News and AnalysIs for

Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures as of May 2024. Here are the details.

Ricardo Roa, President of Ecopetrol (NYSE: EC), brought forward the question of importing gas to address Colombia’s future energy needs.

Manuel Buitrago, President and Country Manager of Gran Tierra Energy in Colombia outlined crucial steps for successfully developing oil and gas exploration and production projects in the Putumayo department.

Terpel officially sold its businesses in Peru and Ecuador.

President Gustavo Petro announced upcoming changes to his ministerial cabinet, with at least seven ministries expected to see new leadership in the coming days. Among these is the Ministry of Energy and Mines, currently led by Andrés Camacho.

Former Ecopetrol president Felipe Bayón expressed serious concerns about Colombia’s energy future, emphasizing the need for energy sovereignty and the potential risks of current governmental policies.

Hocol successfully completed an infrastructure project impacting three segments of the road connecting Chaparral and Ataco, two municipalities in Tolima.

It was reported that Ricardo Roa Barragán, the President of Ecopetrol, has been the target of death threats.

Well maybe not as bad as last month, but bad. More news items than we have ever seen (not a good sign by itself) and all topics trending down. Only good news out of the Segunda Marquetalia negotiations gave any positive glimmers.

The average global price of gasoline has reached US$4.94 per gallon, but prices vary significantly across Latin America due to a range of factors, primarily taxes and subsidies.