News and AnalysIs for

Colombia’s oil industry is showing signs of serious strain, as national crude production in March 2025 fell to its lowest level since May 2022.

Colombian President Gustavo Petro announced potential sanctions against gas intermediary companies, accusing them of diverting residential gas supplies to more lucrative thermoelectric generation. His remarks follow a Fedesarrollo study warning of steep increases in gas tariffs due to rising import dependency.

At a time when Ecopetrol’s (NYSE: EC) profits are declining and the possibility of importing Venezuelan gas remains uncertain, PDVSA Colombia has not only received millions from Colombia’s state oil company but is now asking for even more.

As Colombia grapples with mounting fiscal pressure in early 2025, the drop in international oil prices has delivered a surprising benefit: it is helping stabilize the country’s fuel subsidy fund and alleviating some fiscal burdens for 2026. However, the picture is more nuanced than it appears.

A wave of violent incidents in the Quifa oil field, located in Puerto Triunfo, Meta, sparked alarm across Colombia’s energy sector.

Ecopetrol launched a new Produced Water Treatment System (STAP) in the Acacías Station, with a capacity to process 120,000 barrels of water per day.