News and AnalysIs for

The administration of President Gustavo Petro is finalizing the details of its new tax reform, which will soon be presented to Congress.

The 21st Colombian Congress on Petroleum, Gas, and Energy, organized by Acipet, kicked off in Barranquilla with a strong message: energy policy decisions must be based on data and thorough evaluation.

The natural gas industry is implementing various initiatives to reduce its environmental footprint.

Latin America’s share in the global oil export market is expected to increase by 3% by the end of the decade, with countries like Brazil, Argentina, and Guyana driving this growth. In contrast, Colombia’s position in the regional oil market could decline, according to Rystad Energy’s projections.

In response to the investigation launched by Colombia’s Attorney General Office regarding alleged irregularities in a contract with Canacol (TSX: CNE), EPM’s General Manager, Jhon Maya Salazar, confirmed that the company is fully cooperating with the investigation.

Ecopetrol (NYSE: EC) is taking bold steps to lead Colombia’s energy transition by integrating its businesses across hydrocarbons, renewable energy, and infrastructure.

In Colombia, natural gas is emerging as a central component of regional development strategies, particularly in gas-producing departments like Córdoba.

Ecopetrol’s Net Income decline in 2Q24 attracted much negative commentary. While we worry about the NOC’s medium and long term performance, this was not a great quarter for anyone from a Net Income perspective while operating results were as expected.

Ecopetrol (NYSE: EC) announced significant operational disruptions caused by a series of recent events, including the ongoing truckers’ strike, attacks on critical oil pipelines, and the takeover of a key gas plant.

The Ministry of Environment (MinAmbiente) expressed its support for an initiative led by social organizations and communities to prohibit fracking and unconventional oil and gas extraction in the country.