ACP as a source of information
Source: Portafolio – National
Date: July 10
Headline: Mining and energy: 35 projects underway
The country is developing a package of 35 mining, oil, and electricity projects under the ‘sustainable reactivation’ policy, with investments projected to exceed $37 billion. The total number of initiatives registered with both the Ministry of Mines and Energy (MME) and the Mining-Energy Planning Unit (Upme) are the sector's contribution to boost the economy (hit by the pandemic), as they are expected to generate around 60,000 jobs, both direct and indirect. (…) The hydrocarbons sector will play a fundamental role in the country's economic reactivation. ”The legal stability and contractual conditions we offer have generated trust and interest among investors,“ said Armando Zamora, President of the National Hydrocarbons Agency (ANH). Likewise, Francisco José Lloreda, president of the Colombian Petroleum Association (ACP), said that ”advancing in hydrocarbon operations, both offshore and onshore, represents an opportunity to contribute to the country's progress, especially at this moment when economic and energy resources are needed to drive its reactivation after the pandemic." It was reported in:portafolio.co (July 09), buenaventuraenlinea.com (July 10).
Source: El Heraldo – Regional
Date: July 10
Headline: Fracking pilot projects cannot be drilled within 500 m of homes
The application of the hydraulic fracturing technique, better known as fracking, used to explore and extract hydrocarbons from unconventional deposits is getting closer for Colombia. (…) At the same time, a draft resolution with the social guidelines that must be followed for the pilots was published for comments by the ministries of Mines and Energy and the Interior. Francisco José Lloreda Mera, president of the Colombian Petroleum Association (ACP), said that the technical guidelines are one of the components of the regulatory framework for the PPII, providing certainty about some definitions and steps to follow for the implementation of the pilots, and it is an important advance. “However, other regulatory pieces that govern the PPII Decree, such as the Environmental Terms of Reference, contractual aspects, and social regulation, are still under discussion, and we hope to make progress on these,” he indicated. It was reported in: elheraldo.co (July 09).
GREMIO
Source: La República
Date: July 10
Headline: In 2021, Ecopetrol would only deliver $638 billion in dividends
The low oil prices and the effects derived from the pandemic are two of the several reasons why the National Government believes that Ecopetrol would not deliver significant benefits in the coming years. According to their estimates, while dividends for this year would reach $6.5 billion, for next year the figure would drop by 90.3% to a minimum of $638 billion. Although these are just projections, they could be adjusted depending on the international scenario, the evolution of the situation, and the post-pandemic. These lower revenues, according to the Medium-Term Fiscal Framework, would be due to crude oil prices, refined products, lower production, and adjustments in transportation rates. (…) Julio César Vera, former president of Acipet, highlighted that the projections reflect that the Government “expects international prices in the range between US$40 and US$60 per barrel in the long term.".
Source: La República
Date: July 10
Headline: Stocks with higher liquidity
According to the stock market liquidity index for June calculated by the Financial Superintendence, only 16 of the stocks traded on the stock exchange have high liquidity. The largest stocks are Bancolombia preferred and Ecopetrol. Behind them are the shares of Grupo Aval, Bancolombia ordinary, and Sura.
Source: La República
Date: July 10
Headline: Character of the day. Felipe Bayón
President of Ecopetrol. The Government believes that Ecopetrol, chaired by Felipe Bayón, will not deliver good results in the coming years. While this year's dividends would reach $6.5 billion, this same figure for next year would decrease by 90.3% to a minimum of $638,000 million.
Source: El Nuevo Siglo
Date: July 10
Headline: Privatize
Senator Wilson Arias, from the Democratic Pole, considered that «Carrasquilla and Iván Duque have in mind to privatize Ecopetrol and SENA. They want to sell Cenit, the subsidiary that gives the most profits to Ecopetrol. And they want to split SENA into several pieces to hand over its mission in parts to private entities.».
Source: El Universal
Date: July 10
Headline: Emergency bill. By: Gil Alberto Falcón Prasca
Colombia faces the progressive increase of the pandemic, which to date leaves more than 133,973 infected and 4,714 deceased due to COVID-19. In Cartagena, more than 10,000 people are infected and 376 have died, filling 75% of the ICU capacity. (…) Repeal of emergency decrees that have worsened economic and social living conditions, the non-privatization of Ecopetrol's oil pipeline transport network, the Cenit company, saving Bioenergy from liquidation, non-privatization of SENA. The State considers alternatives such as issuing currency, using international reserves, implementing a temporary moratorium and renegotiating external public debt, suspending tax exemptions for large companies and financial capital.
Source: Vanguardia Liberal
Date: July 10
Headline: Project
Ecopetrol, the Industrial University of Santander, and SENA developed a bioceramic from palm oil that can be used as raw material for the production of high-end cosmetics.
Source: Vanguardia Liberal
Date: July 10
Headline: Blockades in oil operations in Campo Casabe
Crowds in front of Campo Casabe and groups of motorcyclists roaming different points in the area generating chaos have hindered the normalcy of the economic reactivation of the area. They ask for dialogue. A new outbreak of violence and actions against labor life in the oil fields is evident in the Magdalena Medio region. After Ecopetrol managed to overcome unfortunate situations in the fields of Puerto Parra and Cantagallo, and even when the voices of joy for the process that reached a successful conclusion in the La Cira Infantas project are still heard, incidents in Campo Casabe, Yondó, once again generate unrest in the petrochemical industry. According to the complaint, a group of people is gathered in front of the industrial gate of Campo Casabe preventing the entry of workers.
Source: El Frente
Date: July 10
Headline: Joint work between UIS and Ecopetrol
This Thursday, the official presentation of the initiative led by the Industrial University of Santander, UIS, Ecopetrol, and SENA took place, which seeks a “bioceramic prototype for the production of high-end cosmetics,” from palm oil and palm kernel. This is a project that will promote the development and competitiveness of the Santander region through biodiversity and already has funding from resources managed by the Santander Government and approved by the National Royalty System, SNR. Approximately 6 billion pesos were approved by the collegiate body to advance this important initiative in which researchers participate and which aims to increase the technological development of palm and palm kernel bioceramics for application in the cosmetic sector.
Source: caracol.com.co
Date: July 10
Headline: The ‘March for Dignity’ is already in Soacha’
After more than 7 hours of travel from Fusagasugá, the peasant, indigenous, and Afro leaders, along with student representatives who make up the so-called ‘March for Dignity,’ arrived in Soacha, an initiative that seeks to provide «real» guarantees against the murders of social leaders, which continue to occur despite the national quarantine. (…) By tomorrow, when their arrival in Bogotá is expected, they hope to mobilize from Protabaco at 8 a.m. through the capital with some stops at the Local Mayor's Office of Ciudad Bolívar, the San Juan de Dios hospital, and the point «where Dilan Cruz was murdered.» They expect to arrive at Ecopetrol by 4 p.m., and around 6, start a «vigil for the life and freedom of social leaders.».
Source: tiempodenoticias.com.co
Date: July 10
Headline: Indigenous communities cry out for job opportunities
In Puerto Gaitán, one of the most productive areas in terms of oil, job opportunities for locals seem not to be a priority for companies in this economic sector. For several years, the inhabitants of this municipality have requested that companies hire them and allow them to work within them, thus supporting and contributing to the economy of a town that has gradually been growing in infrastructure thanks to the royalties it receives. (…) Bruno Vera, an indigenous leader from the Puerto Triunfo village, reported that companies like Ecopetrol, Frontera Energy, and ODL bring in personnel from other cities in the country, disregarding those who are part of the indigenous communities settled in these territories and need work.
Topics
Source: eltiempo.com
Date: July 09
Headline: Live: What is the status of the fracking pilots?
The Colombia Free of Fracking Alliance and several congress members filed a contempt incident.
Source: laopinion.com.co
Date: July 09
Headline: Cabo del Catatumbo, awarded for fighting against corruption
In June of last year, Corporal Brayan Quintero Hernández encountered a situation that tested all his training and principles, not only as a soldier but as a person. While on operational duties in the Special Energy and Road Battalion No. 6, aimed at safeguarding the Caño Limón-Coveñas Pipeline in Catatumbo, and in command of a group of soldiers, he intercepted a vehicle transporting a large sum of money.
Source: dataifx.com
Date: July 09
Headline: Fear of a surge in Covid-19 cases causes oil prices to drop more than 31% this Thursday
This Thursday, the prices of the so-called black gold fell sharply, in a session marked by the fear that the surges of COVID-19 occurring in the United States will have a negative effect on crude oil value. Crude prices fell on a day when investors received the virus's advance in the United States with pessimism, which has seen nearly 60,000 daily infections in recent days and whose accumulated infections exceed 3 million, while there have already been 132,803 deaths across the country. On the other hand, the Energy Information Administration (EIA) stated yesterday that oil inventories increased by 5.7 million barrels for the week of July 3, in contrast to the drop of 7.2 million barrels that occurred the previous week.
Source: valoraanalitik.com
Date: July 09
Headline: Recovery streak of the peso cut: dollar opens higher due to falling oil prices
The dollar opened today in Colombia at 1,413.625, which represents an increase of 2 compared to yesterday's close: 1,413.623. In 560 transactions, US$1,408.4 million were traded, the highest was for US$20 million. (…) A retreat in investor appetite strengthens the dollar in Colombia. In addition to a drop of 1.15% in the price of Brent crude oil, which falls to levels of US$42.
Source: kapitalstereo.com
Date: July 09
Headline: Transferring a patient through the Trocha de la Soberanía, a torture that can take up to 25 hours
Just thinking that an ambulance ride can last 24 hours or more is enough to make one sick; of course, we cannot imagine the quality of the road that must be crossed from Arauca to access a third-level hospital service in cities like Cúcuta or Bucaramanga, the so-called: Trocha de la Soberanía, its condition is an insult to a Department that contributes millions and millions of pesos to the country daily with oil production (Caño Limón, Cari cari or Capachos). (…) The odyssey is not only for the patient or their companion, but also for the medical staff, auxiliary or the ambulance driver; the start of the journey from the city of Arauca takes us to Arauquita, previously passing through the Caño Limón oil complex, the roads are a disgrace, the paving is patchy, there are potholes every 100 meters, and the investment of royalties is nowhere to be seen.
Institutional
Source: Vanguardia Liberal
Date: July 10
Headline: Guidelines ready for fracking pilots
With the document, it is sought that the pilot fracking projects are executed under rigorous sustainable protocols contained in the decrees. The first regulation that establishes the technical guidelines for the development of the aforementioned experimental scientific projects in generating rock is ready, and it was prepared by the Ministry of Mines and Energy. This is stated in resolution 40185 of July 2020 issued by the mentioned ministry. “The objective is to establish and develop the requirements to advance the PPII in YNC through the use of the Multi-Stage Hydraulic Fracturing technique with Horizontal Drilling (FH – MH),” states the resolution. (…) With this resolution, the technical regulations of MinMinas are ready. Now the environmental, contractual, and social guidelines that must be issued by the Ministry of Environment, National Hydrocarbons Agency, and the Ministry of Interior are still pending.
Source: La Libertad
Date: July 10
Headline: Government issues technical guidelines for fracking pilots in Colombia
The National Government issued Resolution 40185 of 2020, which contains all the technical guidelines for the development of fracking pilots in Colombia. “The objective is to establish and develop the requirements to advance the Comprehensive Research Pilot Projects (PPII) in Unconventional Reservoirs, YNC, through the use of the Multi-Stage Hydraulic Fracturing technique with Horizontal Drilling (FH – MH),” indicates resolution 40185 from the Ministry. The regulation contains the technical requirements for the execution of the fracking pilot projects, which will be carried out “in the sedimentary basins of the Valle Medio del Magdalena (VMM) and Cesar – Ranchería, which are defined by the National Hydrocarbons Agency (ANH) as limits of sedimentary basins in Colombia.
Source: CM&
Date: July 09
Colombian Association of Oil and Gas