Colombia

Colombia’s Ecopetrol To Invest Up To $4B In 2018

23 Nov 2017   Colombia

Ecopetrol will invest between $3.5 billion and $4 billion during 2018, the majority in production and exploration projects. BOGOTA, Nov 22 (Reuters) – Colombia’s state-run oil company Ecopetrol said on Wednesday it would invest between $3.5 billion and $4 billion during 2018, largely in production and exploration projects. The company, the Andean nation’s largest, said in a filing to the financial regulator that it expected to produce between 715,000 and 725,000 barrels per day (bpd) in 2018. This year Ecopetrol expects to produce around 715,000 bpd. The predicted investment of $3.5 billion to $4 billion would be 35 percent to 55 percent higher than this year’s amount. Only 4 percent of the investment will be spent abroad in Mexico, the United States, Brazil and Peru, the statement said, with the rest destined for Colombian projects. The company is not taking out external financing for the 2018 plan. Ecopetrol expects […]

Colombia Looks At Shale As Oil Reserves Plunge

22 Aug 2017   Colombia

Colombia’s oil production has been falling for the last four years. It’s not just the 2014 price crash that pressured output: The country’s fields are depleting and new discoveries are hard to come by because of high production costs, security challenges, and opposition from the population. Earlier this year, Colombia’s Comptroller General warned that the country could lose its energy independence by 2021 if this state of affairs continues. What’s more, if production continues to fall, Ecopetrol will find it hard to service its refineries, which have a combined daily capacity of 420,000 barrels. Colombia’s oil and gas is difficult to extract, so Ecopetrol and foreign field operators need prices to be higher than US$50 to turn a profit. At this year’s end, daily crude oil output in the Andean nation is seen at 872,000 bpd, down from over 1 million bpd in 2013, at the peak of the […]

Colombia ‘will not recognise’ Venezuela’s assembly vote

29 Jul 2017   Colombia, Venezuela

“Down with the dictatorship,” reads graffiti on a Caracas wall Colombia’s President Juan Manuel Santos says his country will not recognise the result of Sunday’s vote in neighbouring Venezuela to elect a new assembly with power to rewrite the constitution. “The constituent assembly lacks legitimacy and because of that we cannot accept the result,” he said. Venezuela’s President Nicolás Maduro called the vote as protests against his government gained momentum in May. The opposition sees it as a move towards dictatorship. The new constituent assembly, comprising 545 members, will rival the National Assembly, currently controlled by the opposition. “We insist on a peaceful solution for the country’s situation,” said President Santos. Mr Santos has been critical of how the Venezuelan government has handled the crisis Earlier on Friday, police in the Venezuelan capital Caracas fired tear gas and rubber bullets against opposition activists who blocked roads. At least two […]

Colombia’s Oil Sector Faces ‘Post-Conflict’ Security Problems

8 Mar 2017   Colombia

Colombia’s oil industry continues to face bombings and other security challenges even after last year’s peace deal that ended a long-running guerrilla conflict, a top Colombian oil official said Tuesday. The government signed a deal in November with the Revolutionary Armed Forces of Colombia, or FARC, to end more than a half-century of conflict that claimed at least 220,000 lives and displaced more than 5 million people. The…

Colombia Rebel Group Wages Oil Pipeline War as Another Disarms

2 Mar 2017   Colombia

Colombia’s smaller rebel group has unleashed a wave of attacks on the country’s No. 2 oil pipeline, a show of strength amid peace talks that’s creating a headache for companies including Ecopetrol SA and Occidental Petroleum Corp. There have been 17 attacks this year on the Cano Limon pipeline in eastern Colombia where the National Liberation Army, or ELN by its Spanish initials, is highly active, compared to seven attacks in the first two months of last year, according to state-controlled Ecopetrol. That’s forcing some oil companies to store crude in tanks, rather than transport it to the Caribbean port of Covenas from where it’s shipped to buyers. Pumping through the pipeline has been halted since Feb. 15, forcing Ecopetrol to declare force majeure on certain exports, according to people familiar with the situation. Drillers may have to halt production at fields in the area if the pipeline isn’t […]

Colombia’s Ecopetrol reports 14% year-on-year decline in proven reserves

22 Feb 2017   Colombia

State-controlled Ecopetrol reported a 14% year-on-year reduction in proven reserves through December 31, a decrease that reflects three years of declining oil field investment in Colombia’s oil patch, it said Tuesday. Ecopetrol pegged year-end 1P reserves at 1.598 billion barrels, down 14% from 1.849 billion barrels at the end of 2015. The reserves were calculated using US Securities and Exchange Commission-approved standards by independent firms Ryder Scott Co. and DeGolyer & MacNaughton. Ecoptrol said the decrease was due to the “pronounced fall in oil prices” in 2016 that made a significant percentage of the company’s previously reported reserves uneconomical to produce. Ecopetrol accounts for more than three quarters of Colombia’s crude and natural gas reserves and output. The SEC price used to value Ecopetrol’s reserves in 2016 was $44.49/b, down from $55.57/b in 2015, a 20% decline. Ecopetrol estimated that the price decrease was responsible for the loss of […]

Bombings halted pumping at Colombia’s Cano-Limon oil pipeline

23 Jan 2017   Colombia

Bomb attacks last week halted pumping operations along Colombia’s second most important oil pipeline, the Cano-Limon Covenas, state oil company Ecopetrol said on Sunday. The company did not say who was responsible for the attacks but military sources said it was the leftist National Liberation Army (ELN) rebels. Production and exports were not interrupted, Ecopetrol said. The seven attacks occurred last week in a rural area of northern Norte de Santander and Arauca provinces, close to the border with Venezuela. The 485-mile (780 km) pipeline has the capacity to transport up to 210,000 barrels of crude daily from oil fields operated by U.S.-based Occidental Petroleum to the Caribbean port of Covenas. There were 43 attacks on the pipeline last year, Ecopetrol said. Attacks on oil installations by the ELN, a group of about 1,500 combatants, have been a frequent occurrence during a conflict that has taken more than 220,000 […]

More hydrocarbons found in Gulf of Mexico

20 Dec 2016   Colombia

A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far. A U.S. subsidiary of Colombian energy company Ecopetrol owns a minority stake in the Warrior exploration well. Anadarko Petroleum, which has offices in Houston, is the operator of the well. The Colombian company said drilling ran through a 210-foot column of oil in the Warrior well, confirming it as a discovery. Ecopetrol CEO Juan Carlos Echevery said the discovery ends the year on a high note for a company looking to build up its reserves. “This achievement evidences Ecopetrol’s ability to strengthen its presence in one of the most prospective areas in the world as is the Gulf of Mexico,” he said in a statement . Warrior is the fifth regional discovery for the Colombian energy company since […]

More hydrocarbons found in Gulf of Mexico

17 Dec 2016   Colombia

A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far. A U.S. subsidiary of Colombian energy company Ecopetrol owns a minority stake in the Warrior exploration well. Anadarko Petroleum, which has offices in Houston, is the operator of the well. The Colombian company said drilling ran through a 210-foot column of oil in the Warrior well, confirming it as a discovery. Ecopetrol CEO Juan Carlos Echevery said the discovery ends the year on a high note for a company looking to build up its reserves. “This achievement evidences Ecopetrol’s ability to strengthen its presence in one of the most prospective areas in the world as is the Gulf of Mexico,” he said in a statement . Warrior is the fifth regional discovery for the Colombian energy company since […]

Oil Industry Fears More Chaos After Colombia Rebels Disarm

14 Sep 2016   Colombia

FARC peace accord may increase protests and delays: Campetrol Group slashes 2016 oil production target to 800,000 b/d While Colombia’s recent agreement to end 52 years of internal war with its largest insurgent group has been heralded across the globe as a rare victory for peace, the nation’s oil industry fears the deal may increase turmoil, not reduce it. Parts of the accord with the Revolutionary Armed Forces of Colombia, or FARC, will amplify the risk of corruption, political meddling and delays to oil projects, according to Campetrol, the Colombian chamber of oil goods and services. Meanwhile, attacks on oil infrastructure have spiked this year by the Andean nation’s second-largest rebel group, the National Liberation Army, or ELN. New environmental committees, an extension of the “prior consultation” process to more communities and added institutional protection for protests may make it even harder for companies to operate if the deal […]

Colombian peace deal with FARC won’t cure oil industry’s problems: analysts

27 Aug 2016   Colombia

Analysts and industry sources are skeptical that the peace agreement announced this week between the Colombian government and a rebel group with which it has been at war for a half century will provide any short-term boost to the fortunes of Colombia’s beleaguered oil industry. Continued violence, logistical difficulties and an expected tax increase later this year on top of an already high government take will continue to make Colombia’s oil patch a challenging place to find, produce and transport oil and gas, experts said, particularly compared with more hospitable venues. After nearly four years of negotiations, the government announced late Wednesday it had reached agreement on all major points with the Revolutionary Armed Forces of Colombia (FARC), with which it has been at war since 1964. The accord will be put to a nationwide vote October 2. Public opinion is sharply divided on the proposed accord. FARC declared […]

Occidental’s Colombia Woes Prolonged as Pipeline Outage Persists

6 Aug 2016   Colombia

Rain, security situation hampering pipeline repairs: union Three fields operated by company halted since July 15: union Occidental Petroleum Corp. will have to wait at least a few more days to resume production at three Colombian fields amid delays in fixing a pipeline attacked by guerrillas. Repairs to the Cano Limon line, halted since July 4, are now scheduled to finish in the middle of next week, according to Humberto Alvarez, an official at the country’s main oil workers union, known as USO. The union previously expected the conduit to come back online this week. Production at three Occidental-operated fields that produce a combined 56,000 barrels a day — Cano Limon, Chipiron and Caricare — has been halted since July 15 after the company ran out of storage space, Alvarez said. Melissa Schoeb, a spokeswoman for the Houston-based producer, declined to comment. “It now seems the pipeline won’t restart […]

Venezuelan gas exports to Colombia unlikely in short term: analysts

4 Aug 2016   Colombia, Venezuela

Venezuelan exports of natural gas to Colombia are unlikely in the short term, despite state-owned PDVSA’s claims to have increased its gas production in 2015 by 334,000 Mcf/d or 4.3% year on year. The increase was attributed to the startup of long-delayed production at the offshore Perla gas field operated by Spain’s Repsol and Italy’s ENI in partnership with PDVSA. The production figures were disclosed by analysts and company sources. In July, Eulogio Del Pino, who wears the hats of PDVSA president as well as minister of oil and mining, said incremental production gains at Perla would enable the country to begin exporting gas to Colombia “soon.” According to Del Pino, Perla is already producing 600,000 Mcf/d. “Enough gas exists to meet domestic demand and to be able to export,” Del Pino said. The optimism of Del Pino, however, is not shared by analysts, who question the official production […]

Guerrilla Pipeline Attack Forces Colombia to Shut In Oilfields

3 Aug 2016   Colombia

Attack affects about 6 percent of the country’s crude output Repairs on pipeline may be concluded by tomorrow: union Colombia, South America’s third-largest oil exporter, shut in production in at least three oilfields after attacks by Marxist guerrillas blew up one of the country’s main outlets to export crude. The attack on the Cano Limon-Covenas pipeline, which transports oil to Colombia’s Caribbean coast for export, forced production to be shut at the Cano Limon, Chipiron and Caricare oilfields, according to Humberto Alvarez, an oil workers’ union official who also works in one of the fields. The fields were producing a combined 56,000 barrels daily, or about 6 percent of the country’s output. Colombia’s second-largest pipeline was attacked in early July and repairs have been dragging on for almost a month because of bad weather and because the Armed Forces need to guarantee security of personnel working on the repairs, […]

Special Report: In Venezuela’s murky oil industry, the deal that went too far

27 Jul 2016   Colombia, Venezuela

Even for Venezuela’s notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders in recent years: a multi-billion dollar project in the Orinoco Belt, the world’s largest crude reserve. The project was designed to shore up the OPEC country’s stagnating oil production and ease an economic crisis. Then, out of the blue, a tiny Colombian trucking and trading firm with no relevant experience beat global industry leaders to win the contract, worth around $4.5 billion according to one PDVSA [PDVSA.UL] document. Alarm bells rang among PDVSA’s foreign partners, which include Chevron ( CVX.N ) and Rosneft ( ROSN.MM ). Trenaco, headquartered in Switzerland but largely run out of Colombia, had edged out the world’s top service companies — Halliburton ( HAL.N ), Schlumberger ( SLB.N ) and Weatherford ( WFT.N ) — […]

Colombian Oil Industry Looking for Boost from Ceasefire

24 Jun 2016   Colombia

The Colombian government and FARC rebels are close to ending their decades-long armed conflict following the anticipated signing of a bilateral ceasefire. The announcement of the agreement was made on the 22nd of June 2016 via a joint statement issued by state and guerilla representatives negotiating in Havana, Cuba. “The national government and FARC delegations inform the public that we have successfully agreed a definitive and bilateral ceasefire, the laying down of arms, security guarantees and the fight against organized crime units,” said Colombian government spokeswoman Marcela Duran. Details of the ceasefire arrangement are expected to be provided on 23 June at a ceremony in Havana with attendance by all negotiators, Colombian President Juan Manuel Santos, U.N. General Secretary Ban Ki-Moon, and the heads of state for guarantor countries supporting the peace process. Talks between Colombian officials and the country’s largest rebel army formally began on 19 November 2012. […]

Rebel bombing shuts down key Colombian oil pipeline

20 May 2016   Colombia

Colombia’s second-largest oil pipeline has been taken offline by a rebel attack which spilled crude oil into the Bojaba river, this is the fourteenth such attack this year. While no group has claimed responsibility for the attack, the authorities suspect the ELN (National Liberation Army) rebel group. The Cano-Limon Covenas pipeline, run by state-owned Ecopetrol, was bombed at a 485-kilometer section that runs near the border with Venezuela in Arauca province, Reuters reported. Pumping of crude into the pipeline has been halted, according to Ecopetrol. The pipeline has a 210,000 barrel per day capacity, and transits crude produced by U.S.-based Occidental Petroleum to the port of Covenas in the Caribbean, which is the country’s main export facility. The Cano Limon oilfields, […]

Colombian Oil Producer Pacific Falls From Grace

20 Apr 2016   Colombia

Pacific has become a major bust from the commodity downturn. At its peak, it was… BOGOTÁ, Colombia—Latin America’s largest privately owned oil producer said it was preparing to file for bankruptcy-court protection after reaching a tentative restructuring deal Monday that leaves shareholders with cents on the dollar. The deal would cap a humbling turn of events for Pacific Exploration & Production Corp. PEGFF -47.06 % , which once stood at the vanguard of South America’s oil boom. At its peak earlier this decade, Pacific was worth $8 billion, employed 30,000 people and had so much cash it flew pop star Marc Anthony to a corporate party. Pacific has become a major bust from the global commodity downturn, a slide that current and former directors and employees say was aggravated by mismanagement, wild overspending and poor investments. “Pacific was a big success story, but it didn’t make the right choices,” […]

Colombian Exports Fall to Nine-Year Low Amid Oil and Coal Slump

4 Mar 2016   Colombia

Colombian exports slumped to their lowest level since 2007 in January, as prices fell for the Andean nation’s oil, coal and coffee. Exports fell 37 percent to $1.84 billion from the same period in 2015, the national statistics agency said in a report published Thursday. The result was lower than all 12 forecasts in a Bloomberg survey of analysts, whose median estimate was $2.23 billion. Colombia’s current account gap and fiscal deficit are its biggest vulnerabilities, Fitch Rating’s Managing Director for Colombia, Venezuela, Central America and the Caribbean said Thursday in Bogota. The trade deficit is running at more than $1 billion a month, helping to push the peso to a record low last month and driving up inflation. Oil and mining exports fell 47 percent to $844.5 million in January, while food, drink and agricultural exports fell 31 percent and manufactured goods dropped 18 percent. The current account […]

Venezuela Delays Natural Gas Exports to Colombia

2 Jan 2016   Colombia, Venezuela

Venezuela’s state oil company is temporarily halting natural-gas exports across the border to Colombia, citing climate factors and the need to generate electricity, the Colombian government said Friday. Petróleos de Venezuela, or PdVSA. notified the ministry that supplies would be suspended as of Friday because of “the behavior of electrical energy generation due to climatic variability,” Colombia’s Ministry of Mines and Energy said. A drought has been affecting the region, though the ministry didn’t specifically mention that. An agreement between the two countries calls for Venezuela to send 39 million cubic feet of gas a day to Colombia, about 3% of Colombia’s supply. Tensions between Colombia and its neighbor boiled over in August , when President Nicolás Maduro cracked down on undocumented Colombians residing in Venezuela and closed the border. The countries agreed in September to normalize relations and gradually reopen the border. Venezuela has large natural-gas reserves, […]

Colombian Peso Leads Global Currency Declines as Crude Tumbles

22 Aug 2015   Colombia

Colombia’s peso led global declines as oil, the nation’s biggest export, tumbled on concern that a slowdown in China’s economic growth will reduce demand for the commodity. The peso plunged 1.5 percent to a record low 3,107.65 per dollar at the close in Bogota, extending its weekly loss to 3.7 percent. The daily drop was the biggest among 152 currencies tracked by Bloomberg. Crude oil tumbled to below $40 a barrel in New York for the first time since 2009. “This really is panic mode,” Andres Munoz, the head currency trader at Corp. Financiera Colombiana, said from Bogota. “Investors are getting out of emerging markets” including Colombia’s local peso bonds. One-month implied volatility on options for the peso, reflecting projected shifts in the exchange rate, increased Friday to the highest level since June 17. The currency’s swings may lead the central bank to announce currency measures to ease swings […]

FARC Rebels See Upsurge in Colombian Violence as Talks Drag

2 Jul 2015   Colombia

Colombia Marxist rebels said they’ll step up attacks on security forces after suspending their cease-fire as peace talks to end Latin America’s longest-running insurgency drag on. The Revolutionary Armed Forces of Colombia, or FARC, will target the army more than oil installations, a guerrilla commander known as Matias Aldecoa said in an interview in Havana. Pipelines used by companies including Ecopetrol SA and Occidental Petroleum Corp. have been damaged in FARC bombing attacks in the past few weeks. “Soon people will see the war in this latest phase, and they’re going to see the number of police and soldiers who die,” Aldecoa said Saturday, in an interview in Havana. “For us, oil pipelines aren’t the No. 1 target.” The FARC suspended a unilateral cease-fire in May after the armed forces killed at least 26 guerrillas in an attack in south west Colombia. The resumption of attacks has increased casualties […]

Colombia’s No. 2 oil pipeline shut after rebel bombings

18 Jun 2015   Colombia

Colombia’s Cano Limon-Covenas oil pipeline, the country’s second biggest by volume, has been shut due to damage from bomb attacks by leftist FARC rebels which caused a significant spill that has contaminated two rivers, the army said on Wednesday. Revolutionary Armed Forces of Colombia rebels, known as FARC, have intensified attacks on infrastructure in the past few weeks after calling off a unilateral ceasefire. They have attacked pipelines and trucks carrying crude oil, as well as damaging transmission lines, cutting power to large towns. The army confirmed that four troops were also killed on Wednesday after being ambushed by the FARC who set off remote-controlled explosives and fired on them with machine guns while on patrol in the southern province of Caqueta. State-run Ecopetrol which operates the Cano Limon pipeline through its Cenit subsidiary, said in a statement it is taking measures to contain the spill as local […]

Colombia: Oil Pipeline Attacked In Cordoba City

13 Jun 2015   Colombia

The Transandino oil pipeline was attacked in a rural area of Cordoba city, in Narino department, W Radio reported June 12. In the past 15 days, there have been three attacks against the pipeline. Authorities have not verified whether the Revolutionary Armed Forces of Colombia (FARC) is behind the attack, but FARC was responsible for nine other attacks against energy infrastructure and security forces in the departments of Cauca, Caqueta, Narino and Putumayo.

Colombian oil exploration activity in Q1 sinks 83% from prior year: trade group

13 May 2015   Colombia

Exploration drilling in Colombia’s oil patch in the first quarter fell 82.5% compared with the year-ago period, while seismic exploration sank by an even steeper 92%, the Colombian Petroleum Association (ACP) said Tuesday. Speaking at a press conference in Bogota, ACP president Francisco Jose Lloreda issued another in a series of recent appeals to the government to enhance the royalty and tax incentives available to wildcatters or face the possibility of declining production and reserves in coming years. “Without tax incentives, it will not be feasible to reactivate exploration and current production levels of 1 million b/d, which would impact state revenue even more,” Lloreda told reporters. He said only nine exploratory wells were drilled in Q1, down from 52 drilled in the year-ago period. Seismic exploration totaled 800 square kilometers, down from 10,000 sq km. Lloreda acknowledged that the Colombian government had made some moves in recent months […]

Crude Fall Prompts Proposals to Shield Colombian Drillers

17 Jan 2015   Colombia

Colombia is preparing measures to help oil producers including Ecopetrol SA and Pacific Rubiales Energy Corp. (PRE) cope with the crash in global prices as the Andean nation looks to protect its biggest source of revenue. Options include easing investment costs and reducing the amount of oil that goes to the government as a royalty, said Nicolas Mejia, vice president for promotion at Colombia’s hydrocarbons agency. Proposals put forward by several consultancies will be discussed at a Jan. 27 meeting with government ministers. West Texas Intermediate, a U.S. benchmark oil price, fell 46 percent last year. Oil accounts for about half of Colombia’s exports and is a key revenue generator for the government. The nation’s oil production averaged 988,100 barrels a day in 2014, the first drop in output since 2005 amid community protests and pipeline attacks. “Companies are calling for more favorable terms,” Mejia said in an interview […]

Statoil wades deeper into Colombia

5 Sep 2014   Colombia

“We are gaining access to a vast underexplored frontier area through early access at scale, which is in line with Statoil’s exploration strategy,” Nick Maden, a senior vice president for Statoil’s exploration activities in the Western Hemisphere, said in a statement. Statoil, for an undisclosed sum, acquired a minority share in two offshore areas in Colombia from Repsol. Statoil in July made its debut in Colombia in a deal with Repsol and the Colombian subsidiary of Exxon Mobil. Much of the country’s oil is focused inland in the foothills of the Andes and in the Amazonian jungle. Colombia holds an estimated 2.4 billion barrels of crude oil reserves, though offshore is considered frontier territory. While no reserve potential was available, Repsol has already conducted seismic surveys offshore to get a better understanding of the license area.

Marxist Rebel Bombings Send Colombia Oil Output to 20-Month Low

6 May 2014   Colombia

Colombian crude production sank to a 20-month low in April as Marxist rebel attacks and community protests curbed output amid continuing peace talks in Havana . Oil production last month averaged 935,000 barrels per day, according to a government statement yesterday, the lowest since August 2012. Output slumped as repairs to the country’s second-largest pipeline following a March 25 rebel attack were prevented by the indigenous U’wa group. Paralysis at the Cano Limon-Covenas duct, which takes oil from eastern Colombia to the Caribbean coast, forced producers including state-controlled Ecopetrol SA (ECOPETL) to restrict output as storage ran out. Oil is Colombia’s biggest export and a key source of revenue for the government. There were 33 pipeline attacks in the first quarter of this year and a total of 259 in 2013, as Colombia’s largest rebel group, the Revolutionary Armed Forces of Colombia, or FARC, seeks to strengthen its hand […]

Colombia Warns of Emergency Decree for Pipeline Standoff

30 Apr 2014   Colombia

A monthlong standoff with a forest-dwelling indigenous group is threatening Colombian oil exports and may force the government to declare a national emergency, Mines and Energy Minister Amylkar Acosta said. Members of Colombia ’s U’wa group are preventing repairs to the Cano Limon-Covenas pipeline following an attack by Marxist rebels March 25, cutting exports by more than 2.5 million barrels, Acosta said. The country’s second biggest pipeline is controlled by state-run Ecopetrol SA. “This almost merits a declaration of emergency by the national government,” Acosta told local radio station Caracol today. “There are reasons of state, and there’s a public interest that takes precedence.” A emergency declaration would give Colombian President Juan Manuel Santos powers to rule by decree for 30 days and potentially overrule standard protocol when dealing with local groups. Royalties from oil, Colombia’s biggest export, are a key source of revenue for the government, currently battling […]

Rebels in Colombia Hit Energy Sector Hard in ‘Black October’

4 Nov 2013   Colombia

BOGOTA—Colombia’s energy sector, the main driver of its economy, is limping away from “Black October,” a term coined by Marxist rebels who set forth on a month-long blitzkrieg, attacking oil pipelines, coal trains, electricity plants and transmission towers in a show of strength during peace talks with the government. There were roughly two dozen attacks during October on high-profile targets like oil pipelines, according to security analysts and companies. That was more than double the number of attacks in September and by far the highest for any month this year, according to analysts. The Colombian government usually comes out with a count months later. Colombia’s army declined to comment. Most of the attacks are believed to be the work of the country’s main guerrilla force, the Revolutionary Armed Forces of Colombia, or FARC. The attacks add to doubts about the rebels’ sincerity in reaching a peace agreement with the […]