ACP as a source of information
GREMIO
Source: Portafolio
Date: July 01
Headline: Bancolombia leads in Merco Talent
BanColombia maintains the first position in the Merco Talent 2020 ranking. Grupo Nutresa remains in second place, while Alpina has risen to third place. Ecopetrol and Grupo EPM are in fourth and fifth place, respectively.
Source: Portafolio
Date: July 01
Headline: In 2021, Ecopetrol would pay the lowest dividend in five years
The dividend payment that Grupo Ecopetrol could disburse in 2021 to all its shareholders could be the lowest in the last five years. This would be one of the most relevant data contained in the Medium-Term Fiscal Framework (MFMP), which indicates that the recent situation where crude oil prices were below US$30 is similar to that of 2016. This is without taking into account the health emergency due to the covid-19 pandemic. (…) Likewise, calculations by the technicians of the Ministry of Finance estimate that according to the value of the set title ($17.5), the national oil company should have around $638,000 million ready for dividend payments in 2021, which would mean just over 0.06% of GDP.
Source: El Nuevo Siglo
Date: July 01
Headline: Hard blow to Puerto López. By: Víctor G. Ricardo
Ecopetrol has decided to close the Bioenergy plant in Puerto López, Meta, which represents a hard blow both for the municipality and for the department and the region, as it implies the end of 750 direct jobs (75% in the region), generating four more indirect jobs each. There were 20,000 hectares planted with sugarcane, 325 hectares reforested with native forest, and clean fuel production was underway. The plant, with a capacity of 500,000 liters of ethanol per day, was one of the investments that also contributed to the peace of the country and had become the largest agro-industrial project in the Eastern Plains.
Source: El Colombiano
Date: July 01
Headline: Home planning and technology, the biggest challenges
Bancolombia, Grupo Nutresa, Alpina, and Ecopetrol are the best companies for hiring and retaining human resources, according to Merco Talent 2020. This year's Merco Talent ranking includes an exclusive chapter on how workers understand the role of companies amid covid-19, evaluating the characteristics of companies in attracting and retaining talent, with Bancolombia, Grupo Nutresa, Alpina, and Ecopetrol highlighted in the top positions among a ranking of 100 companies (see list).
Source: El Colombiano
Date: July 01
Headline: Canacol Energy and Avianca the most valued
The Colombian Stock Exchange reported that yesterday, Canacol appreciated by 4.96 % to 10,580 pesos, Avianca Holdings had an increase of 2.56 % to 200 pesos, and El Condor rose 2.11 % to 919 pesos. The ones that lost the most value were Éxito (-2.91 %), Davivienda (-2.51 %), and Banco de Bogotá (1.56 %).
Source: Vanguardia Liberal
Date: July 01
Headline: ICU occupancy in Santander reached 67%
The installed hospital capacity in the department, before the emergency, was 375 Intensive Care Units, ICU. Currently, 65% of these are occupied by patients with different diagnoses, including COVID-19. (…) In this regard, it denied rumors that there are no reagents available in Santander to conduct SARS-CoV2 tests. On the contrary, it stated that samples are currently being processed in four laboratories approved by Minsalud, such as the one at the Industrial University of Santander, Higuera Escalante, International Hospital of Colombia, and Ecopetrol's, the latter located in Barrancabermeja. Until last Monday, 22,015 tests had been conducted, of which 90 were pending results.
Source: El Universal
Date: July 01
Headline: They will activate a shock plan in the Montes de María
In the coming days, the authorities of the department of Bolívar will announce the reward they will offer for information about the whereabouts of those responsible for the five murders that occurred in less than a week in the municipalities of El Carmen de Bolívar and Zambrano, in the Montes de María. (…) Regarding the murder of Ovidio Baena, a retired Ecopetrol employee, on a farm in the Macayepos district, high area of El Carmen, it was specified that it was not carried out by criminal groups. (…) The mayor of El Carmen de Bolívar, Carlos Torres Cohen, clarified that Baena was not a union leader, but a retiree from the oil company for about 20 years and that the authorities are investigating what happened.
Source: La Opinión
Date: July 01
Headline: Biosecurity protocols are being intensified in the Tibú fields
Ecopetrol, in partnership with the Tibú Mayor's Office, is implementing an action plan with strict biosecurity measures to protect officials, family members, and workers from allied companies conducting activities in the Tibú and Sardinata fields, in Norte de Santander. The company reinforced the biosecurity protocols that have been applied since the beginning of the pandemic with strict compliance with the protocols and guidelines from the National Government, the World Health Organization, the Ministry of Health, and local authorities. Some of the measures implemented since last March include: limiting the workforce to the vital minimum, implementing remote work for collaborators, a 14×14 day shift protocol, taking PCR tests with negative results for incoming and outgoing personnel from the field, mandatory mask use, social distancing of two meters, temperature checks, use of personal protective equipment, disinfection of areas, tools, equipment, and vehicles, and education, among others, applicable to both direct and allied personnel.
Source: El Frente
Date: July 01
Headline: They are preparing for the soon inauguration of a section of the Yuma Road
In the coming days, the section Rancho Camacho – La Virgen of the macro project Yuma Road will be inaugurated, a connectivity initiative that will boost the economy of Barrancabermeja, Santander. “We have fulfilled what was promised and allocated $1,500 million to complete the La Virgen Interchange, with this in the coming days we will have the inauguration of the section Rancho Camacho – La Virgen, a work that will allow for high commercial, industrial, and agricultural development in the coming years in Barrancabermeja,” said Mayor Alfonso Eljach. The project was realized through Interadministrative Agreement 176 of 2009, in which the Mayor's Office of Barrancabermeja, Ecopetrol, the Government of Santander, and Invías contribute.
Source: La Nación
Date: July 01
Headline: The Medium-Term Fiscal Framework. By: Germán Palomo García
The national government, through the Ministry of Finance, has just presented the Medium-Term Fiscal Framework, MFMP, a mandatory mechanism to control the level of public management debt by defining behavioral indicators for both income and expenditure that justify its projections. (…) Regarding total public debt, it is estimated to reach 58.61% of GDP, slightly below the country's debt limit of 60% and which has already been increasing to address the pandemic. The Government expects that this year the Brent oil barrel will average between US$35 and US$40, and that the dollar will be “slightly below” 4,000. (…) However, in this regard, the complement of the reform comes into play, which is the sale of government assets, particularly ECOPETROL and some of its subsidiaries like CENIT and the regional Electrificadoras that have long been on the block, including that of Huila.
Source: pacocol.org
Date: July 01
Headline: The CUT supports and backs the just struggle of oil workers.
On June 4, Decree 811 was issued, through which President Iván Duque self-authorizes to sell the Nation's assets and particularly the state-owned companies listed on the Stock Exchange, such as Ecopetrol and ISA. (…) Within Ecopetrol, the company's management is also weaving a strategy through its business group to alleviate operational costs and especially eliminate the application of acquired rights for the company's workers established in the Collective Labor Agreement held by the Unión Sindical Obrera de la Industria del Petróleo (USO), intending for workers to resign from their employment contracts with the parent company and accept new conditions with the subsidiary CENIT.
Source: radionoticiascasanare.com
Date: July 01
Headline: Mayor of Yopal delivered humanitarian aid in the Chaparrera district over the weekend.
Over the weekend, the mayor of Yopal, Luis Eduardo Castro, traveled to the Chaparrera district and, together with Social Manager Silvia Catalina Vega Calderón, delivered 300 humanitarian aids. This delivery was achieved with the support of community leaders and officials from the Municipal Administration. The humanitarian aids are part of the management carried out by the mayor before oil companies. (…) Additionally, the Mayor announced that the 1,015 food baskets received from Ecopetrol and the Casanare Government will be taken to the districts of Mata de Limón, La Niata, El Morro, and El Charte.
Source: radionoticiascasanare.com
Date: July 01
Headline: Enerca announces suspension of electricity service in rural areas of Yopal for this Friday, July 3.
The energy company of Casanare informs users of the electric service in some sectors of the rural area of the municipality of Yopal that this Friday, July 3, 2020, from 8:00 am to 1:00 pm, preventive maintenance will be carried out on the 13.2 KV Patimena – Los Aceites – Lagunas circuit in the municipality of Yopal. The work to be carried out consists of clearing the network corridor, changing insulation, hardware that is in poor condition, and replacing protection systems. To carry out these activities, it is necessary to suspend the electricity service in the following villages of the municipality of Yopal: Patimena, Los Aceites, Lagunas, Taladro, San Nicolás, San Antonio, Rincón del Moriche, Valves 1 and 2 Bicentennial Pipeline Ecopetrol.
Topics
Source: La República
Date: July 01
Headline: Proposals to recover the economy.
The first half of 2020 concludes with most figures in negative territory, which profile the largest drop in GDP since 1999 in Colombia, but tell the story of a crisis that is even greater than that experienced by the world in 1930. Therefore, reputable economists, former ministers of finance, former co-directors of the Bank of the Republic, and influential academics continue to provide their views on economic reactivation. (…) Former Minister of Finance, Óscar Iván Zuluaga, highlighted the management that the Government has given to the crisis and pointed out that the way to address it is with more public spending and debt. (…) How to stop depending on oil? I propose to accelerate the transition to a digital economy; use the Colombia Compra Eficiente program to advance the transformation of SMEs; a strategy for the development of agro-industrial chains, among other initiatives.
Source: La República
Date: July 01
Headline: Moody’s reaffirms Colombia's investment grade.
The risk rating agency Moody’s Investors Service, one of the three most important in the world, maintained Colombia's credit rating stable at Baa2, equivalent to BBB on other scales, with a stable outlook, which, for now, confirms the continuity of the Nation as an ‘investment grade’ country. (…) This decision is less severe than the one made in April by Fitch Ratings when it downgraded the rating from ‘BBB’ to ‘BBB-’ and maintained the negative outlook. In this case, the country was indeed one step away from losing its investment grade, arguing that “the recession and the drop in oil prices will negatively affect government revenues, while the fiscal package announced by the government (1.41% of GDP to date) will increase public spending.”.
Source: La República
Date: July 01
Headline: The dollar fell due to uncertainty in the economic outlook of the United States
At the close of Tuesday, the dollar reached an average price of $3.756,26, which represented a drop of $2,65 against the Representative Market Rate (TRM), which stood at $3.758,91. (…) Regarding crude prices, they lost more than 1%, as traders took profits after the strong gains of the previous day and due to announcements of progress in the Libyan state oil company's talks to resume exports, which could increase supply. The WTI barrel fell 1,08%, to US$39,27, while Brent lost 1,34%, to US$41,15.
Source: El Colombiano
Date: July 01
Headline: Tuesday of declines in oil prices
Oil prices fell yesterday due to investor concerns over the coronavirus crisis and the prospect of Libyan production returning to a market with abundant supply. Thus, the North Sea Brent barrel for August delivery, on its last day of trading, ended at 41,15 dollars in London, falling 1,3 % from Monday's close. In New York, the WTI barrel for the same delivery lost 1,1 %, reaching 39,27 dollars. Prices are falling due to “growing concerns about the current control of the Covid-19 epidemic and a possible second wave” of infections, estimated Tamas Varga, analyst at PVM.
Institutional
Source: Caracol Radio
Date: June 30
Colombian Association of Oil and Gas