Petrobras is advancing multiple natural gas exploration initiatives in Colombia’s Caribbean waters while navigating the complex approval process for its flagship Sirius project, according to Alcindo Moritz, president of Petrobras in Colombia.
Ballena on the Caribbean coast produces only a fraction of what it used to but still contributes an important amount to the country’s dwindling supplies. Ecopetrol also plans to convert it to a gas import facility.
Three controversies have engulfed Colombia’s state oil company Ecopetrol in recent weeks, involving alleged financial misconduct, irregular financial tracking, and violation of campaign financing laws when Ricardo Roa ran Gustavo Petro’s 2022 election bid.
The latest “COP” global conference ended without a declaration on fossil fuels. A number of countries, led by Colombia, pushed for an energy transition “roadmap” to abandon these, but resistance, mostly from producer countries, kept that from making the final version.
Fast growing gas producer NG Energy reported its 3Q25 financial results in a press release.
Colombia’s ongoing fiscal crisis is expected to worsen in 2026 due to a sharp drop in the profits of Ecopetrol, the nation’s most important company. The urgency for cash is so significant that the current administration has introduced a third tax reform bill to Congress.
Gases del Caribe, a major player in Colombia’s energy sector, has been recognized in the Digital Transformation category of the 2025 Portafolio Awards for its innovative platform called Helious. This proprietary technology was developed to fundamentally transform the management of natural gas supply and transportation across the country.
The import of fuels in Colombia has increased nearly tenfold in the last decade, according to an alert issued by the Comptroller General, Carlos Hernán Rodríguez.
Fitch Ratings issued a stark warning for Colombia’s oil and gas sector: the country’s proven reserves now have a useful life of less than seven years, a decline that has accelerated since 2021.
Colombia’s energy sector is once again warning that the country’s heavy tax load is eroding competitiveness and slowing investment.
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