Colombian President Gustavo Petro announced potential sanctions against gas intermediary companies, accusing them of diverting residential gas supplies to more lucrative thermoelectric generation. His remarks follow a Fedesarrollo study warning of steep increases in gas tariffs due to rising import dependency.
At a time when Ecopetrol’s (NYSE: EC) profits are declining and the possibility of importing Venezuelan gas remains uncertain, PDVSA Colombia has not only received millions from Colombia’s state oil company but is now asking for even more.
As Colombia grapples with mounting fiscal pressure in early 2025, the drop in international oil prices has delivered a surprising benefit: it is helping stabilize the country’s fuel subsidy fund and alleviating some fiscal burdens for 2026. However, the picture is more nuanced than it appears.
A wave of violent incidents in the Quifa oil field, located in Puerto Triunfo, Meta, sparked alarm across Colombia’s energy sector.
Ecopetrol launched a new Produced Water Treatment System (STAP) in the Acacías Station, with a capacity to process 120,000 barrels of water per day.
In Colombia, every gallon of fuel powering vehicles contains a 10% agro-industrial contribution, ethanol derived from sugarcane or biodiesel made from raw palm oil. This mix, deeply rooted in the country’s agriculture and industry, has become a key component of Colombia’s energy landscape, helping to reduce emissions and create jobs.
The Colombian oil and gas industry is sounding the alarm over a sharp escalation in violent attacks targeting critical energy infrastructure.
We used to think that the Petro government and its Ecopetrol leadership were no more subject to scandals than any other Colombian government we have observed at close range. They’re not. They’re definitely worse. What implications (if any) for the industry, and those doing business with Ecopetrol?
A controversial shift may be occurring in Colombia’s fuel subsidy system: experts claim that gasoline users are now indirectly subsidizing diesel consumers. This claim comes amid the Petro administration’s gradual dismantling of the fuel subsidy scheme that once cushioned consumers from global price fluctuations.
GeoPark Limited (NYSE: GPRK) announced that Phoenix Global Resources has chosen to withdraw from a previously agreed transaction involving a non-operated interest in four unconventional blocks in Argentina’s Vaca Muerta formation. As a result, GeoPark will not complete the acquisition.
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