ACP as a source of information
Source: El Tiempo – National
Date: August 11
Headline: The tough debate in Congress regarding the prohibition of ‘fracking’
An intense controversy is expected in Congress in the coming months due to a bill submitted this Monday that proposes, once again, the prohibition of fracking in Colombia. (…) Fracking, or multi-stage horizontal fracturing of unconventional hydrocarbon deposits, is a technique for extracting oil and gas from great depths in the subsoil, stimulating the rock that generates these resources. (…) Francisco Lloreda, president of the Colombian Petroleum Association, called for allowing these processes. “This is not the time to seek prohibitions ahead of the possibility of having elements and evidence for a responsible decision,” said Lloreda. It was reported in: eltiempo.com (August 10).
Source: El Colombiano – Regional
Date: August 11
Headline: Principles that seek to guide the debate against fracking in Congress
At least 30 congress members from the Liberal Party, Green Alliance, Colombia Humana, Decentes, Radical Change, Alternative Democratic Pole, and the Farc and U parties united in a single purpose: the prohibition of the exploration and exploitation of Unconventional Hydrocarbon Deposits (YNC), including hydraulic fracturing or fracking. (…) for this reason, an expert commission was formed to advance in the Comprehensive Research Pilots under technical standards regulated by the Ministry itself, the National Hydrocarbons Agency (ANH), and the Ministries of Environment and Interior. (…) The message from Francisco Lloreda, president of the Colombian Petroleum Association (ACP), is that the industry does not understand how a project that prohibits the technique is being processed when there is a need to advance in the pilot: “This is not the time to seek prohibitions ahead of the possibility of having elements and evidence for a responsible decision, based on objective knowledge and not on political and ideological arguments, about the future of a technique that could provide energy resources of vital importance for the energy transition and economic resources.” It was reported in: elcolombiano.com (August 11).
Source: El Meridiano de Sucre – Regional
Date: August 11
Headline: It contracted
José Lloreda, president of the Colombian Petroleum Association (ACP), indicated that due to the price crisis, the operation contracted significantly. It was reported in:El Meridiano de Córdoba (August 11).
Source: dinero.com – National
Date: August 10
Headline: New legislative attempt to ban fracking in Colombia
More than 30 congressmen from different political parties and the leaders of the Alliance Colombia Free of Fracking presented a new bill to prohibit any type of exploration and exploitation of unconventional deposits in the country. (…) Not politicizing this issue is also a common call from the guilds, as confirmed by the president of the Colombian Petroleum Association (ACP), Francisco Lloreda, highlighting that «it is not the time to seek prohibitions ahead of the possibility of having elements and evidence for a responsible decision, based on objective knowledge and not on political and ideological arguments, about the future of a technique that could provide energy resources of vital importance for the energy transition, as well as economic resources that are more relevant for the country and the regions today.” (…) In July, the Ministry of Mines and Energy published the final resolution related to technical issues, in which it stipulates that the pilots will be developed in the sedimentary basins of the Middle Magdalena Valley and Cesar-Ranchería, which have already been defined by the National Hydrocarbons Agency (ANH) as limits of sedimentary basins in Colombia.
GREMIO
Source: La República
Date: August 11
Headline: Gran Tierra Colombia and Biomax, the ones that increased their sales the most in 2019
The hydrocarbons and fuels sector had a good 2019, with 74 companies among the 1,000 best-selling in the country, 14 more than in the 2018 list, when there were 60. The good moment of the sector was also reflected in that the companies accumulated revenues of $182 billion, $15 billion more than the previous year. In this sense, Gran Tierra Inc Colombia Branch, ONGC Videsh Colombian Branch, and Biomax were the companies that increased their sales the most during 2019, as they had a variation in operational revenues of 404,79%; 269,48% and 119,61%, respectively. Meanwhile, the companies that had a negative variation in their revenues were Occidental de Colombia, CI Bulk Trading Sur America, and Parex Resources with -18,06%, -22,38% and -66,08%, respectively. The companies that showed the best financial results in the sector were Ecopetrol and Terpel. (…) In third place in the sector was the Cartagena Refinery (Reficar), with revenues of $12.8 billion; followed by Cenit, with $7.6 billion, pushing Primax to fifth place, which had sales of $6 billion.
Source: La República
Date: August 11
Headline: AFP once again lead net buying on the Stock Exchange with $380.465 million
After registering a net selling position in June, pension and severance fund managers (AFP) once again led as the main net buyers of shares on the Colombian Stock Exchange (BVC) in July, as they made net purchases of $380.465 million. (…) So far this year, the AFP have made net purchases of $2.58 billion and the stocks they have acquired the most have been the preferred shares of Bancolombia ($704,000 million), preferred shares of Grupo Aval ($539,000 million) and Ecopetrol ($226,000 million). (…) The stocks that foreigners sold the most in July were ISA ($62,724 million), preferred shares of Grupo Aval ($50,965 million) and Ecopetrol ($38,375 million).
Source: La República
Date: August 11
Headline: Aramco would increase its crude oil production
Dubai. The Saudi oil giant, Aramco, is advancing with plans to increase its production capacity by one million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next, its CEO said on Monday after presenting the results.
Source: Vanguardia Liberal
Date: August 11
Headline: Discussion
Tomorrow the conversation ‘Ecopetrol Contracting in the region: Commitment, will or faith in our own?’ will take place, organized by the Chamber of Commerce of Barrancabermeja. The conversation will be held on the entity's Facebook page.
Source: Vanguardia Liberal
Date: August 11
Headline: ‘Ferticol’: the photograph is a reflection of the passage of time
Social networks and, after them, the Internet as the great communicative engine, have the power to bring back to memory what is set aside over the years. (…) The Fertilizers company of Colombia, Ferticol, was created in 1966 by Ecopetrol to produce, distribute, and market petrochemical products and chemical fertilizers. Years later, the company was handed over to the Government of Santander and in 2019 the general assembly of shareholders decided to liquidate the commercial company.
Source: La Nación
Date: August 11
Headline: Fortalecillas, a territory eager for opportunities. By. Alejandro Serna Serna
In previous days I had the opportunity to tour the Populated Center of Fortalecillas, a traditional territory located in the north of the municipality of Neiva on the right bank of the Magdalena River, (…) Likewise, in the municipal navigation chart, it was stipulated Las Bizcocheras: A project for a promenade from the entrance of Fortalecillas to the Fortalecillas River bridge, to strengthen and enhance this product; efforts before Ecopetrol for support for beautifying the entire road corridor from the village of La Mata to Fortalecillas; as well as strengthening the Health Care Center of Fortalecillas, which serves the inhabitants of La Jagua, La Mata, El Venado, and La Mojarra. Finally, the provision to the Educational Institution María Auxiliadora of Fortalecillas.
Topics
Source: La República
Date: August 11
Headline: The dollar strengthened and reached $3.770 despite the rise in oil prices
The dollar started yesterday's session with a decline of more than $25, but ended the day with a recovery and an increase of $0.57, and an average quotation of $3.770.69. (…) The upward dynamic presented by the currency was recorded despite a significant rise in oil prices, especially because global investors are focusing on fiscal stimulus measures in the United States and the tension between Washington and Beijing ahead of trade negotiations this week. Initially, according to the latest closing from Reuters, international Brent crude, a reference for the Colombian market, rose US$0.59, or 1.33%, to US$44.99 per barrel, while West Texas Intermediate in the United States (WTI) advanced US$0.72, or 1.75%, to US$41.94 per barrel.
Source: Caracol Radio
Date: August 10
Source: larepublica.co
Date: August 10
Headline: The dollar recovers despite the rise in oil and fiscal stimuli in the United States
Despite starting the day lower, this Monday, the dollar recorded an average trading price of $3.770.24, which represented a slight increase of $0.57 against the Representative Market Rate (TRM), which is set for today at $3.769.67. (…) Oil prices rise and are supported by improved Chinese manufacturing data and an increase in energy demand as countries ease their lockdowns, but traders remained cautious due to the tension between Washington and Beijing and uncertainty about stimulus measures in the United States. International Brent, a reference for Colombia, improved 0.88%, to US$44.79 per barrel, while West Texas Intermediate in the United States (WTI) rose 1.33%, to US$41.79 per barrel.
Source: rcnradio.com
Date: August 11
Headline: 30 congressmen sign a bill to prohibit the use of fracking in Colombia
The bill that seeks to prohibit the practice of fracking for the exploitation of hydrocarbons throughout the national territory was filed with the Secretariat of the House of Representatives. The project, signed by 30 congressmen, states that water must be defended above oil production in the country. One of the objectives of the initiative, which brings together several social organizations in what they call the Alliance Colombia Free of Fracking, is to contribute to the effective fulfillment of the goals of the Paris Agreement to which the National Government committed through Law 1844 of 2017, as well as the protection of the environment and the health of current and future generations and the prevention of socio-environmental conflicts associated with these activities.
International
Source: Vanguardia Liberal
Date: August 11
Headline: Two congressmen from Santander support anti-fracking project
Fabián Díaz, from the Green Alliance, and Ciro Fernández, from Radical Change, are the only two congressmen from Santander who support the bill that seeks to prevent fracking in Colombia. The organization Alliance Colombia Free of Fracking, along with more than 30 congressmen from different parties, filed with the General Secretariat of the House of Representatives of Congress the bill that seeks to prohibit the exploration and exploitation of unconventional hydrocarbon deposits in the country, to stop fracking. (…) The Ministry of Mines and Energy plans to start in the next month of September with fracking pilots in the country, which will be carried out in the Valle del Medio Magdalena, (Santander) and Cesar- Ranchería.
Source: El Pilón
Date: August 11
Headline: In Congress, the battle against fracking begins
The Alliance Colombia Free of Fracking, along with more than 30 congressmen from different parties, filed with the House of Representatives of Congress the bill that seeks to prohibit the exploration and exploitation of Unconventional Hydrocarbon Deposits in the national territory. This type of exploration and exploitation of oil and gas wells associated with coal seams is rejected by various environmental associations in Cesar and La Guajira, due to the fact that in the municipality of San Martín, in the south of the department, a pilot has been installed in the pico plata well for 4 years. In addition, the National Hydrocarbons Agency signed contracts CR2, CR3, and CR4 that grant areas for exploitation through fracking in the south of the municipality of Valledupar and the metropolitan area, and throughout the mining corridor: Becerril, Codazzi, La Jagua de Ibirico, El Paso, and Bosconia.
Colombian Association of Oil and Gas