Killajoules

Ex-Im Bank Gives Preliminary OK For $2.8 Billion Export Financing For Colombian Refinery Project
The Board of Directors of the Export-Import Bank of the United States today voted to grant preliminary approval for a $2.84 billion direct loan/loan guarantee to Colombia's Refinería de Cartagena S.A. (Reficar). The financing, when finally approved, will support the purchases of equipment and services from over 150 large and small U.S. engineering/design, equipment supply, contracting and process license firms, including Chicago Bridge & Iron, Foster Wheeler, Exxon/Mobil and UOP.

Ex-Im Bank Approves Nearly $1 Billion in Financing To Back U.S. Exports to Colombia's Ecopetrol
The Export-Import Bank of the United States (Ex-Im Bank) has given final approval to a $420 million medium-term loan guarantee facility and a $459.8 million long-term loan guarantee facility to help finance the sale of goods and services from various U.S. exporters to Ecopetrol S.A., Colombia's national oil company. The export sales will support an estimated 6,700 American jobs.

Ecopetrol and Talisman Energy finalize the purchase of BP in Colombia and announce change of company name
Once obtained the corresponding authorizations, Ecopetrol S.A. (Ecopetrol) and Talisman Colombia Holdco Limited (Talisman) completed today the acquisition of BP Exploration Company (Colombia) Limited for US$1.750 billion. Ecopetrol will have 51% of the new company and Talisman the remaining 49%.

Repsol buys a share in Offshore Colombian block
Repsol has signed an agreement with Colombian company Ecopetrol and Brazil’s Petrobras to buy a stake in the offshore Tayrona exploration block in the Colombian Caribbean Sea.

Following the agreement, Repsol owns a 30% stake in the block, while Ecopetrol owns 30%. Petrobras, with a 40’% stakem, will continue to be the operator. The deal is subject to the approval of Columbia’s National Hydrocarbons Agency (Agencia Nacional de Hidrocarburos.)

Anadarko Announces Brazil Post-Salt Discovery
Anadarko Petroleum Corporation (NYSE: APC) today announced interim results at the Itauna #1 well in block BM-C-29 offshore Brazil. To date, the well has encountered in excess of 275 net feet of oil and natural gas pay in two separate post-salt zones on which show reports were filed with the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP).