News and AnalysIs for

Ecopetrol (NYSE: EC) released its quarterly results for March–June 2025 recently. Despite a recovery in hydrocarbon production, the company’s profits fell for the second consecutive quarter, reporting CoP$3.1T in March and CoP$1.8T in June and the lifting costs played a key role in this behavior.

Colombia is struggling to attract foreign investment, weighed down by high logistics costs, slow regulatory processes, and outdated infrastructure that limit competitiveness in global markets.

Colombians are set to pay more at the pump after the Ministry of Finance (MinHacienda) announced a new tax reform that will gradually increase the value-added tax (VAT) on gasoline, diesel, and biofuels.

Promigas, through its subsidiary Surtigas, entered into a strategic alliance with Petromil to launch a new 1.4 MWp solar project on Colombia’s Caribbean coast, marking another step forward in the country’s energy transition.

Ecopetrol (NYSE: EC) confirmed that it is actively exploring inorganic growth opportunities as talks with Canacol Energy (TSX: CNE) gain momentum, potentially leading to one of the most significant energy deals in Colombia in recent years.

Ecopetrol announced the expansion of natural gas coverage in La Guajira, delivering 3,000 new household connections that will benefit more than 11,000 people, many of them in vulnerable conditions.