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What’s at stake: the economic cost of four years without new oil contracts

Monday, June 1st, 2026

César Pabón, director of economic research at Corficolombiana, makes the central analytical argument in this Bloomberg Línea piece: Colombia’s next president faces an unusually narrow window to reverse the damage of the Petro era’s exploration freeze, and the cost of missing it is compounding.

Recent News

Presidential elections produce somewhat unexpected outcome, questioned by Petro UPDATE 1

Presidential elections produce somewhat unexpected outcome, questioned by Petro UPDATE 1

The expected candidates made it through to the second round and official government candidate Iván Cepeda got the approximately 40% of the vote that the polls said he would. But Abelard de la Espriella surprised by getting over 43% and coming first.

Monday, June 1st, 2026
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Making lemonade

Making lemonade

Colombia’s oil, gas and mining sector contracted for the ninth consecutive quarter in Q1 2026, but the pace of decline slowed sharply to just 0.1% — the mildest reading in more than two years, according to data published by the national statistics agency DANE and reported by Valora Analitik.

Thursday, May 28th, 2026
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NG Energy updates drilling results and production

NG Energy International Corp. (TSX: GASX) has announced successful drilling results for the Aruchara-5 development well at its María Conchita block on Colombia’s Caribbean coast, where the company holds an 80% working interest.

Thursday, May 28th, 2026
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Ecopetrol and Puerto Bahía clear final hurdles

Ecopetrol and the Sociedad Portuaria Puerto Bahía (SPPB) — the Cartagena maritime terminal owned by Frontera Energy — have secured all outstanding regulatory and environmental approvals required to begin the execution phase of their LNG regasification project on Colombia’s Caribbean coast.

Thursday, May 28th, 2026
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CREG calls public hearings on propane reliability

Colombia’s energy and gas regulator, the CREG, has announced a series of public hearings to socialize Draft Resolution No. 703 004 of 2026, which sets out the mechanisms for executing projects under the Liquefied Petroleum Gas (LPG aka propane) Continuity Plan.

Thursday, May 28th, 2026
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Gasoline price increase possible in June, Palma says

Gasoline price increase possible in June, Palma says

Colombia’s Ministry of Mines and Energy is evaluating a fresh increase in the pump price of gasoline for June 2026, minister Edwin Palma confirmed in public

Wednesday, May 27th, 2026
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