ACP as a source of information
Source: La Libertad – Regional
Date: July 16
Headline: Concern in the Sierra Nevada over the risk of losing the protection of sacred territory
The four towns that live in the Sierra Nevada de Santa Marta -kogui, arhuaco, wiwa, and kankuamo-, as well as national and international organizations, made an urgent call because a lawsuit pending in the Council of State is putting the protection of the ‘White Lady’ or the ‘Heart of the World’, as its inhabitants call it, at risk. (…) «Our struggle is legitimate and goes against the interests of the economic sectors that are supporting the annulment lawsuit in the Council of State, presented by lawyer Yeffer-son Mauricio Dueñas and in which, among others, the president of the Colombian Petroleum Association,» Juan Pablo Muñoz, a lawyer who helped the native peoples in the construction of the decree that recognized the legal existence of the black line, appears as a co-adjutor.
Source: portafolio.co – National
Date: July 16
Headline: Business Council calls for reforms for economic recovery
Preserve public health, prioritize vulnerable populations, guarantee the livelihood of households, maintain as many jobs as possible, and responsibly and gradually recover the productive life of the country (…) “With the start of a new legislative session on July 20, the National Business Council calls for the National Government and the Congress of the Republic to promote the initiatives that have been proposed from different sectors to mitigate the effects of this crisis,…,” states a joint statement from Acolfa, Acm, Acp Acopi, Acoplásticos, Analdex, Anato, Andi, Andesco, Asobancaria, Asocaña, Asocolflores, Asofiduciarias, Asofondos, Asomovil, Camacol, Colombian Chamber of Infrastructure, Colfecar, Confecámaras, Cotelco, Fasecolda, Fedegan, Fedepalma, Fenalco, Fenavi, Naturgas, and the Sac, grouped in the Business Council.
Source: paisminero.com – National
Date: July 16
Headline: Review of transportation rates by pipelines
The National Government took a new step in its intention to intervene in the transportation rates of oil by pipelines. (…) It is worth remembering that this issue is not new, and it was raised by the president of the National Hydrocarbons Agency (ANH), Armando Zamora. “The Government is indeed considering an intervention in the rates, and it is a complicated issue because it would be the first time something like this happens,“ he said. (…) ”The formula has led to the value of the assets used by the transporters for the rate formula being three times higher, which has resulted in an exponential increase. The reduction should be 60%. But the MME must specify what the exact percentage required is,“ said Francisco José Lloreda, president of the Colombian Petroleum Association (ACP). For his part, Héctor Manosalva, president of Cenit, emphasized: ”The rates are competitive and incorporate the particularities of our country, which range from traversing a diverse and complex geography between the crude oil extraction points to the refineries and export centers.”.
Source: buenaventuraenlinea.com – Regional
Date: July 16
Headline: Review of transportation rates by pipelines | Economy
The National Government took a new step in its intention to intervene in the transportation rates of oil by pipelines. (…) It is worth remembering that this issue is not new, and it was raised by the president of the National Hydrocarbons Agency (ANH), Armando Zamora. “The Government is indeed considering an intervention in the rates, and it is a complicated issue because it would be the first time something like this happens,“ he said. (…) ”The formula has led to the value of the assets used by the transporters for the rate formula being three times higher, which has resulted in an exponential increase. The reduction should be 60%. But the MME must specify what the exact percentage required is,“ said Francisco José Lloreda, president of the Colombian Petroleum Association (ACP). For his part, Héctor Manosalva, president of Cenit, emphasized: ”The rates are competitive and incorporate the particularities of our country, which range from traversing a diverse and complex geography between the crude oil extraction points to the refineries and export centers.”.
GREMIO
Source: El Tiempo
Date: July 17
Headline: Innovative proposals
Through the Demoday Connect program, designed by the Connect Bogotá Región network, large companies Sura, Ecopetrol, Corona, Zona Franca de Bogotá, Grupo Éxito, Casa Editorial El Tiempo, and Enel are looking for researchers from the network or entrepreneurs with innovative proposals that fit the strategic interests defined by each organization.
Source: La República
Date: July 17
Headline: The shares of ISA, Ecopetrol, and Sura are the ones with the greatest recovery.
The global equity market was one of the most affected by the crisis generated by the pandemic. Colombia was no exception and, for example, the Colcap index, a benchmark of the Bogotá Stock Exchange and composed of the 20 most traded stocks in the market, reached its historical low (894.03 points) on March 18. (…) The shares of the state-owned Ecopetrol continue to be on this list of the most recovered, with an increase of 55.801% to 1,412.120. The preferred share of Grupo Sura increased by 48.701% in the mentioned time period and is trading on average at 1,419.900.
Source: La República
Date: July 17
Headline: Hocol found gas in a well in the Caribbean.
Hocol, a subsidiary of Ecopetrol, announced that it found natural gas in the Merecumbé 1 well, located 40 kilometers from Barranquilla, in the Atlántico department. The company's president, Rafael Guzmán, highlighted that with this discovery, the strategy of growth through exploration and being a company with production of 50% gas and 50% oil is “continuing to materialize.”.
Source: Portafolio
Date: July 17
Headline: More natural gas found in the Sinú – San Jacinto basin.
Once again, it is demonstrated that the Caribbean region, but especially the Sinú – San Jacinto basin, is yielding good results in the discovery of hydrocarbon deposits. In recent hours, the oil company Hocol, a subsidiary of the Ecopetrol Group in the development of gas blocks, announced the discovery of this fuel in the Merecumbé 1 well, located 40 kilometers from Barranquilla, in the Atlántico department. “This new discovery confirms the potential of the Sinú San Jacinto folded belt, one of the focus areas of Hocol's exploratory strategy, where the aim is to increase natural gas reserves and strengthen exploration in Colombia, alongside globally expert companies like Lewis Energy,” states a communiqué from the Ecopetrol subsidiary.
Source: El Colombiano
Date: July 17
Headline: The Colcap of the stock exchange opens at 1,153.15 points.
In yesterday's session, the indicator rose 0.72% in a trading day where the shares of Ecopetrol, preferred Bancolombia, and ISA were the most traded. The top 3 most valued were Grupo Sura, Canacol, and Bancolombia, and the largest contraction was seen in the preferred shares of Cementos Argos.
Source: El Colombiano
Date: July 17
Headline: Hocol found gas in the Caribbean.
Through a press release, Ecopetrol's subsidiary, Hocol, announced that it discovered natural gas in the Colombian Caribbean. The Merecumbé 1 well is the protagonist of this story and is located in an area near Ponedera (Atlántico), 40 kilometers south of Barranquilla and 25 kilometers from the Bullerengue field. The finding was made “in intervals of conglomerate sandstones and some layers of limestones from the Chengue Formation of Eocene Age,” which confirms what was anticipated regarding the potential “of the Sinú San Jacinto folded belt,” where Hocol's exploratory activities have been focused, in partnership with Lewis Energy.
Source: Vanguardia Liberal
Date: July 17
Headline: Ecopetrol responded to criticism regarding protocols at Policlínica
This week, the USO echoed some complaints that circulated on social media, questioning the quality of biosecurity elements at Policlínica, among other considerations. Ecopetrol rejected the complaints on social media, which it labeled as malicious. A back-and-forth was evident this week between Ecopetrol and the USO, due to alleged irregularities in medical protocols and supposed COVID-19 cases that would be occurring inside the Policlínica. The oil company responded to the criticism through a press release and stated that the safety protocols at its facilities have always been rigorous and added that the positive COVID-19 cases among personnel linked to the Health department in the region are the result of the population screening strategy and active community search; however, it did not specify the number of infections.
Source: La Nación (Huila)
Date: July 17
Headline: Huila families debut eco-efficient stoves
With the aim of reducing tree cutting, 32 families from the municipalities of Aipe and Neiva received eco-efficient stoves donated by Ecopetrol. A total of 32 families living in the rural area of the municipalities of Neiva and Aipe, Huila, received eco-efficient stoves delivered by Ecopetrol as part of the program that the company is advancing to reduce tree cutting, decrease greenhouse gas emissions, and mitigate indoor pollution in communities neighboring its operational areas.
Source: El Nuevo Día
Date: July 17
Headline: Controversy in Piedras over donations from the oil company
The contribution of food markets and hydraulic piping by the multinational was seen as a way to ‘buy’ goodwill, a fact that was emphatically rejected by a large part of the local community. The apparent generosity of the oil company Parex Resources Colombia raised alarms among the residents of Doima, a district of Piedras, to the extent that they requested Mayor Juan Carlos Góngora not to accept anything further from this company or from others with extractive interests. The controversy began in mid-June when it became known through the municipal administration's social media that officials were distributing food markets with Parex's logo to residents, an action that was met with annoyance, as the aid came from the company that has an active contract for exploration and exploitation of hydrocarbons in that population.
Source: eldiariodelllano.com
Date: July 17
Headline: Humanitarian aid arrived in Támara, thanks to Parex
Ratifying its social commitment to the communities, the company Parex delivered 200 markets composed of basic products from the family basket in the municipality of Támara. Company spokespeople indicated that they understand the importance of supporting the most vulnerable communities during the health emergency generated by COVID-19, within the framework of the Parex Solidarity campaign, “Thanking the company Parex for this gesture. Without having projects in Támara, they are now joining all the aid we have been receiving. Our municipality is purely agricultural and rural, 76% of the population is rural and the people who live off daily wages have been affected by the mandatory isolation. Thank you for these nutritional packages, God will reward you,” said Leonel Rodríguez Walteros, mayor of the municipality.
Topics
Source: El Tiempo
Date: July 17
Headline: Against the current. By: Manuel Guzmán Hennessey
Inviting investment in the coal or oil industry is rowing against the tide of history. Increasing the carbon tax on the most carbon-intensive sources is the right thing to do. Reasoning in the opposite direction is the best example of how not to make public policy. Insisting that economic recovery can be achieved by generating jobs in the extractive industry, deepening the fossil energy model, is a mistake. Rowing against the countries that understood the moment we are living in, the European Union, for example, which stimulates investment and employment in the new green economy.
Source: La República
Date: July 17
Headline: Dollar rose to $3.628 after oil retreat and market fears
Yesterday, the price of the dollar increased $16.5 and was quoted on average at $3.628.11. The Colombian peso, and generally most currencies in Latin America, extended their losses during the day, due to concerns about the evolution of the pandemic, along with mixed data about China's economy. The same uncertainty impacted oil prices, which is an important source of foreign exchange in the region. According to the latest closing from Reuters, the Brent barrel (reference for the Colombian market) fell 0.96% to US$43.37, while WTI lost 1.09% to US$40.75.
Source: Portafolio
Date: July 17
Headline: OPEC cut would last two more years
The Saudi Energy Minister, Abdelaziz bin Salman, stated that the agreement to reduce crude production could be extended for «more than two years,» since the oil market has not fully recovered from the impact of the coronavirus. In April, OPEC agreed to keep supplies limited for two years through a phased plan, with an initial phase that began on May 1 to withdraw 9.7 million barrels of crude oil per day.
Source: Portafolio
Date: July 17
Headline: The number of rigs continues to increase
The number of active rigs in Colombia in June was 45 units (18 of drilling), which is two more compared to May when it was 43 registered units. This was reported by Campetrol in its monthly report, specifying that the current situation of low prices and restrictions on personnel mobility has prevented a large number of industry operations from taking place.
Institutional
Source: El Espectador
Date: July 17
Headline: ‘Fracking’ pilots, up for debate
Social organizations assert that the decree on pilots for “fracking” in Colombia violates the decision of the Council of State that authorized them, but under certain requirements. The government has already responded to the high court, although it also requested to annul the process. Since November 2018, the practice of hydraulic fracturing for the extraction of hydrocarbons in unconventional deposits (or fracking) has been suspended by order of the Council of State, while a lawsuit against the regulations that allow it is being thoroughly studied. (…) “The implementation of the PPII has no basis in any judicial order,” stated the ANH, an entity for which this debate exceeds the central discussion on fracking that the Council of State is conducting, which relates to whether or not to annul the resolutions that allow the activity and that are currently only suspended.
Source: El Nuevo Siglo
Date: July 17
Headline: Oil: here and now
During the second quarter of 2020, the international oil crisis, with a spectacular drop in prices, coincided with the outbreak of the pandemic. In recent weeks, however, the fate of black gold and that of the coronavirus seem to be slightly distancing: while the price of crude oil in international markets seeks to stabilize around forty dollars a barrel, the situation of the coronavirus is far from doing so. (…) To this, one should add the dynamic campaign that the former Minister of Mines and Energy launched in favor of unconventional energies (solar and wind). The country multiplied its component in the energy matrix by several digits. She should be congratulated for this achievement, a goal that will certainly be continued by the new Minister, as has already been announced.
Colombian Association of Oil and Gas