Tuesday, April 14th, 2026
With Colombia now a net gas importer and conventional production in sustained decline, energy sector voices are pushing hydraulic fracturing back onto the national agenda as the most credible lever for reversing the country’s hydrocarbon trajectory.
Presidential candidate Iván Cepeda, running on a platform broadly aligned with the Petro government’s ideology, used a campaign rally to outline his energy policy intentions for Ecopetrol, firmly rejecting any dilution of the state’s controlling stake in the company.
The governance fallout from Ricardo Roa’s leave of absence from Ecopetrol’s presidency has taken a new turn, with a minority shareholder of ISA filing a formal petition questioning whether his temporary removal from the helm of the parent company also affects his roles on the boards of subsidiaries ISA and Hocol.
A couple of weeks ago we reported President Gustavo Petro’s declaration that Colombia would withdraw from the international investment arbitration system, leaving only local courts to settle contract disputes. We wanted to go a bit deeper into this.
Parex Resources reported Q1 2026 average production of 44,735 boed – below the low end of its full-year guidance range of 45,000–49,000 boed – driven primarily by declines and disappointing drilling results at its LLA-32 block.
Ecopetrol assumed direct operation of the gas processing plant at the Gibraltar field on April 1, 2026, following the expiry of a 15-year BOMT (Build, Operate, Maintain and Transfer) contract with Gas Gibraltar S.A.S.
Richard Francis, co-director of Sovereign Ratings for the Americas at Fitch Ratings, delivered a sober assessment of Colombia’s fiscal and economic outlook in an interview published April 6, 2026, estimating the country would need at least three to four additional years to recover the investment grade it lost in 2021.
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