Thursday, April 10th, 2025
Luz Stella Murgas, president of the Colombian Natural Gas Association (Naturgas), presented a comprehensive proposal to President Gustavo Petro’s administration.
Colombia could lose up to CoP$2.5T in fiscal revenue if the current downward trend in global oil prices continues, posing a significant challenge to the government’s efforts to balance its budget in 2025. This financial pressure adds to an already delicate fiscal landscape as the country grapples with slowing growth and a need to restore investor confidence.
GeoPark Limited (NYSE: GPRK) announced the divestment of specific non-core assets and the implementation of cost-efficiency initiatives. These actions aim to reinforce the company’s strategy of delivering profitable, reliable, and sustainable long-term growth.
Ecopetrol (NYSE: EC) and LATAM Airlines Colombia announced a groundbreaking strategic alliance to advance the energy transition in Colombia’s aviation sector.
The Comptroller General called for urgent reforms in the targeting and management of energy and gas subsidies.
Ecopetrol (NYSE: EC) warned that blockades by Indigenous communities at the Rubiales and Caño Sur fields in the Meta department have disrupted crude oil production by approximately 80,000bd.
A potential deal to import hydrocarbons from Venezuela sparked alarm in Colombia’s Congress, where lawmakers and trade officials warned it could lead to dire economic consequences, including the loss of thousands of jobs and billions in exports.
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