Citi has kept Ecopetrol at Neutral with an unchanged US$18 per ADR target, calling the appointment of Joaquín Gutiérrez as president a missed chance to signal independent governance.
Colombia now imports more liquefied petroleum gas (LPG) than it produces, as industrial users switch away from scarce natural gas and domestic output declines.
Chile has no significant domestic gas production, yet its supply does not hinge on a floating regasification unit (FSRU), a contrast that shows how exposed Colombian industry is, argues Patricio Mura Escobar, general manager of Grupo GasPaís.
Luis Felipe Henao, an independent member of Ecopetrol’s board, has filed a complaint for aggravated insult and slander against Alberto Vergara Monterrosa, the company’s former compliance chief.
The mining and energy sector’s share of Colombia’s corporate income tax fell from 36.2% in 2012 to 6.3% in 2025, according to figures presented at an ANIF–CREE seminar titled “Energy to return to growth.”
Imported gas supplied 39% of Colombia’s natural gas in September, and with a very strong El Niño looming, industrial users are looking for alternatives to secure their energy.
The floating storage unit that will supply Colombia’s Pacific regasification project has arrived in Buenaventura Bay, and large companies are reportedly weighing bids for the venture.
Ecopetrol’s board named Joaquín Gutiérrez Caballero president on Sept 24, completing a leadership overhaul in which close allies of President Abelardo de la Espriella now run the company.
Eni and Repsol are reportedly looking to sell part of their stake in La Perla, Venezuela’s largest gas field, to raise capital for a production expansion.
Parex Resources said preliminary 3Q26 production averaged 83,259 boe/d, with output edging up through the quarter.
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