President Abelardo De la Espriella’s government has finalized the single slate of nominees it will present at Ecopetrol’s extraordinary shareholders’ assembly on September 15, aimed at renewing the company’s board of directors.
Technically it’s over. Practically speaking, it isn’t. Gustavo Petro was still president of Colombia in July and his temporary substitute for Ricardo Roa will be there until the end of the third quarter. Even if he leaves directly after the board meeting at the end of September, he will have been in charge for virtually all of the quarter.
The US and Iran are no closer to a solution to the Strait of Hormuz but the situation may becoming to a sustainable stalemate and that, in turn, may be stabilizing Brent – but only in a medium-to-long term sense.
Drummond Energy is abandoning its planned regasification terminal in Ciénaga, Magdalena, to focus entirely on developing unconventional shale gas in Cesar, betting on President Abelardo De la Espriella’s fracking-friendly stance.
Colombia’s unconventional hydrocarbons (YNC) could extend national gas self-sufficiency by roughly 70 years and oil self-sufficiency by nearly 16 years, relative to 2020 production levels, according to a Corficolombiana report.
Ecopetrol’s Barranquilla and Cartagena refineries strengthened their fuel and petrochemical output in the first half of 2026, with total refining throughput averaging 428,000 bd, up 5.9% (24,000 bd) year-on-year.
Colombia’s electricity demand is projected to grow roughly 10% between 2026 and 2030, according to UPME estimates cited at Andeg’s 13th Energy Forum, straining both generation supply and the transmission network.
Following a meeting with the Colombian Natural Gas Association (Naturgas), Minister of Environment Fabio Arjona endorsed natural gas as a fundamental fuel for Colombia’s energy transition, framing it as compatible with energy security, emissions reduction, and territorial protection.
The De la Espriella government is expected to call an Extraordinary Shareholders’ Assembly for Ecopetrol in late September, aimed at advancing changes to the company’s board of directors.
President Abelardo De la Espriella ordered the Armed Forces and National Police to launch a joint operation against hydrocarbons theft, coordinated with Ecopetrol, the Fiscalía, and other authorities “to comprehensively attack this criminal economy.”
2026, Hydrocarbons Colombia, All Rights Reserved.
