Sunday, May 17th, 2026
This week Ecopetrol published its financial results for the first quarter and the company received the usual criticism. We wrote briefly about our opinion – higher Brent means better results – and this long article will get deeper “under the hood”.
Former MinEnergia Amylkar D. Acosta M. mounts a sharp defense of Ecopetrol against what he characterizes as the Petro government’s intention to dismantle the company piecemeal, using the Ministry of Finance’s submission to Congress of an indicative plan to divest strategic assets valued at CoP$50T as his central exhibit.
Ecopetrol opened 2026 with a quarter that told two stories simultaneously: a seventh consecutive period of falling net income, and an EBITDA margin that matched the company’s best-ever historical quarters.
With Colombia’s FDI down 16% in 2025 to US$11.5B — and 33% over four years — the May 31 first-round election has intensified scrutiny of what each leading candidate would actually mean for foreign investment.
Arrow Exploration Corp. delivered a mixed full-year 2025, growing output while absorbing the dual hit of weaker crude prices and a significant asset impairment.
A dispute between two Colombian fuel distributors has drawn formal complaints to both the Fiscalía and the Ministry of Mines, reopening questions surrounding the Ocean Mariner — the Liberian-flagged vessel intercepted by the U.S. Navy in February after diverting from its declared destination in the Dominican Republic toward Cuba, carrying a cargo valued at US$6.9M.
Colombia has undergone a dramatic and largely unremarked structural shift in its gas supply over the past three years: a commodity that was overwhelmingly domestic has become increasingly imported, with consequences that will compound sharply if El Niño arrives as forecast.
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