ACP as a source of information
GREMIO
Source: La República
Date: July 24
Headline: Repsol enters Chile with renewable company
Santiago de Chile. The Spanish oil company Repsol SA will enter the renewable energy market in Chile through a joint venture to develop solar and wind projects in the South American nation. Repsol will form a joint venture with the Ibereólica Renovables Group from Spain, and each company will have a 50% stake, according to a statement from the Madrid-based oil producer.
Source: La República
Date: July 24
Headline: Barreto appointed chief of advisors
The Superintendent of Industry and Commerce, Andrés Barreto, appointed lawyer Marcos Torres as Chief of Advisors to the entity's office. “Thank you for the opportunity to serve the country from such an important entity for Colombians as the Superintendence. It is an honor for me to work with you, I assume the commitment with ethics and excellence,” Torres indicated through his Twitter account. Prior to his appointment, Torres worked at Ecopetrol as a legal advisor to the legal vice presidency staff.
Source: El Heraldo
Date: July 24
Headline: Ecopetrol donates 14,000 biosecurity suits
The initiative is part of efforts to support medical personnel and the health network of Cartagena according to the District's action plan.
Source: Vanguardia Liberal
Date: July 24
Headline: Protesters block Yariguí oil field
New setbacks in oil fields were reported this week, to which Ecopetrol once again called for calm. As a reminder, this year there have been several issues recorded, which has necessitated the formation of working groups to resolve the problems, as occurred in the La Cira Infantas Project and in Casabe (Yondó). The latest situation of this nature took place in the municipality of Cantagallo, Bolívar, where this week a significant number of people staged blockades in the production areas of the Yariguí field. (…) According to the oil company, the application of biosecurity protocols in that area has allowed the operation of allied contractor companies of Ecopetrol to be restored, which have generated 311 job opportunities, mostly local labor.
Source: prensalibrecasanare.com
Date: July 24
Headline: Project in Termoyopal paralyzed due to Covid-19 suspicions
A worker from Termoyopal tested positive for Coronavirus in a rapid test, prompting workers to stage a protest yesterday at the facilities located in the El Morro district to demand improvements in biosecurity protocols. (…) The leader warned that there is one positive case among Ecopetrol workers, so the Municipal Health Secretariat was asked to take action. For its part, Termoyopal reported that since the beginning of the health emergency, good practices have been included in the industry to prevent the contagion and spread of Covid-19.
Source: semanariovoz.com
Date: July 24
Headline: “We propose a social pact to get out of the crisis”
The senator from the Patriotic Union, Aida Avella, representing the opposition bench, was responsible for replicating the speech of the President of the Republic at the inauguration of the new legislature of Congress. VOZ reproduces the full speech. Colombians. A new legislature is being installed, and the first thing is to express our solidarity with those infected by coronavirus and with the families who have lost their loved ones; we are with you. (…) We reject the sale of Cenit and shares of Ecopetrol. Privatizations are among the worst decisions of previous governments; services have not improved, corruption has invaded them, inefficiency is evident in most, and many of them sue the State when citizen protests demand the interruption of their contracts due to non-compliance, as we see with Electricaribe.
Source: vanguardia.com
Date: July 24
Headline: Protesters block Yariguí oil field
New setbacks in oil fields were reported this week, to which Ecopetrol once again called for calm. As a reminder, this year there have been several issues recorded, which has necessitated the formation of working groups to resolve the problems, as occurred in the La Cira Infantas Project and in Casabe (Yondó). The latest situation of this nature took place in the municipality of Cantagallo, Bolívar, where this week a significant number of people staged blockades in the production areas of the Yariguí field. (…) According to the oil company, the application of biosecurity protocols in that area has allowed the operation of allied contractor companies of Ecopetrol to be restored, which have generated 311 job opportunities, mostly local labor.
Topics
Source: El Tiempo
Date: July 24
Headline: Energy reactivation
In his speech on July 20, President Iván Duque presented the country with an economic reactivation plan called a ‘New commitment for the future of Colombia’. The presidential initiatives include an ambitious package of 27 strategic projects for renewable energies and transmission. (…) Although not specifically mentioned in the energy initiatives, six offshore projects for hydrocarbons, one crude oil project in Putumayo, and eight mining projects in coal, gold, and copper can be added. It is clear that these last ones face complex challenges against the strength of their opponents in the areas of influence.
Source: La República
Date: July 24
Headline: The dollar continues to strengthen against Latin American currencies
On Thursday, the currency was quoted at an average price of $3,660.14 and recorded an increase of $32.86 against the representative market rate (TRM), which stood at $3,627.28. Regarding oil prices, they fell on Thursday after the Energy Information Administration (EIA) declared on Wednesday that crude and distillate inventories unexpectedly rose and that fuel demand decreased in the United States in the last week, as the increase in covid-19 cases in that country is harming consumption. According to Reuters, the WTI barrel decreased by 1.98%, to US$41.07, while Brent lost 2.21%, to US$43.31.
Source: Portafolio
Date: July 24
Headline: Government to resolve court blow to pension decree
With the declaration of unconstitutionality by the Constitutional Court of legislative decree 558 of April 15, with which the Government sought to provide relief to companies and independent workers by suspending pension contributions for April and May, the Executive must now find ways to resolve the impasse. The Court also struck down the second part of the decree that would allow Colpensiones to assume the pensions of programmed retirement of a minimum wage for about 20,000 affiliates of private funds and receive about $5 billion, following the blow that these funds' portfolios suffered due to the coronavirus crisis and the oil war in March and part of April.
Source: El Universal
Date: July 23
Headline: “We passed the semester”: president of Puerto Bahía
In the midst of the pandemic and the natural decline in global maritime traffic, there are positive facts to highlight in the port activity of Cartagena. Puerto Bahía, the youngest of the city's major terminals, has remained dynamic in these first months of the year and despite the strong impact of the COVID-19 crisis on the national, regional, and global economy, it has managed to “pass the semester,” assures its president, Juan Ricardo Noero. (…) Another project that Puerto Bahía is about to undertake is the connection of those facilities with the Cartagena Refinery, an initiative that according to Noero “already has design, license, and is pending decisions from the Refinery.” This connection would be made through a multipurpose pipeline and an oil pipeline, for imported crude and another to export finished products, with a capacity of 150,000 barrels per day and extending 7.5 kilometers.
Source: La Crónica del Quindío
Date: July 23
Headline: Basic income: “It must be for everyone and not be conditional”
In the previous legislative period of the Congress of the Republic, the bill “through which an emergency basic income is recognized for vulnerable people in order to meet basic needs during the health emergency declared in the country” was processed. An initiative that sank, but will resurface during the current legislature, according to the opposition. (…) Juan Manuel Aristizábal agrees that financing for the system is required through taxes. “If there were a greater oil boom, that could be a source of financing, but in its absence, there is no other way than to do it with taxes.”.
Source: dinero.com
Date: July 23
Headline: Reficar will donate 14,000 biosecurity suits for medical personnel
The Cartagena Refinery announced the delivery of 14,000 biosecurity suits for the city's medical personnel in order to face the COVID-19 emergency. The suits will be delivered to the University Hospital of the Caribbean, the Local Hospital Cartagena de Indias, the District Administrative Department of Health (Dadis), the El Bosque-Dumian Medical Clinic, the Rafael Calvo Maternity Clinic, and the Napoleón Franco Pareja Children's Hospital. Reficar announced that it will deliver, next week, 1,000 suits to Gestión Salud San Fernando, 1,000 to the Estrios Clinic, and 500 to the General Clinic of the Caribbean.
Source: dataifx.com
Date: July 23
Headline: Oil falls nearly 21% reacting to increase in reserves and advance of coronavirus
This Thursday, the prices of the so-called black gold recorded losses, reacting to the increase in reserves in the United States and fears about the advance of the coronavirus in the country. Crude deepened the losses from the previous day in light of an unexpected increase in reserves of 4.9 million barrels, up to 536.6 million, more than double what some analysts had predicted. (…) Thus, U.S. WTI fell 1.481% to $41.28 and the European Brent, a benchmark for Colombia, lost 1.691% to $43.54 per barrel.
Institutional
Source: La República
Date: July 24
Headline: There are 27 energy projects for economic reactivation
A portfolio of 27 energy projects is part of the National Government's commitment to reactivate the economy. These are initiatives for renewable energies and transmission lines that are expected to require investments of up to $16 billion and which will be, according to President Iván Duque, key to generating employment and driving growth. (…) “Sustainable reactivation is a commitment in three strategic axes: first, to make energy transformation a reality, and execute all the parks and solar farms. Also the diversification of the mining basket, and, in the hydrocarbons sector, to capitalize on the major offshore bets that the country has,” explained Diego Mesa, Minister of Mines and Energy.
Source: lavozdelcinaruco.com
Date: July 23
Headline: Mayor of Arauca was appointed as representative of the FAEP
The Departmental Assembly appointed the mayor of Arauca, Edgar Fernando Tovar Pedraza, as the department's representative to the Oil Savings and Stabilization Fund-FAEP. (…) For his part, deputy Marcos Somoza Camperos said that after several periods where Arauquita represented the department before the FAEP and the National Hydrocarbons Agency, today an official from the capital municipality is given the opportunity to do so “we are going to form a work team with Édgar Tovar to strengthen the development that the department needs, especially at this moment due to the crisis we face because of covid-19.” The Oil Savings and Stabilization Fund is a system for managing accounts abroad, without legal personality and with its accounts in the name of Ecopetrol, of the departments and municipalities that receive royalties and monetary compensations and of the National Royalties Fund.
Source: elcirculo.com.co
Date: July 23
Headline: The departmental assembly appoints the mayor of Arauca as representative to the FAEP
The Departmental Assembly appointed the mayor of Arauca, Edgar Fernando Tovar Pedraza, as the department's representative to the Oil Savings and Stabilization Fund-FAEP. Nine deputies supported his nomination as a member of the committee of this entity managed by the Bank of the Republic. (…) For his part, deputy Marcos Somoza Camperos said that after several periods where Arauquita represented the department before the FAEP and the National Hydrocarbons Agency, today an official from the capital municipality is given the opportunity to do so “we are going to form a work team with Édgar Tovar to strengthen the development that the department needs, especially at this moment due to the crisis we face because of covid-19.” The Oil Savings and Stabilization Fund is a system for managing accounts abroad, without legal personality and with its accounts in the name of Ecopetrol, of the departments and municipalities that receive royalties and monetary compensations and of the National Royalties Fund.
Colombian Association of Oil and Gas