Wednesday, April 16th, 2025
During the final day of the Naturgas Congress, Ecopetrol (NYSE: EC) President Ricardo Roa delivered a mixed message: while announcing a new schedule for gas commercialization, he also warned of a significant drop in the company’s earnings following the recent plunge in global oil prices.
Ecopetrol (NYSE: EC) and Petrobras (NYSE: PBR) have successfully completed formation tests at the Sirius-2 well, marking a major step in the evaluation of what is now considered Colombia’s largest offshore natural gas discovery.
U.S. President Donald Trump’s latest tariff moves are sending ripples through Latin America’s energy sector, with potential impacts that range from reduced investments to trade disruptions and volatile oil prices.
Colombian President Gustavo Petro delivered a sharp public rebuke to Ecopetrol (NYSE: EC) President Ricardo Roa over the company’s failure to import natural gas—a move the president sees as critical to lowering national energy tariffs.
S&P Global Ratings has downgraded the credit rating of Canacol Energy Ltd. (TSX: CNE), one of Colombia’s leading natural gas producers.
Since Donald Trump became President of the United States on January 20th, 2025 –really since he was elected in early November, 2024 – global stock markets have been on a magic carpet ride, from the highs of expectations of market-driven policies to the lows of fears of a tariff-war induced global depression. Share prices of oil and gas producers have ridden the same magic carpet, with Colombian companies pulled along by the same forces.
Luz Stella Murgas, president of the Colombian Natural Gas Association (Naturgas), presented a comprehensive proposal to President Gustavo Petro’s administration.