ACP as a source of information
Hydrocarbons Sector
Source: El Tiempo
Date: October 09
Headline: Promigás issued bonds for US$ 400 million in the international market
Promigás, a company for the transportation and distribution of natural gas, with activities also in the regasification of natural gas and distribution of electric energy, debuted yesterday in the international capital market with a bond issuance of 400 million dollars. (…) The demand obtained during the process reached 2.6 billion dollars, that is, more than six times the target set by the Colombian company, which allowed Promigás to achieve the lowest interest rate obtained by a Colombian issuer in the international market.
Source: La República
Date: October 09
Headline: The dollar closed the day at an average price of $3,452.5
The US currency continues to appreciate during the second week of October. Events such as the talks between Chinese and US officials in Washington to reach a trade agreement, (…) The fear of the possibility that trade negotiations between the United States and China do not reach a good port, drove down oil prices. According to Reuters, Brent closed down US$0.11, or 0.2%, at US$58.24 per barrel, while WTI lost US$0.12, or 0.2%, at US$52.63. On Tuesday, it was also reported that the “U.S. Energy Information Administration (EIA) reduced its forecast for global oil demand growth for 2020 by 100,000 barrels per day (bpd) to 1.30 million,” the agency noted.
Source: La República
Date: October 09
Headline: Populism cannot besiege presidents
How popular can a head of state be? From what we have seen in recent days in Latin America, it could be said very little. This week, the president of Ecuador, Lenín Moreno, joined that club of unfortunate leaders in the region who remain besieged by unpopular decision-making. (…) Moreno's case is no different. The sin of the President of Ecuador was to remove gasoline subsidies, a policy that according to the Inter-American Development Bank (IDB) was adopted in 1974 when high oil prices increased the revenues of the Ecuadorian government. The bad news is that such scenarios do not last forever, and that is what most inhabitants of Latin American countries do not seem to understand.
Source: La República
Date: October 09
Headline: Fendipetróleo at the Claec version 57°
Jairo Gómez Fontalvo, president of the Board of Directors of Fendipetróleo Nacional, and Luis Emilio Sierra Grajales, spokesperson for the guild.
Source: La República
Date: October 09
Headline: Ecopetrol will inaugurate its solar park next week
Everything is ready for Ecopetrol to inaugurate its first solar park in the municipality of Castilla La Nueva, in Meta, on October 18. After an investment of just over US$20 million, the oil company will put the new complex into operation, which has an installed capacity of 20 megawatts (MW), with a total of 54,500 panels in service. (…) This is because on several occasions, its president, Felipe Bayón, has reiterated that the company wants to bet on clean energies not only to reduce CO2 emissions but also to support self-generation. (…) The new solar farm in Castilla La Nueva is expected to be operational next Friday, October 18. To kick off this operation, the attendance of the Minister of Mines and Energy, María Fernanda Suárez, the president of Ecopetrol, Felipe Bayón, the president of AES Colombia, Federico Echavarría, and the president of the Republic, Iván Duque, is planned.
Source: Portafolio
Date: October 09
Headline: The crossroads of national biodiesel. By. Andrés Espinosa Fenwarth
The country produced the first gallon of biodiesel at a plant located in Codazzi, Cesar department, in January 2008. Since then, the biodiesel agro-industrial chain has invested 3 billion dollars to meet the objectives of environmental sustainability, diversification of the energy matrix, rural development, and job creation in the Colombian palm sector. (…) The current supply crisis of biodiesel, which has shut down several plants, is due to regulatory delays in defining official prices for producers by the Ministries of Finance and Energy, which do not immediately factor in the changing conditions of the reference markets for palm and soybean oils, nor adequately compensate biodiesel producers…
Source: Portafolio
Date: October 09
Headline: EIA expects lower crude demand
The U.S. Energy Information Administration (EIA) yesterday reduced its forecast for global oil demand growth for 2020 by 100,000 barrels per day to 1.30 million bpd. In its monthly forecast, the agency also lowered its estimate for crude demand growth for 2019 by 50,000 bpd to 840,000 bpd. It also indicated that this year U.S. crude production will rise by 1.27 million bpd to 12.26 million bpd, following September's estimate of an increase of 1.25 million bpd. In 2020, the country's production would increase to 13.17 million bpd.
Source: El Nuevo Siglo
Date: October 09
Headline: The world needs oil and gas. By: Víctor G. Ricardo
I attended a forum convened by the National Hydrocarbons Agency and other companies and guilds in the city of Barranquilla about ‘offshore’, the exploration of hydrocarbons in the Caribbean Sea. The purpose of this meeting was to prepare the region for new discoveries of gas and oil that may be found in the contracts that the Government of Colombia signed in 2019 with some world-class companies such as Shell, Repsol, Noble Energy, Exxon Mobil, and Ecopetrol. (…) An example of this is the reduction of CO2 emissions in the U.S., due to the increase in unconventional gas production, obtained through the controversial technique of ‘fracking’.
Source: El Nuevo Siglo
Date: October 09
Headline: “Taxes will not allow gasoline prices to drop”
The high prices of fuels in the country, specifically gasoline and diesel, is a problem that affects the entire distribution chain. The president of Fedispetrol, Álvaro Younes, points out that besides the high cost of the dollar and oil, the higher taxes charged to users every time they fill up their vehicles is one of the factors that prevents lowering fuel prices. EL NUEVO SIGLO: Do you think fuel prices will continue to rise this year? ÁLVARO YOUNES: I don't think that will happen, the Minister of Mines (María Fernanda Suárez) said last month that we had already reached the international reference price and that we are subject to changes in the dollar and international crude prices.
Source: El País
Date: October 09
Headline: The pipeline network has suffered 30 attacks
Terrorist actions against the country's pipeline network continue. With the most recent attack on the Transandino Pipeline (OTA) in Putumayo this weekend, Ecopetrol confirmed that there have been 60 attacks so far this year, a figure that has not only been affecting ecosystems and communities but also the more than 4540 kilometers of pipeline that the oil company has in Colombia. (…) This was established by Carlos Leal, president of the board of Acipet, who warned that “these episodes affect investors’ confidence in Colombia. The risk regarding security has a significant impact on the analysis of situations. Many projects are affected, which raises alarms about investments in the territories.” Of all the incidents that occurred in 2019, the Caño Limón-Coveñas field has been the most affected with 35 attacks. According to Ecopetrol, this area is followed by the Transandino Pipeline, with 19; the Mansoyá-Orito Pipeline (OMO), with two; and the Tibú Field, with two, among others.
Source: El Heraldo
Date: October 09
Headline: Summit ‘Offshore Investment Summit 2019’
In the Imperial hall of the Country Club, a cocktail was offered to the attendees of the first investors‘ summit of the hydrocarbons sector ’Offshore Investment Summit 2019'. The event was organized by Merco and the Colombian Association of Petroleum Engineers (Acipet), under the coordination and production of Eventos EL HERALDO. Photo. Reginaldo Pérez, Luis Miguel Morelli, Eduardo Verano, and Diana Casas.
Source: Vanguardia Liberal
Date: October 09
Headline: Light ‘greenish’. By: Alberto Montoya P.
The least common of the senses, “common sense,” has begun to shed some light with the authorization granted by the Council of State for Ecopetrol to start pilot tests with the fracking technique and establish, based on its results, what is the best technology to apply, obtain the permits, and begin the exploitation of unconventional deposits, YNC, and, as a result, give a broad breath to the Colombian economy and the possibilities of accelerating the development of Santander, thanks to the fact that the most promising YNC are located in the Medio Magdalena. The possibilities of energy self-sufficiency for the country, based on fossil fuels, are scarce if we continue to base them on conventional deposits.
Source: Vanguardia Liberal
Date: October 09
Headline: Ecopetrol pipelines: an attack occurs every 5 days
Terrorist actions against the country's pipeline network do not cease. With the most recent attack on the Trasandino Pipeline (OTA), in Putumayo, this weekend, Ecopetrol confirmed that there have already been 60 attacks this year, a figure that has not only been affecting ecosystems and communities but also the more than 4,540 kilometers of pipeline that the oil company has in Colombia. (…) These attacks, although they have mostly occurred in Norte de Santander, Arauca, Nariño, and Putumayo, bring to the forefront the discussion about the high insecurity faced by oil activities in the country. (…) Of all the incidents that occurred in 2019, the Caño Limón-Coveñas field has been the most affected with 35 attacks. According to Ecopetrol, this area is followed by the Transandino Pipeline, with 19; the Mansoyá-Orito Pipeline (OMO), with two; and the Tibú Field, with two, among others.
Regional News
Source: Manantial Stereo
Date: October 08
Headline: National Electoral Council cancels registration of 8,600 ID cards in Casanare
Source: laopcion.com.co
Date: October 08
Headline: In Arauca: Opening of 4,900 spots for children and adolescents in the ‘Generations with Wellbeing’ program’
During President Iván Duque's government, resources have been invested in the department of Arauca for education, comprehensive care for children and adolescents, roads and road infrastructure, and improvement of the coverage of the public domestic gas service. Thus, the government has allocated resources of 79,737 million pesos for the fulfillment of 15 of the 28 commitments made in the Workshop Building Country held in Arauca. (…) The National Hydrocarbons Agency (ANH) through the Territorial Hydrocarbons Strategy in partnership with the Mayor's Office of Arauquita, the company OXY - Fundación Alcaraván, and the Emprender Fund, carried out this strengthening project that directly benefited 50 families and indirectly benefited 200 families. The project had an investment of 68,105,504 pesos.
Source: lavozdelcinaruco.com
Date: October 08
Headline: National government fulfills Arauca with the first commitments of the Workshop Building Country
The quotas are from the Generations with Wellbeing Program, traditional, rural, and ethnic modality. The government has allocated resources of 79.737 billion pesos for the fulfillment of 15 commitments made at the Workshop Building Country held in Saravena – Arauca. (…) The National Hydrocarbons Agency – ANH through the Territorial Hydrocarbons Strategy in partnership with the Municipal Mayor's Office, the company OXY – Alcaraván Foundation, and the Emprender Fund, carried out this strengthening project that directly benefited 50 families and indirectly benefited 200 families. The project had an investment of 68,105,504 million pesos.
Source: lavozdelcinaruco.com
Date: October 08
Headline: Dissidents responsible for terrorist attack in rural area of Arauquita
In a communication to the public, the commander of the Quirón Task Force, Colonel Arnulfo Traslaviña Sáchica, attributed the terrorist action to the Organized Armed Group Structure Décima in which a uniformed officer from the department of Cauca was killed. In this same action, another uniformed officer and a civilian were injured, who were evacuated from the area and are receiving medical attention at healthcare centers. (…) 2. The events occurred while troops from the Special Energy and Road Battalion No.1 were conducting military operations aimed at providing security to workers, as well as carrying out reconnaissance work on the route of the Caño Limón Coveñas pipeline, when they were attacked by approximately five members of the residual organized armed group Structure Décima, who were carrying long weapons and wearing clothing exclusive to the Public Force.
Source: lavozdelcinaruco.com
Date: October 08
Headline: Ecopetrol rejected terrorist action against Ismocol workers and the Army in Arauquita
The state oil company Ecopetrol rejected the violent actions recorded on the morning of this Monday in the rural area of Arauquita that resulted in the death of a soldier and left two people injured, one military and one civilian who was in charge of some work. Ecopetrol condemns the attacks by illegal groups that occurred in recent hours in La Pesquera, municipality of Arauquita in the department of Arauca, which caused the death of an Army soldier and left another uniformed officer and a worker from the allied company Ismocol injured, who was carrying out cleaning work in areas affected by oil spills due to attacks on the Caño Limón-Coveñas pipeline.
Source: noticierodelllano.com
Date: October 08
Headline: In Villavicencio and Meta, the most expensive gasoline in Colombia is paid
In the capital of Meta, the most expensive gasoline in Colombia is paid, despite being the department that produces the most oil. (…) With the closure of the road to Bogotá Villavicencio, Meta and the Llanos have lost billions of pesos, in the face of the indifference of this government, which has refused to declare the social and economic emergency that Governor Marcela Amaya has repeatedly requested, with the support of all sectors of society, but there is a lack of political will on the part of the high government, which only sends delegates, so that like the President, they promise but do not fulfill, while the economy in this region continues to suffer the consequences and unemployment reaches twelve point eight percent, they pointed out to the Noticiero del Llano.
Colombian Association of Oil and Gas