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Decree to increase diesel prices

Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, officially signed a decree to raise the price of diesel for large consumers.

Thursday, June 27th, 2024
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Oil reserves race in Latin America

Global oil majors are making record investments in the search for new oil reserves in Latin America.

Thursday, June 27th, 2024
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Export of solid asphalt

Ecopetrol (NYSE: EC) announced the successful export of its first 2,500 tons of solid asphalt to South America, Central America, and the Caribbean.

Thursday, June 27th, 2024
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Tourism surpassing coal?

Tourism surpassing coal?

The research team at Banco de Bogotá predicts that tourism will become Colombia’s third-largest generator of foreign exchange by the end of 2024.

Wednesday, June 26th, 2024
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Fate of anti-fracking bill

The debate over fracking in Colombia has once again hit a stalemate as the Fourth Chamber Commission of the House of Representatives recently sank Bill 413, which aimed to ban fracking and unconventional oil development in the country.

Wednesday, June 26th, 2024
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Ecopetrol secures major loan

Ecopetrol (NYSE: EC) announced via the Superintendent of Finance that it has received authorization from the Ministry of Finance (MinHacienda) to secure an internal loan with local banks.

Wednesday, June 26th, 2024
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Projects to expand gas service

The Mining-Energy Planning Unit (UPME) announced the approval of new projects aimed at expanding the availability of natural gas service across Colombia.

Wednesday, June 26th, 2024
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Drilling of Uchuva-2 well

Drilling of Uchuva-2 well

Ecopetrol (NYSE: EC) and Petrobras (NYSE: PBR) announced the initiation of drilling for the Uchuva-2 well in the Tayrona Block, located in the Caribbean waters of Colombia.

Tuesday, June 25th, 2024
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New energy Minister?

In recent days, President Gustavo Petro announced a significant cabinet reshuffle, potentially affecting nearly half of his ministers.

Tuesday, June 25th, 2024
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New rules for terminating hydrocarbon contracts

The President of the National Hydrocarbons Agency (ANH), Orlando Velandia, provided insights about the updated process allowing companies to cancel oil and gas contracts or return their areas to the State due to environmental restrictions.

Tuesday, June 25th, 2024
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