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Mid-year economic report

Mid-year economic report

At the close of the first half of 2025, Colombia’s oil and gas sector continues to show alarming signs of weakening, according to the latest Semáforo de la Economía (Economic Traffic Light).

Tuesday, July 15th, 2025
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Ecopetrol–Aerocivil Agreement

In a major step toward decarbonizing air travel, Colombia’s Civil Aviation Authority (Aerocivil) and Ecopetrol (NYSE: EC) signed a Memorandum of Understanding (MoU) to jointly promote the development of Sustainable Aviation Fuel (SAF) through the new program “SAF Vuela”.

Tuesday, July 15th, 2025
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Geothermal energy boost

In a landmark move to diversify Colombia’s energy matrix, the government of President Gustavo Petro has officially authorized Ecopetrol (NYSE: EC) to move forward with geothermal exploration projects.

Tuesday, July 15th, 2025
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Zaidi resigns from Arrow

Arrow Exploration Corp. (TSXV: AXL), a high-growth oil and gas operator with a strategic portfolio across Colombia’s key hydrocarbon basins, has announced the resignation of Board Director Anthony Zaidi, effective immediately.

Tuesday, July 15th, 2025
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CNE update on drilling activities

CNE update on drilling activities

Canacol Energy Ltd. (TSX: CNE) released an update on its ongoing exploration drilling operations in Colombia, reporting both challenges and successes across several key wells targeting the Cienaga de Oro (CDO) sandstone reservoir.

Monday, July 14th, 2025
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New rules for unrenewable resource production incentives

The Colombian Ministry of Mines and Energy (MinEnergia) released a draft resolution for public comment that aims to update the rules for distributing production incentives for non-renewable natural resources and their transportation via maritime and river routes.

Monday, July 14th, 2025
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Ecopetrol’s geothermal project

Ecopetrol (NYSE: EC) announced a major step forward in its energy transition strategy with the launch of a new geothermal energy project in the southern department of Nariño.

Monday, July 14th, 2025
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TGI on new regasification plant

The Colombian government, in partnership with Transportadora de Gas Internacional (TGI) S.A. ESP, a subsidiary of Grupo Energía Bogotá (GEB), is advancing plans for a new regasification plant in La Guajira to ensure long-term energy security and diversify the country’s natural gas infrastructure.

Monday, July 14th, 2025
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If you could read my mind

Having spent most, perhaps all, of my working life involved in strategic planning in one capacity or other, I always start to think about next year as soon as the calendar turns over from the second quarter into the third. Not perhaps a fully formed vision of the coming years but some scenarios to define the space of possibilities.

Monday, July 14th, 2025
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Colombia’s oil reserves dwindle

Colombia’s oil reserves dwindle

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.

Thursday, July 10th, 2025
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