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Rig count in July 2025

Rig count in July 2025

The Colombian Chamber of Goods and Services (Campetrol) reported rig information for July 2025.

Tuesday, September 2nd, 2025
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Exxon eyes regasification

Natural gas imports have become a major business opportunity in Colombia since the country lost energy self-sufficiency in December 2024. With limited resources to meet household demand, the government is now tracking six projects aimed at expanding import capacity, beyond the Cartagena regasification terminal that has been operating since 2016.

Tuesday, September 2nd, 2025
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Propane imports expand

Colombia’s propane sector is moving to expand import capacity from the Caribbean as the country faces a tightening energy supply, revealed the Colombian Propane Association (Gasnova).

Tuesday, September 2nd, 2025
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Ecopetrol ordered to pay compensation

Colombia’s State Council ruled against Ecopetrol (NYSE: EC) and Oleoducto de los Llanos Orientales S.A. (ODL), confirming their responsibility for damage to a rice crop during the construction of an oil pipeline in Casanare in 2009.

Tuesday, September 2nd, 2025
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Who’s fault is it? (Part 2)

Who’s fault is it? (Part 2)

Ecopetrol’s deteriorating Net Income continues to consume (virtual) column inches in the Colombian business press. Our perhaps counter-to-the-current view has been that short-term financial performance is the wrong place to look for what might be wrong with the NOC. This week we dive deeper into the qualitative comments we made last time.

Monday, September 1st, 2025
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NG Energy 2Q25 results

NG Energy 2Q25 results

NG Energy International Corp. (TSXV: GASX) released its financial and operational results for the second quarter of 2025, highlighting both strong reserve growth and ambitious plans to expand production capacity in Colombia.

Thursday, August 28th, 2025
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Ecopetrol exploring acquiring CNE

Colombia’s state-owned oil company Ecopetrol (NYSE: EC) and natural gas producer Canacol Energy (TSX: CNE) are advancing discussions that could lead to a potential acquisition.

Thursday, August 28th, 2025
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Household gas bills surge

Colombian households could see another hike in their gas bills by December, as the country becomes increasingly reliant on imports to secure supply, warned Luz Stella Murgas, president of the Colombian Natural Gas Association (Naturgas).

Thursday, August 28th, 2025
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USO faces fracture

The Unión Sindical Obrera (USO), one of Colombia’s most powerful oil workers’ unions, is facing mounting internal tensions after its president, César Loza, openly suggested that Colombia should resume fracking to safeguard energy self-sufficiency.

Thursday, August 28th, 2025
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Gas price surge threatens economy

Gas price surge threatens economy

Colombia’s economy could lose CoP$11.2T over the next eight years due to rising natural gas prices and dwindling domestic supply, according to a new report from Fedesarrollo.

Wednesday, August 27th, 2025
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