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GeoPark CEO Felipe Bayón says Colombia can move directly to commercial development of unconventional resources without first running pilot projects, using the experience of the United States and Argentina.

Fracking could sustain oil and gas production in Colombia for about 100 years, according to Nelson Castañeda, president of the oil and gas chamber Campetrol, but only if the government provides legal and tax stability.

GeoPark reported third-quarter net profit of US$6.6 million, down from US$14.0 million in the second quarter and US$15.9 million a year earlier, as lower realized prices and hedging losses cut Adjusted EBITDA to US$45.8 million. Net profit included a US$12.4 million income tax benefit, mainly deferred tax in Argentina.

Colombians’ confidence in the Presidency rose in this year’s Barómetro Petrolero, but their view of the oil industry fell to the lowest in the survey’s history, while the share of executives planning to expand in Colombia jumped to its highest since 2019.

Colombia’s employer groups want the 2027 minimum wage raised by no more than about 9%, while union confederations are asking for much more than 10%, as the talks that decide the figure draw closer.

Indumil president Lucas Ariza said the state-owned arms and explosives company is not looking to buy Venezuelan fertilizer maker Monómeros.

Colombia received CoP$79 trillion in dividends and other income from Ecopetrol while CoP$87.7 trillion went to cover the accumulated deficit of the Fuel Price Stabilization Fund (FEPC), according to figures presented by Universidad de Los Andes professor Sergio Cabrales.

The Regasificadora del Pacífico, the LNG import project at Buga in Valle del Cauca, has not started operating, and the latest date from regional officials is mid-November, after an earlier target of November 1.

The government has included the recovery of the Antonio Ricaurte binational gas pipeline among its Projects of National and Strategic Interest (PINES), a step Valora Analitik calls “administrative” and does not mean Venezuelan gas can arrive now.

Colombia’s coal federation, Fenalcarbón, expects the sector to reach 90 million tons of production by 2030, close to its peaks in earlier years, from 51 million tons in 2025.