News and AnalysIs for

Campetrol, with information of the Ministry of Mines and Energy (MinEnergia), published data on fuel demand in December 2023.

The U.S. Department of State announced will reinstate sanctions on Venezuela’s oil and gas sector, citing concerns over electoral fairness.

Colombia’s now former National Planning Director (DNP), Jorge Iván González, issued a call to the country’s financial sector.

President Gustavo Petro’s recent visit to the Pacific Coast left an intriguing proposal in its wake — the initiation of a public consultation to explore the feasibility of constructing an inter-oceanic canal in the Chocó department.

The Colombian Chamber of Goods and Services (Campetrol) reported rig information for December 2023.

Finance Minister Ricardo Bonilla highlighted the strong foreign interest in investing across various sectors in Colombia.

Following the unfortunate death of Piedad Córdoba, a lingering question emerges: who will assume her seat in the Senate? This could affect the government’s plans for Ecopetrol’s (NYSE: EC) Board of Directors.

Voices in Congress are escalating their demands for the resignation of Ricardo Roa, the President of Ecopetrol (NYSE: EC), following the disclosure of documents suggesting irregular financing of Gustavo Petro’s presidential campaign by the teachers’ union, Fecode.

The Constitutional Court ruled against the government’s request to reconsider its decision to declare royalties tax deductible in the mining and energy sector in Colombia.

The easing of the U.S. oil embargo on Venezuela opens doors for the beleaguered country’s oil industry to revive old channels for crude sales and rekindle partnerships with foreign companies. However, experts caution that this process will take time.