ACP as a source of information
Source: El Tiempo – National
Date: June 05
Headline: Reactivation in fuel
After the sharp decline it experienced in April, around 60 percent, fuel consumption in the country, with the exception of aviation, showed a reaction in May that becomes an additional signal of reactivation for the economy after the forced halt to contain the expansion of the coronavirus pandemic. This was shown in the report made by the Colombian Petroleum Association (ACP), which indicates that the strongest decrease was recorded in the demand for aviation fuel (Jet A1), with a drop of 90 percent, as a consequence of border closures and restrictions on domestic flights, which led to the paralysis of commercial aviation. It was replicated in: eltiempo.com (June 04), prensalibrecasanare.com (June 05), buenaventuraenlinea.com (June 05), llaneraradio.com (June 05), notingenio.com (June 05), redmas.com.co (June 05), RCN Radio (June 04).
Source: Melodía Estéreo
Date: June 06
Source: La República – National
Date: June 05
Headline: Collection from gasoline and Acpm would fall by 37%
The Colombian Petroleum Association (ACP), chaired by Francisco Lloreda, published a report on the impact of covid-19 not only on fuel consumption but also on public accounts. One of the points that stands out is that due to this drop in demand and global prices, “a total decrease of 37% ($1.7 billion) in national tax collection from gasoline and Acpm is estimated for 2020 (compared to 2019).” Additionally, they indicated that revenues to territorial entities from the surtax would decrease by 20% ($500,000 million). It was reported in: larepublica.co (June 05).
Source: Portafolio – National
Date: June 05
Headline: Oil: 70% of exploration is from private companies
To a large extent, the current volume of crude oil and gas reserves that the country has is thanks to the work of private oil companies operating in the national territory. (…) “Due to the price crisis, exploratory activity has significantly reduced in the country, and a cut of 75% in the budget initially planned for this year is expected. This is concerning because if we do not explore, in the future we will not have new barrels to add to the reserves,” stated Francisco José Lloreda, president of the Colombian Petroleum Association (ACP). (…) Records on the subject from the National Hydrocarbons Agency (ANH) in 2019 indicate that only 49 million barrels were added, which were contributed by new discoveries. (…) “Due to the price crisis, exploratory activity has significantly reduced in the country, and a cut of 75% in the budget initially planned for this year is expected. This is concerning because if we do not explore, in the future we will not have new barrels to add to the reserves,” stated Francisco José Lloreda, president of the Colombian Petroleum Association (ACP). It was reported in:portafolio.co (June 04).
Source: El Nuevo Siglo – National
Date: June 05
Headline: Fuel consumption begins to recover
The Colombian Petroleum Association (ACP) presented the economic report “Impacts of Covid-19 on the liquid fuels market and recovery prospects 2020,” which shows that after a strong impact on the sector in April, fuel consumption began to recover in May, due to the reopening of various economic sectors in the country. The mandatory isolation measures adopted to contain the emergency restricted the movement of the population and economic activity, affecting the energy demand of all sectors, especially transportation, which led to a drop in liquid fuel orders of 60% in April. According to the report, the strongest decrease was recorded in the demand for aviation fuel (Jet A1) with a drop of 90%, as a consequence of border closures and restrictions on domestic flights, which led to the shutdown of commercial aviation; this was followed by a reduction of up to 70% in gasoline consumption, and 50% in diesel-biodiesel blends.
Source: La Nación – Regional
Date: June 05
Headline:Out of gasoline?
In some fuel sales points in the country, shortages are already being reported, and the situation could replicate across the national territory, warned the retail distribution sector under the leadership of Fendipetróleo yesterday. (…) The Colombian Petroleum Association (ACP) reported yesterday that after a strong impact on the sector in April, with a drop of 60%, liquid fuel consumption began to recover in May, due to the reopening of various economic sectors in the country. It was replicated in:lanacion.com.co (June 05).
Source: diariolaeconomia.com – National
Date: June 05
Headline: Fuel consumption, an indicator of economic reactivation: ACP
After hitting rock bottom in April with a drop of 60%, fuel demand began its recovery. May recorded an increase in gasoline and diesel-biodiesel consumption of 40%. The mandatory isolation measures adopted to contain the emergency restricted the movement of the population and economic activity, affecting the energy demand of all sectors, especially transportation, which led to a drop in liquid fuel demand of 60% in April. (…) “The fuel sector represents 1% of the national GDP and is what drives Colombia, supplying the fuels needed for the movement of people, transportation of goods, the operation of industries, agriculture, among others; that is why we view these signs of recovery recorded and the forecasts for the remainder of the year with optimism, as it is also a sign that our economy is taking steps towards the beginning of its reactivation,” said Francisco José Lloreda Mera, Executive President of the ACP.
GREMIO
Source: El Tiempo
Date: June 05
Headline: Ecopetrol resumed operations at 156 fronts and 6,200 workers were reintegrated.
Ecopetrol reactivated 156 work fronts where activities such as construction of facilities and drilling are taking place, as well as progress in wells. According to the state-owned company, this reactivation is being carried out gradually and with strict biosecurity protocols. (…) It also stated that the departments reporting the most activity in the projects are Meta and Santander, which concentrate 73 percent of the activities.
Source: La República
Date: June 05
Headline: Ecopetrol has already reactivated 156 work fronts.
Ecopetrol announced that 156 work fronts have already been reactivated in the different projects it is carrying out in the country. As of May 31, this increase in activities generated the reintegration of 2,810 workers. Of the 156 work fronts, the oil company confirmed that 2,478 people are working remotely, while 3,743 are in the field. In total, 6,221 jobs have been reactivated, the oil company reported.
Source: La República
Date: June 05
Headline: The companies' aid programs for health sector professionals
Since the first positive case of covid-19 was reported in Colombia on March 6, the business sector began to join efforts to help the country in the fight against this virus that has already claimed the lives of more than 1,000 people in the territory. Companies from different sectors have made donations, ranging from biosecurity kits to millions of pesos to strengthen the health system. Among the companies that have announced aid are Ecopetrol, which announced a second investment package of $22.800 million to strengthen health system care; Grupo Argos, which has made an investment of $16.300 million since the beginning of the situation, of which $13.000 million has been allocated to the health sector, specifically, $10.000 million for strengthening the capacity of the hospital system.
Source: Portafolio
Date: June 05
Headline: Ecopetrol grows in the number of tasks
Ecopetrol gradually reactivated and implemented biosecurity protocols in 156 project sites it carries out in different areas of the country, such as construction of facilities and drilling of wells, which led to the reintegration of 2,810 workers from contractor firms. In the work fronts, 2,478 people (45%) perform activities remotely and 3,743 (55%) are engaged in fieldwork.
Source: Portafolio
Date: June 05
Headline: Donations to the Caribbean Coast of the country
Chevron Petroleum Company and its Texaco brand, in partnership with the Red Cross, delivered 8 tons of food aid to more than 500 families in the company's areas of influence, located in San Andrés, Cartagena, and Buenaventura.
Source: El Colombiano
Date: June 05
Headline: Ecopetrol reactivates 156 fronts
Gradually and with strict biosecurity protocols, Ecopetrol has reactivated 156 work fronts in different locations in Colombia. According to the state-owned company, in these, 2,478 people (45%) carry out their activities remotely and 3,743 (55%) are fulfilling fieldwork.
Source: Vanguardia Liberal
Date: June 05
Headline: The negotiation process advances in El Centro
Ecopetrol, Asojuntas, USO, the Mayor's Office, and the Ombudsman's Office have met twice this week, but no agreement has been reached yet. However, the time for the reactivation of processes may be near. Since last week, when Ecopetrol announced the gradual reactivation of activities in fields in the area, including the Cira Infantas field, located in the El Centro district, labor activity has been abnormal. (…) Since August 2019, the La Cira Infantas Project has generated about 1,600 monthly hires, on average, with peaks of more than 2,000 people before the COVID-19 crisis and low oil prices. During that period, unskilled labor was 100% from Barrancabermeja and regarding skilled labor, 74% was from Barrancabermeja and 26% from other cities.”.
Source: La Opinión
Date: June 05
Headline: Protests over the increase in residential gas prices
Due to what they consider an abuse in the excessive charging of residential gas rates, service users protested peacefully and demanded that the economy of the Pamplona communities not be further harmed. With receipts in hand, banners, and chants, groups of users gathered at various points in the city where they walked to the offices of Gases del Oriente, the main park, and the Mayor's Office, shouting that they should stop trampling on the people. (…) Also, according to the official, it affected the situation in Pamplona that gas is purchased from Ecopetrol and paid for in dollars, which in April was above $ 4,000, the representative market rate.
Source: El Universal
Date: June 05
Headline: Donations
The Ecopetrol Group, together with Arturo Calle and Bio Bolsa, will donate 147,000 protective suits for doctors and other health personnel to contribute to the fight against COVID-19. The suits will be made by the Arturo Calle Business Group with supplies provided by Bio Bolsa and Esenttia.
Source: El Universal
Date: June 05
Headline: Colombian companies manufacture suits for doctors
Colombian companies Ecopetrol, Arturo Calle, and Bio Bolsa joined forces to manufacture 147,000 medical clothing kits for the Red Cross and local authorities to distribute among health personnel dealing with the coronavirus pandemic in the country. This was reported by the Colombian oil company Ecopetrol, which partnered with Bio Bolsa and the Arturo Calle Business Group to make the initiative a reality that will benefit health workers, who are the most exposed to contracting the disease.
Topics
Source: La República
Date: June 05
Headline: Day of uncertainty in the oil market
The oil market continues to await the decision on the future of crude production cuts by OPEC+ for the coming months. Despite the uncertainty generated around discussions among cartel countries, Brent and WTI prices closed higher yesterday. According to information published by Reuters at market close around 3:00 p.m., Brent ended the session with a rise of 0.5%, placing it at US$39.94 per barrel, while WTI rose 0.38% to US$37.31. (…) Regarding this, Carlos Alberto Leal Niño, president of JD Acipet, said that “the price of oil will continue to be marked by volatility, but it is expected to improve as the world moves towards normality, and demand conditions stabilize around 100 million barrels per day.”.
Source: La Opinión
Date: June 05
Headline: Accused of belonging to the Eln
The four individuals captured by Army soldiers last Sunday during a meeting of two commissions of the Efraín Pabón Pabón front of the Eln, in the Río Colorado village of Chitagá, were presented to the media. (…) “These individuals are attributed with extortion collection and affecting the Caño Limón - Coveñas pipeline,” said General Olveiro Pérez Mahecha of the Army's Vulcano Task Force. Among the other arrested are Joan Andrés Buitrago Sierra, el Boyaco, alleged in charge of communications for alias Marcial, with 10 years in the structure; Diana Paola Acevedo, Yeimi, who also coordinated communications for Quintero Gaona, who had been in the ranks for six years; and finally, Alarvo Ganchoa Ganchoa, Óscar, belonging to Marcial's security scheme.
Source: dataifx.com
Date: June 05
Headline: Awaiting decisions on production cuts, oil barely registers changes
This Thursday, the prices of the so-called black gold recorded slight gains, on a day of little movement in which investors awaited a decision from the main crude exporters on the possibility of extending record production cuts. The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+, are debating when to hold ministerial talks to discuss a possible extension of the cuts they are already applying. Saudi Arabia and Russia want to extend the cuts of 9.7 million barrels per day (bpd), which the main producers agreed upon in April, but a suggestion from the OPEC president for a meeting on Thursday did not take place due to a debate over the poor compliance of some producers.
Institutional
Source: caracol.com.co
Date: June 05
Headline: Warning of possible fuel shortages due to station crisis
A possible fuel shortage could arise in the country due to the economic problems that retail distributors are facing, who have run out of cash to purchase gasoline and ACPM, revealed the president of Fendipetróleo, Jairo Gómez. (…) “All of this points to a possible widespread fuel shortage, a scenario that is already materializing at some points of sale. We make this situation public because we believe that the Ministry of Mines and Energy could have avoided it if they had addressed the solutions proposed by this sector in a timely manner, solutions that would guarantee the fiscal sustainability and financial sufficiency of the sector,” concluded the union leader.
Source: dataifx.com
Date: June 05
Headline: Colombia could face fuel shortages due to the crisis of service stations
The National Federation of Fuel and Energy Distributors (Fendipetróleo) revealed that during the isolation period, fuel sales have decreased by around 80%. According to the union, in just the month of April, the estimated losses for the retail fuel distribution sector amount to more than $1.8 trillion pesos, of which $370 billion corresponded to tax revenues for the Nation. (…) In this context, the union has been demanding that this retail margin determined by the Ministry of Mines and Energy be non-negotiable and that it recognizes the average costs of operation, administration, and maintenance of a service station.
Colombian Association of Oil and Gas