ACP as a source of information
Source: Radio Red – Regional
Date: July 21
Source: Radio Red – Regional
Date: July 21
Source: Radio Red – Regional
Date: July 21
Source: Radio Red – Regional
Date: July 21
Source: lahoradelaverdad.com.co – Regional
Date: July 20
He added that according to estimates from the Ministry of Energy and Mines, by the end of the year, production could possibly be above 800,000 barrels, “hopefully it will be so for the good of the country.» Regarding exploration, Lloreda stated that “without a doubt we are losing the year.” He assured that what the National Hydrocarbons Agency is expecting is that this year, if the country does well, there will be around 15 exploratory wells. (…) Regarding fracking, the President of the Colombian Petroleum Association explained that if this practice is successfully implemented, “we could spare Colombians an avalanche of taxes in the coming years, because oil would contribute a revenue.».
GREMIO
Source: El Espectador
Date: July 22
Headline: Time to rethink domestic work
Tasks such as cooking and cleaning have historically fallen on women. Sometimes they are paid, although with high levels of informality, and at other times they are not. They are essential jobs for life and any other productive activity. (…) One of the companies that participated in the Aequales study was Cenit, a subsidiary of Ecopetrol. Before the pandemic, Pilar Marulanda, Vice President of Human Talent at Cenit, recounts that they had benefits such as extended paternity and maternity leave (more time than defined by law), as well as a flexible schedule program, among others. During the pandemic, recognizing the challenges brought by the so-called “work from home” to balance family and work life, they have made decisions such as not having work activities before 8 a.m., between 12 and 2 p.m., and after 5 p.m., except for “consensual” exceptions.
Source: La República
Date: July 22
Headline: Challenges in fiscal matters. By: Santiago Castro
Although the good economic prospects for 2020 at the beginning of the year were based on the strengthening of household consumption and investment, also in the more favorable environment for job creation and business formalization thanks to the measures contemplated in the Growth Law, the most recent modification to the tax statute. It was expected, in terms of public finances, that the transfers made to the Central National Government (GNC) by Ecopetrol and the Bank of the Republic in the form of dividends and profits, combined with a better performance of tax collection, would allow for a reduction in deficit levels, compliance with the provisions of the Fiscal Rule Advisory Committee, and a decrease in debt levels as a percentage of GDP.
Source: Vanguardia Liberal
Date: July 22
Headline: Residents of Wilches await potable water treatment plant
The wait has been long; however, hundreds of families in the municipality of Puerto Wilches trust that the construction and commissioning of the potable water treatment plant will finally become a reality. (…) Thanks to the investment from Ecopetrol and the Municipality, the southern sector of our locality, which includes neighborhoods such as Arenal and Colombia San Francisco, will develop with this project,” said the mayor of Puerto Wilches, Jairo Toquica. The Mayor added that for the construction of the project, Ecopetrol contributed $1,000 million, while the Mayor's Office of Puerto Wilches disbursed about $400 million.
Source: Hoy Diario del Magdalena
Date: July 22
Headline: Rodolfo Segovia, president of the Colombian Academy of History. By: Amilkar D. Acosta
For the first time in its long history, someone from the Colombian Caribbean region assumes the presidency of the Colombian Academy of History, and does so with ample merit. In today's Academy Assembly, he was elected with the unanimous vote of the Regular and Honorary Members. This is Rodolfo Segovia Salas, a Regular member, an intellectual of many qualities, with a long career and a distinguished record of service, both in the public sector, as former president of Ecopetrol, former Minister of Transport, and Senator of the Republic, and in the private sector, standing out as a prosperous businessman. A chemical engineer by profession, he holds a Master's in Latin American History from the University of California, Berkeley, and studied economic sciences at the IRFED Institute in France.
Source: zonaoriental.com.co
Date: July 22
Headline: The gas field discovered in Ponedera
*This finding adds to the one announced in May 2020 at the Bullerengue 3 well, 30 kilometers from Barranquilla, and at the Bullerengue Sur-1 well, near Sabanalarga. The discovery of a gas field in an area near the municipality of Ponedera is a positive development for the department of Atlántico, considering the development and job creation that the hydrocarbons sector drives. (…) Hocol, a 100% subsidiary of Ecopetrol, has a 50% stake in the SSJN1 contract and leads geological and geophysical activities; for its part, Lewis Energy Colombia Inc. is the operator of the area, with a 50% stake and leads drilling, completion, testing, and production activities.
Source: Caracol Radio
Date: July 21
Source: BLU Radio Barranquilla
Date: July 21
Source: Hjwk Neiva
Date: July 21
Source: Exitosa Stereo
Date: July 21
Headline: The multinational Chevron Petroleum Company buys Noble Energy for 5 billion dollars.
Source: Emisora del Atlántico
Date: July 21
Source: Radio Nacional de Colombia
Date: July 21
Source: Caracol TV
Date: July 21
Topics
Source: El Espectador
Date: July 22
Headline: ‘Pilot ’fracking', without foreign currency. By: Juan Pablo Ruiz Soto
In the context of the crisis generated by COVID-19, when the United Nations, the European Union, and multilateral banking propose a green economic recovery, advances in the Colombian regulatory process for comprehensive research pilot projects (PPII) have sparked the discussion about fracking in Colombia. As a member of the Interdisciplinary Commission that recommended the PPII to assess the relevance or not of commercial fracking in Colombia (March 2019), but not on its behalf, since the Commission was dissolved more than a year ago, I find it unavoidable to refer to the topic.
Source: La República
Date: July 22
Headline: The dollar fell to $3.621 amid optimism about the COVID-19 vaccine.
This week, the dollar price started with losses due to the advances of the COVID-19 vaccine and a better global economic outlook, supported by the European Union's stimulus. In yesterday's session, the currency fell $23 and was quoted on average at $3.628,16. (…) Finally, crude oil prices rose nearly US$1 per barrel, aided by the same positive news about treatment trials against the pandemic and the stimulus agreement in the European Union, which reached levels last seen four months ago. The oil market increased demand for crude. The international Brent, a reference for the Colombian market, gained 2,04%, to US$44,32 per barrel, while West Texas Intermediate in the United States (WTI) rose 2,82%, to US$41,96, according to the latest closing from the Reuters news agency.
Source: La República
Date: July 22
Headline: Nutresa and Grupo Aval are the most attractive stocks on the Stock Exchange.
In July, most analysts and portfolio managers who participated in the Financial Opinion Survey (EOF), which is conducted monthly by Fedesarrollo, considered Nutresa's ordinary shares and Grupo Aval's preferred shares as one of the three most attractive species in the Colcap (…) The sectors where preference for their stocks decreased between June and July were holdings (50%), oil (28,6%), and construction (21,4%). The percentage that indicated them as attractive for investment last month was 53,8%, 30,8%, and 23,1%, respectively.
Source: Portafolio
Date: July 22
Headline: Oil price at levels of March.
International oil prices rose yesterday to their highest in four and a half months driven by the European economic reactivation agreement and the expectations generated by some coronavirus vaccine projects, both favorable elements for a demand recovery. In New York, the ‘light sweet’ crude oil (WTI) for August delivery rose 2,8%, closing at US$41,96 on its last trading day. Meanwhile, in London, the Brent unit from the North Sea for September delivery ended at US$44,32, a rise of 2,4% over Monday's close.
Source: Radio Red
Date: July 21
Source: portafolio.co
Date: July 21
Headline: WTI oil closes at levels not seen since early March.
The price of West Texas Intermediate (WTI) crude oil closed this Tuesday with a rise of 2.8% and stood at $41.96 per barrel, at levels not seen since early March, driven by the European recovery plan against the coronavirus and promising advances in the race for a vaccine. At the end of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts for August delivery rose by $1.15 compared to the previous Friday's session, coinciding with their expiration date. (…) On the other hand, markets continued to savor today the promising advances in COVID-19 vaccine trials, such as those announced by the University of Oxford and pharmaceutical company AstraZeneca, and the news of Chevron's $5 billion purchase of Noble Energy.
Institutional
Source: El Frente
Date: July 22
Headline: Jaime Durán Barrera First Vice President of the Senate
The First Vice President of the Senate for the 2020-2021 term, Jaime Enrique Durán Barrera, upon taking office in his new position expressed his gratitude to the Liberal Party, his party, for proposing him for this position: “I will work from liberal ideas so that we can carry out very good work, just as the previous Board of Directors led by Lidio García did.” (…) • The Senator denounced the diversion of more than 10 billion pesos intended for scientific and technological research, which were invested in scholarships for the children of the directors of the National Hydrocarbons Agency. (…) • In several statements, he has urged national governments to prevent the sale of the Nation's shares in the Colombian Petroleum Company, Ecopetrol, a topic that led him to present a bill in the same sense accompanied by other senators from the liberal bench.
Source: Diario del Norte.
Date: July 21
Headline: Fatal coincidence. By: Amylkar D. Acosta Medina
History repeats itself. In 2011, a reform to the current royalty regime was approved through Legislative Act 05 of that same year. (…) But that very year served as a turning point, from which the prices of coal, gold, and ferronickel began to collapse first, and subsequently, starting in mid-2014, oil prices also fell, after a long cycle of high commodity prices. (…) This, of course, caused great discontent and significant dissatisfaction in the regions where companies extract non-renewable natural resources (Rnnr), exacerbating social conflict and rejection of this activity, putting the viability of extractive projects at risk. The outgoing Minister of Mines and Energy, María Fernanda Suárez, perceived this and stated clearly, “the producing regions are not satisfied with the royalties they receive today.”.
Source: vanguardia.com
Date: July 21
Headline: To recover the economy in 2021, the Government will invest a sum of $14.3 trillion
According to the investment plan, which is pending approval, the resources for this item will total $52.8 trillion, which would be $11 trillion more than this year. According to the 2021 Annual Investment Operational Plan (Poai), designed by the National Planning Department (DNP), which LR had access to, and which is pending approval, next year $52.8 trillion of the General Budget of the Nation will be allocated exclusively to investment, of which more than $14 trillion will go to recovery. (…) For the mining-energy sector, $14.5 trillion were allocated, in order to guarantee the four quarters of electric and gas subsidies for the 2021 period, special funds such as the ‘Energization of Non-Interconnected Areas’; in addition to exploration exercises by the National Hydrocarbons Agency (ANH).
Colombian Association of Oil and Gas