News and AnalysIs for

Ricardo Roa’s leave from Ecopetrol expires July 27^th and under his contract he would legally return as company president on July 28^th – just ten days before the August 7^th inauguration of Abelardo de la Espriella, who has called him a thief and a criminal and whose government’s stated first act is to convene an extraordinary shareholders meeting to replace him.

Brazil’s securities regulator CVM handed Ecopetrol a procedural victory on July 15^th, ruling in favor of Ecopetrol Investimentos do Brasil in the administrative appeal that had kept the Brava Energía tender offer suspended since June 19^th.

The Energy Institute took over production of the annual Statistical Review of World Energy which BP had produced for decades. This was, in fact, the 75^th edition. We find it interesting for the tables and tables of energy data cut every which way that can produce thought-provoking graphs.

Colombia’s total exports reached US$5.193B in May 2026, a 19.2% year-on-year increase, capping a strong January-May period in which cumulative export revenue hit US$23.588B – up 15.4% over the same period in 2025.

With less than a month until his August 7^th inauguration, president-elect Abelardo de la Espriella’s economic team completed a high-level Washington mission on July 15^th, securing a concrete output from its IDB meeting: the launch of “Colombia Crece,” a joint investment attraction strategy embedded within the IDB Group’s regional LAC Crece initiative.

Vice president-elect José Manuel Restrepo met with US Secretary of State Marco Rubio at the State Department on July 15 for a 45-minute bilateral meeting that both sides described as the opening of a new chapter in Colombia-US relations, one in which energy and hydrocarbons figured as a central substantive thread beneath the diplomatic framing.