No, we are not discussing biofuels. Rather, given that this is our last “What We Think” for the Petro government, we will give our evaluation, especially of the outgoing (already gone?) MinEnergia.
Ecopetrol announced on July 22nd that it has secured nine Contingency Supply Contracts making 81 GBTUD of natural gas available to the market to backstop supply during the SPEC LNG regasification terminal’s scheduled maintenance from July 30th to August 3rd.
If true, Ecopetrol’s leadership transition accelerated sharply on July 23rd, with unconfirmed reports of two related developments simultaneously: Ricardo Roa’s official departure date confirmed as July 30th, and a significant reshaping of the board that clears the path for the incoming de la Espriella government to restructure the company’s governance from day one.
So far, we see nothing on the Ecopetrol investor site confirming either of these stories.
The collective agreement signed between the USO and Ecopetrol has been fully disclosed and its most strategically significant feature is not any individual benefit but the duration of the contract itself.
Colombo-Venezuelan petrochemical company Monómeros Colombo Venezolanos S.A. has been rescued from insolvency after the Superintendency of Companies confirmed a reorganization agreement in hearings held on July 3 and 10, ending a sixteen-month legal process that began when Supersociedades initiated ex officio reorganization proceedings in March 2025 following a financial deterioration that threatened the company’s viability as a going concern.
GeoPark’s 2Q26 operational update, published July 21st, reveals a Colombian portfolio where the strategic story is less about new discoveries and more about the sophisticated management of existing assets.
Petro’s outgoing government filed its final tax reform before the new Congress on July 21st, placing the mining and energy sector at the center of the fiscal controversy for the second time in four years.
Tomás González, former Minister of Mines and Energy and current director of the Centro Regional de Estudios de Energía (CREE), used a recent interview with El Tiempo’s María Isabel Rueda to deliver both his most direct assessment of the energy crisis the incoming government inherits and his most explicit argument for why hydrocarbons – not just renewables – are Colombia’s path out of it.
The Secretaría Jurídica de la Presidencia had several decrees in process on July 17th accepting senior official resignations, El Tiempo’s Investigative Unit reported, as the outgoing Petro government entered its final three weeks.
The Regasificadora del Pacífico (RDP) project in Guadalajara de Buga, Valle del Cauca has surpassed 80% construction completion and remains on track to enter commercial operations before year-end, then-Mines and Energy Minister Edwin Palma confirmed during a July 16 site visit.
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