The Colombian government ruled out launching new rounds of offshore gas exploration, despite the region’s strategic importance for energy security.
The Gibraltar field, operated by Ecopetrol (NYSE: EC) in Norte de Santander, is facing a critical situation that could diminish the role of one of Colombia’s most strategic assets for national energy security.
Aquiles Mercado, Vice President of Finance and Administration at Promigas, raised a stark warning: Colombia’s energy transition risks becoming a cautionary tale of neglecting existing resources in pursuit of an idealized “green” future.
There is a lot happening in the industry and whenever members get together there is lots to discuss. What do they talk about?
As widely anticipated, Ecopetrol’s offshore Komodo-1 well in the Colombian Caribbean will not be drilled in 2026, despite having regained its environmental license at the end of 2024.
Colombia’s natural gas industry is preparing a significant boost in investment for 2025.
Colombia is facing a mounting natural gas deficit that has forced the country to rely increasingly on imports, a trend that threatens household tariffs, industrial competitiveness, and long-term energy security.
Ecopetrol (NYSE: EC) announced the successful reactivation of the UOP II cracking unit at its Barrancabermeja refinery, following what it described as the most significant maintenance intervention in the past 30 years at this strategic facility for Colombia’s energy security.
Ecopetrol (NYSE: EC) released its quarterly results for March–June 2025 recently. Despite a recovery in hydrocarbon production, the company’s profits fell for the second consecutive quarter, reporting CoP$3.1T in March and CoP$1.8T in June and the lifting costs played a key role in this behavior.
Colombia is struggling to attract foreign investment, weighed down by high logistics costs, slow regulatory processes, and outdated infrastructure that limit competitiveness in global markets.
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