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State Council rules in favor of ECP

After nearly a decade of litigation, Colombia’s State Council has upheld a ruling that clears state-run oil company Ecopetrol of liability in a US$210M lawsuit filed by foreign firm Worldwide Energy Investment (WEI).

Wednesday, May 14th, 2025
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Frontera 1Q25 results

Frontera 1Q25 results

Frontera Energy (TSX: FEC) announced its financial and operating results for 1Q25.

Wednesday, May 14th, 2025
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ECP delays Komodo drilling again

Ecopetrol (NYSE: EC) has once again postponed the drilling of its ultra-deepwater Komodo well in the Caribbean Sea, citing ongoing restrictions from the National Environmental Licensing Agency (ANLA) that continue to make the project unviable.

Tuesday, May 13th, 2025
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Violent acts at Quifa

The Colombian Petroleum and Gas Association (ACP) strongly condemned the violent incidents that occurred yesterday at the Quifa oil field, located in the Puerto Triunfo area of Puerto Gaitán, Meta.

Tuesday, May 13th, 2025
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MinEnergia and unions sign agreement

The Ministry of Mines and Energy (MinEnergia), under the leadership of Minister Edwin Palma, signed the first-ever sector-wide collective agreement with unions representing the country’s mining and energy workers.

Tuesday, May 13th, 2025
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Parex 1Q25 results

Parex 1Q25 results

Parex (TSX: PXT) announced its financial and operating results for the first quarter 2025. Here are the details.

Monday, May 12th, 2025
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Can fracking solve gas crisis?

Colombia is facing a growing natural gas crisis. For over a decade, the country’s reserves have steadily declined, and warnings about a supply deficit have intensified.

Monday, May 12th, 2025
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PDVSA plans gas exports to Colombia

Venezuelan state oil company PDVSA announced its intention to begin transporting natural gas to Colombia through the Transcaribeño Antonio Ricaurte pipeline starting December 1, 2025. However, Colombia’s government, under President Gustavo Petro, has denied any involvement in or coordination with the operation.

Monday, May 12th, 2025
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Roa denies resignation

Ecopetrol (NYSE: EC) President Ricardo Roa Barragán firmly denied rumors that he has resigned from the top post at Colombia’s largest state-owned oil company.

Monday, May 12th, 2025
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The NOC’s earnings continue to fall

The NOC’s earnings continue to fall

Another fall in Ecopetrol’s earnings, more handwringing and more questions about the Petro government’s handling of the country’s most important economic asset. This time, someone even tried floating a rumor that CEO Ricardo Roa would step down after the board meeting.

Monday, May 12th, 2025
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