Thursday, March 12th, 2026
The Ministry of Mines and Energy initiated an administrative sanction procedure against Ecopetrol for alleged non-compliance with the diesel supply plan for Nariño department, warning the situation could jeopardize fuel supply and result in sanctions against the company.
Ecopetrol maintains a sufficiently robust oil and gas exploration portfolio to sustain activity for at least ten more years, extending to 2036, according to Elsa Jaimes, general manager of offshore projects and exploration, speaking at the second Colombian Geological Association Energy Exploration Convention.
The Departamento Nacional de Planeación (DNP) conducted a technical tour of three strategic works funded by royalty resources in Santander that generate direct community benefits.
Colombia produced 746,444 barrels per day of oil in January 2026, representing a 3.03% decline compared to January 2025’s 769,751 bpd.
The Colombian government ordered the refund of over CoP$150B to natural gas users for overcharges in the transport component of tariffs. Gas transporters TGI, Promigas, and three other companies immediately rejected the order, denying any improper charges and threatening legal action.
GeoPark declined to raise its offer for Frontera Energy’s Colombian exploration and production assets, ending its bid after determining that matching a superior proposal from Parex Resources would not meet the company’s return thresholds.
Colombia’s natural gas shortage is driving an environmental reversal in the industrial sector, forcing companies to switch from cleaner fuels to more polluting alternatives. Between January 2025 and January 2026, Colombian industry substituted 38.6 Giga BTU per day of natural gas – equivalent to 16% of non-regulated industrial demand – with higher-emission fuels.
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