinea.
8:00 PM EST | June 14, 2015
Spanish Billionaire Cortina Joins Venezuelans in Rubiales Tussle
Spanish billionaire Alberto Cortina has made his first foray into oil, joining a group of Venezuelan investors to demand a better buyout price for Colombian producer Pacific Rubiales Energy Corp.
8:00 PM EST | May 11, 2015
Alfa to Inherit Pacific Rubiales' Output Battle If Bid Prevails
If Alfa and Harbour Energy succeed in buying Pacific Rubiales Energy they'll also acquire the oil driller's battle to avert a steep production decline.
8:00 PM EST | May 07, 2015
Karoon Confirms Oil Discovery at Echidna-1 Well in Santos Basin
Karoon Gas confirms oil discovery at Echidna-1 exploration well in Block S-M-1102 in Santos Basin offshore Brazil.
8:00 PM EST | April 20, 2015
Karoon Gas Finds Hydrocarbons at Echidna-1 Well in Brazil's Santos Basin
Karoon Gas finds hydrocarbons at Echidna-1 exploration well in Block S-M-1102m, Santos Basin, offshore Brazil.
8:00 PM EST | April 12, 2015
Olinda Star Semisub to Drill Kangaroo West-1 Well in Santos Basin Soon
The Olinda Star semisub will move to drill the Kangaroo West-1 exploration well in Block S-M-1165 in Santos Basin, offshore Brazil after completing work at the Kangaroo-2 appraisal well.
8:00 PM EST | March 19, 2015
Colombia Oilfield Move Challenges Ecopetrol, Canada's Pacific Rubiales
A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Pacific Rubiales to replace the future loss of nearly half its production.
8:00 PM EST | March 15, 2015
Caribbean FLNG Facility Undergoes Commissioning, Delivery by End of 2Q 2015
Newbuild Caribbean FLNG facility undocks at Wison Offshore & Marine's Nantong yard in China ahead of delivery to Colombia by the end of June 2015 quarter.
7:00 PM EST | November 19, 2014
Karoon Plans $150M Brazil Oil Well Drilling Plan, Seeks Partner
Karoon Gas Australia is trying to sell a stake in its Brazilian offshore oil-exploration blocks as it plans to start a $120 million to $150 million drilling program, its top South American executive says.
8:00 PM EST | October 30, 2014
Pacific Rubiales, Pemex Set 3-Year Cooperation Deal In Mexico
Pacific Rubiales signs a three-year deal to analyze potential oil and gas cooperation in Mexico with Pemex.
8:00 PM EST | October 16, 2014
Discoveries, Acquisitions Boost Pacific Rubiales Oil Resources 45%
Pacific Rubiales says its oil resources estimate from exploration blocks had risen 45% to 6.2 billion barrels of oil equivalent by the end of March versus its 2012 estimate.
8:00 PM EST | August 24, 2014
Karoon Contracts Olinda Star Semisub to Drill at Kangaroo Field Off Brazil
Karoon Gas contracts Olinda Star semisub for drilling at the Kangaroo oil field offshore Brazil.
8:00 PM EST | July 13, 2014
Wison Clinches Deal to Supply FLNGRU to Exmar, Pacific Midstream JV
Wison Offshore & Marine clinches a contract to supply a floating liquefied natural gas regasification unit to a 50/50 joint venture between Exmar and Pacific Midstream Holding Corp.
7:00 PM EST | February 11, 2014
Pacific Rubiales Eyes 25% Jump In Its Colombian Crude Output
Pacific Rubiales expects to pump between 15 to 25% more oil in Colombia in 2014, with output boosted by the acquisition last year of former rival Petrominerales Ltd.
7:00 PM EST | February 05, 2014
Pacific Rubiales Targets Oil And Gas Output Growth of 15-20%
Pacific Rubiales, the largest private oil producer in Colombia, says it is targeting 15-20% growth in production in 2014.
7:00 PM EST | December 17, 2013
Wison Installs Topsides Liquefaction Equipment on Caribbean FLNG Project
Wison Offshore & Marine commences installation of the topsides liquefaction equipment on the Caribbean floating liquefied natural gas project at its yard in China.
7:00 PM EST | December 09, 2013
Pacific Rubiales Updates Drilling Ops at Bilby Well
Pacific Rubiales provides an operations update on the Bilby-1 exploration well, drilling on block S-M-1166, in the Santos Basin, offshore Brazil.
8:00 PM EST | May 26, 2013
Pacific Rubiales Sees 55% Increase in Prospective Resources
Pacific Rubiales announces the results of an independent resource assessment for its exploration blocks in Colombia, Peru, Brazil, Guyana, Guatemala and Papua New Guinea.
8:00 PM EST | April 14, 2013
Pacific Rubiales Farms-In to Bilby Well Offshore Brazil
Pacific Rubiales Energy exercises its option to acquire a stake in a Santos Basin block offshore Brazil.
8:00 PM EST | March 27, 2013
InterOil Finalizes PNG Farm-In Deal with Pacific Rubiales
InterOil completes the farm-in transaction with Pacific Rubiales relating to its acquisition of a participating interest in PPL 237 onshore Papua New Guinea.
8:00 PM EST | March 24, 2013
Pacific Rubiales Receives Environmental OK for Quifa Expansion
Pacific Rubiales announces that the environmental permits for expansion activities in the Quifa Hydrocarbon Exploitation Area have been granted by ANLA.
8:00 PM EST | March 21, 2013
Pacific Rubiales Makes 'Important' Find in Colombia Basin
Pacific Rubiales discovers natural gas and condensate in the Manamo-1X exploration well drilled in the Guama Block in the Lower Magdalena basin.
7:00 PM EST | February 20, 2013
Wireline Evaluation Confirms Oil Find in the Kangaroo-1 Exploration Well
A wireline evaluation program confirms the previously announced light oil discovery in the Kangaroo-1 exploration well on block S-M-1101 offshore Brazil.
7:00 PM EST | January 30, 2013
Peru Authorizes Amendment to Block Z-1 License
BPZ Energy reports that the Peruvian government has signed the Supreme Decree authorizing Perupetro to execute the amendment to the Block Z-1 License to add Pacific Rubiales Corp. to the Z-1 License Contract.
7:00 PM EST | December 30, 2012
Pacific Rubiales Reports on Processing Permits in Colombia
Pacific Rubiales currently has 12 major licensing processes that are in front of the ANLA.
8:00 PM EST | September 17, 2012
Pacific Rubiales to Ramp Up Production at Quifa North
Pacific Rubiales receives commerciality approval from the Quifa Association Executive Committee, for a portion of the Quifa North block, to be called the Cajua field.
8:00 PM EST | August 15, 2012
Pacific Rubiales to Boost Production at Llanos Basin Field
Pacific Rubiales receives the required environmental license from ANLA to increase water injection by an additional 400,000 bpd at its Rubiales onshore oil field in Colombia.
8:00 PM EST | August 08, 2012
InterOil to Farm-In PNG Interest
InterOil has executed a Farm-In Agreement and related documents with Pacific Rubiales relating to its acquisition of a participating interest in Petroleum Prospecting License 237 onshore Papua New Guinea.
8:00 PM EST | July 29, 2012
Pacific Rubiales to Steer Portofino Block
Pacific Rubiales has signed binding letters of agreement with Petrolera Monterrico to acquire a 40% participating interest and with Canacol to acquire operatorship of the onshore Portofino exploration.
8:00 PM EST | July 23, 2012
Pacific Rubiales to Buy PetroMagdalena in All-Cash Offer
Pacific Rubiales has offered to acquire all of the issued and outstanding common shares of PetroMagdalena.
8:00 PM EST | June 04, 2012
Wison Wins EPCIC Contract for Pacific Rubiales FLRSU
Shanghai-based Wison Offshore & Marine Ltd. is awarded a contract by the Exmar group for engineering, procurement, construction, installation and commissioning of the world's first FLRSU.
8:00 PM EST | May 31, 2012
Pacific Rubiales Goes Onshore Papua New Guinea for $345M
Pacific Rubiales Energy signs a binding agreement with InterOil Corp. to acquire a 10 percent interest in PPL237 onshore Papua New Guinea.
8:00 PM EST | April 29, 2012
Pacific Rubiales Acquires Stake Offshore Peru
Pacific Rubiales has reached an agreement with BPZ Resources to enter into a series of transactions ultimately resulting in the acquisition of beneficial ownership of a 49% undivided participating interest in the Z-1 block, offshore Peru.
8:00 PM EST | April 26, 2012
Americas Ahoy for Floating Liquefaction?
The FLNG community are closely watching Shell's Prelude project in Australia's deepwater Browse Basin as it stands to serve as a template for the world's first floating liquefaction facility to exploit remote offshore gas reserves.
8:00 PM EST | April 24, 2012
Pacific Rubiales Ramps Reserves by 52% in 2011
"We look at these reserves reports for 2011 as a clear demonstration of the robustness of our... business strategy. The 52% reserve growth is very strong, driven by the 83% exploration success rate," said Jose Francisco Arata.
7:00 PM EST | February 22, 2012
Pacific Rubiales Hits Gas Pay at Colombia Block
Pacific Rubiales announced the discovery of natural gas and condensate in the Cotorra-1X exploration well, drilled on the Guama Block in the Lower Magdalena basin.
7:00 PM EST | February 14, 2012
Maurel & Prom, Pacific Rubiales Bring Wells Online in Colombia
The complementarity of the Maurel & Prom and Pacific Rubiales Energy's skills allowed Maurel & Prom Colombia to bring into production, on December 17, 2011, the Sabanero field's two wells.
7:00 PM EST | January 18, 2012
Pacific Rubiales Concludes Drilling Ops at Putumayo Basin
Pacific Rubiales announced the end of drilling operations at the Yaraqui-1X well, located in the Topoyaco block, in the foothills of the Putumayo Basin.
7:00 PM EST | November 20, 2011
Pacific Rubiales to Invest in Guyana
Pacific Rubiales has agreed to purchase 58,720,000 common shares in the capital of CGX Energy at a price of C$0.70 per common share for an aggregate investment of C$41,104,000.
8:00 PM EST | October 13, 2011
Pacific Rubiales, Maurel & Prom Enter JV for Peru Exploration
Pacific Rubiales has signed a letter of intent with Maurel & Prom pursuant to which the Company has acquired a 50% working interest in the exploration contract for Block 116 located in Peru.
8:00 PM EST | October 11, 2011
Pacific Rubiales Ramps 2P Reserves in Llanos Basin
Pacific Rubiales' net proved and probable reserves (2P) have grown to a total of 350 million barrels of oil equivalent as of the evaluation dates.
8:00 PM EST | October 03, 2011
Pacific Rubiales Restarts Colombian Ops
Pacific Rubiales has commenced the process of restarting operations at the fields and expects to have production back to normal levels within a week.
8:00 PM EST | September 21, 2011
Rubiales Aims to Restart Output As Colombian Protests Loom
Labor protests against Pacific Rubiales a Toronto-based firm that has emerged as the leading emblem of Colombia's oil boom, could derail a surge in crude output in the Andean nation.
8:00 PM EST | September 20, 2011
Pacific Rubiales Appoints Senior VP, Investor Relations
Pacific Rubiales announced the appointment of Christopher (Chris) J. LeGallais as the Company's Senior Vice President, Investor Relations.
8:00 PM EST | August 01, 2011
Pacific Rubiales Receives Environmental Permit for Quifa Wells
Pacific Rubiales announced that Colombia's Ministry of the Environment recently granted the Company the requisite environmental permits for Quifa Southwest and Quifa North.
8:00 PM EST | July 11, 2011
Drilling Commenced at Pacific Rubiales' Colombia Well
Pacific Rubiales has begun drilling the Torodoi 1-X exploration well, targeting Tertiary and Cretaceous reservoir formations in the Arauca Block situated in the Llanos Basin of Colombia.
8:00 PM EST | July 10, 2011
Pacific Rubiales Declares Cash Dividend
Pacific Rubiales announced a cash dividend in the aggregate amount of US $25,000,000.
8:00 PM EST | June 12, 2011
Pacific Rubiales Increases Revolving Credit Facility
Pacific Rubiales has closed the amendment to its existing US $250 million unsecured revolving credit facility.
8:00 PM EST | April 13, 2011