Wednesday, July 29th, 2026
The situation Abelardo de la Espriella inherits on August 7th has a clear statistical signature, according to El País: crude oil production is at its lowest level in 16 years – a figure corroborated by Corficolombiana – the ANH signed zero new exploration and production contracts in four years, gas reserves collapsed to the point where Colombia now imports one third of what it consumes, and the sector has posted nine consecutive quarters of declining performance.
Higher oil prices and solid operational performance will not automatically translate into stronger credit quality for Latin America’s state-owned oil companies, according to a Moody’s report.
According to persons close to president-elect Abelardo de la Espriella, Valora Analitik reported on July 25, Joaquín Gutiérrez Caballero is the leading candidate to assume the presidency of Ecopetrol.
Naturgas president Luz Stella Murgas publicly rejected statements made by Colgas’s chief executive – who had told media that natural gas prices would increase – describing the claims as “imprecise and without technical basis” that create unnecessary confusion and misinform users.
Ecopetrol and Petrobras marked a milestone in their pre-production social commitments for the Sirius offshore project on July 23, formally delivering piped natural gas connections to 1,500 families in Riohacha, Manaure, and Dibulla, alongside 1,500 new stoves distributed free of charge to guarantee immediate use of the service.
Ecopetrol filed three simultaneous material information disclosures on July 23rd, mapping the governance changes that will carry the state oil company through the remaining days of the Petro administration and position it for the incoming de la Espriella government.
Colombia’s most consequential gas supply event of 2026 begins Thursday. SPEC confirmed its maintenance window runs July 30th to August 3rd, with the coordination process for the five-day closure having involved thermal generators, non-thermal terminal users, the FSRU operator, and energy sector authorities.
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