Thursday, July 10th, 2025
Colombia’s oil reserves are running low. According to the latest figures from the Ministry of Mines and Energy, the country has only 7.2 years of proven oil reserves left, a notable decline from the 8.4 years reported when President Gustavo Petro took office in 2022.
Parex Resources Inc. (TSX: PXT) released its preliminary production update for the second quarter of 2025, ahead of its full financial and operational results to be published on July 30, 2025.
Felipe Bayón, former CEO of Ecopetrol (NYSE: EC) and one of Colombia’s most respected energy leaders, has returned to the helm of the oil and gas sector, this time as CEO of GeoPark, an independent oil company with operations primarily in Colombia.
Colombia is facing a worrying decline in its exports to the U.S. and China, largely driven by sharp reductions in oil and coal sales.
A dispute between Colombia’s state oil company, Ecopetrol (NYSE: EC), and the National Tax and Customs Directorate (DIAN) escalated over the payment of a 19% Value Added Tax (VAT) on fuel imports made between 2022 and 2024.
Ecopetrol is set to take another major step toward strengthening Colombia’s energy security with the potential approval of a third natural gas import terminal, this time in Coveñas, Sucre.
NG Energy International Corp. (TSXV: GASX) announced a strategic consolidation of its interests in the Sinu-9 natural gas block, located in Colombia, through the acquisition of a 28% working interest from its minority partners.
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