ACP as a source of information
Source: RCN TV – National
Date: October 06
GREMIO
Source: La República
Date: October 07
Headline: Ecopetrol's stock has lost almost half of its price this year.
Although for a few months the different sectors of the economy have been reactivating and since September the mandatory isolation has become preventive, by the end of the third quarter of the year the Colcap index did not exceed the value with which it started the year (1,662.42 units). (…) Of the 25 stocks that are part of the Colcap basket as of September, the preferred and ordinary shares of Bancolombia, and the shares of Ecopetrol are the ones that have recorded the largest losses in their price. (…) “The expectation around Ecopetrol is on its upcoming financial results, as it is believed that the worst results of the company are already behind,” said Torres, who added that the stock could be an alternative for those looking for a long-term investment.
Source: Vanguardia Liberal
Date: October 07
Headline: Our MMS: Development pole of Santander… By: Alberto Montoya Puyana
“Very positive and exemplary the conjunction of forces in favor of Barranca: Mayor's Office, Council, Ecopetrol, and the private sector. I wish other mayors would imitate it.” On September 25, by kind invitation from Rafael Marín, I accompanied a group of entrepreneurs linked to Prosantander to visit the most important projects being carried out in the Magdalena Medio Santandereano (MMS). (…) Finally, at the Miramar Club, we listened to the mayor of Barrancabermeja, Dr. Alfonso Eljach, who presented his motivating Development Plan and to engineer Carlos Guillermo García, manager of the Refinery, who presented the substantial investments that Ecopetrol is making to modernize the Refinery. Very positive and exemplary the conjunction of forces in favor of Barranca: Mayor's Office, Council, Ecopetrol, and the private sector. I wish other mayors would imitate it.
Source: El Frente
Date: October 07
Headline: Dialogue tables in the El Centro district
Community leaders from the El Centro district and Ecopetrol accompanied to finalize and follow up on the different investments being executed and those projected to improve the quality of life of its inhabitants. The commitment of Mayor Alfonso Eljach and his government team continues in the El Centro district of Barrancabermeja, Santander, where the mayor led a new call for dialogue tables, which are held alongside the community and Ecopetrol and in which vital issues for the development of that rural area such as health, education, employment, and the environment are worked on. (…) The head of Environment of the Central Regional of Ecopetrol, Julia Celina Angulo, expressed that “the articulation is very important and that the actions that the Cira infantas project carries out are in line with the district development plan is a great opportunity, we celebrate it and we will align with the agreements made here.”.
Source: suversion.com.co
Date: October 07
Headline: Ocensa and the Colombian Red Cross will strengthen the hospital network in Casanare
In order to strengthen the health system through actions that increase the response capacity for the care of the population in the face of the pandemic caused by COVID-19, Ocensa signed an agreement with the Colombian Red Cross for the strengthening of Health Service Providers of complexity levels 1, 2, and 3 in the departments of Sucre, Córdoba, Antioquia, Santander, Boyacá, and Casanare. (…) This contribution is in addition to the delivery of humanitarian and medical aid that the Ecopetrol Group and the transportation sector companies, led by Cenit, have carried out in different municipalities of their areas of influence in the framework of the emergency occurring in the country.
Topics
Source: La República
Date: October 07
Headline: The dollar closed at $3.833 despite greater risk aversion.
On Tuesday, the dollar reached an average price of $3,826.85, which represented a drop of $16.9 against the Representative Market Rate (TRM), which was located yesterday at $3,843.75. (…) Oil prices rose more than 3% due to interruptions in U.S. platforms in the Gulf of Mexico ahead of a hurricane and a strike by industry workers in Norway. The barrel of WTI increased by 3.7% to US$40.67, and Brent rose by 3.29% to US$42.65.
Source: Vanguardia Liberal
Date: October 07
Headline: In the first half, exports from Santander grew by 10.5%.
Santander continues to gain ground in international markets for non-mining energy products and services. In the first half, 229 companies from the department bet on the internationalization of their businesses. This commercial relationship led to sales of US$314 million, of which oil and its derivatives represented 53.3% and the others 46.7%.
Source: Vanguardia Liberal
Date: October 07
Headline: The El Centro community shows optimism in dialogue tables.
A new meeting of the working tables between the Mayor's Office and the community of the El Centro district took place, and the trust that projects that seemed unattainable will materialize seems to be the common denominator. At least that is how community leaders expressed it, who warn that the work has allowed them to understand the problems and their true solutions. “We have matured quite a bit, and participation is now done with a very broad knowledge of what public spending and public management are, which means that projects aimed at solving long-standing problems are being realized. We hope that this agreement with the Cira Infantas project and other instances like the Governor's Office can give us the best results,” said Luis Francisco Guarín.
Institutions
Source: Portafolio
Date: October 07
Headline: ‘Our gas pipeline will be efficient both in cost and in rates.’
For the country's gas sector, the installation of the Jobo – Medellín gas pipeline to transport natural gas from the hydrocarbon fields in southern Córdoba to the capital of Antioquia, and from there to the center of the national territory, was taken for granted. But another project was put on the table, the Jobo – Transmetano pipeline by Promigas, also to bring gas to Medellín. Its president, Eric Flesch, explained in a dialogue with Portafolio why the initiative is not only efficient but also much better in cost-benefit for the end user, and that it will also meet the gas demand in the interior of the country. (…) The gas reserves from the Ballena, Cusiana, and Cupiagua fields are in decline. And all future remnants of the fuel are located in a strip that goes from Córdoba to Cesar. (…) The route already has the approval of Anla in the Environmental Diagnosis of Alternative.
Source: El Nuevo Siglo
Date: October 07
Headline: One-year delays in gas subsidies: Comptroller's Office.
The Comptroller General of the Republic established that the resources to address subsidies for the public gas service to strata 1 and 2 are insufficient and are being canceled with delays of more than a year. According to a study by the entity, the insufficient or incomplete allocation in the General Budget of the Nation of the requested resources to cover the item of Natural Gas and LPG subsidies leads the Ministry of Mines and Energy to postpone its payments from one year to another, affecting the companies that provide the service.
Source: El Nuevo Día
Date: October 07
Headline: Parex has not yet processed the environmental license.
Through a right of petition, the National Authority of Environmental Licenses, Anla, confirmed that so far the multinational oil company Parex Resources Colombia Ltda has not initiated the process for environmental permits or licenses to explore the oil block of Valle Superior del Magdalena VSM25, that is, the mining title located in the center of Tolima. The inquiry was made by Luis Fernando Popayán Alvarado, representative of the Environmental NGOs, before the Board of Directors of Cortolima, with the aim of knowing the status of said block considering that the oil company has been present in Piedras for several months. (…) The Counselor indicated that the response provides a sense of calm but does not mean that one should not remain vigilant, “let's remember that the National Hydrocarbons Agency awarded two blocks, one in the Llanos region and another here in Tolima, they (the company) take for granted that this will already be carried out, that is the great threat, at any moment they will request those permits for exploratory study.”.
Colombian Association of Oil and Gas