ACP as a source of information
Source: CM& – National
Date: January 14
Source: lalinternaazul.info – National
Date: January 14
Headline: Madam Minister, do not be mistaken (II). By Nelson Roberto Pardo Giraldo
Dear friends and readers, in my previous article I referred to some unfortunate statements made by the new Minister of Science, Technology, and Innovation, in which she touched on three very sensitive and fundamental topics, contrary to the interests of the country and the policies of President Duque, as head of state. They were the spraying with glyphosate, the issue of fracking, and illegal mining. I referred to the first in the last writing, and today I will focus on the other two. To do this, I will take excerpts from the interview conducted by Fernando Londoño Hoyos, on his program la Hora de la Verdad, on December 30, 2019, with Dr. Francisco José Lloreda, President of the Colombian Petroleum Association, published among others, by Eduardo Mackenzie.
Guild
Source: La República
Date: January 15
Headline: Geopark Colombia announced the purchase of Amerisur
The oil company GeoPark Colombia reported that it will acquire all the share capital of Amerisur. With this transaction, the company will benefit from a more balanced portfolio, expanding the new project and thus continuing to improve access to a broader investment community. The scheme will come into effect on January 16, 2020. It is expected that transactions in Amerisur shares will be suspended from this day, and the admission to listing of Amerisur shares will be canceled effective January 17, 2020. The transaction will incorporate 12 blocks of production, development, and exploration in Colombia, covering 2.5 million gross acres, including 11 operated blocks in the Putumayo basin and the non-operated CPO-5 block in the Llanos basin, a successful operational team, and the Amerisur Binational Pipeline, a structure for the export from Colombia to Ecuador.
Source: La República
Date: January 15
Headline: Ecopetrol bets on agriculture
The Rural Development Agency (ADR) and Ecopetrol, led by Felipe Bayón, signed a cooperation agreement in which they commit to joining efforts to manage agricultural projects that strengthen local economies in different regions of the country. Through a statement, the oil company added that the signed agreement will promote rural development through activities that foster social and environmental development. In fact, it was clarified that «co-financing of productive initiatives, support, and training for peasant communities to facilitate access to the institutional offer of the ADR» is contemplated. Aníbal Fernández de Soto, Vice President of Sustainable Development of Ecopetrol, stated that the company is a partner «of the territories and contributes to their integral development. «That is why we have prioritized a line of action around rural development, to contribute to the associativity of farmers, access to markets, and the development of projects,» he said.
Source: violetastereo.com
Date: January 15
Headline: Casanare will it be an area of interest for Ecopetrol and the Rural Development Agency?
Ecopetrol and the Rural Development Agency (ADR) signed a cooperation agreement to promote rural development in areas that are of interest to both entities. In this agreement, the entities commit to joining efforts, with the purpose of managing agricultural projects that strengthen the productive vocation and diversification of local economies. (…) It is only necessary to be within the area of interest for both entities, so the people of Casanare are asking at this hour, will this land be part of the blessed? Since the agreement will last four years and its execution will facilitate access for rural communities to a complete offer of plans that encourage and promote the transformation of the countryside.
Source: Hoy Diario del Magdalena
Date: January 14
Headline: The future depends on fracking. By: Rafael Nieto Loaiza
In her first statements, without having coordinated with her cabinet colleagues responsible for those matters or with the president, and commenting on issues of which she is not an expert, the Minister of Science and Technology came out swinging against fracking and the use of glyphosate. Regarding glyphosate and its importance in the fight against drug trafficking, I have written several columns. That is why I prefer to focus this one on fracking. (…) The economic impact of the sector has not been sufficiently well valued. Only Ecopetrol contributed in 2018, between taxes, dividends, and royalties, 23 trillion pesos. The transfers from the entire sector exceed 30 trillion. (…) In short, fracking could add between 2,000 and 7,000 million to oil reserves. Their future depends on it.
Source: Javeriana Estéreo
Date: January 14
Topics
Source: El Tiempo
Date: January 15
Headline: The U.S.-China agreement still leaves opportunities for Colombian exporters.
The signing of the Phase One agreement between the United States and China, scheduled for this January 15, is not a barrier for Colombian exporters, who continue to have ample space to grow in the U.S. market. (…) In metalworking, the export potential lies in flat-rolled iron or steel products, pipes for oil or gas extraction, safety pins, and costume jewelry, among others. And while the opportunities for these and other Colombian products remain latent in that market, AmCham warns of the need to be attentive to the statements that the delegates from China and the United States will make this Wednesday during the signing of the agreement, with which it is expected that commercial tension between these two powers will definitively decrease.
Source: La República
Date: January 15
Headline: The crisis with Iran will not affect emerging markets.
Through a report from the team of economists at BNP Paribas on the current volatility facing oil prices in emerging markets, such as Colombia, which currently hovers around US$58 per barrel of WTI reference and US$65 per barrel of Brent. (…) However, they warned that the three subgroups of emerging markets most exposed to oil price volatility are the countries with the highest crude production. For example, Colombia, Saudi Arabia, and Oman are particularly vulnerable to a drop in oil prices, with high breakeven points.
Source: La República
Date: January 15
Headline: Oil price outlook. By: Nelson Vera
2020 began with spikes in oil price volatility due to escalating geopolitical tensions between the United States and Iran. While this will imply greater geopolitical-local complexity in the Middle East, its impact on the market still appears moderate. Indeed, given the lower energy dependence due to shale oil in the United States, the price increase was moderate and transitory. Currently, Brent has stabilized at levels close to US$65/barrel, as markets realized that Iran's retaliations have been meticulously calibrated to avoid military escalation. In this note, we will analyze Anif's view on this oil market and the prospective price path during 2020. (…) Considering all of the above, Anif estimates that the stagnation of global demand will likely offset the supply elements related to the slowdown in shale oil production and OPEC+ cuts. Therefore, we forecast a base scenario of oil prices around US$65/barrel-Brent for 2020.
Source: La República
Date: January 15
Headline: 2020: risks and opportunities. By: Santiago Castro
During 2019, the Colombian economy would have shown outstanding growth (3.2%), which would not only be higher than in previous years but would also stand out among other countries in the region. The dynamics of household consumption and the realization of numerous investment projects largely determined the country's economic results, which were also favored by price stability and low interest rates. (…) On the other hand, on the external front, we must monitor the development of the trade dispute between the United States and China, as well as the political tensions in the Middle East. These results would affect the global economic dynamics, impacting variables such as the international crude oil price and, in the case of Colombia, the current account deficit, which has increased in the last year.
Institutional
Source: El Espectador
Date: January 15
Headline: Pilot projects for comprehensive research? By: Juan Pablo Ruiz Soto
The proposed regulation for pilot projects of comprehensive research (PPII) on fracking that the Ministry of Mines and Energy has put forward for public consideration requires profound adjustments. These adjustments are necessary if we want the research on the advisability of fracking to be part of the construction of the state pact proposed by the Independent Interdisciplinary Commission (March 2019). The Commission proposed to carry out PPII, understood as experimental projects of a scientific and technical nature, subject to the strictest conditions of design, oversight, monitoring, and control. Transparent, with community participation and independent verification. (…) Regarding the Evaluation Committee of the PPII, the proposed regulation states that it will be composed of a delegate from the President of the Republic, one from Minminas, one from Minambiente, and two independent expert members appointed by the President of the Republic.
Source: Portafolio
Date: January 15
Headline: Works to guarantee gas imports
The National Government is preparing the ground to ensure not only the increase in natural gas imports starting in 2024 but also to secure fuel supply throughout the national territory. The Executive's task, through the Ministry of Mines and Energy (MME), will consist of developing eight works contained in the Natural Gas Supply Plan of the Mining-Energy Planning Unit (Upme). (…) For his part, the president of the International Gas Transporter (TGI), Mauricio Vera, commented on the statements made by Minister María Fernanda Suárez regarding the actions the Executive is proposing to ensure the supply of natural gas starting in 2024.
Source: El Pilón
Date: January 15
Headline: Emdupar. Now or never
The first company of the vallenatos, Emdupar, in the opinion of the city's mayor, reflecting the desire of a broad majority, requires a shift in its management. He has indicated that it has been on the verge of intervention by the Superintendence of Public Services. (…) But successful public entities have had characteristics that we request for our Emdupar to achieve its goals: 1. Long-term financial and technical PLANNING, 2. a qualified MANAGEMENT, proposed by specialized headhunting firms (these managers tend to earn more, in fixed and variable income, than mayors, as defined by the market of supply and demand for talented administrators, depending on the type of company; just as the president of Ecopetrol earns much more than the president of the Republic or the Minister of Mines and Energy who defines the policies to follow and presides over its board),…
Source: unipymes.com
Date: January 15
Headline: Ecopetrol and ADR seal alliance to strengthen local economies
Ecopetrol and the Rural Development Agency (ADR) signed a cooperation agreement in which they commit to joining efforts to manage agricultural projects that strengthen the productive vocation and diversification of local economies in different regions of the country. The signed agreement will promote rural development through activities that foster social and environmental development. It includes co-financing of productive initiatives, support, and training for farming communities to facilitate access to the institutional offerings of the ADR, prioritizing associative projects. (…) For its part, the ADR continues inter-institutional work as it did with the National Hydrocarbons Agency for the construction of a Field with Future.
Source: El Diario
Date: January 14
Headline: Gas importation requires large infrastructure works
According to statements made by the Minister of Mines and Energy, María Fernanda Suárez, during the socialization of the Natural Gas Supply Plan, in 2024 the country would have to start importing natural gas due to a deficit in internal supply. (…) Likewise, Cabrales reported that the association supports the components of transparency and institutional strengthening that the Ministry of Energy includes in the draft decree that defines the guidelines for exploration activities in ‘Comprehensive Research Pilot Projects’ in unconventional deposits.
Source: Diario del Sur
Date: January 14
Headline: There will be gas for all Colombians
The Minister of Mines and Energy, Fernanda Suárez, explained the energy projections that show the transition routes that the country must adopt starting in 2024, when resources such as gas are expected to become scarce. According to the government, Colombia will need a new source soon, as approximately 20% of the current gas supply comes from new fields developed in the last 5 years. However, in the projections, there is no field that can replace all the demand that the country will have.
Colombian Association of Oil and Gas