News and AnalysIs for

Ecopetrol outlined a 2026 investment plan ranging from CoP$22T to CoP$27T during its investor call following 2025 financial results, allocating 70% to traditional oil and gas operations and 30% to energy transition initiatives. It also confirmed it was “kicking the tires” on Canacol’s assets.

Colombia’s OCAD Paz approved 97 projects totaling CoP$1.91T for the country’s 16 PDET subregions under the second call of the 2025-2026 biennium. The initiatives will be financed through Peace Allocation resources from royalties (SGR) and were endorsed during session 86 held at the National Planning Department.

Colombia’s Superintendent of Public Services (SuperServicios) has launched an investigation into “pure commercializers” of natural gas—intermediaries who purchase and resell gas in the secondary market without serving end users—amid concerns that excessive intermediation is driving up residential and commercial tariffs.

SierraCol Energy delivered a 109% 2P reserves replacement ratio in 2025 – marking its ninth consecutive year exceeding 100% – while navigating temporary production restrictions. and completing a change in ownership.

President Gustavo Petro’s administration is defending the continued tenure of Ricardo Roa and Jorge Carrillo at two of Colombia’s most strategically important state enterprises despite escalating legal controversies surrounding both officials.

Latin American refineries are adapting existing infrastructure to produce renewable fuels rather than constructing new facilities, with Colombia positioning itself to enter the emerging biofuels market through pilot programs and planned capacity expansion in Barrancabermeja.