ACP as a source of information
Source: Caracol Radio – National
Date: September 08
Source: caracol.com.co – National
Date: September 08
Headline: “Fracking has not fallen in Colombia”: ACP
Francisco José Lloreda, president of the Colombian Petroleum Association, says that what has fallen is the discount on royalties. The spokesperson for the oil guild said on 6AM Hoy Por Hoy that the withdrawal of Article 210 from the reform of the General Royalty System, which removed benefits in royalties from unconventional deposits; this does not mean that fracking has fallen, because the pilot plans are still in effect and are being analyzed by the Council of State. (…) The president of the Colombian Petroleum Association (ACP) says that fracking plans have existed for 10 years, and the technical regulation related to commercial purposes is currently suspended by precautionary measures in the Council of State.
Source: Radio Red – Regional
Date: September 07
Source: Radio Red – Regional
Date: September 07
Source: Radio Red – Regional
Date: September 07
Source: Radio Red – Regional
Date: September 07
Source: lahoradelaverdad.com.co – Regional
Date: September 07
Making news on La Hora de la Verdad, Francisco José Lloreda, president of the Colombian Petroleum Association, spoke about what the Escazú Agreement implies for the oil industry. Lloreda stated that although oil prices are recovering, production in Colombia remains very low, at around 730,000 barrels. He affirmed that they are very concerned, not only in the oil industry but also in various economic activities in the country due to the very likely approval of the Escazú Agreement. “Escazú has two purposes that may seem commendable, but its provisions are an arsenal of instruments of the greatest danger for the development of Colombia,” Lloreda assured. He emphasized that in his view, the Escazú Agreement could lead to a paralysis of individual or business productive activities. “This would equally affect both a small or medium-sized company and a farmer wanting to develop an agricultural activity.”.
GREMIO
Source: La República
Date: September 08
Headline: Buying and selling of shares moved $2.03 trillion.
In August, in general, equity markets worldwide recorded a mostly positive performance. The Colombian market was no exception, and the Colcap was one of the stock indices that appreciated the most that month, with a return from stock performance of 7.2%. It was only surpassed by the Nasdaq (9.6%) and the Dow Jones (7.6%) from the United States. (…) The equity assets that attracted the most purchases from managers were the ETF IColcap, the preferred share of Bancolombia, and the share of Ecopetrol, in which they bought $138.013 million, $88.252 million, and $44.974 million, respectively. (…) The shares that foreigners sold the most in August were the preferred share of Bancolombia ($132.270 million), Ecopetrol ($45.853 million), and the preferred share of Davivienda ($40.342 million).
Source: Portafolio
Date: September 08
Headline: Wings for Avianca. By: Sergio Calderón Acevedo.
In rescuing Avianca, there are plenty of ignorant and passionate Twitter users, but there is a lack of investment bankers with initiative and creativity. It is not worth discussing the former. Let's leave them in their narcissistic monologues. (…) Moreover, it is the largest importer in the entire Colombian economy, more than Ecopetrol, Colmotores, Sofasa, and Samsung, to mention the obvious. It brings and takes hundreds of thousands of foreign tourists, the second line of exports of the country. It consumes inputs from thousands of companies, pays taxes, and moves Colombia. Additionally, cargo, customs, and travel agencies depend on it. Its liquidation is a macroeconomic problem, what the Americans call too big to fail.
Source: Vanguardia Liberal
Date: September 08
Headline: Footnotes on “corporate governance.” By: Eduardo Muñoz Serpa.
The economic development model that has been imposed on the country in recent decades has grafted institutions and legal-business figures from other latitudes into our environment that have been forcibly and quietly integrated, that is, quickly and silently, without noise, before anyone protests. And the consequences have been disastrous. (…) “Corporate governance” does not fully fit into our legal culture, but it is the trend. And as in EPM, the “CEO,” the “board,” and the members of “corporate governance” have civil and commercial responsibility regarding the blunders made by “corporate governance,” which already occurred in Reficar and Bioenergy (of the Ecopetrol business group). And in all cases, everyone seeks to wash their hands.
Source: RCN Radio.
Date: September 08
Headline: Anif requested to consider the sale of Ecopetrol, Cenit, and Coltel to finance next year's budget.
Source: pacocol.org
Date: September 08
Headline: Rejection and indignation against the mafioso and terrorist regime of Duque
The actions of the national government reiterate and deepen the damage against the most disadvantaged people, against workers, against justice, democracy, and peace. The latest attacks from Duque's government are materialized in the issuance of Decree 1174, which is a reform against the minimum wage and against the right to pension, massacres and terrorism unleashed against various populations in Antioquia, Cauca, Nariño, Santanderes, and Valle continue with total impunity. (…) 6. Support for the protest days at oil production points and the Chain in the Plaza de la Resistencia – Machín in Bogotá by the USO against labor massacre, the defense of Ecopetrol, and in rejection of the sale of CENIT; as well as the defense of the Páramo de Santurbán in the departments of Santanderes.
Source: El Meridiano de Córdoba
Date: September 07
Headline: Contingency plan for oil spill
Ecopetrol activated a contingency plan in the Caño Limón Coveñas Pipeline after the illegal installation of a valve for fuel extraction was reported. The installation caused an oil spill over the vegetation layer in the Caño Victoria village of the municipality of Tibú, Norte de Santander. The company Cenit, a subsidiary of Ecopetrol, which leads logistical plans for hydrocarbons, sent a crew of technical personnel and contingency response to address the oil spill that affected several meters of vegetation layer and bodies of water.
Source: Radio Nacional de Colombia
Date: September 07
Source: Radio Nacional de Colombia
Date: September 07
Topics
Source: La República
Date: September 08
Headline: The dollar remained stable above $3,700, in next day operations
On Monday, the dollar reached an average price of $3,714.26, which represented an increase of $11.64 against the representative market rate (TRM), which was at $3,702.62. The dollar operated in next day due to the Labor Day holiday in the United States. (…) On the side of crude prices, at 12:59 p.m., the WTI barrel lost 1.76%, down to US$39.07, while Brent fell 1.52%, down to US$42.01. The decrease occurred after Saudi Arabia made the deepest monthly price cuts in five months for its shipments to Asia, amid uncertainty about the recovery of crude demand from China.
Source: El Heraldo
Date: September 08
Headline: B/bermeja- Pto. Salgar? By Nicolás Renowitzky
Very likely, there will be few people from Barranquilla who are aware of what the so-called APP del Río is about, but if we are aware of anything, it is the importance of the Magdalena River in the development of our city since its foundation, especially now with the new boardwalk that showed us all that besides being caribes, we are a riverside city, and above all its importance for the future. We repeat that we are a port-city almost like a cliché phrase, but I believe we should analyze what that means and what we need to consolidate ourselves as such (…) And not even to Puerto Berrío, in Antioquia, but to Barrancabermeja, Santander, with a length of only 668 km. This stretch is much more convenient for Cartagena than for Barranquilla, because its cargo is more than 95% of oil.
Source: Vanguardia Liberal
Date: September 08
Headline: Congress sank article 210 that would have cleared the way for fracking
The Conciliation Commission archived the controversial article 210 of the Royalty Law, which according to several legislators would clear the way for the exploitation of unconventional deposits, fracking, in the country. According to the representative of the Green Alliance, Fabián Díaz, with the archiving of article 210, the door is closed to the reduction of millionaire economic incentives for the exploitation of unconventional deposits in Colombia. (…) “It is not true that the fracking technique was being approved, we must remind Colombians that in 2019, within the framework of the National Development Plan, the Congress of the Republic authorized the start of pilot projects for comprehensive research on unconventional deposits, article 210 was meant to provide a legal guarantee to the country so that it would not be exposed to lawsuits,” said Edwin Ballesteros.
Source: Caracol Radio
Date: September 07
Source: Javeriana Estéreo
Date: September 07
Source: Caracol TV
Date: September 07
Institutions
Source: El Tiempo
Date: September 08
Headline: Crude advances slowly
According to the National Hydrocarbons Agency, on August 28, oil production was 749,305 barrels per day, 4% more than on July 29. The market has been experiencing ups and downs.
Source: El Colombiano
Date: September 08
Headline: Investments in gas would reactivate the economy
In the current phase of economic reopening, the demand for gas is still below the levels observed before the health emergency, which at the worst moment of isolation saw a drop of 30%. According to data from the Colombian Mercantile Exchange (BMC), in August 2019, the average fuel injected to meet the demand of thermal power plants and the residential, commercial, and industrial sectors was 920 giga BTU per day (GBTUD), and for the last two weeks of the same month this year, it was between 843 and 845 GBTUD, that is, between 8.1% and 8.3% less than a year ago. However, Orlando Cabrales Segovia, president of the Colombian Natural Gas Association (Naturgás), expressed confidence that demand will continue to gradually recover and that it may reach pre-crisis levels soon. (…) In this regard, the Colombian Chamber of Petroleum, Gas, and Energy (Campetrol), chaired by Germán Espinosa, pointed out that the country has enjoyed an abundant, cheap, and reliable supply of natural gas for more than 40 years. (…) Between January and July, gas production in Colombia totaled 1,016 million cubic feet per day, falling 2.41% compared to the same period in 2019, according to the Ministry of Mines.
Source: RCN Radio.
Date: September 07
Source: Radio Red
Date: September 07
Colombian Association of Oil and Gas