ACP as a source of information
Source: El Tiempo – National
Date: November 26
Headline: With three new members, it reaches 27
The National Business Council has three new members, the largest conglomerate of economic guilds in the country. With the entry of ACP (Colombian Petroleum Association), Naturgás, and Asomóvil, this deliberative forum now has 27 members from all sectors of the economy.
Source: La República – National
Date: November 26
Headline: Asomóvil, Naturgas, and ACP are the new members of the National Business Council
The Colombian Petroleum Association (ACP), the Colombian Natural Gas Association (Natargas), and the Mobile Industry Association of Colombia (Asomóvil) officially announced their entry into the National Business Council yesterday, the organization that groups the most representative business guilds in the country. «We highlight the entry of ACP into the Business Council as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters,» explained Francisco Lloreda, president of the guild.
Source: Portafolio – National
Date: November 26
Headline: Two minutes. The National Business Council…
The National Business Council announced through a statement that Naturgas, ACP, and Asomóvil are now part of its list of members. Jorge Bedoya, president of the SAC and the National Business Council
Source: El Nuevo Siglo – National
Date: November 26
Headline: ACP joins the Business Council
The Colombian Petroleum Association (ACP) announces its entry into the National Business Council (CGN), an organization that groups the most representative business guilds in the country. “We highlight the entry of ACP into the Business Council as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters, and to continue contributing to consolidating a business sector that generates progress for all Colombians,” stated Francisco José Lloreda Mera, executive president of ACP. From this new scenario, ACP will continue working for the reactivation and sustainability of the oil and gas industry.
Source: El Colombiano – Regional
Date: November 26
Headline: National Gremial Council has new members
The Colombian Petroleum Association (Acp), the Mobile Industry Association of Colombia (Asomóvil), and the Colombian Natural Gas Association (Naturgas) officially announced their entry into the National Gremial Council, an entity that groups the main business conglomerates in the country.
Source: El Universal – Regional
Date: November 26
Headline: Join the CGN
The Colombian Petroleum Association (ACP) announced its entry into the National Gremial Council (CGN), an organization that groups the most representative business guilds in the country.
Source: prensalibrecasanare.com – Regional
Date: November 26
Headline: Colombian Petroleum Association joined the National Gremial Council
The Colombian Petroleum Association (ACP) announced its entry into the National Gremial Council (CGN), an organization that groups the most representative business guilds in the country. “We highlight the entry of the ACP into the Gremial Council as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters, and to continue helping to consolidate a business sector that generates progress for all Colombians,” stated Francisco José Lloreda Mera, Executive President of the ACP.
Source: RCN Radio – National
Date: November 25
Source: larepublica.co – National
Date: November 25
Headline: Asomóvil, Naturgas, and ACP, the new members of the National Business Council
The Colombian Petroleum Association (ACP), the Colombian Natural Gas Association (Naturgas), and the Mobile Industry Association of Colombia (Asomóvil) officially announced their entry into the National Business Council (CGN), one of the organizations that groups the most representative business guilds in the country. Francisco Lloreda, president of the Association, celebrated the decision and stated that this is an opportunity to continue contributing to the social and economic discussions of the country. (…) “We highlight the entry of the ACP into the Business Council as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters, and to continue helping to consolidate a business sector that generates progress for all Colombians,” he stated.
Source: dataifx.com – National
Date: November 25
Headline: ACP announces entry into the National Business Council
The Colombian Petroleum Association (ACP) announced its entry into the National Business Council (CGN), an organization that groups the most representative business guilds in the country. “We highlight the entry of the ACP into the Business Council as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters, and to continue helping to consolidate a business sector that generates progress for all Colombians,” stated Francisco José Lloreda Mera, Executive President of the ACP. From this new scenario, the ACP will continue working for the reactivation and sustainability of the oil and gas industry, a fundamental sector to guarantee the energy self-sufficiency of the country and the resources for fiscal sustainability.
Source: wradio.com.co – National
Date: November 25
Headline: Oil workers will now be part of the National Business Council
The Colombian Petroleum Association (ACP) announced its entry into the National Business Council, which is the organization that groups the most representative business guilds in the country. Regarding the important announcement, the executive president of the ACP said: “We highlight the entry of the ACP into the Business Council, as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters, and to continue helping to consolidate a business sector that generates progress for all Colombians.” Within its statement, the oil guild assured that the ACP will continue working for the reactivation and sustainability of the oil and gas industry, a fundamental sector to guarantee the energy self-sufficiency of the country and the resources for fiscal sustainability.
Source: valoraanalitik.com – National
Date: November 25
Headline: Naturgas, ACP, and Asomóvil join the National Business Council
The Colombian Association of Natural Gas -Naturgas-, the Colombian Petroleum Association (ACP), and the Mobile Industry Association of Colombia (Asomóvil), were accepted by the National Business Council and will be part of this association, which is now made up of 27 of the most important guilds in Colombia. (…) Meanwhile, Francisco Lloreda, president of the ACP, said that “we highlight the entry of the ACP into the Business Council as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters, and to continue helping to consolidate a business sector that generates progress for all Colombians.”.
Source: inteligenciapetrolera.com.co – National
Date: November 25
Headline: On November 20, the ACP JOINED THE NATIONAL BUSINESS COUNCIL
The Colombian Petroleum Association (ACP) announced its entry into the National Business Council (CGN), an organization that brings together the most representative business guilds in the country. “We highlight the entry of the ACP into the Business Council as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters, and to continue helping to consolidate a business sector that generates progress for all Colombians,” stated Francisco José Lloreda Mera, executive president of the ACP.
Source: petroguia.com – National
Date: November 25
Headline: Ecopetrol rejects violent and systematic actions against oil infrastructure
Through a statement, Ecopetrol, one of the largest companies in Colombia, categorically rejected the violent and systematic actions against oil infrastructure, the direct consequences of which are suffered by the communities neighboring the pipeline due to environmental impacts. This statement is issued due to the two recent attacks against the Caño Limón Coveñas Pipeline that were recorded in Arauca and forced the company to activate contingency plans. (…) As will be remembered, the president of the Colombian Petroleum Association, Francisco Lloreda, in the closing of the II Oil and Gas Summit held in Bogotá mentioned the impact of oil spills by guerrilla groups, whom he blamed for spilling 4 million barrels of oil in 30 years due to attacks on oil facilities.
Source: notipasto.co – Regional
Date: November 25
Headline: The Colombian Petroleum Association joined the National Business Council
The Colombian Petroleum Association (ACP) officially announced its entry into the National Business Council (CGN), one of the organizations that brings together the most representative business guilds in the country. Francisco Lloreda, president of the Association, celebrated the decision and assured that this is an opportunity to continue contributing to the social and economic discussions of the country. “We highlight the entry of the ACP into the Business Council as it represents an opportunity to continue contributing to the deliberation of strategic issues for the country, in political, economic, and social matters, and to continue helping to consolidate a business sector that generates progress for all Colombians,” he stated.
Hydrocarbons Sector
Source: El Tiempo
Date: November 26
Headline: ‘Neither fracking nor exploring new reserves are reasonable investments.‘
Isabel Cavelier, director of Vision of Transforma, explained the topics of debate at COP25 (…) From December 5 to 11, the 25th Conference of the Parties (COP) will take place, a space that brings together more than 195 countries committed to climate change. Isabel Cavelier Adarve, who has participated for several years in international negotiations on climate change, spoke about the most important announcements and Colombia's role in this meeting. (…) People say we shouldn't worry about reducing emissions because we are not a major emitter like China. But it turns out this is a collective problem; if all countries said the same, we would end up being equivalent to China and India. In this sense, neither fracking nor exploration to find new reserves are reasonable investments, because both involve higher emissions and put us all at risk.
Source: El Tiempo
Date: November 26
Headline: Lower oil prices do not hinder Ecopetrol's goals in 2020.
Ecopetrol's investment during 2020 will be between 4.5 and 5.5 billion dollars, a range that will see an increase of between 25 and 53 percent annually compared to 2019, of which 78 percent will be injected into the country, while 22 percent will go to projects abroad. The president of the oil company, Felipe Bayón, spoke with EL TIEMPO about the details of the plan and the main goals, which increased despite projecting a lower international oil price. (…) Ecopetrol is very consolidated with recovery to extract more from the fields, and purchases abroad will also be important. This year we expect to end with a very small production of unconventional (fracking) in Texas (United States), but that will increase next year. All sources have to add up, and that allows us to think we can rise to 750,000 or 760,000 barrels.
Source: El Espectador
Date: November 26
Headline: Letters from readers. About the pipeline.
Evidence one, reading the article “The uncertain future of the Caño Limón-Coveñas pipeline” (11/23/19), the absolute lack of importance that the impacts on the communities benefiting from its passage have for the decision to close the pipeline and the decisive impact this has on its security. The most important aspect disappears from the decision: the human factor. For four years I was the head of security for the Ocensa pipeline in the Magdalena Medio-Northeast Antioqueño-Bajo Cauca segment, and during that time only two attacks against the pipeline occurred, neither of which resulted in a rupture or oil spill. My favorite phrase, the center of my security policy, was: the best security is a grateful civilian population. (…) By. Hugo Bahamón Dussán.
Source: La República
Date: November 26
Headline: Ecopetrol will produce up to 760,000 barrels of crude oil per day in 2020.
Increasing exploration and production, advancing in the energy transition, and ensuring the operation of the Barrancabermeja and Cartagena refineries will be three of the main investment axes that Ecopetrol will have in 2020. The oil company, which plans to invest up to US$5.5 billion next year, seeks to continue consolidating the good management of its finances while aiming for a production of up to 760,000 barrels of oil per day. The new investment plan will be aimed at maintaining the growth path that Ecopetrol has achieved in recent years. With an expectation of Brent in the range between US$50 to US$60 per barrel, the company will divide its action plan into three fronts: 80% for exploration and production, 18 % for refining and transportation, and the remaining in energy transition, socio-environmental investment, and digital transformation. (…) “This investment plan shows that the company is interested in sustainable growth, facing the production and exploration challenges it currently faces,” concluded Carlos Leal, president of the board of directors of Acipet.
Source: La República
Date: November 26
Headline: Seven years of the US-Colombia FTA: balance and perspectives. By: Sergio Clavijo.
Amid the trade tensions of the developed world, the fact that seven years have passed since the Free Trade Agreement (FTA) between Colombia and the US came into effect has gone unnoticed. Unfortunately, the balance in this regard is below the expectations that were initially held. (…) As we will see, there are several factors that explain the low utilization that Colombia has achieved from this FTA. On one hand, there are external factors, mainly related to: i) the end of the mining-energy boom (2014-2015), which halved oil exports; (…) There, the shale gas-oil revolution had two major effects on Colombian exports: i) the effect of lower oil prices (falling from peaks close to US$100/barrel-Brent in 2010-2012 to the current range of US$60-US$65/barrel), resulting from the global oil oversupply; and ii) the decline in exported volumes due to the energy self-sufficiency achieved by the US.
Source: Portafolio
Date: November 26
Headline: Two minutes. Canacol Energy…
Canacol Energy announced the start of production and sales of liquefied natural gas (LNG), the first operation of this kind in Colombia. Charle Gamba, president and CEO Canacol Colombia.
Source: Portafolio
Date: November 26
Headline: The largest companies in the world
Chart. Ranking by revenue in 2018. In billions of dollars. Walmart, Sinopec Group, Royal Dutch Shell, China National Petroleum, State Grid, Saudi Aramco, BP, Exxon Mobil, Volkswagen, and Toyota.
Source: Portafolio
Date: November 26
Headline: In 2020, Ecopetrol would increase its investment by more than 50%
In 2020, the Ecopetrol Group will go all in and seek to increase the investment in its oil operation by more than 50%. The national hydrocarbon company announced this to the market through a statement, indicating that the highest levels of investment for the next year were set between US$4.500 million and US$5.500 million. «The increase could be up to 53% in the most optimistic scenario compared to 2019, or in the worst-case scenario 25%,» highlighted one of the spokespeople for the Colombian oil company.
Source: El Nuevo Siglo
Date: November 26
Headline: Ecopetrol bets on crude oil prices between US$50 and US$60 per barrel
With forecasts of Brent prices between US$50 and US$60 per barrel, the Ecopetrol Group (GE) plans to invest between US$4.500 million and US$5.500 million for 2020, representing an increase of between 25% and 53% compared to the estimated figure for organic investments in 2019. (…) Additionally, it is planned to continue the evaluation and development of offshore gas discoveries made in the Colombian Caribbean, with total investments of US$76 million. Regarding unconventional reservoirs, the maturation of initiatives associated with the Comprehensive Research Pilot Project for Unconventional Reservoirs (PPII) in the Middle Magdalena Valley basin and the scaling up of development activities in the Permian basin in Texas, United States will continue.
Source: El Nuevo Siglo
Date: November 26
Headline: Adjustment to the SGR. By: Amylkar Acosta
As is well known, the process and approval by the Congress of the Republic of the reform to the royalties regime is already in the final stretch, with a view to redistributing the resources of the General System of Royalties (SGR), a propitious opportunity to introduce adjustments to its functioning and operation. I believe that the procedures to be followed must be rethought, as the system of collegiate bodies of administration and decision (OCAD) has been a total failure. (…) It also seems dangerous to us that the proposal put forward by the Minister of Mines and Energy gains traction, in the sense that she hopes that “from the royalties budget of 2020 at least 10% or 15% would be made through this mechanism of works by royalties,” as private companies would be displacing territorial entities as executors of their own resources.
Source: El Colombiano
Date: November 26
Headline: Ecopetrol and EPM already have a roadmap for 2020.
While the oil company will invest up to US$5.500 million, the budget of the Antioquian will be $17 billion. Between 4.500 million and 5.500 million dollars will be injected by Ecopetrol for its operations next year. The figures, when compared to those approved for 2019, represent a growth between 25 % and 53 %. And although the bulk of the figure will stimulate the generation of traditional materials, there is an important section: the energy transition. (…) For Amylkar Acosta, former Minister of Mines, it is important that Ecopetrol becomes increasingly interested in diversifying its portfolio “but above all it is necessary to create expertise, and to understand where the energy change of consumers and large industries is going.” (…) Regarding fracking projects, Ecopetrol mentioned that the strengthening of pilot plans in the Magdalena Valley Basin is expected. And although a figure was not specified, Bayón had already mentioned that 500 million dollars would be allocated.
Source: ADN Bucaramanga
Date: November 25
Headline: High potential for gas and crude in deposit.
While the country continues to rearrange its pieces with the goal of ensuring self-sufficiency in hydrocarbons, a formation appears on the horizon that would help give additional volume to the remnants of crude and gas. This is the Umir rock formation, located in the northern part of the Middle Magdalena Valley (VMM) basin, in whose natural deposit the hydrocarbon sources would be found. A study conducted by the National University indicated that in the aforementioned formation, located in the jurisdiction of the department of Santander and adjacent to the municipality of Barrancabermeja, a high potential for the production of both gaseous and liquid hydrocarbons was detected.
Regional News
Source: Extra Casanare
Date: November 25
Headline: Oil company will invest $30.000 million in Casanare.
With the aim of benefiting the Casanare population of the municipalities of Aguazul, Tauramena, and Yopal, the state oil company made a contribution of more than 30 billion pesos to promote social and environmental projects in the department. The investments are framed within the lines of Education, Sports, Health, Public and Community Infrastructure, Public Services, and Environmental Investments.
Source: Extra Casanare
Date: November 25
Headline: How is the economy distributed in Casanare? By: Eutimio González
Casanare is one of the departments with the best living standards compared to others, its sunny climate, its rice fields, and the reserves of gas and oil have created a productive economy in the cities of Aguazul and Yopal, benefiting thousands of merchants who live in the most populated municipalities. The oil reserves in the country, according to the president of Ecopetrol, last for 6 years; my concern is what Colombians will live on when the black gold runs out. It is no secret that public honorariums are largely sustained by the resources that come from the exports of this mineral.
Source: millanotv.co
Date: November 26
Headline: Equion recognizes Casanare entrepreneurship
Equión Energy recognized several Casanare entrepreneurs benefited from the «Emprende con Equión» program; these businesspeople completed their process and today are consolidating in the local market. María Victoria Riaño Salgar, president of Equión, talks about the achievements and the closure of the «Equión Emprende» programs. “We learned a lot after much history about working together, working united; there is no way to work independently, the Governor's Office on one side and us on the other. Today we have been working with the Governor's Office bringing well-being to the people,” commented Riaño Salgar.
Source: lavozdelcinaruco.com
Date: November 25
Headline: Two attacks against the Caño Limón Coveñas Pipeline in Saravena
Ecopetrol activated a contingency plan due to the attack on the Caño Limón-Coveñas pipeline. A hydrocarbon spill affected the Caño Picho creek. Ecopetrol reports that yesterday afternoon there were two attacks against the Caño Limón-Coveñas pipeline, in the jurisdiction of the municipality of Saravena, Arauca, prompting the activation of the contingency plan. (…) No product spill occurred. Once the area is secured by the Public Force, Ecopetrol personnel will enter for the respective repairs at the two sites of the transportation system. The events were reported to the environmental authorities ANLA and Corporinoquia, as well as to the Risk Management committees of Arauca and Saravena and the Health Secretariat of Saravena.
Source: lavozdelcinaruco.com
Date: November 25
Headline: The truth about royalties today in the Arauca Council
At the initiative of councilwoman Lina María Garrido Martín, who was supported by the other council members of the corporation, today the two Representatives to the House for this department will be present in a plenary session. The session is scheduled for 9:00 in the morning, where Representatives Nevardo Eneiro Rincón Vergara and José Vicente Carreño Castro are expected to fulfill this appointment, who will present the mayor of the Legislative Act project currently in Congress regarding the Reform of the General System of Royalties and the economic outlook of the next administration. As a reminder, this project seeks to return 25% of royalties to the producing municipalities and departments, following the dispossession carried out by then-president Juan Manuel Santos and some congressmen who facilitated this robbery and centralization of resources.
Colombian Association of Oil and Gas