ACP as a source of information
Source: La República – National
Date: September 17
Headline: Rise in oil would leave an additional 1.1 trillion to the Government
The rise in the price of nearly $151 per barrel of the Brent reference yesterday represents a better fiscal scenario not only for the nation but also for Ecopetrol. The $69.02 per barrel that this oil reference reached represents up to 1.2 trillion more in revenue, a scenario that foresees better investment opportunities and more relief for public finances. (…) Although generally opinions are optimistic regarding this scenario, the president of the Colombian Petroleum Association, Francisco Lloreda, warned that this increase “should not be seen as positive considering that it is the result of a terrorist act, which generates uncertainty and a negative environment for the market and investors.” Cited in: larepublica.co (September 17).
Source: Portafolio – National
Date: September 17
Headline: Tension caused Brent to rise to nearly $70 yesterday
The aftermath of the terrorist attack over the weekend on the largest hydrocarbon refinery in Saudi Arabia, which resulted in a rise in international barrel prices of up to $11, would ultimately provide more income to the country from crude oil sales abroad. (…) “Colombia, as an oil-exporting country, is exposed to fluctuations in international prices and global situations like those currently being experienced in the Middle East,” stated Orlando Cabrales Segovia, president of the Colombian Natural Gas Association (Naturgas). (…) In the same vein, Francisco José Lloreda, president of the Colombian Petroleum Association (ACP), explained that the increase in crude prices, while it could represent higher revenues for the country from exports, should not be seen as positive considering that it is the result of a terrorist act, which generates uncertainty. Cited in: portafolio.co (September 16).
Source: El Nuevo Siglo – National
Date: September 17
Headline: Today, dialogue between Autonomous Corporations and the hydrocarbons sector
Today, in Bogotá, the Regional and Sustainable Development Autonomous Corporations, through Asocars, will hold the annual event for engagement with the productive sectors, called: “V Intersectoral Dialogue Environment with the Hydrocarbons Sector – Environmental contribution to local development,” which they organize with the support of Ecopetrol, and the accompaniment of the Colombian Petroleum Association, ACP, and the National Hydrocarbons Agency, ANH. (…) In this process of Corpoguajira, the ANH provided the necessary funding for the formulation of the Management and Zoning Plan, which was developed by Invemar, achieving the protection of 67,176.65 ha of marine area; protecting a representative sample of homogeneous communities of seagrasses, as well as the associated fauna and flora; among others. It was replicated in: elnuevosiglo.com.co (September 16).
Source: El Colombiano – Regional
Date: September 17
Headline: Record oil price and tension
Only the opening of the reference oil price markets (WTI and Brent) showed the seriousness of the situation. On Saturday, an explosion claimed by Houthi rebels from Yemen halted production at Aramco, the Saudi refinery that holds the title of the world's largest crude oil producer. Since then, both extraction and relations between countries in the region are in crisis. (…) The director of the Colombian Petroleum Association, Francisco José Lloreda, emphasizes that the crude oil and gas industry is global, which is why what happens in one country impacts the rest. Lloreda sees a “maximum degree of uncertainty” in the global market due to tensions in the Middle East involving Saudi Arabia, the United States, and Iran. It was replicated in: elcolombiano.com (September 17).
Source: El Heraldo– Regional
Date: September 17
Headline: The weapons used in the attack against Saudi Arabia were Iranian: coalition
The weapons used in the attack in Saudi Arabia, which reduced global oil supply, were manufactured in Iran, the coalition led by Riyadh in Yemen stated on Monday, increasing fears of a regional conflict triggered by Washington's accusations against Tehran. (…) The president of the Colombian Petroleum Association (ACP), Francisco Lloreda, said that what happened in Saudi Arabia is very delicate not only for the relative stability of the market but also for political and security reasons, both key for the hydrocarbons industry. (…) For Lloreda, “it is premature to know what the short and medium-term impact will be in the country, and whether there would be a direct impact on fuel prices.” It was replicated in: elheraldo.co (September 17).
Source: Radio Nacional de Colombia – Regional
Date: September 16
Source: gerente.com – National
Date: September 16
Headline: Will there be a green light for fracking in Colombia?
The Council of State upheld its decision to keep the regulations that would govern this activity in the country suspended, while it studies a lawsuit that requests the annulment of this provision, arguing that the entity responsible for ruling on this matter should be the Congress of the Republic, which had already included the issue in two previous development plans. (…) For the Colombian Petroleum Association (ACP), the Council of State did not take into account the recommendations issued by the Commission of Experts regarding giving the green light to proceed with the so-called Comprehensive Research Pilot Projects, which would allow the collection of technical and environmental elements to facilitate determining the necessary regulatory adjustments.
Hydrocarbons Sector
Source: El Tiempo
Date: September 17
Headline: The effect in Colombia of the attack on the world's oil heart
The escalation in oil prices, following the attack on Saturday on two plants of the Aramco oil company, the state-owned company of Saudi Arabia, the world's leading producer, could have a short-term effect on the value of crude oil, bringing it to 80 dollars per barrel, which would benefit Colombian revenues from royalties and the income that Ecopetrol generates for the State. In fact, the stock of the Colombian oil company rose yesterday by 3.45 percent and closed at 3,000 pesos. (…) While not ignoring that this is the largest impact on crude oil production in history, spokespeople for the Colombian Chamber of Oil Goods and Services (Campetrol) considered that “the rise in prices is a situational issue that, for Colombia, is favorable –for now– assuming that prices do not correct downward in the short term.”.
Source: La República
Date: September 17
Headline: Demanditis. By: Carlos Ronderos
That seems to be one of the most acute diseases that the Nation suffers from. I demand, I sue you, you sue me, we all sue, and thus we manage to not only congest the already congested justice system, but also to disguise political and personal ambitions under the cloak of rights that entangle every project. (…) The question that arises is at what moment did we reach this extreme that can indefinitely keep the Bogotá metro, Fracking, Tayrona Park, and the political future of the sued and suing leaders in suspense. There will always be a “violated right,” the right to smoke weed in any park one desires or to get drunk in front of educational institutions.
Source: Portafolio
Date: September 17
Headline: The drone attack. By. Francisco Miranda
The heart of global oil infrastructure was attacked last Saturday, generating a shockwave whose consequences are still to be assessed. Houthi Yemenis bombed, apparently with explosive drones, two of the most important oil facilities in Saudi Arabia. The result of the attack on the largest refinery on the planet was the suspension of production of more than 5.7 million barrels of crude oil per day. (…) A third element to consider is the immediate effects that this disruption of the oil market has on producing countries like Colombia. The spike in prices yesterday heralds greater fiscal revenues for the country. (…) These positive prospects were also reflected in Ecopetrol's stock, which rose 3.45 percent and reached 3,000 pesos. However, those who expected the dollar to drop in reaction to this shock saw the U.S. currency rise by 8 pesos on Monday.
Source: El Nuevo Siglo
Date: September 17
Headline: Oil skyrockets and achieves the largest increase since 1991
Oil prices surged and recorded their largest jump in a session since 1991, following the attacks on oil facilities in Saudi Arabia. The price of WTI crude rose from US$55.12 last Friday to US$62.79 with an increase of 14,28%, while Brent, which was at US$62.39 per barrel, ended yesterday at the close of markets in New York at US$68.81 with an increase of 14,26%. What the Organization of the Petroleum Exporting Countries (OPEC) could not do, which has been trying to keep prices high for months by collectively committing to limit production, was accomplished yesterday by the attacks on Saudi Arabia.
Source: El Nuevo Siglo
Date: September 17
Headline: Agreement signed for sustainable development
A strategic agreement aimed at combining efforts to strengthen the sustainable development of the country on issues such as climate change, water resources, soil, air quality and fuels, and biodiversity, among others, was signed by the Ministry of Environment and Ecopetrol. This agreement was established for the period 2019-2022 with the purpose of promoting the adoption of sustainable practices and the development of actions to achieve low-carbon emission operations framed in the Colombian Strategy for Low Carbon Development and Climate Resilience and the National Circular Economy Strategy. (…) During the signing of this important agreement, Ecopetrol announced progress in its decarbonization plan, specifically in the verification of 1 million tons of reduced CO2e.
Source: Vanguardia Liberal
Date: September 17
Headline: “Despite the cleanup in Lisama 158, the fish tastes raw”
In a hotel in Barrancabermeja, a group of fishermen from the rural area of Barrancabermeja and Sabana de Torres met yesterday morning to learn about the results that a specialized laboratory issued after conducting a study of the waters of Caño Muerto and the La Lizama creek, bodies of water affected by the oil spill that occurred on March 3, 2018, at the Lisama 158 well, located in the La Fortuna district. (…) Ecopetrol speaks out. Ecopetrol stated that it is making positive progress in the Environmental Recovery Plan resulting from the Lisama 158 well event, and that this has been verified by the National Authority, Anla. It affirmed that these advances are also shared with the CAS, Ministry of Environment, Aunap, ANH, and the Municipality of Barrancabermeja.
Source: Vanguardia Liberal
Date: September 17
Headline: Emission of gases
Within the decarbonization plan, Ecopetrol signed with the Ministry of Environment the pact that seeks to reduce 20% of its greenhouse gas emissions, GHG, by the year 2030.
Source: Vanguardia Liberal
Date: September 17
Headline: Foreign investment
According to the Bank of the Republic, foreign direct investment reached US$6.235 million by June, representing an increase of 12.1% compared to the same period of the previous year. Investment in oil, hydrocarbons, and mining totaled US$4.942 million and that of different sectors US$1.564.5 million.
Source: Caracol Radio
Date: September 17
Headline: Ecopetrol reported that progress is being made in the repair of the Caño Limón Coveñas pipeline
Source: La Libertad
Date: September 16
Headline: Ecopetrol shares project Offshore· Block Guajira 10
Representatives of Ecopetrol met with the acting governor of La Guajira, Jhon Fuentes Medina, with the purpose of sharing the projects – Offshore Operation in the Caribbean, and the logistical needs required to realize the intention of this strategy on Guajira coasts, to increase reserves that guarantee the country's energy future. It is worth noting that this area is located a few kilometers west of the Chuchupa block, also a gas operation, which Ecopetrol exploits in partnership with the multinational Chevron, which is the operator and whose project is currently in its decline phase. The project for the Department is the Guajira 10 block; a contract signed by Ecopetrol and the National Hydrocarbons Agency that includes the execution of exploration and production (E&P) tasks in the mentioned marine block, with investment commitments from the Colombian oil company of USD 90 million.
Source: Hoy Diario del Magdalena
Date: September 16
Headline: Attack on oil pipeline
Fear among the inhabitants of the municipality of Valle de Guamuez, in the department of Putumayo, was generated by the strong explosion that was recorded on Saturday night, approximately 100 meters from the cemetery. The National Police and the Army through the Twenty-Seventh Jungle Brigade confirmed that it was an attack against the Oso oil pipeline, of the company Ecopetrol, in the municipal head La Hormiga. According to the authorities' report, despite the detonation of explosives on a pipe of the oil transportation system, it did not cause major damage to the infrastructure nor to the civilian population.
Regional News
Source: llaneraradio.com
Date: September 10
Headline: Mourning in the El Morro District, for the death of leader Flor Ángela Cruz Ascencio
Following the tragic accident that occurred yesterday Monday morning when an off-road vehicle plunged and fell into the waters of the Cravo Sur River on the Yopal – El Morro District road, where community leader Flor Ángela Cruz Ascencio lost her life and the vehicle's driver, Mr. Omar Vargas González, was injured and transferred to the Orinoquía Hospital, condolences and sorrow in the populated center come from all public sectors and different community boards and social community leaders. A voice of sorrow and sentiment was expressed by Equión Energía Company, lamenting the death of community leader Flor Ángela Cruz Ascencio, former president of the Community Action Board of the El Progreso village in the El Morro district, and sister of the current community president Reynaldo Cruz.
Source: noticierodelllano.com
Date: September 10
Headline: Death threats against USO executives
The Unión Sindical Obrera reported death threats and harassment against its executives in Meta, especially in Puerto Gaitán. In a letter to the Presidency of the Republic and human rights institutions such as the Ombudsman and the Attorney General's Office, they specifically point out cases such as that of the Secretary of Health and Social Security who has reported on several occasions the presence of strange individuals on unlicensed motorcycles who patrol near his residence located in Castilla la Nueva. (…) In Puerto Gaitán, according to reports, on August 31, 2019, a text message was sent to 6 board members, warning of the physical elimination of those identified as part of the guerrilla for belonging to the union.
Colombian Association of Oil and Gas