Category Archives: Colombia
Colombia, officially the Republic of Colombia, is a constitutional republic in northwestern South America. Colombia is bordered to the east by Venezuela[8] and Brazil;[9] to the south by Ecuador and Peru;[10] to the north by the Caribbean Sea; to the northwest by Panama; and to the west by the Pacific Ocean. Colombia also shares maritime borders with Venezuela, Jamaica, Haiti, the Dominican Republic, Honduras, Nicaragua and Costa Rica.
“Katie bar the door” :: Southcom Keeps Watch on Ebola Situation
DoD News, Defense Media Activity
WASHINGTON, Oct. 8, 2014 – The potential spread of Ebola into Central and Southern America is a real possibility, the commander of U.S. Southern Command told an audience at the National Defense University here yesterday.
“By the end of the year, there’s supposed to be 1.4 million people infected with Ebola and 62 percent of them dying, according to the [Centers for Disease Control and Prevention],” Marine Corps Gen. John F. Kelly said. “That’s horrific. And there is no way we can keep Ebola [contained] in West Africa.”
If it comes to the Western Hemisphere, many countries have little ability to deal with an outbreak of the disease, the general said.
“So, much like West Africa, it will rage for a period of time,” Kelly said.
This is a particularly possible scenario if the disease gets to Haiti or Central America, he said. If the disease gets to countries like Guatemala, Honduras or El Salvador, it will cause a panic and people will flee the region, the general said.
“If it breaks out, it’s literally, ‘Katie bar the door,’ and there will be mass migration into the United States,” Kelly said. “They will run away from Ebola, or if they suspect they are infected, they will try to get to the United States for treatment.”
Also, transnational criminal networks smuggle people and those people can be carrying Ebola, the general said. Kelly spoke of visiting the border of Costa Rica and Nicaragua with U.S. embassy personnel. At that time, a group of men “were waiting in line to pass into Nicaragua and then on their way north,” he recalled.
“The embassy person walked over and asked who they were and they told him they were from Liberia and they had been on the road about a week,” Kelly continued. “They met up with the network in Trinidad and now they were on their way to the United States — illegally, of course.”
Those men, he said, “could have made it to New York City and still be within the incubation period for Ebola.”
Kelly said his command is in close contact with U.S. Africa Command to see what works and what does not as it prepares for a possible outbreak in the area of operations.
European cap-and-trade market takes a nose dive
The European Union’s cap-and-trade system took a huge hit on Thursday, with carbon prices plummeting a record 40 percent after a panel rejected a plan to delay emission permit sales to alleviate the overabundance of permits already in the system.
“The market is panicking, really,” Daniel Rossetto, managing director of Climate Mundial, told Bloomberg, adding that traders fear that Europe’s carbon emissions market won’t continue past 2020.
An excess of carbon emission permits in the 54 billion euro trading system drove the price down 91 percent from its record high in April 2006. Carbon permit prices sank to a record low of 2.81 euros ($3.75) per metric ton immediately after the panel rejected the EU plan. However, prices slightly rebounded to 4.33 euros per metric ton.
“This should be the final wake-up call,” said EU Climate Commissioner Connie Hedegaard in a statement. “Something has to be done urgently. I can therefore only appeal to the governments and the European Parliament to act responsibly.”
The Financial Times reports that the carbon market has seen two record-low prices within the last four days, causing some analysts to say carbon permits are “worthless.”
The European Commission wanted to temporarily delay the sale of 900 million permits to alleviate the current overabundance. Analysts say this move would have boosted prices, but not high enough to provide sufficient incentives for utilities to switch to cleaner energy sources, reports the Guardian.
However, the plan was met with resistance from various governments, industries, and lawmakers.
Joachim Pfeiffer, economy spokesperson for German Chancellor Angela Merkel’s party, said the plan was “absurd” and would impose higher costs on German industry.Reuters reports that the bank Societe Generale cut its EU carbon price forecast from 2013 to 2015 by 30 percent, due to prices plunging to record lows.
“Negative news and events relating to the EU [Emissions Trading System] continue to pile up and come from all sides. So it is not at all surprising that EUA prices have fallen and have continued to be quite volatile,” they said. “The EU ETS has become a one-way market, spiraling down.”
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Related articles
- EU Carbon Permits ‘Worthless’ Without Change of Rules, UBS Says (bloomberg.com)
- Carbon price under EU emissions Trading System hits all-time low (seeker401.wordpress.com)
- EU Carbon Market Is at Risk of Total Collapse, Lawmaker Says (bloomberg.com)
- EU’s carbon market suffers after parliamentary vote (reuters.com)
- EU carbon price crashes to record low (aftermathnews.wordpress.com)
- EU carbon price crashes to record low (junkscience.com)
Pacific Rubiales Makes Gas Discovery in Colombia
Pacific Rubiales Energy said today that it has discovered natural gas and condensate in the Cotorra-1X exploration well, drilled on the Guama Block in the Lower Magdalena basin.
The Company has 100% working interest in the block and is the operator.
Ronald Pantin, Chief Executive Officer of the Company commented: “this is an important exploration discovery for Pacific Rubiales and demonstrates the potential of both the Guama block and Lower Magdalena basin where the Company has a large exploration acreage position and is looking to increase its gas reserves to support its initiative to develop an LNG export market in the future.”
The Cotorra-1X well was drilled as an exploratory well after an earlier exploration success on the block, the Pedernalito-1X well drilled in 2010. The well targeted Porquero Medio sands and silts of Miocene age, a low-permeability play successfully tested by Pedernalito-1X. Cotorra-1X was drilled to a total depth of 7210 feet in mid-January. The petrophysical evaluation showed a total of 40 feet of net pay, with average 20% porosity.
The well was perforated only in the deeper pay zone, across two intervals; leaving overlying pay zones untested for further evaluation.
After clean-up while flowing through a 1/2″ choke, Cotorra-1X reached a maximum gas flow rate of 7.5 MMcf/d and 370 bbl/d 56 degrees API condensate, followed by a three-stage isochronal and one extended flow test through 12/64″ choke which flowed at 2.6 MMcf/d and 121 bbl/d condensate at 3137 psi well head pressure.
During the month, the Company also completed drilling the Apamate-2X exploration well on its 100 percent owned and operated La Creciente Block. The well failed to test hydrocarbon flow at economic rates and was plugged and abandoned.
Articles
- Pacific Rubiales Energy Announces Exploration Success at La Creciente Block (Colombia)
- Santos: Spar-2 Appraisal Well Confirms Spar Field Upside (Australia)
- Dana Petroleum Provides Drilling Update on Cormoran-1 Well (Mauritania)
- India: RIL Finds Gas, Condensate in Cauvery-Palar Region
- Brunei: Total Announces New Gas and Condensate Discovery in Offshore Block B