News and AnalysIs for

The National Hydrocarbons Agency (ANH), led by President Orlando Velandia Sepúlveda, announced the approval of the B League initiative, a strategic plan to reassign oil and gas exploration and production areas to smaller companies.

The gas market manager for Colombia, the Bolsa Mercantil, recently published its latest summary of producers “declarations” of production potential for the coming years. It is not a pretty sight but then, this graph rarely is.

Minister of Mines and Energy (MinEnergia), Andrés Camacho, announced that the government is accelerating oil exploration efforts.

Ecopetrol (NYSE: EC) recently held its first-ever meeting with the USO Colombia union, a significant labor movement representing 25,000 workers in Colombia’s energy sector since 1923.

As of July 2024, the Colombian Congress has been processing a total of 40 bills related to the mining and hydrocarbons sector.

Colombia is grappling with an impending natural gas shortage, with industry experts warning that the country must bolster its gas reserves to meet future demand. Both the Colombian Natural Gas Association (Naturgas) and the Colombian Petroleum and Gas Association (ACP) have repeatedly emphasized the urgency of this issue.

In a significant political shake-up within Colombia’s Ministry of Mines and Energy (MinEnergia), Vice Minister of Energy Javier Campillo is expected to resign, according to a source close to President Gustavo Petro’s administration.

In a legal dispute dating back to 2010, the Council of State of Colombia has ruled in favor of Chevron Petroleum Company (NYSE: CVX) against Transportadora de Gas Internacional (TGI) and Empresa Colombiana de Gas (Ecogás).

Colombian Finance Minister (MinHacienda) Ricardo Bonilla denied rumors circulating in various media outlets about an impending increase in the price of diesel in August.

Our index of the share prices of Colombia-focused, publicly traded companies still lies well below where it was on May 1^st, 2022 when the prospect of a Gustavo Petro presidency seemed distant. But there has been some improvement in the last quarter or so.