ACP as a source of information
Source: La República – National
Date: August 03
Headline: Worrying losses of the most important oil companies
The bad time faced by the oil market in the first six months of the year not only drove the price of West Texas crude down to -US$31, but also weighed on the financial results of ‘Big Oil’ and other companies in the sector to close in the red. Tomorrow, when the results of the state oil company Ecopetrol are presented, all analysts“ attention will be on whether it will follow the trend of its global peers, which are recording heavy losses, or if, on the contrary, it will barely scrape through the first half of the year. (…) Francisco José Lloreda Mera, president of the ACP, said that ”in recent weeks the price has remained relatively stable between US$42 and US$44 per barrel, Brent price, and we expect that in the remainder of the year it will continue to recover, albeit slowly. However, there is still an uncertain outlook due to the different global economic reopening schedules that may incentivize demand, the reduction in production cuts by OPEC+, and due to the outbreaks.” It was reported in: noticiaspasto.co (August 03), noticias-tunja.co (August 03), larepublica.co (August 03).
Source: El País – Regional
Author: Francisco José Lloreda Mera
Date: August 02
Headline: What happened?
At a time when the country surpasses 10,000 deaths due to the coronavirus and the highest daily growth in the ratio of new to total cases, and it is likely that, along with the United States, Russia, India, and Brazil, we will end up being one of the most affected countries in the world by the pandemic, it is inevitable to wonder where we have failed, not to point fingers, but to reflect and strive to do better moving forward. It is surely true that the quarantine, starting on March 24, was premature. Days earlier, on March 19, the mayor of Bogotá had anticipated by decreeing a similar measure under the euphemism of a drill, an example followed by other mayors, in good faith, with the available information. It was reported in: elpais.com.co (August 02).
Source: El Nuevo Siglo – National
Date: August 01
Headline: 3,659 attacks on oil infrastructure generated 4,455 impacts
Close to 3,659 attacks against oil infrastructure produced 4,455 impacts not only on the infrastructure and assets of the industry but also on the environment and the civilian population. (…) The report emphasizes the areas of influence of the Caño Limón-Coveñas and Trasandino pipelines, the most affected by the attacks. It also includes stories of people who experienced attacks on these pipelines. (…) For his part, the executive vice president of Ecopetrol, Alberto Consuegra, stated that “non-repetition must be a motto for everyone, so that we can build the peace we need for the country.” Regarding expectations for the work of the Commission and its Final Report, Francisco Lloreda, president of the Colombian Petroleum Association (ACP), stated that “I do not expect an official historical truth, which is impossible to achieve. I hope that (the Commission) shares with us a series of plural narratives, giving voice to the victims.” He then pointed out: “this industry has been a victim of the armed conflict.” It was reported in:elnuevosiglo.com.co (August 01).
Source: BLU Radio – National
Date: July 31
Source: acis.org.co – National
Date: July 31
A report by the Ideas for Peace Foundation (FIP) reveals that attacks on oil infrastructure in Colombia left more than 4,400 impacts on the industry, the environment, and the civilian population. ● The report emphasizes the areas of influence of the Caño Limón-Coveñas and Trasandino pipelines, the most affected by the attacks. ● The Report was delivered to the Truth Commission at a public forum attended by the President of the Commission, Francisco de Roux, the Vice President of Ecopetrol, Alberto Consuegra, the President of the Colombian Petroleum Association ACP, Francisco Lloreda, and Astrid Martínez from Fedesarrollo. (…) For his part, the Executive Vice President of Ecopetrol, Alberto Consuegra, stated that “non-repetition must be a motto for everyone, so that we can build the peace we need for the country.”.
GREMIO
Source: La República
Date: August 03
Headline: These were the social investments of the top-selling companies
The largest social investments of Colombian companies during the past year were directed towards programs aimed at employees and their families (86%) and volunteering (43%). (…) This is the case of Ecopetrol, the oil company made investments of $229 billion, $184 billion more than invested in 2018. “Our investment focuses were education, sports, and health; additionally, in inclusive rural development, we promoted the integration of rural communities into productive chains; in the area of entrepreneurship and business development, we strengthened the business fabric through capacity development and the creation of environments that favor innovation; and we also invested in access to public services, drinking water and basic sanitation, and in public and community infrastructure,” said Juanita De la Hoz, manager of social prosperity at Ecopetrol.
Source: La República
Date: August 03
Headline: Companies in the mining-energy sector are the most significant in the top 100
Several important milestones marked the agenda of the mining-energy sector in 2019. Whether due to the push for renewable energies, the signing of 31 new oil contracts, or the arrival of new players in the market, a large part of the companies in the sector recorded good figures, in line with the local economy. Ecopetrol, without a doubt, was the company that set the pace and achieved record figures. The state-owned oil company continued its plan for operational and financial efficiencies, which allowed it to reach $70.8 trillion in operational revenues and profits of $13.3 trillion, the highest in the last six years. Graph. Source: ANH.
Source: La República
Date: August 03
Headline: Clarifications of the data provided in the figures of the 100 companies
ECOPETROL: The financial statements are consolidated and include the following companies: Refinería de Cartagena S.A.S., Cenit trans – port and logistics of Hydrocarbons S.A.S., Ecopetrol Global Energy S.L.U, Oleoducto Central S. A. – Ocensa, Hocol Petroleum Limited., Hocol S.A., Esenttia S.A., Ecopetrol Capital AG, Oleoducto Bicentenario de Colombia S.A.S., Andean Chemicals Ltd, Oleoducto de los Llanos Orientales S. A. – ODL, Inversiones de Gases de Colombia S.A. Invercolsa S.A, Black Gold Re Ltd., Oleoducto de Colombia S. A. – ODC, Bioenergy S. A. S., Ecopetrol USA Inc., Ecopetrol Permian LLC…
Source: El Diario
Date: August 03
Headline: Innovation and creativity in schools during confinement
An antibacterial gel dispenser, a home garden, and an integral methodology are some of the initiatives and ventures developed by the students. (…) For his part, Gustavo Adolfo Villa, another student from the Technological Institute of Santa Rosa de Cabal, expressed: “I feel fortunate to have participated in this project and acquired knowledge.” The Technological Institute of Santa Rosa de Cabal, under the direction of the Risaralda Governor's Office, is one of the region's outstanding schools for its capacity for innovation, an award granted by Ecopetrol in 2013.
Topics
Source: El Nuevo Siglo
Date: August 03
Headline: Governors demand the national Executive to accelerate the disbursement of the surcharge on ACPM
Following a meeting convened by the National Federation of Departments (FND), which included delegates from the Ministry of Finance and the governors of Atlántico, Quindío, Meta, and Valle del Cauca, as well as the finance secretaries of the 32 departments. The regional leaders unanimously demanded the national Government to disburse resources to support economic reactivation and address the needs generated during the health emergency caused by the coronavirus. (…) “For example, the mentioned aid with the surcharge on ACPM has not yet been disbursed, and we are still being imposed requirements for the dis-saving and extraordinary resources from Fonpet, which do not allow us to access those resources to operate adequately,” revealed Gil.
International
Source: Caracol Radio
Date: August 02
Source: pacocol.org
Date: August 02
Headline: Defend Ecopetrol and reject fracking: moral and revolutionary obligations
In the center of Bogotá is the national administrative complex of the Colombian state oil company, Ecopetrol, where the monument to oil exploitation in Colombia stands out in its central square, a Machín, as the oil workers named the oil rod pump, which is almost 100 years old and was used in one of the first wells found in the Magdalena Medio region, in what was known as the Mares concession, the emblematic La Cira well in the Infantas field, (…) In this place, two workers have been chained for 35 days demanding that Cenit, the public subsidiary of Ecopetrol, which operates all crude transportation, pipeline infrastructure, and refineries in the country, not be sold. (…) “5) The concession contracts for Unconventional Reservoirs signed by the National Hydrocarbons Agency, ANH, with oil companies, contemplate a ridiculous participation of the country (Taxes + royalties + participation in production + others).
Colombian Association of Oil and Gas