News and AnalysIs for

Colombia’s oil and gas industry continues to show signs of weakening, with April 2025 marking the lowest level of crude oil production in the past four years.

Gran Tierra Energy (TSX: GTE) announced that Peter Dey will step down from the company’s Board of Directors at the end of June 2025. According to the company’s official statement, Dey cited personal reasons for his resignation.

Despite a 17% surge in 2025, Ecopetrol’s (NYSE: EC) stock performance on the Colombian Stock Exchange (BVC) has not been enough to convince analysts to issue bullish recommendations.

Monómeros, the Colombian-Venezuelan fertilizer producer based in Barranquilla, faces a new wave of uncertainty as its operating license, granted by the US Treasury Department’s Office of Foreign Assets Control (OFAC), may not be renewed at the end of this month.

A sharp decline in Ecopetrol’s (NYSE: EC) contributions to the Colombian government is anticipated over the next few years, according to projections outlined in the recently published Medium-Term Fiscal Framework (MFMP).

Colombia’s National Planning Department (DNP) unveiled a comprehensive strategy to improve oversight and transparency in the use of royalties; public funds derived from the extraction of non-renewable resources like oil and minerals.

Fedesarrollo warned of growing fiscal pressure amid rising import costs and shrinking domestic reserves.

Colombian President Gustavo Petro has instructed the Board of Directors of Ecopetrol (NYSE: EC) to begin reviewing and implementing changes to the company’s bylaws that would allow current Minister of Mines and Energy (MinEnergia), Edwin Palma, to take over as CEO of the state oil company, replacing Ricardo Roa.

Gas supply continues to fall while gas demand rises. The obvious consequence is that imports rise and thus the average cost of gas. The Petro government has even stopped saying that everything is under control or threatening to fine E&Ps that “waste” gas. Where did it go?

As Colombia’s fossil fuel production declines amid lower global prices and a national policy shift away from extractive industries, critical questions emerge about the future of royalties, the backbone of regional development in many parts of the country.