News and AnalysIs for

In the first half of 2024, fuel sales at service stations in Colombia experienced a notable decline.

The Colombian government has set an ambitious goal of reaching a daily oil production of one million barrels, urging oil companies to ramp up activities in exploration areas that have been underutilized.

Ricardo Roa Barragán, CEO of Ecopetrol (NYSE: EC), recently discussed the company’s strategy to address the looming natural gas deficit projected for 2025 and 2026.

The Colombian Natural Gas Association (Naturgas) raised concerns regarding the recent objection to a legislative bill aimed at ensuring access to essential public gas services.

Colombia wants to become the first oil-producing country to stop its oil exports and fossil fuel projects.

Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures as of June 2024. Here are the details.

Ecopetrol (NYSE: ECP) announced that it is in discussions with Occidental Petroleum (NYSE: OXY) to potentially acquire a 30% stake in CrownRock.

In a collaborative effort between the Arauca Risk Management Unit and Parex (TSX: PXT), yellow machinery equipment was delivered to the municipalities of Fortul, Tame, Arauquita, Saravena, and Arauca.

In 2023, companies in the chemical and agrochemical sectors played a significant role in the economy, collectively achieving operational revenues exceeding CoP$18.6T.

Recently, the Ministry published gas production forecasts on a steep downslope. We do not entirely trust MinEnergia, since the president wants to justify importing gas from Venezuela so we looked at the data. The story is not good although maybe not as bad as the government wants us to believe.