News and AnalysIs for

A recent report from Fitch Ratings highlights significant discoveries by international investors and a global preference for natural gas, indicating that Colombia’s economy and hydrocarbon industry are poised for long-term growth.

President Gustavo Petro and Environment Minister (MinAmbiente) Susana Muhamad addressed the reduction of oil, coal, and gas extraction to combat the climate crisis during the United Nations General Assembly.

In the southern region of Atlántico, Colombia, the arrival of natural gas brings newfound joy to communities like Villa Rosa in Repelón.

In a recent review, Fitch Ratings upheld Terpel’s credit rating, commending the company’s robust financials. The long and short-term ratings remain at AAA, with a Stable outlook.

MinEnergia recently published its draft energy transition roadmap and the attention has focused on electrification for good reason: the Colombian government expects a dramatic increase in the proportion of total energy – including transport – served by electricity. For that, we have written extensively in our sister publication ePowerColombia. But the roadmap makes assumptions about oil and gas demand and supply that could impact the hydrocarbons industry.

Concerns are mounting within the Colombian government regarding the limited reserves of natural gas in the country.

The Colombian Chamber of Goods and Services for Oil, Gas, and Energy (Campetrol) has expressed its concern regarding the escalating roadblocks and mobility restrictions on the country’s highways.

The price of diesel has been a key topic of discussion this year, and Minister of Mines and Energy (MinEnergia) Andres Camacho talked about this issue.

Frontera Energy (TSE: FEC) has been recognized at the GRI Infra Awards in the Gender category.

The National Planning Department (DNP), in collaboration with the French Development Agency and ECLAC, released a study examining the repercussions of halving the production of oil and coal on employment, GDP, and poverty levels.