With Colombia’s presidential election approaching, the country’s energy policy has emerged as one of the sharpest lines of division among the leading candidates — with the opposition right promising an immediate reversal of the Petro-era hydrocarbon moratorium and the ruling coalition’s candidate signaling continuity in an energy transition that keeps extractive sectors alive but conditions them on environmental and social limits.
Energy and Mines Minister Edwin Palma used his appearance at the Contraloría General de la República’s forum on energy supply and storage on March 18, 2026 to frame the energy transition not as a Petro-government initiative but as a multi-administration policy commitment that should survive electoral cycles.
Gran Tierra Energy (GTE) announced on March 17, 2026 that it has signed an agreement with Ecopetrol to earn a 49% working interest in the Tisquirama block in Colombia’s Middle Magdalena Valley, which contains the Tisquirama and San Roque fields directly adjacent to Gran Tierra’s largest producing asset, Acordionero.
President Gustavo Petro spoke publicly on Ecopetrol twice in March, offering a consistent reading of the company’s deteriorating financial performance and using both opportunities to reinforce his energy transition agenda.
Naturgas president Luz Stella Murgas used a March 18, 2026 interview with El Heraldo to preview the agenda and ambitions of the upcoming Naturgas Congress, to be held in Cartagena from April 15 to 17 — the association’s most prominent annual gathering.
Ecopetrol closed 2025 with net profits of CoP$9.02T — down 39.5% and the lowest figure since 2021 — capping a third consecutive year of earnings deterioration. What can be done?
In an exclusive interview with Valora Analitik on March 20, 2026, Imad Mohsen, global president of Canadian independent Parex Resources, offered one of the most unambiguously positive assessments of Colombia’s investment climate heard from a senior oil executive in years — and one that stands in pointed contrast to the alarm being sounded by domestic sector associations over regulatory uncertainty and unpaid government debts.
Against the backdrop of Venezuela’s first LPG shipment to Colombia and a new Campetrol report showing 2025 oil production down 3% and gas output down 17%, Colombian Petroleum Association (ACP) president Frank Pearl issued a pointed call for domestic energy self-reliance.
Two regasification projects at different stages of development — one on the Pacific coast and one on the Caribbean — are moving forward this month, offering the near-term additions to Colombia’s gas import infrastructure as domestic field production continues to decline.
Some readers may think we are ignoring the sector’s most important news: the Iran War and its impact on oil prices. Instead, we worry about reporting things you already know, especially those that are widely reported global stories. Here we update our price charts for those who use them and try to make relevant Colombia-specific comments on what are rapidly changing events.
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