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Natural gas production was down again in December of 2024, according to the figures posted on the ANH’s website.

The Colombian government’s push to sell Ecopetrol’s (NYSE: EC) stake in the Permian Basin (Texas, USA), where it operates in partnership with oil giant Occidental Petroleum (NYSE: OXY), has triggered warnings from multiple stakeholders, including Citi, labor unions, and industry associations.

The Energy and Gas Regulatory Commission (CREG) issued a draft resolution aimed at facilitating the transportation of natural gas by utilizing underused or soon-to-be decommissioned infrastructure.

In a recent update on the energy sector, Grupo Santander upgraded Ecopetrol’s (NYSE: EC) rating from neutral to outperform.

Crude oil production was down slightly in December of 2024, according to the figures posted on the ANH’s website.

Colombian President Gustavo Petro has once again expressed his strong opposition to fracking, this time urging the sale of Ecopetrol’s (NYSE: EC) operations in the Permian Basin, Texas.

During Colombia’s energy uncertainty, the ultra-deepwater Komodo-1 project emerged as a potential solution to expand the country’s oil and gas reserves. However, Ecopetrol (NYSE: EC) and Anadarko are increasingly pessimistic about the feasibility of exploration and production any time soon.

In the ongoing debate over Colombia’s energy industry and diesel subsidies, a significant concern has emerged regarding the potential misuse of government aid for this fuel.

The Colombian Chamber of Goods and Services (Campetrol) reported rig information for December 2024.

A recent study by Grupo Bancolombia projects a 4.6% decrease in Ecopetrol’s (NYSE: EC) proven reserves by the end of 2024, citing limited efficiency gains.