ACP as a source of information
Source: Portafolio – National
Date: September 11
Headline: The ACP presents equity study
The Colombian Petroleum Association (ACP) presented the economic report on equity, which for the first time analyzes the participation of women in the country's oil sector and makes recommendations.
Source: prensalibrecasanare.com – Regional
Date: September 11
Headline: Of every four employees in the oil sector in the country, one is a woman
The Colombian Petroleum Association (ACP) presented the economic report ‘Challenges and opportunities for promoting gender equity in the hydrocarbons sector in Colombia’, which for the first time analyzes the participation of women in the sector during the years 2018 and 2019, and presents recommendations on actions that should be promoted to close gender gaps in the industry. The study shows that, of every four employees in the sector in the country, one is a woman, a participation comparable to the international average. It also reflects that female representation in the downstream (segment of liquid fuel and lubricant distribution) is 10 points higher than that recorded in exploration, production, transportation, and refining activities of oil and gas.
Source: eltiempo.com – National
Date: September 10
Headline: By the end of 2021, tasks for ‘fracking’ pilots would begin’
The path to starting fracking pilots in the country will be long and winding. The reason is that only by the end of 2021 would its environmental license be approved, which would indicate that drilling work would begin at that time. (…) “The speed of developing fracking pilots will largely depend on how quickly the Ministry of Environment issues the environmental regulations,” highlighted a spokesperson for Ecopetrol, (…) “Law 1530 grants a discount on the payment of royalties from YNC production, and this benefit and incentive was contemplated in article 210 of the SGR regulation project, but now without that incentive, the oil companies that were seriously considering developing fracking pilots must be analyzing the impact of the change in the rules of the game,” said Francisco José Lloreda, president of the Colombian Petroleum Association (ACP).
Source: dinero.com – National
Date: September 10
Headline: Women are more likely to resign in the oil sector
A gender study by the Colombian Petroleum Association (ACP) showed that women are more likely to resign from their jobs in the oil and fuel sector and, in addition, are less hired. According to the ACP study, in the country's fuel and oil sector, the gender gap behaves similarly to the trend in the industry worldwide. Indeed, while, according to McKinsey, in the United States, management positions in the so-called “heavy industry” have a female participation of only 18.1%, in Colombia that percentage is 20.1% in the sector, according to the ACP. (…) In addition, the ACP highlighted that part of this situation is due to women being more likely than men to resign in their early years of training to advance to management positions in sector companies.
Source: lafm.com.co – National
Date: September 10
Headline: Women occupy 28.1% of jobs in the hydrocarbons sector
The Colombian Petroleum Association (ACP) presented the economic report ‘Challenges and opportunities for promoting gender equity in the hydrocarbons sector in Colombia’, which analyzes the participation of women in the sector during the years 2018 and 2019. The study shows that, of every four employees in the sector in the country, one is a woman; since out of the total employees, 72.1% are men and 28.1% are female staff. (…) “A possible explanation could be that marketing activities tend to require a greater number of administrative profiles, roles in which there is greater female participation than in operational profiles,” says Alexandra Hernández, vice president of Economic and Regulatory Affairs of the ACP.
Source: prensarural.org – Regional
Date: September 10
Headline: The clowns of fracking
These days it is celebrated that the monkey of royalties has fallen, but it is very naive to say that fracking has been reversed in Colombia; let us remember that the Council of State in its ruling, in which it makes a provisional suspension, clarified that this does not prevent research pilots of the technique. In recent days, the representative to the chamber of Santander for the Centro Democrático, Edwin Ballesteros, boasted and posing as an economist spoke of the need to create jobs for the department, he said it with populism while voting for a monkey that favored tax-wise the start of pilot tests of fracking. (…) The milkmaid's accounts that Ballesteros and his pro-fracking Combo make are based on the propaganda documents of the Colombian Petroleum Association, the guild that brings together about 60 large contractors in the sector. Their postulates and decisions are not based on real research of the implications that the development of this technology will have in all aspects in our territory. (…) If we give it the focus of the corrupt and the mega contractors of Oil, then the accounts do add up… but for them! The magicians are behind the 3 trillion pesos annually that would go for royalties, and for the oil contractors the not insignificant sum of 500 million dollars of investment that will come out of ECOPETROL during 2021.
Source: buenaventuraenlinea.com – National
Date: September 10
Headline: Fracking: tasks for fracking pilots would start by the end of 2021 – Sectors – Economy
The path to starting fracking pilots in the country will be long and winding. The reason is that only by the end of 2021 would its environmental license be approved, which would indicate that drilling work would begin at that time. (…) “The speed of developing fracking pilots will largely depend on how quickly the Ministry of Environment issues the environmental regulations,” highlighted a spokesperson for Ecopetrol, (…) “Law 1530 grants a discount on the payment of royalties from YNC production, and this benefit and incentive was contemplated in article 210 of the SGR regulation project, but now without that incentive, the oil companies that were seriously considering developing fracking pilots must be analyzing the impact of the change in the rules of the game,” said Francisco José Lloreda, president of the Colombian Petroleum Association (ACP).
GREMIO
Source: El Tiempo
Date: September 11
Headline: Concern in Barrancabermeja due to lack of specialists in ICUs
In Barrancabermeja, Santander, the authorities expanded the capacity of the intensive care units due to the covid-19 pandemic; however, in the clinics, there is not enough trained personnel to make the best use of these medical equipment. Currently, there are 73 ICU beds operating in Barrancabermeja, and in the coming days, 20 more ventilators will arrive so that the ‘oil port’ exceeds 90 Intensive Care Units. Six of those new beds are being installed in the polyclinic that belongs to Ecopetrol and in which they attend to patients who work in the oil company and their families.
Source: La República
Date: September 11
Headline: Issuer will give more than Ecopetrol
Amid low oil prices, 2020 could become the first year in which the Bank of the Republic leaves more money in the Nation's coffers than what Ecopetrol delivers. According to an analysis by Felipe Campos, director of Research at Alianza Valores, the Issuer could leave profits of $7.4 trillion, below the $5 trillion that the state oil company would leave.
Source: La República
Date: September 11
Headline: Budget discussion starts with $314 trillion
With the approval of $313.9 billion as the amount of the General Budget of the Nation for 2021 by the joint economic commissions of the Senate and House of Representatives, the project will begin its debate next week. (…) Carrasquilla added that there will also be $8.4 billion in financial surpluses, represented in the dividends produced by the companies in which the Nation has participation, such as Ecopetrol. “Dividends decrease due to the 2020 crisis and would go from $11.4 billion this year to $8.4 billion in 2021, including the participations of different entities and the profits of the Bank of the Republic,” he added.
Source: La República
Date: September 11
Headline: BVC gained 9,795 shareholders in the first half of 2020.
In the last eight years, the exit of investors from the local stock market has been a constant. However, in the first half of this year, the trend changed and 9,795 new shareholders arrived, so June closed with 523,459, 1.9% more than the number of investors at the end of 2019. (…) At the close of trading, only three species had a positive performance. These were Promigas (0.83%), Celsia (0.22%), and Grupo Energía Bogotá (0.20%). In contrast, the stocks that lost the most were Ecopetrol (-3.12%), Terpel (-3.07%), and the preferred shares of Bancolombia (-2.85%).
Source: El Nuevo Siglo
Date: September 11
Headline: Requirements to prevent environmental impacts.
Update of the specific contingency plan for the attention of emergencies due to naphthalene, a copy of the digital file of the lines of this solid in the Chichimene field, and the implementation of mechanical barriers every 500 meters along the San Francisco stream, are some of the main requirements from Cormacarena to Ecopetrol, given the recorded situation. According to Andrés Felipe García, director of the Corporation, who went to the site with his work team, it is necessary for Ecopetrol to strengthen the waste collection mechanisms to prevent them from circulating through the bed of the San Francisco stream.
Source: El Nuevo Día
Date: September 11
Headline: Carlos Mauricio Charry López, the best rural graduate of Tolima.
The Ecopetrol graduates program is celebrating 34 years of existence, and it stands out because it has benefited 1,554 young people to develop their higher education studies. This initiative, which has the support of the Ministry of Education, aims to help close gaps in education and infrastructure, promote school retention, and facilitate access to education.
Source: La Nación
Date: September 11
Headline: De Rivera is the graduate from Huila awarded a scholarship by Ecopetrol.
Ecopetrol awarded the ‘Ecopetrol Graduates Mario Galán Gómez’ scholarship to 43 students from the 32 departments of the country to pursue their university or higher studies. (…) “This is a dream come true; I am glad that Ecopetrol supports me to study for a university degree. This reflects perseverance and discipline, but without a doubt, the greatest merit is for God, who has given me intelligence and serenity and individual effort to achieve my goals,” he proudly stated.
Source: El Frente
Date: September 11
Headline: President Duque untangles the contracting of the Malecón del Puerto.
The consulting work for the designs of the Malecón District project has already been awarded for a value of $2.000 million pesos. The land management of the project is progressing with a total investment of $5.700 million pesos. All this was achieved as a result of joint work between the Mayor's Office of Barrancabermeja, the Presidential Advisory for the Regions, the Ministry of Environment, Ecopetrol, Cormagdalena, and iNNPulsa, thanks to which progress has been made to strengthen tourism and economic reactivation in the region based on the Malecón District project.
Source: vanguardia.com
Date: September 11
Headline: For more than a decade, Ecopetrol has been preparing to develop pilots for YNC.
It will be a scientific exercise facing the country to learn more about Unconventional Reservoirs (YNC), deepen the knowledge of the subsoil and the environment, and make an informed decision based on science, says the company. With a top-level human team, Ecopetrol is preparing to advance in the Comprehensive Research Pilot Projects of Unconventional Reservoirs (PPII) that would be executed in the Magdalena Medio region, according to the guidelines of Decree 328 of 2020, the regulatory framework for this experimental test. (…) And thanks to an alliance with OXY (Occidental in Colombia) sealed in 2019, the company is already developing unconventional reservoirs in the Permian in the state of Texas (United States), one of the areas with the greatest potential in the world for YNC, where around 18 thousand barrels per day are already being produced, without any incidents. The agreement also includes the transfer of technology and knowledge in the development of this type of reservoir.
Source: meridiano70.co
Date: September 11
Headline: New ventilators arrived at the San Vicente Hospital of Arauca and Sarare.
The health sector in the department of Arauca benefited from the delivery of 17 ventilators provided by the Ministry of Health and Social Protection and the automated nucleic acid extraction equipment donated to the Border Public Health laboratory of Arauca by the oil company Occidental de Colombia for the analysis of covid-19 tests; in addition, the Great Donation was held to raise funds and supplies for the San Vicente Hospital. Thanks to donations from both the national level and the multinational, there are now 61 ventilators available in the department of Arauca. (…) “A series of efforts were made to strengthen the Border Health Laboratory and the unconditional support of Occidental and Ecopetrol. This changes the history of sample processing, and we will go from 60 samples processed per day to 200, and if necessary, 300 samples per day,” said Édgar Contreras, director of the UAES.
Source: delarealidad.com
Date: September 11
Headline: The first debate on the General Budget of the Nation was held.
The Economic commissions of the Congress of the Republic approved the amount of Bill No. 185 /2020 Senate – 296/2020 Chamber. The amount is $314 billion. Through the regulation, the Budget of Revenues and Capital Resources and the Appropriations Law for the fiscal year from January 1 to December 31, 2021, is decreed for $314 billion, compared to $271.7 billion for this year. (…) Among the congressmen, there were expectations about the assets that the Government could sell in 2021 (alleged sale of Ecopetrol, Cenit, others) and the Minister of Finance Alberto Carrasquilla reassured them by saying that for this year's budget, $7 billion had been allocated for asset disposal and nothing was done.
Topics
Source: La República
Date: September 11
Headline: The dollar weakened against emerging currencies and closed at $3.709,10.
At the close of Thursday, the dollar reached an average price of $3.700,57, which represented a drop of $16,68 against the representative market rate (TRM), which was set today at $3.717,25. (…) The U.S. Energy Information Administration (EIA) said that crude inventories in the country grew by two million barrels last week, while the American Petroleum Institute (API) reported that crude stocks increased by three million barrels in the week ending September 4. The Brent barrel fell 1.8%, to US$40,06 per barrel, while WTI dropped 2.0%, to US$37,30 per barrel.
Source: La FM Radio
Date: September 10
Source: Javeriana Estéreo
Date: September 10
Headline: Front Page: Expectations due to the low demand for oil prices
Source: Radio Red
Date: September 10
Source: RCN TV
Date: September 10
Institutions
Source: La República
Date: September 11
Headline: The reform to the royalties system was approved
After defining the final text that reached reconciliation, the Congress of the Republic officially approved the regulation of the General System of Royalties, through which municipalities and departments of the country will have more than $15.7 trillion available for direct social investment, in the period 2020-2021. According to the Ministry of Mines and Energy, this total includes $4 trillion in direct allocations for producing regions, $2 trillion that municipalities with the greatest unmet basic needs will receive, and $5.4 trillion in uncommitted balances from previous years in which investments in tertiary roads, rural electrification, the agricultural sector, connectivity, and drinking water will be prioritized.
Source: Portafolio
Date: September 11
Headline: Mining and oil will double royalties
With the reform to the General System of Royalties (SGR), direct allocations for mining and oil municipalities will double, as they will increase from $2 trillion to $4 trillion in the biennium 2020-2021. Thus, it is expected that these resources from the production of minerals and hydrocarbons will help boost the economic reactivation of the regions of the country. (…) “With the reform, the regions will have a historic figure of royalties for social investment, with greater autonomy, in their territories. There will be more resources for municipalities and departments producing minerals and hydrocarbons, and for the first time, royalties will be allocated for environmental protection with 5% for the conservation of strategic areas and the fight against deforestation,” said the Minister of Mines and Energy, Diego Mesa.
Source: El Colombiano
Date: September 11
Headline: Prices of ACPM and gasoline, no adjustment in Medellín
The Ministry of Mines and Energy presented a bulletin with fuel costs for the 13 main cities of the country, leaving an average of $7.972 for gasoline and $$8.036 for diesel. In Medellín, the gallon of gasoline remained at $8.223, and the ACPM stayed at $8.246.
Source: Diario del Sur
Date: September 10
Headline: Congressional committees buried fracking
The controversial article 210 of the Royalty Law that opened the door to the practice of fracking in Colombia was sunk by the reconciliation committees of the House and Senate. The plenary of the Senate had rejected the article by 44 votes, but since the House had approved it, it had to go to reconciliation and there it sank. (…) Although article 210 of the royalty law did not prosper, the Council of State is preparing to rule on the legalization of the practice of fracking in Colombia. The Minister of Mines and Energy, Diego Mesa, clarified, however, that with the reform to the Royalties, President Iván Duque is fulfilling and the regions are benefiting.
Source: Q Hubo Medellín
Date: September 10
Headline: Warning of danger in Barrancabermeja
An audit published yesterday by the Comptroller's Office, following calls from the CAR of Santander, revealed that the Barrancabermeja refinery has serious failures in oil spills, which affect the Magdalena River and the El Rosario stream. The entity's call is to correct these failures, as there were 27 emergencies last year that caused significant pollution in the surroundings of the refinery.
Source: Radio Red
Date: September 10
Source: CM&
Date: September 10
Source: elespectador.com
Date: September 10
Headline: Project to reform the General System of Royalties approved
The project that regulates the Reform of the General System of Royalties, approved in reconciliation by the Congress of the Republic, allows municipalities and departments of the country to have more than $15.7 trillion available for direct social investment during the biannual period. (…) “With this reform, municipalities and departments will have a historic figure of royalties for social investment, with greater autonomy, in their territories: more than $15.7 trillion pesos, the highest amount in recent years allocated to works for closing gaps and sustainable reactivation in the regions. There will be more resources for mineral and hydrocarbon producing regions, for the poorest municipalities; and for the first time, royalties will be allocated for environmental protection with 5% for the conservation of strategic areas and the fight against deforestation,” said Diego Mesa, Minister of Mines and Energy in a statement.
Source: rcnradio.com
Date: September 10
Headline: Gasoline price remains stable in September
The Ministry of Mines and Energy reported that fuel prices across the national territory will remain stable during the ninth month of the year, given the slight variations in oil prices in international markets. Thus, the price of a gallon of gasoline will remain at 7,972 pesos and that of diesel at 8,036 pesos, on average, in the 13 main cities of the country, in the month of September. (…) According to the Ministry of Mines and Energy, so far this year, the price of gasoline has decreased by 1,271 pesos per gallon and the cost of diesel has decreased by 836 pesos, on average in the thirteen main cities of the country.
Source: dataifx.com
Date: September 10
The resources from royalties derived from the production of minerals and hydrocarbons will boost the economic reactivation of the regions. With the law regulating the Reform to the General System of Royalties, approved by the Congress of the Republic, municipalities and departments in the country will have more than $15.7 billion pesos available for direct social investment, in the period 2020-2021. (…) There will be more resources for the regions producing minerals and hydrocarbons, for the poorest municipalities; and for the first time, royalties will be allocated for environmental protection with 5% for the conservation of strategic areas and the fight against deforestation,” highlighted the Minister of Mines and Energy, Diego Mesa.
Source: dataifx.com
Date: September 10
Headline: In September, gasoline and diesel prices will remain stable throughout the country
The Ministry of Mines and Energy announced that the price of a gallon of gasoline will remain at $7,972 and that of diesel at $8,036, on average, in the 13 main cities of the country.
Source: radionacional.co
Date: September 10
Headline: The Comptroller's Office revealed the environmental impact of Ecopetrol at the Barrancabermeja refinery
The General Comptroller of the Nation reported serious environmental damage from the Ecopetrol refinery in Barrancabermeja, due to 27 oil spills in 2020 and poor management of chemical waste. (…) According to the environmental leader, the collective found “366 contingency events at the La Lizama station, between Barrancabermeja and San Vicente de Chucurí, La Cira Infantas in Barrancabermeja and La Rompida in Yondó. There are 366 oil spills and gas leaks.” The control entity announced that it will initiate disciplinary investigations against Ecopetrol and will request explanations from Anla regarding what happened, as the oil spills and waste discharges affected the San Silvestre and Miramar swamp, the El Rosario creek, and the Magdalena and Sogamoso rivers.
Colombian Association of Oil and Gas