ACP as a source of information
Source: unipymes.com – National
Date: November 18
Headline: Next year will be “decisive” for Colombia's hydrocarbons sector
Next year will be decisive for Colombia's oil and gas industry, as efforts to increase exploration and production advance amid tense relationships between companies and the community and security issues, sector experts said. The Colombian government is moving forward with its second oil auction of 2019, the cornerstone to boost the hydrocarbons sector and attract new investments. “I believe that (2020) will be a better year. I think many of the decisions the government has made, especially to reactivate oil and gas activity, will start to bear fruit,” said Francisco Lloreda, president of the private Colombian Petroleum Association (ACP) during an annual hydrocarbons conference. (…) These difficulties are the main challenges for the industry next year, said Luis Miguel Morelli, president of the state National Hydrocarbons Agency (ANH) to Reuters.
Source: millanotv.co – Regional
Date: November 18
Headline: Debate on environmental, social, and economic issues enriched the II Oil and Gas Summit Mi Llano TV
The President of the Republic, Iván Duque Márquez, closed the II Oil and Gas Summit, ‘Opportunities and challenges of the new energy revolution’, which brought together the most important actors in the sector and recognized national and international experts for three days to discuss current issues such as Climate Change, renewable energies, public policies, royalties, and the negative and positive impacts generated by this industry, (…) For his part, the president of the Colombian Petroleum Association (ACP), Francisco José Lloreda Mera, reaffirmed the commitment of the hydrocarbons industry to the energy diversification process. “Renewable energies are here to stay, and that is achieved with resources. Moreover, economic diversification and the energy transformation of the country will be less complex if we have a sector like the oil sector that can leverage them,” emphasized Lloreda. (…) Journalists from various regions of the country attended the summit invited by the oil sector guilds and with the sponsorship of the ANH and Ecopetrol, who thanked for this opportunity to learn about the future of this industry and interact with the main authorities of the country's energy sector.
Source: El Tiempo – National
Date: November 17
Headline: A key week
The tension over the entry of three new sectors into the National Gremial Council remains. This week should define the arrival of Asomóvil (which groups mobile phone companies), Naturgás (from that hydrocarbons sector), and ACP (from the oil sector). However, there is not much atmosphere in Andi for this to happen; therefore, even the executives of Terpel, Frontera Energy, and Geopark Colombia sent a letter to the Gremial Council for the ACP to be accepted as a member. eltiempo.com (November 16).
Source: El País – Regional
Author: Francisco José Lloreda Mera
Date: November 17
Headline: A dangerous trend. By: Francisco José Lloreda Mera
It became fashionable to protest regardless of whether there are objective reasons to do so. It seems to be a way to exorcise frustrations, expectations, and fears in a troubled world, where uncertainty and anger have been exacerbating. It happened in Hong Kong, Paris, Bolivia, Chile, and Ecuador, so how could it not happen in Colombia? We couldn't fall behind: we had to organize one here that was equally or more impactful. The problem is not in protesting; fortunately, everyone is free to do and say what they want within a legal framework. It is also a constitutional right we have in Colombia. It was echoed in: elpais.com.co (November 17).
Source: eleconomistaamerica.co – National
Date: November 17
Headline: The oil industry highlights the Government's commitment to the development and promotion of the sector
During the closing of the II Oil and Gas Summit, considered the most important event in the sector in Colombia, the Director of the Colombian Petroleum Association (ACP), Francisco José Lloreda, highlighted the commitment and support that the industry has received from the Government of President Iván Duque Márquez, and valued the results obtained in economic matters. (…) During the closing of the II Oil and Gas Summit, considered the most important event in the sector in Colombia, the Director of the Colombian Petroleum Association (ACP), Francisco José Lloreda, highlighted the commitment and support that the industry has received from the Government of President Iván Duque Márquez, and valued the results obtained in economic matters.
Source: petroguia.com – National
Date: November 17
Headline: 4 million barrels of oil have been spilled in 30 years due to guerrilla blockades in Colombia
The president of the Colombian Petroleum Association, Francisco Lloreda, on behalf of the unions linked to the hydrocarbons sector, was responsible for giving the closing conference of the II Oil and Gas Summit held in Bogotá; and in his words, he highlighted the support that this productive activity has received from the government of Iván Duque over the past year, but he did not fail to warn about the critical aspects of the development of this sector. “Today I can say, without prejudice to the challenges we have, that you and your government team decided to bet on the industry, for which we are grateful. You are clear about its strategic importance for the country,” Lloreda said directly to the Colombian president.
Source: laschivasdelllano.com – Regional
Date: November 17
Headline: Debate on environmental, social, and economic issues enriched the II Oil and Gas Summit
The President of the Republic, Iván Duque Márquez, closed the II Oil and Gas Summit, ‘Opportunities and challenges of the new energy revolution’, which brought together the most important actors in the sector and recognized national and international experts for three days to discuss current issues such as Climate Change, renewable energies, public policies, royalties, and the negative and positive impacts generated by this industry, (…) For his part, the president of the Colombian Petroleum Association (ACP), Francisco José Lloreda Mera, reaffirmed the commitment of the hydrocarbons industry to the energy diversification process. “Renewable energies are here to stay, and that is achieved with resources. Moreover, economic diversification and the energy transformation of the country will be less complex if we have a sector like the oil sector that can leverage them,” emphasized Lloreda. (…) Journalists from various regions of the country attended the summit invited by the oil sector guilds and with the sponsorship of the ANH and Ecopetrol, who thanked for this opportunity to learn about the future of this industry and interact with the main authorities of the country's energy sector.
Source: El Tiempo – National
Date: November 16
Headline: They seek to unlock US$500 million in oil investment
ANH will submit a draft agreement for approval to change the model for transferring obligations. In an attempt to increase the search for new oil and gas resources, complementing the permanent area allocation process, whose second auction of 59 blocks will take place on November 26, the Government, through the National Hydrocarbons Agency (ANH), is preparing an adjustment to the sector's rules. (…) For his part, the president of the Colombian Petroleum Association (ACP), Francisco José Lloreda, highlighted that one of the top five challenges is to have reasonable timelines for procedures, as it can take six to seven years from the signing of a contract to the commercialization of the hydrocarbon, and 83 percent of that time is spent on procedures. (…) The oil company Geopark finalized the purchase of Amerisur Resources, in a deal for 242 million pounds sterling, about 312 million dollars. It was reported in: eltiempo.com (November 15).
Source: La República – National
Date: November 16
Headline: «Colombia is an example in the rules of the oil industry»
One of the women leaders in the hydrocarbons industry in Colombia is María Victoria Riaño. The executive, in charge of the presidency of Equión Energía Limited, a subsidiary of Ecopetrol, believes that the industry is on the right track. Although she adds that work must be done on gender equity and socializing what is coming with the changes to the General System of Royalties, she warns that Colombia has managed to establish itself as an example in terms of clear rules and contract structuring. In a dialogue with LR, Riaño talks about the company, the reactivation of the sector, the balance of 2019, and the reversal of the association contract of Piedemonte to Ecopetrol, which, she says, will take place on February 29 and will be fundamental in defining the next investments the company will make. (…) Francisco Lloreda, President of the ACP «We have a handful of consolidated companies that despite the price crisis and its volatility and the complexities of our country continue to bet on Colombia.».
Source: El Nuevo Siglo – National
Date: November 16
Headline: The oil sector reaffirms its commitment to the energy diversification process in the country
The President of the Republic, Iván Duque Márquez, closed the II Oil and Gas Summit, opportunities and challenges of the new energy revolution, which brought together the most important actors in the sector for three days. The President called for reconciliation and the collective construction of a country with more equity, and pointed out that in that work, the oil and gas industry is fundamental. (…) In that sense, the president of the Colombian Petroleum Association, Francisco José Lloreda Mera, reaffirmed the commitment of the hydrocarbons industry to the energy diversification process: “Renewables are here to stay (…) this is achieved with resources. Moreover, economic diversification and the energy transformation of the country will be less complex if we have a sector like the oil sector that can leverage them.” It was reported in: elnuevosiglo.com.co (November 15), prensalibrecasanare.com (November 16).
Source: La Nación – Regional
Date: November 16
Headline: Royalties have allowed many companies to reach the territories: Duque
At the closing of the II Oil and Gas Summit, President Iván Duque highlighted the importance of the reform to the General Royalties System, and stated that the hydrocarbons sector plays a fundamental role in the growth of the country's economy. During the closing of the II Oil and Gas Summit, considered the most important event in the sector in Colombia, President Iván Duque emphasized the importance of the reform to the General Royalties System (…) For his part, the president of the Colombian Petroleum Association (ACP), Francisco José Lloreda, highlighted the commitment and support that the industry has received from the government of President Iván Duque Márquez, and valued the results obtained in economic matters. It was reported in: lanacion.com.co (November 16).
Source: eldiariodelllano.com – Regional
Date: November 16
Headline: With winds of industry reactivation, the II Oil and Gas Summit concluded
The President of the Republic, Iván Duque Márquez, closed the II Oil and Gas Summit, which brought together the most important actors in the sector in the city of Bogotá for three days. The president called for reconciliation and the collective construction of a country with more equity, and pointed out that in that work, the oil and gas industry is fundamental. (…) In that sense, the president of the Colombian Petroleum Association, Francisco José Lloreda Mera, reaffirmed the commitment of the hydrocarbons industry in the energy diversification process: “Renewables have come to stay (…) this is achieved with resources. Moreover, the economic diversification and energy transformation of the country will be less complex if we have a sector like the oil sector that can leverage them.”.
Source: llaneraradio.com – Regional
Date: November 16
Headline: The oil industry highlights the commitment and support of President Duque's Government for the development and promotion of the sector in the country
During the closing of the II Oil and Gas Summit, considered the most important event in the sector in Colombia, the Director of the Colombian Petroleum Association (ACP), Francisco José Lloreda, highlighted the commitment and support that the industry has received from the Government of President Iván Duque Márquez, and valued the results obtained in economic matters. “Today I can say, without prejudice to the enormous challenges that the oil industry has ahead, that you, Mr. President Duque, and your government team, have put everything on the line for this industry, for which we thank you. You are clear about its strategic importance for the country,” affirmed the Director of the ACP. (…) Lloreda assured that “the advances of the industry in these 15 months of Government, of your Government, President Duque, have been significant. I want to say, without euphemisms, that the oil and gas industry has found in you and in the Minister of Energy (María Fernanda Suárez), in the entire Government, an invaluable support.”.
Source: Diario del Huila – Regional
Date: November 16
Headline: Closing of the Oil and Gas Summit set future directions
The oil and gas industry in Colombia is in a process of reactivation, as stated by the President of the Colombian Petroleum Association, Francisco José Lloreda Mera, during the II Oil and Gas Summit held in the city of Bogotá. (…) Lloreda Mera referenced the exploratory bets of companies such as Grantierra, Amerisur, and Vetra in Putumayo; Parex, Geopark, Frontera, Hupecol, Perenco, Cepsa, Emerald, Tecpetrol, ONGC, and Hocol in the Eastern Plains, and many other companies in different regions, which have allowed the incorporation of nearly 800 million barrels of new oil reserves in the last decade, resulting from investments that for that period exceeded 10.5 billion dollars, in addition to being an important source of contracting goods, services, and labor. (…) In this regard, he stated that his entity has started with the ANH the evaluation of a series of initiatives, which it hopes will be well received by the Board of Directors. It was reported in: diariodelhuila.com (November 16).
Source: Voz Claveriana – Regional
Date: November 15
Source: Caracol TV - National
Date: November 15
Headline: The Colombian economy shows growth according to figures from DANE and some analysts. President Duque highlighted the good numbers of the economy. ACP Logo. Min. 1:33
Source: CM& – National
Date: November 15
Headline: President Iván Duque called on Congress to maintain tax incentives in the financing bill, during the Oil and Gas Summit, stating that thinking of that fair Colombia, Dr. Lloreda, is why they lowered the tax burden on the company. Image of Francisco Lloreda. Min. 0:31
Source: CM& – National
Date: November 15
Headline: The president of Ecopetrol Felipe Bayón announced that the company is ready to develop next year the pilot projects for fracking technology, after the announced agreement with OXY, to drill in the U.S. The ANH announced a draft agreement to unlock 500 million dollars in contracts in the sector. Image. Francisco Lloreda. Min. 0:26
Source: radiosantafe.com – National
Date: November 15
Headline: They inaugurate the first energy charging point for electric vehicles on the Bogotá – Medellín road
At 10:00 AM this Friday, at the Terpel Weigh Station, at the exit of the Bogotá – Medellín road, President Iván Duque inaugurated the first energy charging point for electric vehicles implemented by Terpel, an act with which this company launched its electric mobility strategy. (…) Closing of the II Oil and Gas Summit. Then, at 11:30 AM, at the Ágora Convention Center in Bogotá, the President will attend the closing of the II Oil and Gas Summit, an event considered the most important in the sector in Colombia. (…) This event is organized by the Oil Gremial Committee (CGP), composed of the Colombian Petroleum Association (ACP), the Colombian Chamber of Oil Goods and Services (Campetrol), the Colombian Association of Petroleum Engineers (Acipet), the Colombian Association of Geologists and Geophysicists of Petroleum (Acggp), and the Colombian Association of Engineers (Aciem).
Source: laschivasdelllano.com – Regional
Date: November 15
Headline: The oil and gas industry is contributing to the country's environmental research: MinAmbiente
The Minister of Environment and Sustainable Development, Ricardo Lozano, participated in an academic session on the hydrocarbon sector in light of new environmental challenges: climate change, deforestation, and circular economy. On the second day of the II Oil and Gas Summit, opportunities and challenges of the new energy revolution, organized by the Oil Guild Committee, the Minister of Environment and Sustainable Development, Ricardo Lozano, celebrated the contribution of the hydrocarbon industry in generating environmental knowledge and information, especially in offshore operations. (…) The II Oil and Gas Summit is organized by the Oil Guild Committee (CGP) composed of the Colombian Petroleum Association (ACP), the Colombian Chamber of Oil Goods and Services (CAMPETROL), the Colombian Association of Petroleum Engineers (ACIPET), the Colombian Association of Geologists and Geophysicists of Petroleum (ACGGP), and the Colombian Association of Engineers (ACIEM).
Source: 1250amcapitalradio.com – Regional
Date: November 15
Headline: Hydrocarbon industry, key in the goal of achieving a fair and equitable Colombia: President Iván Duque
The President of the Republic, Iván Duque Márquez, closed the II Oil and Gas Summit, opportunities and challenges of the new energy revolution, which brought together the most important actors in the sector for three days. The president called for reconciliation and the collective construction of a country with more equity, and pointed out that in that work, the oil and gas industry is fundamental. (…) In that sense, the president of the Colombian Petroleum Association, Francisco José Lloreda Mera, reaffirmed the commitment of the hydrocarbon industry in the process of energy diversification: “Renewables are here to stay (…) that is achieved with resources. Moreover, the economic diversification and energy transformation of the country will be less complex if we have a sector like the oil sector that can leverage them.”.
Source: suversion.com.co – Regional
Date: November 15
Headline: In the oil and gas industry, we are doing well, we must do more: Francisco Lloreda
At the conclusion of the II Oil and Gas Summit, the president of the Colombian Petroleum Association, Francisco José Lloreda, highlighted the resilience of this sector to face the crisis that arose a few years ago, and reaffirmed that the industry is an ally of the government in the search for economic development. He also praised the women in the sector, especially the president of Equión, (…) He also stated that: The oil and gas industry in Colombia is in a process of reactivation. Important decisions have been made that are beginning to take effect. There is a recovery in reserves and an increase in production. In addition to new areas, new exploration and production contracts onshore and offshore, and new deposits and techniques on the horizon, to develop the enormous potential we have, and to which the Minister of Mines and Energy, María Fernanda Suarez, the President of the National Hydrocarbons Agency, Luis Miguel Morelli, and the President of Ecopetrol, Felipe Bayón, referred…».
Hydrocarbons Sector
Source: El Tiempo
Date: November 18
Headline: U.S. Ambassador reveals position on the Eln case
Mr. Ambassador Philip Goldberg, the United States supported and continues to support the process with the Farc. Would you view positively the possibility of opening another with the Eln? It is the Colombian government that has to decide, and for now, it is not doing so, for very understandable reasons, including the horrific attack that occurred last January at the Police School. (…) I know that there are many people on our side and on the Colombian side making great efforts to tackle all the problems associated with drug trafficking. That is to say, we are doing a lot to investigate how they launder money, how they import or, in some cases, steal the chemicals and oil they need; the Eln and others steal oil from pipelines, from Caño Limón. We are making a comprehensive effort to confront drug trafficking, and we have very good colleagues on the Colombian side who are doing the same.
Source: El Tiempo
Date: November 18
Headline: Appointments
Germán Arce. BNP Paribas. The former Minister of Mines and Energy Germán Arce was appointed as a principal member of the board of directors of BNP Paribas Colombia Financial Corporation. In addition to having 18 years of experience in the financial sector, he also served as Deputy Minister of Finance.
Source: El Tiempo
Date: November 18
Headline: ‘The reactivation of Latin America will not come from oil’
Last year, according to BP's Statistical Review of World Energy, Latin America produced 8.6 million barrels per day (b. p. d.) of oil, almost 9% of the global total. Although traditionally the two main regional producers were Mexico and Venezuela, Brazil has now surpassed them and will remain the largest Latin American producer as far as can be foreseen. Brazilian production (almost all from ‘offshore’ fields) reached a record of 2.78 million b. p. d. in July (…) In Colombia, on the other hand, unconventional oil extraction has faced legal obstacles. It is expected that the country's current oil production (886,000 b. p. d.) will decline in the coming years due to the significant scarcity of reserves (which currently equate to 6.2 years of production). Fracking could extend reserves to over ten years and increase production by 50%, but the start of projects of this nature may take several years.
Source: El Espectador
Date: November 18
Headline: Strike for life and social justice. By: Diana María Ramírez Sarmiento
Framing processes, understood as those values, conceptual schemes, and cognitive frameworks that cohere communities around a common claim, have become one of the main catalysts of social movements. (…) to reject the significant increase in unemployment, high levels of inequality, and the lack of fair working conditions that contribute to social mobility; to protect the environment and peripheral communities from fracking; to defend animals and ecosystems that are at risk due to problematic government resolutions.
Source: La República
Date: November 18
Headline: Enka and ETB, the companies that have increased their profits the most
In the third quarter of the year, the Colombian economy has shown better results than other countries in the region, the latest GDP data, provided by Dane, evidenced a growth of 3.31%, reflecting that we are above major countries in Latin America, and even above the accumulated growth of the entire region. (…) A survey by LR, based on data provided by companies and reported to investors, showed that Enka de Colombia, Canacol, and ETB lead the top 3 companies that grew the most in their net profit. (…) The second on the list is Canacol with an increase of 258%, which has been driving its growth for several quarters with gas sales; which in times of low oil prices protected the company's cash flow.
Source: Portafolio
Date: November 18
Headline: Small investors will be able to extract oil
The National Government is preparing the roadmap with which it seeks to offer a package of emerging oil blocks, called ‘League B’, among small and medium investors. The task, with which the National Hydrocarbons Agency (ANH) practically opens a second front of promotion, is being structured by the international consulting firm Wood-McKenzie, which is finalizing the last details of the plan. (…) “In the structuring outlined by Wood-McKenzie, the financial and operational capacities for small and medium oil companies that might be interested in promoting the emerging block package have already been studied and defined, now it only remains to submit it to the ANH Board of Directors for approval,” emphasized Morelli.
Source: El Colombiano
Date: November 18
Headline: Aramco, ready to go public
The Saudi oil company Aramco set its valuation for the stock market debut in a range of between 1.5 and 1.7 trillion dollars. The intention of the oil giant is to generate about 25 billion dollars with the sale of 1.5% of shares. It is worth noting that this firm represents 10% of the oil produced worldwide.
Source: El Colombiano
Date: November 18
Headline: Ecopetrol would add US$5.000 million in investments
Felipe Bayón, president of Ecopetrol, confirmed that the company would close this year with investments of up to 5,000 million dollars, according to the Colprensa agency. The figure would reach “due to the financial sustainability of the company and the efficiency program that has been employed,” according to the executive himself.
Source: El Nuevo Día
Date: November 18
Headline: ‘Oil, the industry that drives foreign investment the most,’ Iván Duque
At the closing of the II Oil and Gas Summit, held in Bogotá, the president of the Republic, Iván Duque, reaffirmed the importance of the hydrocarbons industry for the country, and added that it is necessary to continue regaining business confidence. Duque assured that this industry has had as its principle to take advantage of the wealth of the subsoil to address the poverty of the soil. In fact, he added that today this sector has become one of the main industries in the country, which is not only a source of foreign investment but also allows for the mobilization of a large amount of foreign currency. (…) At the Summit, the president of the National Hydrocarbons Agency, Luis Miguel Morelli, celebrated the acquisition of GeoPark by Amerisur, and highlighted the advances and the roadmap ahead for the sector. Morelli assured that reactivation has indeed been achieved, as investments of 2,200 million dollars are already planned. However, he warned that work continues on the brink of the second oil auction of the year.
Source: El Pilón
Date: November 18
Headline: The potential of Colombia lies in hydrocarbon exploration. By: Carlos Alberto Leal Niño
In the framework of the II Oil and Gas Summit, held in Bogotá, the Colombian Association of Petroleum Engineers (Acipet) carried out the XVIII Colombian Congress of Oil and Gas, the most important technical event in the hydrocarbons sector in the country. The opening of the event was led by the Minister of Mines and Energy, María Fernanda Suárez, who emphasized that the country needs to carry out more exploratory and seismic activity. (…) In one of the technical sessions, the National Hydrocarbons Agency framed the importance of exploratory activity in offshore deposits, as the country only has 70 wells drilled in shallow waters of the Caribbean. For the ANH, it is vital to increase knowledge about offshore basins, for which reason it has designed strategies to continue acquiring knowledge, with the aim of fostering competitive processes and investment. Additionally, to unify 2D and 3D seismic information, equalize parameters, and have a single volume.
Source: El Tiempo
Date: November 17
Headline: With the accelerator to the floor
At one in the morning last Friday, Bernardo Molina managed to park his blue Kenworth tractor-trailer, model 2010, in the industrial area of Bogotá. Tired, after battling with the capital's traffic, he parked in the maneuvering yard of the company that hired him to bring a container of goods from Buenaventura. (…) Perhaps the simplest option of all, when it comes to money for infrastructure, is to privatize some state asset. Selling part of Ecopetrol is an option that is frequently mentioned, noting that the decision has an important political component. Using ten trillion pesos from royalties sounds like a good idea, but it requires the cooperation of departments and municipalities.
Source: El Tiempo
Date: November 17
Headline: Marches and elections. By: Germán Vargas Lleras
With the announced march next Thursday, the presidential campaign officially begins. The motivation for this is clearly political, no matter the angle from which it is viewed. Its promoters and demands are of very diverse nature. (…) There will also be protests against the privatizations of Ecopetrol and ISA, which were in the Government's plan but will no longer happen; against the establishment of a state financial holding and the supposed labor massacre that it will cause, and, of course, against the tax reform and also against corruption, against the restriction of the right to protest, for the non-compliance with agreements with teachers, with students, with farmers, with indigenous people, with everyone; and also – this could not be missing – against the auction of the electromagnetic spectrum.
Source: El Nuevo Siglo
Date: November 17
Headline: «Projects with royalties are no longer approved in 150 days, but in 60»
Many benefits for the regions come from the legislative act that is being processed in Congress to reform the distribution of royalties, (…) ENS: To clarify, does this law not take resources away from any region? LAR: No. There is an increase for producing regions and a decrease for non-producing ones, and the source to be clear is to reduce a little in savings. (…) ENS: There is an uproar in the Government because Ecopetrol's profits have been very good and there has been no thought of selling national assets. What effect will this have? Higher royalties in the new system? By how much could the Biennial Budget increase if a good price and production are maintained? LAR: What we intend is that profits from price surpluses allow for financing more and more projects. I disagree with you that there is excitement in the national Government due to the increase in Ecopetrol's profits.
Source: El Colombiano
Date: November 17
Headline: Oil spill causes environmental emergency
A group of 50 Ecopetrol workers worked on Monday to contain an environmental emergency due to the presence of hydrocarbons in the Sardinata River, in the Catatumbo region (Norte de Santander) in the area of influence of the Caño Limón – Coveñas pipeline. The company detailed that “they are providing protection with mechanical barriers at the intake of the Campo Dos aqueduct.” Ecopetrol recommended that nearby residents refrain from drinking water from the river.
Source: Vanguardia Liberal
Date: November 17
Headline: Ecopetrol would end 2019 with investments of up to US$5,000 million
The president of Ecopetrol, Felipe Bayón, confirmed that the company would close this year with investments of up to US$5,000 million. The executive assured that this figure would be due to the financial sustainability of the oil company and the efficiency program that has been implemented. (…) He added that this week seismic work began in Col-5, a block that was awarded this year and is located in the Colombian Caribbean Sea. (…) On November 13, Ecopetrol and OXY closed an investment agreement in the Permian Basin in the United States.
Source: El Nuevo Día
Date: November 17
Headline: Ecopetrol ends the year with investments of up to 5,000 million dollars
The president of Ecopetrol, Felipe Bayón, confirmed that the company would close this year with investments of up to 5,000 million dollars. The executive assured that this figure would be due to the financial sustainability of the company and the efficiency program that has been implemented. Bayón highlighted the outstanding results of the companies, after reaching 9.2 trillion pesos in profits by the third quarter. In this regard, he expressed that they continue to consolidate their internationalization and exploration plan. (…) He added that they are analyzing for 25 Colombian employees to be in the Permian. All this to gain experience and knowledge, while the National Government, through the Ministry of Mines and Energy, defines the protocols to develop fracking pilots in the country.
Source: RCN Radio.
Date: November 17
Headline: Oil spill affects several crops in Cúcuta, due to the installation of illegal valves in a section of Ecopetrol's pumping line, a contingency plan was activated
Source: RCN Radio.
Date: November 17
Headline: Ecopetrol activated a contingency plan in the rural area of Cúcuta due to an oil spill, following the installation of an illegal valve in a section of Ecopetrol's pumping line. Statements from Gregorio Angarita, director of Corponor in the department
Source: rcnradio.com
Date: November 17
Headline: Environmental emergency due to oil spill in Norte de Santander
The emergency occurred due to the installation of an illegal valve on the pipeline. The installation of illegal valves in a section of Ecopetrol's pumping line caused an oil spill in the Monteverde village, rural area of the city of Cúcuta (Norte de Santander). (…) Gregorio Angarita, director of Corponor in Norte de Santander, referred to the serious environmental damage being recorded due to these actions that are generating concern among environmental and regional authorities. (…) Angarita indicated that this phenomenon is directly related to the illegal extraction of fuel from the Caño Limón-Coveñas pipelines and oil pumping wells, a situation that is causing incalculable environmental damage, directly impacting water bodies and the ecosystem.
Source: laschivasdelllano.com
Date: November 17
Headline: An oil field was taken
In Puerto Boyacá, a subcontractor occupied the Turpial field improperly. A complaint was filed with the National Hydrocarbons Agency, the Attorney General's Office, the Mayor's Office of Puerto Boyacá, and other authorities regarding the improper occupation of the TPL oil exploration field. According to Manuel Aldana, national manager of the company, they received authorization to explore and exploit hydrocarbons in an area of the Boyacá municipality; therefore, in February 2019, TPL contracted Venemar to carry out operational activities in the field. (…) “They forcibly entered the field, broke chains, locks, and settled there,” he stated. The magnitude of the problem is such that the National Hydrocarbons Agency (ANH) issued a statement asserting that the only authorized operator to carry out oil exploitation and exploration in the Turpial field is TPL Colombia.
Source: La República
Date: November 16
Headline: The purchase of Amerisur by GeoPark will be completed in January 2020
GeoPark announced that it will buy Amerisur Resources, and the firm estimates that this transaction aims to «increase production to 100,000 barrels of oil equivalent per day (boepd).» The purchase is expected to be completed in December 2019 or January of the following year. (…) With this move, GeoPark's assets will include, for example, «12 production, development, and exploration blocks in Colombia, covering 2.5 million gross acres, including 11 operated blocks in the Putumayo basin and the non-operated CPO-5 block in the Llanos basin, a successful operational team, and the Binational Amerisur Pipeline (the «OBA») and an export pipeline from Colombia to Ecuador.».
Source: La República
Date: November 16
Headline: Character of the day. Felipe Bayón
Felipe Bayón. President of Ecopetrol. Ecopetrol announced that the company would end this year with investments of up to US$5,000 million. Felipe Bayón, president of the oil company, stated that they will achieve this through the financial sustainability projects that the company is undertaking.
Source: Portafolio
Date: November 16
Headline: GeoPark acquires Amerisur assets
In recent hours, a movement was announced to the national oil market that reshapes the board of hydrocarbon companies operating in the south of the country. This is the acquisition by GeoPark of the assets held by the British multinational Amerisur in Colombia. Through a statement, the former made the respective announcement of the transaction, emphasizing that the acquisition aligns with its strategy to expand and strengthen its operations in the national territory to meet the medium-term goal of producing 100,000 barrels of oil.
Source: Portafolio
Date: November 16
Headline: YPF, Chevron, and Oxy, after ‘fracking’ pilot’
Ecopetrol continues with the preparations to carry out this task, but while the Government does not regulate the protocols that will define the conditions for that operation, the chosen one will not be announced.
Source: El Nuevo Siglo
Date: November 16
Headline: Star Minister. By: Luis Carlos Peña Mosquera
“Colombia is a diverse and multicultural country, a country for everyone and of everyone.” It is the responsibility of the Ministry of the Interior to exercise leadership and coordination of public policies for the strengthening of democracy, coexistence, and citizen participation, the enjoyment of rights and public freedoms, and the full exercise of the Social State of Law, as well as to lead the articulation of policies aimed at strengthening decentralization (…) In its effort to guarantee consultation with indigenous peoples, 216 agreements were reached, which pertain to structural issues, where the mining-energy development, hydrocarbons, and infrastructure of the country were called into question.
Source: Semana
Date: November 16
Headline: Boost to exploration
The country is still in a race against time to not lose its oil self-sufficiency. To achieve this, it must advance in areas such as offshore exploration, the regulation of unconventional reservoir pilots (fracking), technologies to increase the recovery factor in already discovered fields, and continue promoting exploration. In this regard, the director of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli, has stated that in the exploratory phase of the Permanent Process of Area Assignment, they would drill up to 200 wells. On November 26, in a second auction, 59 blocks will be put on the market. Total expectation.
Source: El Universal
Date: November 16
Headline: Reinvigoration of the oil industry
The Caribbean Coast will become an important player in this process, warned the president of the National Hydrocarbons Agency, Luis Miguel Morelli. “The reactivation of the oil industry is underway,” expressed the president of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli Navia, at the last session of the II Oil and Gas Summit, which concluded yesterday in Bogotá. The reactivation strategy called ‘New Horizon’ is built on five elements: the update of the land map, the opening of the offshore exploration line, the implementation of the new Permanent Process of Area Assignment (PPAA), the modification of field recovery, and the promotion of recovery activities.
Source: El Meridiano de Sucre
Date: November 16
Headline: Oil bidding
The ANH confirmed that the second auction of oil blocks of the year will be on November 26. 59 blocks will be offered among 26 companies.
Source: El Frente
Date: November 16
Headline: Hydrocarbons, fundamental in the energy transformation: Minenergía
During her intervention at the opening of the II Oil and Gas Summit, the Minister of Mines and Energy, María Fernanda Suárez, emphasized that while the country has made significant progress in diversifying the energy matrix, following the success of the renewable energy auction, hydrocarbons will continue to be an important part of the transition. (…) In this regard, she highlighted the actions and strategies that have allowed progress in the reactivation of the sector, including offshore exploration, the reactivation of contracts, the promotion of continental deposits, enhanced recovery technologies, and alternatives in unconventional deposits. (…) “There are many challenges in the territories to leave the wealth underground. We must invest it wisely. The government's bet is that the oil and gas industry continues to grow, and that we put that prosperity to the service of diversifying the economy,” pointed out Minister María Fernanda Suárez.
Source: Boyacá 7 Días
Date: November 16
Headline: An oil field was taken
In Puerto Boyacá, a subcontractor occupied the Turpial field improperly. A complaint was filed with the National Hydrocarbons Agency, the Attorney General's Office, the Mayor's Office of Puerto Boyacá, and other authorities regarding the improper occupation of the TPL oil exploration field. According to Manuel Aldana, national manager of the company, they received authorization to explore and exploit hydrocarbons in an area of the Boyacá municipality; therefore, in February 2019, TPL contracted Venemar to carry out operational activities in the field. (…) “They forcibly entered the field, broke chains, locks, and settled there,” he stated. The magnitude of the problem is such that the National Hydrocarbons Agency (ANH) issued a statement asserting that the only authorized operator to carry out oil exploitation and exploration in the Turpial field is TPL Colombia.
Source: diariodecasanare.com
Date: November 16
Headline: Government and oil companies agreed to improve the road to Bocas del Pauto
The Secretary of Public Works and the companies Cepsa, Parex, and Frontera Energy will invest nearly 1.2 billion for the maintenance of the road. The Government of Casanare, in its service to the community and in search of solutions to the problems arising from the deterioration of the Trinidad – Bocas del Pauto road, reached an agreement with the oil companies Cepsa, Parex, and Frontera Energy, where it was agreed to invest nearly 1.2 billion to deliver the road corridor in optimal conditions, where the Departmental Administration commits to supplying the material required for the road. Héctor Miguel Gonzáles, Secretary of Public Works and Transport of Casanare, stated that the immediate actions will consist of addressing critical points and maintaining the more than 90 kilometers of the road.
Regional News
Source: prensalibrecasanare.com
Date: November 18
Headline: Emergency due to “well kick” in Tauramena
An emergency was reported in the Max oil field of block Llanos 34 in the municipality of Tauramena, which generated alarm in the community of the La Urama village. According to reports, what is known in the oil industry as a «well kick» occurred due to overpressure, which triggers an imminent high-pressure leak of crude oil, gas, and water, which are the elements involved in the hydrocarbon mixture. The Max Well is operated by the company Geopark and is managed by the company Ommia. The emergency was controlled, and work continues today to mitigate the impact with contingency groups.
Source: llanoalmundo.com
Date: November 16
Headline: Contingency plan activated to address gasoline leak on Ecopetrol property in the municipality of Acacías
Ecopetrol reports that on the morning of November 16, it activated its contingency plan to address a gasoline leak reported on an easement of Ecopetrol in the Montelíbano village of the municipality of Acacías, in Meta. The leak of the diluent comes from a rupture in a gasoline distribution line leading to cluster 15 of the Chichimene production field of Ecopetrol, which spread over the ground and onto a nearby natural water runoff. (…) Additionally, near the road where the property is located, Ecopetrol's contingency personnel are conducting gas monitoring, which so far shows no impact on people, animals, or vehicles passing through the area.
Source: radionoticiascasanare.com
Date: November 16
Headline: Transition meeting held at the Government of Casanare
With the signing of the handover act of the management report, which contains relevant information from January 1, 2016, to September 30, 2019, the formal process of transition between the incoming and outgoing administration of the department officially began. “I hand over a viable Department, a highway for investment, with a friendly government, a united Congress, and a people that wants to keep moving forward,” said Governor Josué Alirio Barrera during the installation of the commission.
Source: laopcion.com.co
Date: November 15
Headline: Concern over fuel continues, Tameño councilor calls for authorities' control
Esteban Fuentes, councilor of the conservative party, calls for greater control by the authorities over the sale, marketing, and costs of fuel in the Cradle of Liberty. He indicated that taxi drivers are concerned about the problems that have arisen; they approached him to draw attention to the already known situation of shortages and high costs. He noted that curiously, the subsidized fuel ran out in the evening hours, but the next day, citizens did find fuel (gasoline) for sale but at national price.
Source: rcnradio.com
Date: November 15
Headline: They warn of possible corruption in PAE of Yopal
The overseer Carlos Bellon said that the consortium is not complying with the contract. If there is anything that arouses indignation in Colombia, it is the corruption that may occur around programs that benefit minors. In this regard, this Friday a harsh warning has been made regarding the School Feeding Program (PAE) in Yopal – Casanare. In the Council of that capital, in recent hours, some indications have emerged that the consortium Unión Temporal Alimentario Yopal 2019 may not be complying with school feeding. This could be impacting more than 11,000 children.
Source: suversion.com.co
Date: November 15
Headline: Arauca consolidates as a powerhouse in cocoa in Colombia
The department of Arauca consolidates as the second largest producer of cocoa in Colombia, with nearly 17,000 cultivated hectares, and a production close to 10,000 tons per year, generating around 18,000 jobs, benefiting 4,500 families; just a few days ago, they were approved a project from the Ocad of science and technology for 24 billion pesos. But the development of the cocoa chain in Arauca has also been supported by the Alcaraván Foundation, created by Occidental de Colombia, and Ecopetrol, which have supported nearly 1,300 cocoa producers, planting 1,200 hectares of this fruit, and supporting the construction of the chocolate workshop (factory of this product in Arauca), where the raw material is transformed in partnership with the organization LOK Premium chocolate. From this union, initiatives have emerged with which Araucanian cocoa producers have won international awards, such as first place in the SALON DU CHOCOLA! in Switzerland.
Colombian Association of Oil and Gas