Neuquén: Martínez, Gutiérrez and Affronti analyzed the development of Vaca Muerta and the energy sector

“In the next two weeks we will incorporate two drilling rigs and a fracture set in Vaca Muerta, with the interest of showing our commitment to gradually resume activity, always considering the Covid-19 situation and being careful with the health of Workers”Affronti said. In that line, he indicated that “We are going to reach 45 active tower equipment in the Neuquén basin, both conventional and unconventional by the end of March.”

For his part, Governor Gutiérrez said: “I am convinced that energy, like food and education, is the basis for building from public policies, future and future.” And he added that “these are decision times and the most important thing is that there is a team. We are dialoguing, exchanging with the entire industry to value the articulation of public and private investment that contributes to economic and social development ”.

Meanwhile, according to the secretary, “this is the first of several meetings that we are going to hold with YPF” and also stressed that “we are making the mandate of President Alberto Fernández a reality, which is to federalize and that part of the policy decisions energy are taken from the region involved “.

In this sense, the secretary celebrated the presence of the CEO of YPF, along with his entire team, “It is a sample of the federal criteria that we want to promote in the Secretariat.” “Because this federal working mechanism is the new axis when it comes to thinking and making decisions for the energy sector”, added.

In addition, Affronti shared the need to be present in the province: “I totally agree with Darío that as a company YPF has to be present in the place where our oil and gas are produced, that is why one of the first decisions we made was the of split the Upstream vice presidency and locate a vice president in Neuquén with the focus on Vaca Muerta. “

On the other hand, the CEO of YPF highlighted “The capacity for dialogue of Guillermo Pereyra and the union leadership team to reach agreements. Our industry is in a critical situation in the country and in the world, with which we have to look for alternative solutions.”

Among the aspects analyzed, it was stated that the development objectives of the company should aim to produce energy in quantity and quality that require both families and the development of the economy and industry, and strengthen the development of all producing provinces.


The World’s Third Largest Economy Experienced the Worst Growth in History

75th Anniversary of Japan Surrender in World War II. © 2020 AFP / CHARLY TRIBALLEAU – Japan, the world’s third largest economy, reported that the country’s second-quarter economic growth was the worst in history. This is due to the spread of the Covid-19 outbreak which affects the consumption sector.

Reporting from CNN, the Japanese government reported economic growth in the second quarter fell 7.8 percent compared to the previous quarter. On an annual basis, the Japanese economy shrank 27.8 percent.

This decline shows Japan experienced its worst decline since data recording was carried out in 1980 and indicates contraction for three consecutive quarters.

The consumption sector, which accounts for more than half of Japan’s economic growth, slumped 8.2 percent in the second quarter. This is due to the 6-week shutdown of industrial activities during the national emergency period in April and May.

The reduced exports also cut three percent of the contribution to GDP in this quarter due to slowing global trade. Professor from Doshisha Business School, Noriko Hama, hopes that a more comprehensive anticipatory policy will be issued by the government.

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Providing Subsidies

The Japanese government had previously planned to implement subsidies to increase domestic tourism in mid-July shortly after the number of cases affected by COVID-19 began to surge.

During August, cases affected by COVID-19 in Japan touched 19,000 people; which accounts for a third of victims of the total number of COVID-19 cases in Japan.

As of Monday (17/8), cases of the COVID-19 virus in Japan were recorded at 55,426. The Japanese Ministry of Health, Labor and Welfare also confirmed a figure of 1,101 deaths related to the virus.

Some economists also warned that the various aid measures provided by the two economic stimulus packages earlier this year would end in September. This will pose a risk to activists of small to medium enterprises, which are also a large part of the Japanese economy.

Reporter Magang: Theniarti Ailin

(mdk / bim)

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Colombia seeks to triple its gold production – Sectors – Economy

Gold has become the most highly valued asset in the world today. The strong wave of demand for the precious metal shot its price to more than 2,000 dollars an ounce, when only three months ago it was trading at 1,400. The global uncertainty created by covid-19 is one of the reasons for the recovery in the price of the metal.
The Minister of Mines, Diego Mesa Puyo, from Antioquia who graduated from Canada, believes that Colombia also received a “golden opportunity.”

He announces that the goal now is to triple his production. The new minister announces large mining-energy investments and reveals that the time has come to invest instead of saving.

Why was it necessary to reform the General Royalties System?

With the reform of the general system of royalties From 2012, the allocation to producer regions was significantly reduced. This caused growing discontent in these communities. In the legislative act approved by the Congress the allocation to these regions will more than double, from 11 to 25%, maintaining the allocation for non-producers. Additionally, the budget investment for municipalities with the greatest unsatisfied basic needs, which will go from receiving 10.7 to 15%.

Doesn’t this increase in mining and energy investments pose a threat to the environment?

One of the most important modifications is that we include, for the first time, resources for the conservation of strategic environmental areas and the national fight against deforestation.

If the budget for producing regions and the poorest municipalities goes up, for whom does it go down?

It won’t go down for anyone. Taking into account the needs of the country, these greater resources for the producing regions and the poorest municipalities will result from lower operating expenses of the system and from a new mechanism for stabilizing income.

What does it consist of?

Given the investment and infrastructure needs of the regions, we have decided to prioritize investment over savings. That is why the percentage of income saved in the system is reduced. Additionally, the stabilization mechanism makes it possible to have saved resources when the collection of royalties goes down. The formula for applying the current mechanism, which already has more than 10 billion pesos of savingIt is very complex and difficult to activate.
With the reform, we also make the activation more efficient and timely in the moments of less collection.

(You may be interested in: ‘The big bet in hydrocarbons is the offshore basins’)

Given the difficult economic situation, what will be the role of the Ministry of Mines and Energy in the economic reactivation?

The mining-energy sector is emerging as the protagonist of this reactivation, with 33 prioritized projects that add more than 35 billion pesos in investment and 53,000 jobs in the next two years.

But how will it be done?

This reactivation has three axes: accelerating the energy transition with the execution of alternative energy projects, diversifying the basket and capitalizing on the reactivation of the hydrocarbon sector.

What are the projects that would mark this sustainable reactivation?

In this first axis of the energy transition, we advanced in the execution of 14 solar and wind power generation projects that were awarded in the 2019 auctions, totaling more than 8 billion pesos in investment and that will allow us to take a historic leap, going from less than 1 percent of generation from unconventional renewables to more than 12 percent in 2022.

And what is mining diversification?

In mining diversification, we have nine projects that add nearly 17 billion pesos in investment and more than 35,000 jobs.

But for what?

In this region, large-scale metal mineral projects will be prioritized, which are also essential for the energy transition such as oro and copper.

Precisely, the global crisis led investors to redirect their investments towards gold, triggering its price. In gold production and export, how are we?

The figures show that Colombia has a golden opportunity. The price of this mineral hit all-time highs, surpassing the barrier of US $ 2,000 per ounce this week.

At the end of 2019, Colombia’s gold production reached 36.6 tons. Colombia wants to double its gold production by 2030 and exceed 60 tons with the entry of these large projects, through the transformation of the sector. For example, the Buriticá project in Antioquia, which is about to enter into commercial operation, will increase the country’s gold production by more than 20% and will generate about US $ 127 million per year in royalties and taxes.

And in the matter of hydrocarbons?

We have prioritized six offshore projects that have contractual commitments for more than US $ 2 billion in the exploratory stage.

Are the expectations good? Are they easy to extract deposits?

The expectations are very encouraging. Some of the blocks in the basins of the Colombian Caribbean are in ultra-deep waters, and only until the drilling is done will we know the type and volume of hydrocarbons What is there.

But many of the projects are still on the way to obtaining environmental licenses and prior consultations. Will they become a reality in the short or medium term?

We must ensure that these processes are complied with rigorously and promptly in order to ensure reliability in the electric power service. I give you an example: the construction of transmission lines on the Caribbean coast is essential to connect the wind farms that are being built in La Guajira and to support the energy service on the Caribbean coast, where there are more than 10 million users .

(You can also read: At no cost for users, the route to change electricity meters begins)

Is there no longer a danger of power shortages on the Coast?

In May we had a level of reservoirs at historical lows that had not been registered since El Niño of 1991-1992. However, winter arrived late, but decisively, and today we are calm with the current level of the reservoirs, which has already exceeded 60%. The ghost of a possible blackout for this year and next is completely gone.

The ghost of a possible blackout for this year and next is completely gone.

(It may be of your interest: Energy prices will remain stable in the remainder of 2020)

And in the hydrocarbon sector, what new opportunities are there?

After 5 years without signing a single exploration and production contract, in the Government so far we have signed 31 contracts with exploratory commitments for about 10 billion pesos. Of these, 25 are inland areas and 6 more in offshore basins.

Are you saying that during the last 3 years of the previous government not a single exploration project was signed?

Not even a single one.

Ecopetrol’s revenues fell brutally. Under this scenario, how much will the nation’s income and royalty payments affect the regions?

Ecopetrol continued to report profits, albeit lower, which means that it will pay dividends to the nation and represents good news for the country.

In terms of royalties, the biennium ends in December and we managed to collect most of the income that was expected, so the reduction should not be more than 1 5%.

But how can it not be an unprecedented fall from yielding profits of 6.2 trillion pesos to only 158,000 million?

Yes. It is an extremely strong fall, but remember that this is a sector with a long-term horizon that is also characterized by high volatility in the prices of the Petroleum in short periods of time, as happened in 2008, in 2015 and now. However, it is important to note that the company reported profits, unlike other multinationals that reported losses.

What do you think about the approach of selling the nation’s assets, including a percentage of the stake in Ecopetrol and ISA?

This is an issue that falls within the competence of the Ministry of Finance.

Yes of course. But what do you think? Will it be essential to dispose of something from the most important company in the nation?

They are decisions that must be evaluated in a comprehensive manner, given the fiscal circumstances and financial needs of the Nation.

What is the regulation of the ‘fracking’? When are the research pilots going to start?

We are fully accepting the recommendation of the Committee of Experts, which was also expressly authorized by the Council of State. The entire regulatory framework must remain firm this month and the ball will go to the field of the companies, which must make the respective request to the ANH.

What central axes will the regulatory framework have?

It focuses mainly on technical, environmental and social aspects.

Are you a supporter of ‘fracking’ to increase oil and gas production?

I am in favor of making decisions based on technical, environmental and economic foundations, and in the face of citizenship. I am in favor of carrying out pilot research projects, as recommended by the expert commission and as authorized by the State Council. The development of these fields represents an opportunity to end the specter of loss of energy self-sufficiency. But first things first, and this is to implement the recommendations of the commission of experts, and verify that this extraction technique can be carried out in Colombia safely with the environment and communities, as is done in other countries.

I don’t see why, if all nations have done it, starting with the United States, which went from importer to exporter, it can’t be done here …

That is precisely what pilot projects for comprehensive research are for. To clear doubts and make a responsible and informed decision, based on science.

A few days ago, Hidroituango reported a new postponement in the date of its entry into operation. Does this news put the country’s energy supply at risk?

EPM has publicly stated that the first generation unit would enter the first quarter of 2022, and that subsequently one unit would enter each quarter. This schedule does not put the country’s energy supply at risk.

How is the delivery of Electricaribe to the new operators going? Since when will they assume the provision of the service in the region?

The date of delivery of keys to the new operators remains firm for September 30. The connection with Electricaribe is underway. It is only fair that the nightmare for users in the region is over; the structural solution has already been achieved and the change will be gradual. Additionally, we are breaking the cycle of underinvestment. So far as the government has run, the number of works that have come into operation went from 9 to 21, with an investment of 2.7 billion pesos.

There are also many voices that oppose the development of some of these projects, especially in mining. What will happen to the Santurbán project?

Colombian law expressly prohibits the development of mining projects in páramos. The Soto Norte project, as conceived, is not within the vicinity of the páramo. Currently, there are two processes that are ongoing in parallel, but independently. That is in charge of the Environmental Licensing Authority.

Special for THE TIME


In two districts of Primorye, due to rains, an emergency mode was announced :: Society :: RBC

In two municipalities of Primorsky Krai, an emergency mode was introduced due to flooding after prolonged heavy rains. This was reported by the press service of the regional government.

On June 29, due to overflowing from the banks of the rivers, the regime was introduced in the Chuguevsky district. “Due to cyclones and heavy rainfall in the Chuguevsky municipal district, the water level in the rivers exceeded the level of adverse events,” the press service quoted the statement of representatives of the regional ministry of civil defense and emergency situations.

Two days earlier, the emergency mode was introduced in the Kavalerovsky district of Primorye. In both municipalities, operational services protect the public and eliminate the effects of the flood.

In Vladivostok due to incessant rains flooded the streets

The government noted that the most difficult situation was in the village of Novomikhailovka – there formed a lake of groundwater with an area of ​​6 hectares next to the dam and the residential sector. Emergency personnel were not able to divert water through the floodgate, which led to flooding of the adjacent territories and gardens.


Peter Kossen, a priest to defend foreign workers in the meat sector

Peter Kossen is not afraid to criticize the German meat industry. This 52-year-old Catholic priest with an almost shaved head has for years denounced the poor working conditions suffered by workers from Eastern Europe.

With the explosion in the number of Covid-19 cases in several slaughterhouses, his speech became even more audible. Last scandal to date, this week, the fact that more than 1,555 employees of the giant Tönnies have tested positive for coronavirus out of the 7,000 who work in the largest meat factory in Germany, in Gütersloh.

“Criminal and mafia structures”

“The case of Tönnies is far from unique” sums up this Catholic father who officiates in the parish of Lengerich, near Münster. “In the past, butchery trades were well paid. Today, the local workforce is replaced by cheap, Romanian and Bulgarian workers, who are often exploited ”, accuses this priest who created an association to advise migrants.

“We are dealing with criminal and mafia structures”, he advances. “Working 12 hours a day, 6 days a week is illegal in Germany. However, the system of subcontracting to foreign companies, the delegation of responsibilities on the part of German employers and the fact that no one dares to complain makes this system last, “ he ensures by also denouncing the unsanitary conditions of collective housing. “Some people rent a mattress which they take turns. Their health situation was already precarious before the epidemic. They are vulnerable to the new virus “, denounces this prelate.

Quarantine measure on the eve of vacation

For Peter Kossen, the responsibilities are manifold. “Politics is supposed to regulate and control the sector. She failed. Society also has a share of responsibility when it pretends to ignore. Romanians and Bulgarians in the meat sector live in a parallel world ”, he protests.

Local public opinion, however, seems to have raised awareness. With the scandal at Tönnies, the 600,000 inhabitants of the municipalities of Gütersloh and Warendorf were again placed in confinement on June 23. The anger is great, especially since the school holidays begin this Saturday, June 27, and that some Länder have decreed a quarantine, or even a ban, for tourists from these areas.

Faced with the gravity of the situation, the federal government wants to ban subcontracts in the meat sector. “It is a first step, important and necessary but insufficient”, judge Peter Kossen. Some suggest reducing the size of meat cutting and processing factories, others advocate state management of slaughterhouses.

The authorities, they are increasing the number of crisis meetings to prevent these localized outbreaks from generating a second wave of epidemic throughout the country.


a support plan of 15 billion euros for the sector

Hit by the economic crisis due to the coronavirus, the sector called for significant support from the State. This is done : the French government unveiled on 8 June a comprehensive plan for the aeronautics industry representative “a total effort of 15 billion euros of the nation “, of which 1.5 billion is spent on research to “an aircraft carbon neutral “ in 2035.

“We decree the state of emergency to save our aviation industry to allow it to be more competitive”. and “more carbon “ in producing the“green aircraft “ tomorrow, said the minister of economy, Bruno Le Maire, during a press conference at Bercy.

→ TO READ. The aviation sector is adventure in the sky unknown

Approximately € 1.5 billion of public funding will be spent in the next three years for research and development in order to “send a plane to be carbon-neutral by 2035 “, announced by the minister.

Prepare the next generation of aircraft and helicopters

While nearly one-third of the 35 000 jobs dedicated to R & D in the aerospace industry are challenged by the difficulties of the sector, the objective is to prepare the next generation of commercial aircraft, helicopters and business aircraft with new propulsion modes that emit less CO2, such as hydrogen engines and “very high dilution rates “.

“It is an acceleration of 10 years compared to the initial objectives of the sector. This will enable us to set new global standards of the aircraft in low carbon “, considered the minister of the ecological transition, Elizabeth Terminal.

In order to“to accelerate the transformation of SMES and size of intermediaries “, the State and the industrialists of aeronautics have also agreed to create an investment fund with 500 million euros as early as this summer, and at the end of a billion euros.

→ TO READ. The government flies to the rescue of the aerospace industry

The State, through the public bank Bpifrance, “bring 200 million euros, the industrial (Airbus, Safran, Dassault Aviation and Thales) 200 million euros also, at least 100 million will be provided by the fund manager, which will be selected by tender “, said Bruno Le Maire. These 500 million euros “will lift one billion to term “, a-he said.

In addition, another fund of assistance for the modernization of the production tool, and in particular the digitization and automation of the SMES and institutions of intermediate size, with 300 million euros of public spending direct over three years, has been created, he also announced.

Pre-order of military machines

Finally, the ministry of the armed forces will anticipate from this year, the orders of military aircraft to the tune of 600 million euros, or approximately 5% of its capital budget, announced minister Florence Parly.

These controls relate in particular to three Airbus A330 aircraft that will eventually be transformed into tanker aircraft (A330 MRTT), 8 helicopters of maneuver Caracal, a light aircraft, surveillance and intelligence and drones for the navy.

Two hundred million euros will also be spent by the interior in the purchase of aircraft for the gendarmerie and civil security, while the budget of the fund in SMES in the defense industry, appointed Definvest, will be increased from 50 to 100 million euros for the next five years.

300 000 direct and indirect jobs in France

The aviation sector represents 300 000 direct and indirect jobs in France. “If we had not intervened immediately, it is one-third of the jobs in the industry that would have disappeared “, says Bruno Le Maire, calling the industrial “do everything to avoid the departures forced “.

Alone, the airline Air France has received seven billion euros in aid from the State in the form of direct loans or bank loans guaranteed by the public authorities, a sum included in the $ 15 billion plan.

This should in particular enable him to concretize the order of 60 Airbus A220 and 38 widebody A350 as it was planned. But this plan of assistance has not deterred the management of the company to consider a voluntary departure.


The aeronautical sector ventures into unknown skies

The aeronautical sector is presented, along with the automobile sector, as one of the main economic victims of the Covid-19 epidemic. Monday, May 4, the Minister of Economy and Finance Bruno Le Maire launched the examination of a support plan for the entire sector which represents in France around 300,000 jobs and nearly 65 billion euros in turnover.

→ LIVE – Coronavirus: the latest information in France and worldwide

Applied to aeronautics, the crisis follows a simple scheme: planes are almost no longer flying, airlines are less inclined to buy new ones. They prefer to get rid of those who serve them the least and who cost them the most, especially in maintenance.

Boeing and Airbus expected on production rates

The 2001 crisis had not had a very strong impact on demand for flights. That of 2008 either, even if it had consequences on the GDP. This is already having a huge impact on GDP, and we don’t know how long it will last, says Marc Durance, from Archery. And there’s a lot of uncertainty on the five-year horizon

The scenarios for coming out of the crisis remain very uncertain, given the parameters that are not yet under control: a vaccine found within a few months would allow a “rapid” exit; on the contrary, an epidemic resurfacing in “waves” would be even more catastrophic.

A new fact: cancellations of orders

Whereas in the two previous crises, the airlines had requested delivery delays but without too many order cancellations, these already amount to several hundred. The concern is growing among equipment manufacturers, including a host of French companies: Figeac Aero, Mecachrome …

The crisis came at a time when the watchword was to ramp up to produce more. Equipment manufacturers, in recent years, have therefore invested massively and should soon encounter cash flow problems.

Diversification, an opportunity

Even if, according to their economic model, they will not face the same difficulties: a company like Zodiac, which manufactures among other things aircraft seats, very little renewed during the lifetime of the device, risks being subjected very directly a drop in orders. Others will seek to further “smooth” losses. It is possible when the income comes partly from the supply of new parts but especially from their maintenance, upkeep …

Many equipment suppliers for civil and military aviation, says Arnaud Aymé, of Sia Partners. This sector is also very intertwined with the space sector ” The more an equipment manufacturer has diversified its activity, the more likely it is to resist this crisis, which Bruno Le Maire pointed out would cause ” bankruptcies “And” destruction of jobs

“Consolidations” to come

Bruno Le Maire suggested that the support plan in preparation could include “lhas set up an investment fund for the sector to support subcontractors, SMEs, all of this industrial fabric across the country that supports Airbus, but which will be the most threatened tomorrow ” The sector should know ” consolidations “, Warns Bruno Durance.


Phase 2: Pa staff limited returns if urgent – Last Hour

(ANSA) – ROME, MAY 04 – An “additional” effort for
“to guarantee the rapid conclusion of the functional procedures”
to ‘phase 2’, with the administrations that “will be able to evaluate
rethink the organizational methods put in place, based
basically about agile work. So they can predict
limited returns of staff quotas to conclude
urgent and non-urgent practices
treatable remotely “. This is the content of the directive
just signed by the owner of the P.a, Fabiana Dadone, second
what Palazzo Vidoni reports. “The state – writes the ministry –
has never stopped and now must support the revival of
key sectors that reopen their doors “. (ANSA).