Ecopetrol (NYSE: EC) confirmed that two of its key exploratory wells drilled in the first half of 2025 failed to deliver commercial hydrocarbon results.
Colombian President Gustavo Petro reignited debate over the impact of fuel subsidies on public finances, declaring that the nation’s fiscal deficit will ultimately be paid either through higher taxes or more expensive gasoline.
Ecopetrol (NYSE: EC) is preparing new asset sales for the remainder of 2025, as confirmed during the company’s second-quarter financial results presentation.
The government of President Gustavo Petro may be running out of room to finance itself through Treasury Securities (TES), according to a recent report by Banco Itaú.
Canadian oil producer Parex Resources (TSX: PXT) reaffirmed its corporate guidance for 2025.
The Mexican government has unveiled a strategic financing plan to support state-owned oil giant Petróleos Mexicanos (Pemex) in tackling its massive financial debt, which stands at US$98.8B.
NG Energy International Corp. (TSXV: GASX) announced the spudding of the Aruchara-4 well at its Maria Conchita block and reported that gross production from the Sinu-9 block reached 22mmcfd. The company also provided a detailed operational update for both assets.
Martha Villarreal Pava, President of the Board of Directors at the Colombian Association of Petroleum Engineers (Acipet), called for a pragmatic approach to the nation’s energy debate, stressing that “without hydrocarbons, there is no possible energy transition.”
… but who’s fault is it?
The Colombian press certainly wants to blame the current administration – either the company’s or the country’s – for the NOC’s declining financial performance. Management blames oil prices which are, most certainly, down over last year. Our previous analyses have supported management’s thesis about short-term, tactical performance, even as we seriously question mid and long-term strategy. Now we have another bad quarter.
Frontera Energy (TSX: FEC) announced its financial and operating results for 2Q25.
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