ACP as a source of information
GREMIO
Source: El Tiempo
Date: May 08
Headline: Businesses that did not get infected during the pandemic
Between March and May -amid the covid-19 pandemic and the global economic crisis- a good number of acquisitions and mergers were seen in Colombia, particularly of businesses agreed upon at the end of 2019 or in the first two months of 2020. (…) There was also the purchase, by Hocol, a subsidiary of Ecopetrol, from the American Chevron, of 43 percent of the exploitation contracts for the gas fields Chuchupa and Ballena, in La Guajira.
Source: El Espectador
Date: May 08
Headline: In the spotlight
The war between the Eln and the Epl, in Norte de Santander, has raised the risks for leaders in the region. They also report abuses by the Public Force. The attempts by social organizations present in Catatumbo (11 municipalities of Norte de Santander) to get the Eln and the Epl to end the war they have been waging since March 2018 have been desperate. Nothing has had an effect, despite the fact that there has been rapprochement between both armed structures, peace has been elusive and social leaders have been caught in the middle. (…) Apart from drug trafficking, there is another illegal economy that poses serious risks for social leaders. Both the theft of oil from the Caño Limón-Coveñas pipeline, a process locally known as «pategrillo,» and the smuggling of gasoline —processed by the «pategrilleras» and that which enters from Venezuela— comprise the illicit hydrocarbon economy in Catatumbo, a battleground between illegal armed groups.
Source: La República
Date: May 08
Headline: The State has unproductive assets that must be transferred to the private sector
A year ago, the Ministry of Finance presented a plan to divest state assets worth up to $6 trillion, which at that time represented about 0.6% of GDP, a controversial idea for many, but which now becomes an imperative to start improving public finances compromised by the millions in aid to the most affected sectors during the crisis caused by covid-19. The Nation has stakes in 105 companies worth $170 trillion, a value that has varied over the days; however, the most valuable remains the 8.9% already approved for sale in Ecopetrol; 51.41% of ISA; 73.37% of the National Development Finance; 65.34% of Finagro; 40.57% of Telecaribe and 20.47% in Corabastos, among other very interesting assets.
Source: La República
Date: May 08
Headline: The Government opens the door to divest assets
Decree 637, through which the National Government declared a second State of Economic Emergency, opened the door for at least 20 new measures to counter the crisis. The document, prepared by the Executive's economic team, provided guidelines on possible decisions that would be made to mitigate the effects of the pandemic, which has already required fiscal efforts of around $15 trillion. (…) “To have that discussion, we need to look deeply at the portfolio of assets and which ones have more liquidity than others. Ecopetrol has the risk premium and with the current price scenario, it would not be a good time. There is still a lot of uncertainty because it could be an electrification company or another company,” explained José Ignacio López, director of economic studies at Corficolombiana. (…) These total nearly $170 trillion, highlighting 88.9% of Ecopetrol or 51.41% of ISA. As well as 73.3% of the National Development Finance; 65.3% of Finagro or 40% of Telecaribe, among others.
Source: La República
Date: May 08
Headline: Economic reactivation vs. educational? By: Álvaro José Cifuentes
With whom and under what conditions are our youngest children being left? As the gradual reactivation of the economy progresses, many parents are starting to go to the places where they work, mainly in jobs where telecommuting is not possible. In many households, this entails the difficulty of finding a way to leave their children well accompanied. (…) Preschools and schools are not as relevant as Avianca or Ecopetrol, companies we appreciate and that all media comment on daily. No, preschools and schools are much more relevant than those two prestigious companies and provide an irreplaceable service to Colombian families.
Source: Portafolio
Date: May 08
Headline: Cerrejón, Ecopetrol, and Drummond reactivate their tasks
Slowly but surely, the major mining and oil projects in the country are resuming their pace to reach 100% of their operation in the short term. After implementing the necessary measures and protocols to reduce the risk of COVID-19 contagion and ensure the health and safety of workers, key extractive initiatives for the Nation have begun the gradual restoration of their tasks in recent days. (…) But not only key projects for the country in the mining sector have reactivated their tasks, but also in the oil activity. Ecopetrol, which is responsible for 70% of the country's hydrocarbon operation, launched a new scheme for operational sustainability this week, which will allow it to gradually increase some activities, enable additional strategic fronts, and continue to guarantee the provision of its essential public service to Colombia at a time when a recovery in fuel demand is beginning to be observed.
Source: El Colombiano
Date: May 08
Headline: Impulses for solidarity arrive
Seguros Confianza, a company of Swiss Re Corporate Solutions, proposes to its employees and insurance intermediaries to donate to the Colombian Red Cross to help people infected with COVID-19 in the country. (…) 10.500 million for the Caribbean. The Ecopetrol Group assured that the resources will be delivered in 17 municipalities of this territory, in order to mitigate the impacts of COVID-19. The idea is for the territorial entities to be the intermediaries in the delivery of 23,413 food packages for families in vulnerable conditions. In addition, the Group reported its participation in the Barranquilla donation event with 850 million to benefit families with food kits and 162,000 items for the protection of medical personnel who are also included in the aid.
Source: El Universal
Date: May 08
Headline: ‘We need to expand testing capacity in Cartagena’: Senator Fernando Araujo
Senator Fernando Nicolás Araújo reiterated to the national government the need to open the Carlos Haime Hospital in Serena del Mar, in Cartagena, in light of the health crisis being experienced in the city and the entire country due to the coronavirus. This time the request was made in the virtual plenary of the Senate, and he also indicated that it is urgent to advance in the provision of biosecurity equipment and settle historical debts with workers and health providers. (…) The senator also highlighted that the support from the private sector has been invaluable with 8 new ventilators, the support from Ecopetrol with its donation, from the health sector with the advance of 7 billion, and from the Bolívar Governor's Office with hospital beds and the adaptation of floors 9 and 10; from the Mayor's Office with the commitment to pay 5 billion in inherited debts and from the national government led by the Ministry of Health and the leadership of the superintendent to enable the 5th floor.
Source: El Informador
Date: May 08
Headline: Ecopetrol Group will invest 10.500 million to combat coronavirus
Ecopetrol and its subsidiaries Hocol, Esenttia, Cartagena Refinery, Cenit, Ocensa, and Oleoducto de Colombia (ODC) are joining efforts to invest 10.500 million in the Caribbean region to mitigate the impacts generated by COVID-19. This contribution includes the delivery of humanitarian aid, the provision of personal protective equipment, and the strengthening of the health system in 17 municipalities of the Caribbean departments. (…) Additionally, Ecopetrol and its subsidiaries Hocol and Cenit joined the Barranquilla donation event with a contribution of 850 million to benefit families in vulnerable conditions with food kits. Likewise, the Ecopetrol Group began the delivery of more than 162,000 protective items for medical personnel in Riohacha, Santa Marta, Cartagena, Sincelejo, Coveñas, Tolú, San Antero, and San Onofre.
Source: llanosietedias.com
Date: May 08
Headline: More than 16 billion invested for the care of vulnerable populations
Recently, a council for Risk Management was held, in which the incorporation of a budget of 16.620 million pesos was approved, which is intended to be invested in the care of various vulnerable population sectors in the department of Meta. According to Wilson López Bogotá, director of the Unit for Disaster Risk Management of Meta, the funds are directed to support cash assistance for strata one, two, and community leaders in these sectors for a value of 8.000 million pesos. He added that humanitarian aid for the vulnerable sectors of the department of Meta will be around 2.314 million pesos, and to improve the capacity for care and provide protective elements for health personnel, 4.069 million pesos were allocated, for a total of 14.383 million pesos, coming from Ecopetrol.
Topics
Source: El Tiempo
Date: May 08
Headline: Businesses that did not get infected during the pandemic
Between March and May -amid the covid-19 pandemic and the global economic crisis- a good number of acquisitions and mergers were seen in Colombia, particularly of businesses agreed upon at the end of 2019 or in the first two months of 2020. (…) There was also the purchase, by Hocol, a subsidiary of Ecopetrol, from the American Chevron, of 43 percent of the exploitation contracts for the gas fields Chuchupa and Ballena, in La Guajira.
Source: El Espectador
Date: May 08
Headline: In the spotlight
The war between the Eln and the Epl, in Norte de Santander, has raised the risks for leaders in the region. They also report abuses by the Public Force. The attempts by social organizations present in Catatumbo (11 municipalities of Norte de Santander) to get the Eln and the Epl to end the war they have been waging since March 2018 have been desperate. Nothing has had an effect, despite the fact that there has been rapprochement between both armed structures, peace has been elusive and social leaders have been caught in the middle. (…) Apart from drug trafficking, there is another illegal economy that poses serious risks for social leaders. Both the theft of oil from the Caño Limón-Coveñas pipeline, a process locally known as «pategrillo,» and the smuggling of gasoline —processed by the «pategrilleras» and that which enters from Venezuela— comprise the illicit hydrocarbon economy in Catatumbo, a battleground between illegal armed groups.
Source: La República
Date: May 08
Headline: The State has unproductive assets that must be transferred to the private sector
A year ago, the Ministry of Finance presented a plan to divest state assets worth up to $6 trillion, which at that time represented about 0.6% of GDP, a controversial idea for many, but which now becomes an imperative to start improving public finances compromised by the millions in aid to the most affected sectors during the crisis caused by covid-19. The Nation has stakes in 105 companies worth $170 trillion, a value that has varied over the days; however, the most valuable remains the 8.9% already approved for sale in Ecopetrol; 51.41% of ISA; 73.37% of the National Development Finance; 65.34% of Finagro; 40.57% of Telecaribe and 20.47% in Corabastos, among other very interesting assets.
Source: La República
Date: May 08
Headline: The Government opens the door to divest assets
Decree 637, through which the National Government declared a second State of Economic Emergency, opened the door for at least 20 new measures to counter the crisis. The document, prepared by the Executive's economic team, provided guidelines on possible decisions that would be made to mitigate the effects of the pandemic, which has already required fiscal efforts of around $15 trillion. (…) “To have that discussion, we need to look deeply at the portfolio of assets and which ones have more liquidity than others. Ecopetrol has the risk premium and with the current price scenario, it would not be a good time. There is still a lot of uncertainty because it could be an electrification company or another company,” explained José Ignacio López, director of economic studies at Corficolombiana. (…) These total nearly $170 trillion, highlighting 88.9% of Ecopetrol or 51.41% of ISA. As well as 73.3% of the National Development Finance; 65.3% of Finagro or 40% of Telecaribe, among others.
Source: La República
Date: May 08
Headline: Economic reactivation vs. educational? By: Álvaro José Cifuentes
With whom and under what conditions are our youngest children being left? As the gradual reactivation of the economy progresses, many parents are starting to go to the places where they work, mainly in jobs where telecommuting is not possible. In many households, this entails the difficulty of finding a way to leave their children well accompanied. (…) Preschools and schools are not as relevant as Avianca or Ecopetrol, companies we appreciate and that all media comment on daily. No, preschools and schools are much more relevant than those two prestigious companies and provide an irreplaceable service to Colombian families.
Source: Portafolio
Date: May 08
Headline: Cerrejón, Ecopetrol, and Drummond reactivate their tasks
Slowly but surely, the major mining and oil projects in the country are resuming their pace to reach 100% of their operation in the short term. After implementing the necessary measures and protocols to reduce the risk of COVID-19 contagion and ensure the health and safety of workers, key extractive initiatives for the Nation have begun the gradual restoration of their tasks in recent days. (…) But not only key projects for the country in the mining sector have reactivated their tasks, but also in the oil activity. Ecopetrol, which is responsible for 70% of the country's hydrocarbon operation, launched a new scheme for operational sustainability this week, which will allow it to gradually increase some activities, enable additional strategic fronts, and continue to guarantee the provision of its essential public service to Colombia at a time when a recovery in fuel demand is beginning to be observed.
Source: El Colombiano
Date: May 08
Headline: Impulses for solidarity arrive
Seguros Confianza, a company of Swiss Re Corporate Solutions, proposes to its employees and insurance intermediaries to donate to the Colombian Red Cross to help people infected with COVID-19 in the country. (…) 10.500 million for the Caribbean. The Ecopetrol Group assured that the resources will be delivered in 17 municipalities of this territory, in order to mitigate the impacts of COVID-19. The idea is for the territorial entities to be the intermediaries in the delivery of 23,413 food packages for families in vulnerable conditions. In addition, the Group reported its participation in the Barranquilla donation event with 850 million to benefit families with food kits and 162,000 items for the protection of medical personnel who are also included in the aid.
Source: El Universal
Date: May 08
Headline: ‘We need to expand testing capacity in Cartagena’: Senator Fernando Araujo
Senator Fernando Nicolás Araújo reiterated to the national government the need to open the Carlos Haime Hospital in Serena del Mar, in Cartagena, in light of the health crisis being experienced in the city and the entire country due to the coronavirus. This time the request was made in the virtual plenary of the Senate, and he also indicated that it is urgent to advance in the provision of biosecurity equipment and settle historical debts with workers and health providers. (…) The senator also highlighted that the support from the private sector has been invaluable with 8 new ventilators, the support from Ecopetrol with its donation, from the health sector with the advance of 7 billion, and from the Bolívar Governor's Office with hospital beds and the adaptation of floors 9 and 10; from the Mayor's Office with the commitment to pay 5 billion in inherited debts and from the national government led by the Ministry of Health and the leadership of the superintendent to enable the 5th floor.
Source: El Informador
Date: May 08
Headline: Ecopetrol Group will invest 10.500 million to combat coronavirus
Ecopetrol and its subsidiaries Hocol, Esenttia, Cartagena Refinery, Cenit, Ocensa, and Oleoducto de Colombia (ODC) are joining efforts to invest 10.500 million in the Caribbean region to mitigate the impacts generated by COVID-19. This contribution includes the delivery of humanitarian aid, the provision of personal protective equipment, and the strengthening of the health system in 17 municipalities of the Caribbean departments. (…) Additionally, Ecopetrol and its subsidiaries Hocol and Cenit joined the Barranquilla donation event with a contribution of 850 million to benefit families in vulnerable conditions with food kits. Likewise, the Ecopetrol Group began the delivery of more than 162,000 protective items for medical personnel in Riohacha, Santa Marta, Cartagena, Sincelejo, Coveñas, Tolú, San Antero, and San Onofre.
Source: llanosietedias.com
Date: May 08
Headline: More than 16 billion invested for the care of vulnerable populations
Recently, a council for Risk Management was held, in which the incorporation of a budget of 16.620 million pesos was approved, which is intended to be invested in the care of various vulnerable population sectors in the department of Meta. According to Wilson López Bogotá, director of the Unit for Disaster Risk Management of Meta, the funds are directed to support cash assistance for strata one, two, and community leaders in these sectors for a value of 8.000 million pesos. He added that humanitarian aid for the vulnerable sectors of the department of Meta will be around 2.314 million pesos, and to improve the capacity for care and provide protective elements for health personnel, 4.069 million pesos were allocated, for a total of 14.383 million pesos, coming from Ecopetrol.
Institutional
Source: El Colombiano
Date: May 08
Headline: Oil takes another breath
While the WTI reference barrel rose nearly 21% in the last week, Brent completed two days above 31 dollars. The short term is concerning. The world, for now, seems to take a small breath. The announcements of controlled reopening in Iran, Spain, and Italy – areas that at some point were hotspots for covid-19 – along with an improvement in Chinese exports, have investors in good spirits. (…) The same perspective is held by the Ministry of Mines and Energy. The head of that portfolio, María Fernanda Suárez, assured that although the low demand for the material has been one of the causes for the increase in oil reserves in Colombia by 6.3 years in 2019, in the medium term, the return to normality will make the country and oil-producing nations put drills back to work. The challenges. Although the more distant future seems positive, this recovery that oil is experiencing will not be felt, for now, by Ecopetrol. The results of the first quarter that the company will present next Monday will not be the best (see Parenthesis).
Source: las2orillas.co
Date: May 07
Headline: Duque government, enemy of nature
A government that insists on destroying our ecosystems is not worthy of the challenges of this historic moment, where a pandemic is the most violent onslaught of the climate crisis (…) Once again, the government overrides the right to participation established by the Constitution in vulnerable regions. On the same day, with the purpose of establishing fracking in Colombia, the National Hydrocarbons Agency (ANH) published for comments the contractual elements that would allow the implementation of pilot projects in the Magdalena Medio, disregarding the scientific warnings about the magnitude of the environmental and social threat that this proposal implies for the region, and in terms of released emissions, also for the living conditions across the entire planet. With this publication, the government also mocks the warnings of the Council of State, once again, in favor of particular economic interests.
Colombian Association of Oil and Gas