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Parex announced an update on the Llanos Foothills exploration project and other operational matters.

The Petro government proposed eliminating unpopular taxes on alcoholic beverages, particularly beer, in exchange for reviving a previously struck-down measure prohibiting oil and mining companies from deducting royalties from their income tax.

As Colombia faces a natural gas deficit and increasing import dependency, Gas País proposes liquefied petroleum gas (LPG) as an alternative to meet demand while the offshore Sirius project comes online.

Colombia’s Constitutional Court validated Decree 1275 of 2024, which recognizes indigenous peoples as environmental authorities within their territories, but established specific conditions for its application. The decree, signed by President Gustavo Petro and issued by the Ministry of Environment, responds to a demand from ancestral communities spanning more than three decades.

From the beginning President Gustavo Petro’s government seemed determined that Colombia would lose its self-sufficiency in fossil fuels. It appears to be accomplishing that goal, certainly in gas, and maybe in liquids as well.

The Colombian government, through the Ministry of Mines and Energy, announced an urgent package of measures to stabilize natural gas prices and protect residential users, small businesses, taxi drivers, and productive sectors dependent on this service.

Ecopetrol achieved a significant sustainability milestone by contracting a vessel equipped with an auxiliary wind propulsion system, reducing CO₂ emissions by 49% compared to conventional ships.

President Gustavo Petro considers selling Ecopetrol’s Permian Basin assets essential for the company’s financial sustainability, but experts strongly disagree, viewing the move as both unviable and harmful to the stock.

The Ministry of Mines and Energy is working on a comprehensive update of the institutional framework to guarantee liquid fuel supply in Colombia. The initiative will be built on two main pillars: strengthening the legal and operational framework for fuel imports, and creating a Liquid Fuels Manager.

Anticipating the time of year when reserves reports usually appear, Geopark published a press release and detailed reserve report reflecting its participation in the Vaca Muerta.