ACP as a source of information
Hydrocarbons Sector
Source: El Tiempo
Date: October 22
Headline: Ecopetrol raises its bet in Brazil
The purchase from Shell of 30% in the presalt discovery will give 90 million barrels to reserves progressively. Through its subsidiary Ecopetrol Óleo e Gás do Brasil Ltda., the oil company Ecopetrol signed an agreement with Shell Brasil Petróleo Ltda. to acquire 30 percent of the interests, rights, and obligations in two areas corresponding to the concession contract BM-S-54 and the production sharing contract Sul de Gato do Mato, located offshore in the Santos basin of Brazil, within the so-called presalt, one of the areas with the highest hydrocarbon potential in the world, in the hydrocarbon discovery called Gato do Mato. Under the terms of the agreement, Shell will reduce its participation from 80 percent to 50 percent and will continue as operator, while the French company Total will retain the remaining 20 percent.
Source: El Espectador
Date: October 22
Headline: Ecopetrol acquires stake in the Presalt area, Brazil
Ecopetrol se hizo con el 30 % del descubrimiento Gato do Mato, en Brasil. Este se compone de dos bloques en los que se han perforado tres pozos, en los que se encontró hidrocarburo liviano. Los bloques están ubicados en una zona llamada presal, reconocida como uno de los lugares con mayor potencial para el descubrimiento de hidrocarburos. Ecopetrol compra el 30 % de la participación en estos bloques a Shell, que antes con-taba con el 80 % y. luego del acuerdo con la petrolera colombiana, pasará al 50 %. Shell seguirá como el operador de la zona. La empresa francesa Total cuenta con el restante 20 %de participación.
Source: La República
Date: October 22
Headline: Ecopetrol has invested more than US$1.8 billion abroad this year
Ecopetrol announced yesterday that through its subsidiary in Brazil, Ecopetrol Óleo e Gás do Brasil Ltda., it signed an agreement with Shell Brasil Petróleo to acquire 30% of the interests, rights, and obligations in the hydrocarbon discovery called “Gato do Mato.” This new acquisition in Brazil for entry into the Gato Do Mato discovery adds to others made this year, the announcement of the foray into unconventional resources (UCR) in the Permian basin in the state of Texas (United States), and the transfer in favor of Ecopetrol of 10% of the Saturn block also in the Presalt. (…) «This is very good news regarding the increase and expansion of Ecopetrol's portfolio in regional assets, also due to the company's preparation for offshore projects, which we know is maturing in Colombia,» said Carlos Leal, chairman of the board of Acipet.
Source: La República
Date: October 22
Headline: Character of the day
Felipe Bayón, President of Ecopetrol. Ecopetrol, led by Felipe Bayón, announced the acquisition of 30% of the Gato do Mato discovery in Brazil, taking a stake from the multinational Shell. The company's most recent investments abroad total US$1.8 billion.
Source: Portafolio
Date: October 22
Headline: The Presalt, Ecopetrol's big offshore bet in deep waters of Brazil
With the purchase of the 30% stake in Shell in the Gato do Mato block, located in the so-called Pre-salt of Brazil, Ecopetrol lays its cards on the table, in a bet that seeks to bring crude oil reserves to the remnants of Colombia. (…) With the signing of the agreement, Shell will not only reduce its stake from 80% to 50%, but the French Total will also acquire 20%, and Ecopetrol will hold 30%. In addition to the oil companies, the Brazilian government also participates in the Production Sharing Contract through PreSal Petróleo S.A. (PPSA). (…) The other two operations that Ecopetrol is developing in the waters of the Pre-salt are the Pau-Brasil and Saturno blocks, also off the coast of the state of São Paulo. In the former, the oil company is advancing the task in a consortium (in which it has a 20% stake), which includes the British BP (50%) and the Chinese CNOOC (30%).
Source: La República
Date: October 22
Headline: Vote for development. By: Marc Eichmann
The statistics are unequivocal; over the last 15 years, an increasingly smaller proportion of Colombians suffer from the harshness of lack of opportunities and poverty, the country is developing for the well-being of the majority. The poverty levels that were around 50% in 2002 are now around 25%. There are fewer people going hungry, more people with housing, and generally better living conditions for more than 10 million Colombians. (…) It is called pure and simple economic growth, more work from our compatriots turning into well-being, and yes, more concrete, more asphalt, more oil exploitation, more steel, more companies making money, more mining, and more and better services.
Source: Portafolio
Date: October 22
Headline: Brent is already trading below US$59
Oil fell nearly 1% yesterday due to persistent negative comments that raise concerns about the trade war between the United States and China, which adds to worries about a slowdown in the global economy that would reduce oil demand. Futures for the benchmark Brent contract fell 46 cents, or 0.8%, to US$58.96 per barrel, while U.S. crude futures lost 47 cents, or 0.9%, to US$53.31 per barrel. (…) The OPEC+ alliance agreed in December to a joint supply reduction of 1.2 million barrels per day (bpd) starting this year.
Source: Portafolio
Date: October 22
Headline: Trump renews Chevron's license in Venezuela
The U.S. Department of the Treasury renewed on Monday a license that allows Chevron to continue operating in Venezuela for another three months until January 22, 2020. Some officials in President Donald Trump's administration opposed the renewal of the license, arguing that oil production supports President Nicolás Maduro in power by allowing him income and debt payments. (…) The general license also allows operations of oil and service companies for the Halliburton, Schlumberger, Baker Hughes, and Weatherford International sectors for the same period. In January, the United States sanctioned the Venezuelan state oil company Pdvsa in an attempt to force Maduro out.
Regional News
Source: laopcion.com.co
Date: October 21
In the municipal administration's boardroom, the cooperation agreement derived from the framework agreement for the massification of the public domestic gas service through networks in the municipality was socialized last Friday. (…) Eber Reina, head of the Municipal Planning Office, indicated that this agreement aims to gasify the 7 municipalities of Arauca and the municipality of Cubará in Boyacá; the project has an execution period of 60 months. This agreement derives from agreement 01 signed between the Government of Arauca, ODL, Ecopetrol, and the municipality of Tame, where the subsidy for 1200 people will begin, who will have the possibility of having the right to connection.
Source: laopcion.com.co
Date: October 21
Headline: In a dramatic traffic accident, the recognized Tameño Gustavo Díaz emerged unscathed.
The previous afternoon around 2:15 pm, a traffic accident was recorded involving a Toyota Hilux, the vehicle in which the recognized Tameño Gustavo Esteban Díaz was traveling. According to the account of the affected party, he had left the municipality of Puerto Rondón accompanied by three other people, after attending the campaign closing of the mayoral candidate for the municipality of Rondoneño, Arley Gallardo, and meeting with the candidate for the Governorship of Arauca, Facundo Castillo. (…) Gustavo Esteban Díaz is currently employed by Oxy, President of USO Tame, a prominent leader in supporting cultural and sports events in the Tameño municipality.
Source: lavozdelcinaruco.com
Date: October 21
Headline: «Eln guerrilla has become binational»: High Commissioner for Peace
Freddy Rangel, Diana María Toro, the mayoral candidate in the department of Chocó, and other hostages held by this subversive cell remain in a state of kidnapping by this guerrilla. The High Commissioner also condemned the installation of anti-personnel mines by this guerrilla in the national territory, which have been affecting children, farmers, members of the public force, as well as the constant explosions of oil pipelines in the country, especially the Caño Limón Coveñas, which are destroying the environment and water sources.
Source: casanarenoticias.com
Date: October 21
Headline: Yopal needs a true governor for everyone.
This was demonstrated in the La Bendición citadel during a citizen concentration of more than 15,000 supporters, who excitedly demanded that Marco Tulio Ruíz be their governor. The election on October 27 is one of the most important in the last 20 years. (…) Other works are underway. They are the double lane Yopal – Aguazul, and the rehabilitation Aguazul Villavicencio; the road through Sisga, which will cut more than an hour for Casanareños traveling to the capital of the country, and finally, an additional investment in the Cusiana road, for more than 70 billion pesos, which today allows Casanare and Boyacá to have better communication facilities for commercial exchange.
Colombian Association of Oil and Gas