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Who’s fault is it? (Part 2)

Who’s fault is it? (Part 2)

Ecopetrol’s deteriorating Net Income continues to consume (virtual) column inches in the Colombian business press. Our perhaps counter-to-the-current view has been that short-term financial performance is the wrong place to look for what might be wrong with the NOC. This week we dive deeper into the qualitative comments we made last time.

Monday, September 1st, 2025
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NG Energy 2Q25 results

NG Energy 2Q25 results

NG Energy International Corp. (TSXV: GASX) released its financial and operational results for the second quarter of 2025, highlighting both strong reserve growth and ambitious plans to expand production capacity in Colombia.

Thursday, August 28th, 2025
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Ecopetrol exploring acquiring CNE

Colombia’s state-owned oil company Ecopetrol (NYSE: EC) and natural gas producer Canacol Energy (TSX: CNE) are advancing discussions that could lead to a potential acquisition.

Thursday, August 28th, 2025
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Household gas bills surge

Colombian households could see another hike in their gas bills by December, as the country becomes increasingly reliant on imports to secure supply, warned Luz Stella Murgas, president of the Colombian Natural Gas Association (Naturgas).

Thursday, August 28th, 2025
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USO faces fracture

The Unión Sindical Obrera (USO), one of Colombia’s most powerful oil workers’ unions, is facing mounting internal tensions after its president, César Loza, openly suggested that Colombia should resume fracking to safeguard energy self-sufficiency.

Thursday, August 28th, 2025
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Gas price surge threatens economy

Gas price surge threatens economy

Colombia’s economy could lose CoP$11.2T over the next eight years due to rising natural gas prices and dwindling domestic supply, according to a new report from Fedesarrollo.

Wednesday, August 27th, 2025
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Amazon summit ends

The Amazon presidential summit in Bogotá closed with partial agreements but without the headline demand from Indigenous communities, scientists, and civil society: a ban on fossil fuel extraction in the rainforest.

Wednesday, August 27th, 2025
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Gas supply prioritized

The Colombian government unveiled a draft resolution aimed at ensuring natural gas supply during the scheduled maintenance of Cartagena’s regasification plant, SPEC LNG, set for October 10–14, 2025.

Wednesday, August 27th, 2025
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Propane demand surges

Propane is gaining prominence in Colombia as the country grapples with declining natural gas reserves.

Wednesday, August 27th, 2025
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Acipet’s view

Acipet’s view

The future of Colombia’s hydrocarbon sector hinges on addressing falling reserves and accelerating the development of both conventional and unconventional resources, according to Óscar Ferney Rincón, Director of the Colombian Association of Petroleum Engineers (Acipet).

Tuesday, August 26th, 2025
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