Despite the Petro government’s criticism of U.S. intervention in Venezuela following Nicolás Maduro’s capture, Energy Minister Edwin Palma signaled openness to negotiating with the Trump administration.
Frontera announced a commitment to deliver production to Chevron and a corresponding prepayment agreement.
The Colombian Petroleum and Gas Association (ACP) General Assembly designated members of the Board of Directors for the 2026-2027 period and appointed its new Executive Board, who will assume leadership of the association’s Board of Directors for one year.
The Colombian gas producer published an update press release on its website. We also picked up an item on CNE from Superservicios.
President Gustavo Petro requested that state-owned Ecopetrol substantially reduce internal natural gas prices as Colombia confronts a growing gas shortage forcing dependence on costlier imports. According to the country’s commodities exchange, internal gas production is projected to fall up to 20% below demand next year.
Promigas announced on December 23 a new advance in the Barranquilla-Ballena Bidirectionality Project by placing into operation, ahead of schedule, 20 mmcfd of additional natural gas transport capacity between the Caribbean coast and Colombia’s interior.
Colombia’s Works for Taxes (Obras por Impuestos) mechanism will begin 2026 without an approved quota, according to the Territorial Renewal Agency (ART), which confirmed that despite inquiries from companies, territorial entities, and community organizations, the maximum amount for 2026 remains undefined.
Ecopetrol received the “Gold Standard” recognition for the third consecutive year for its advances in methane emissions management, detailed measurement plan implementation, reporting quality and transparency, and establishment of reduction targets. The recognition is granted by the Oil and Gas Methane Partnership (OGMP 2.0), an initiative led by the United Nations Environment Programme.
The NOC published a press release that set the stage for the Ministry’s announcement of increased gas declarations.
Just before the end of December, the NOC published a press release on this important potential source of new gas.
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