Colombia’s oil and gas drilling activity registered modest growth during 2025, with average drilling rigs reaching 110 units between January and December, representing a 2.8% year-over-year increase according to data from the Colombian Petroleum, Gas and Energy Chamber (Campetrol).
President Gustavo Petro said that U.S. President Donald Trump expressed willingness to review the sanctions regime to permit Ecopetrol to establish commercial relationships with Venezuelan state oil company PDVSA, according to statements Petro made to Caracol Radio.
MinEnergia and the Colombian Natural Gas Association (Naturgas) reviewed progress on 20 government measures designed to guarantee sufficient gas supply, system reliability, and price stability.
Colombia’s main Pacific port Buenaventura faces operational collapse threatening national competitiveness, according to urgent warnings from the Colombian Federation of International Trade Logistics Agents (Fitac).
Ecuador confirmed a 900% increase in crude transport tariffs through the Sistema de Oleoducto Transecuatoriano (SOTE), raising rates from US$3 to US$30 per barrel effective January 23, 2026.
GeoPark CEO Felipe Bayón outlined an aggressive growth strategy following the company’s US$375 million acquisition of Frontera Energy’s Colombian assets, emphasizing the transaction represents long-term confidence in Colombia’s energy sector despite perceived risks.
Ecopetrol President Ricardo Roa confirmed the company’s Permian Basin field in Texas could be among assets under evaluation for divestment, responding to government opposition to fracking technology. The field, acquired under 2020 contracts, requires operational agreement updates and strategic decisions on future extraction.
Ecopetrol and Frontera Energy marked World Clean Energy Day with the inauguration of the new Quifa Solar Farm, incorporating 18MWp in the first quarter of 2026 and advancing Colombia’s energy transition.
Geopark announced a transformational acquisition of Frontera Energy’s entire Colombian exploration and production portfolio for US$375M cash at closing plus US$25M contingent upon achieving development milestones.
Colombia’s Constitutional Court suspended President Gustavo Petro’s economic emergency decree, halting multiple tax measures that would have significantly impacted the petroleum and mining sectors.
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