This week’s Analyst’s Desk contribution is from periodic contributor Tomás de la Calle, who brings us the checkered history of Shell’s on-again-off-again relationship with Colombia.
In 2024, Colombia experienced a sharp decline in oil and gas exploration, raising serious concerns about the country’s long-term energy security.
In a groundbreaking development, researchers at Colombia’s Universidad de Los Andes have unveiled Living Fabric, a biodegradable textile designed to clean up oil spills caused by frequent attacks on the country’s oil pipeline infrastructure.
GeoPark (NYSE: GPRK) is making bold moves to position itself as a leading oil and gas company in Latin America. At the heart of its strategy lies a major investment in human capital, specifically, by recruiting top-level executives who previously held senior roles at Colombia’s state-run oil giant, Ecopetrol (NYSE: EC).
Ecopetrol (NYSE: EC), in partnership with Invercolsa and its subsidiary Alcanos, signed an agreement with the Department of Cundinamarca to deliver natural gas to more than 220 low-income households across five municipalities in the region: Ricaurte, Fusagasugá, San Antonio de Tequendama, Silvania, and Tena.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for April 2025.
Colombia’s economy grew by 2.7% in the first quarter of 2025 compared to the same period in 2024, a result considered positive by experts. However, the performance has been uneven across sectors, with persistent concerns in oil, mining, and construction.
Colombia’s National Environmental Licensing Agency (ANLA) launched a sanctioning process against Ecopetrol for environmental violations related to its Campo Río Ceibas oil project in Huila, located in the southern part of the Andean region.
The Fuel Price Stabilization Fund (FEPC), a key instrument to buffer domestic fuel prices against international volatility, is projected to end 2025 with a deficit of CoP$3.8T, its lowest since 2020, but still a significant burden on the national budget.
Colombia’s oil industry is showing signs of serious strain, as national crude production in March 2025 fell to its lowest level since May 2022.
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