Pacific Rubiales Energy Company News

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Pacific Rubiales Posts Record Drop as Alfa Takeover Bid Quashed
Thursday, July 09, 2015Pacific Rubiales Energy shares and bonds plunged the most on record after the Colombian oil producer's would-be suitors withdrew their takeover offer.

Mexico's Alfa Says Offer for Pacific Rubiales is 'Fair and Final'
Friday, June 26, 2015Alfa says the offer it and Harbour Energy have made to buy oil company Pacific Rubiales is "full, fair and final".

InterOil Spuds Triceratops-3 Well in Papua New Guinea
Monday, June 15, 2015InterOil 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.

Spanish Billionaire Cortina Joins Venezuelans in Rubiales Tussle
Tuesday, May 12, 2015Spanish 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.

Alfa to Inherit Pacific Rubiales' Output Battle If Bid Prevails
Friday, May 08, 2015If 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.

Karoon Confirms Oil Discovery at Echidna-1 Well in Santos Basin
Tuesday, April 21, 2015Karoon Gas confirms oil discovery at Echidna-1 exploration well in Block S-M-1102 in Santos Basin offshore Brazil.

Karoon Gas Finds Hydrocarbons at Echidna-1 Well in Brazil's Santos Basin
Monday, April 13, 2015Karoon Gas finds hydrocarbons at Echidna-1 exploration well in Block S-M-1102m, Santos Basin, offshore Brazil.

Olinda Star Semisub to Drill Kangaroo West-1 Well in Santos Basin Soon
Friday, March 20, 2015The 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.

Colombia Oilfield Move Challenges Ecopetrol, Canada's Pacific Rubiales
Monday, March 16, 2015A 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.

Caribbean FLNG Facility Undergoes Commissioning, Delivery by End of 2Q 2015
Thursday, November 20, 2014Newbuild 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.

Karoon Plans $150M Brazil Oil Well Drilling Plan, Seeks Partner
Friday, October 31, 2014Karoon 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.

Pacific Rubiales, Pemex Set 3-Year Cooperation Deal In Mexico
Friday, October 17, 2014Pacific Rubiales signs a three-year deal to analyze potential oil and gas cooperation in Mexico with Pemex.

Discoveries, Acquisitions Boost Pacific Rubiales Oil Resources 45%
Monday, August 25, 2014Pacific 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.

Karoon Contracts Olinda Star Semisub to Drill at Kangaroo Field Off Brazil
Monday, July 14, 2014Karoon Gas contracts Olinda Star semisub for drilling at the Kangaroo oil field offshore Brazil.

Wison Clinches Deal to Supply FLNGRU to Exmar, Pacific Midstream JV
Wednesday, February 12, 2014Wison 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.

Pacific Rubiales Eyes 25% Jump In Its Colombian Crude Output
Thursday, February 06, 2014Pacific 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.

Pacific Rubiales Targets Oil And Gas Output Growth of 15-20%
Wednesday, December 18, 2013Pacific Rubiales, the largest private oil producer in Colombia, says it is targeting 15-20% growth in production in 2014.

Wison Installs Topsides Liquefaction Equipment on Caribbean FLNG Project
Tuesday, December 10, 2013Wison Offshore & Marine commences installation of the topsides liquefaction equipment on the Caribbean floating liquefied natural gas project at its yard in China.

Pacific Rubiales Updates Drilling Ops at Bilby Well
Monday, May 27, 2013Pacific Rubiales provides an operations update on the Bilby-1 exploration well, drilling on block S-M-1166, in the Santos Basin, offshore Brazil.

Pacific Rubiales Sees 55% Increase in Prospective Resources
Monday, April 15, 2013Pacific Rubiales announces the results of an independent resource assessment for its exploration blocks in Colombia, Peru, Brazil, Guyana, Guatemala and Papua New Guinea.

Pacific Rubiales Farms-In to Bilby Well Offshore Brazil
Thursday, March 28, 2013Pacific Rubiales Energy exercises its option to acquire a stake in a Santos Basin block offshore Brazil.

InterOil Finalizes PNG Farm-In Deal with Pacific Rubiales
Monday, March 25, 2013InterOil completes the farm-in transaction with Pacific Rubiales relating to its acquisition of a participating interest in PPL 237 onshore Papua New Guinea.

Pacific Rubiales Receives Environmental OK for Quifa Expansion
Friday, March 22, 2013Pacific Rubiales announces that the environmental permits for expansion activities in the Quifa Hydrocarbon Exploitation Area have been granted by ANLA.

Pacific Rubiales Makes 'Important' Find in Colombia Basin
Thursday, February 21, 2013Pacific Rubiales discovers natural gas and condensate in the Manamo-1X exploration well drilled in the Guama Block in the Lower Magdalena basin.

Wireline Evaluation Confirms Oil Find in the Kangaroo-1 Exploration Well
Thursday, January 31, 2013A wireline evaluation program confirms the previously announced light oil discovery in the Kangaroo-1 exploration well on block S-M-1101 offshore Brazil.

Peru Authorizes Amendment to Block Z-1 License
Monday, December 31, 2012BPZ 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.

Pacific Rubiales Reports on Processing Permits in Colombia
Tuesday, September 18, 2012Pacific Rubiales currently has 12 major licensing processes that are in front of the ANLA.

Pacific Rubiales to Ramp Up Production at Quifa North
Thursday, August 16, 2012Pacific Rubiales receives commerciality approval from the Quifa Association Executive Committee, for a portion of the Quifa North block, to be called the Cajua field.

Pacific Rubiales to Boost Production at Llanos Basin Field
Thursday, August 09, 2012Pacific 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.

InterOil to Farm-In PNG Interest
Monday, July 30, 2012InterOil 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.

Pacific Rubiales to Steer Portofino Block
Tuesday, July 24, 2012Pacific 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.

Pacific Rubiales to Buy PetroMagdalena in All-Cash Offer
Tuesday, June 05, 2012Pacific Rubiales has offered to acquire all of the issued and outstanding common shares of PetroMagdalena.

Wison Wins EPCIC Contract for Pacific Rubiales FLRSU
Friday, June 01, 2012Shanghai-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.

Pacific Rubiales Goes Onshore Papua New Guinea for $345M
Monday, April 30, 2012Pacific Rubiales Energy signs a binding agreement with InterOil Corp. to acquire a 10 percent interest in PPL237 onshore Papua New Guinea.

Pacific Rubiales Acquires Stake Offshore Peru
Friday, April 27, 2012Pacific 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.

Americas Ahoy for Floating Liquefaction?
Wednesday, April 25, 2012The 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.

Pacific Rubiales Ramps Reserves by 52% in 2011
Thursday, February 23, 2012"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.

Pacific Rubiales Hits Gas Pay at Colombia Block
Wednesday, February 15, 2012Pacific 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.

Maurel & Prom, Pacific Rubiales Bring Wells Online in Colombia
Thursday, January 19, 2012The 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.

Pacific Rubiales Concludes Drilling Ops at Putumayo Basin
Monday, November 21, 2011Pacific Rubiales announced the end of drilling operations at the Yaraqui-1X well, located in the Topoyaco block, in the foothills of the Putumayo Basin.

Pacific Rubiales to Invest in Guyana
Friday, October 14, 2011Pacific 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.

Pacific Rubiales, Maurel & Prom Enter JV for Peru Exploration
Wednesday, October 12, 2011Pacific 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.

Pacific Rubiales Ramps 2P Reserves in Llanos Basin
Tuesday, October 04, 2011Pacific Rubiales' net proved and probable reserves (2P) have grown to a total of 350 million barrels of oil equivalent as of the evaluation dates.

Pacific Rubiales Restarts Colombian Ops
Thursday, September 22, 2011Pacific Rubiales has commenced the process of restarting operations at the fields and expects to have production back to normal levels within a week.

Rubiales Aims to Restart Output As Colombian Protests Loom
Wednesday, September 21, 2011Labor 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.

Pacific Rubiales Appoints Senior VP, Investor Relations
Tuesday, August 02, 2011Pacific Rubiales announced the appointment of Christopher (Chris) J. LeGallais as the Company's Senior Vice President, Investor Relations.

Pacific Rubiales Receives Environmental Permit for Quifa Wells
Tuesday, July 12, 2011Pacific Rubiales announced that Colombia's Ministry of the Environment recently granted the Company the requisite environmental permits for Quifa Southwest and Quifa North.

Drilling Commenced at Pacific Rubiales' Colombia Well
Monday, July 11, 2011Pacific 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.

Pacific Rubiales Declares Cash Dividend
Monday, June 13, 2011Pacific Rubiales announced a cash dividend in the aggregate amount of US $25,000,000.

Pacific Rubiales Increases Revolving Credit Facility
Thursday, April 14, 2011Pacific Rubiales has closed the amendment to its existing US $250 million unsecured revolving credit facility.