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Canacol Energy has been thrust into the spotlight as a fraud investigation unfolds, involving the multinational company and its subcontractor Petropolar Sucursal Colombia. Canacol vigorously defends itself, saying that it was a victim of Petropolar.

Primax, one of Colombia’s key energy companies, faced significant hurdles this year, primarily driven by climate-related and logistical issues.

At the beginning of October, the oil and gas industry held its annual three-day summit, this time in Cartagena. Overlapping slightly, the Petro government also held a three-day summit called Feria de las Economias para la Vida (Economies for Life Fair) or FEV. The President and the Minister of Energy at least seemed to position it as the opposite of the Oil and Gas Summit.

The Colombian Association of Large Energy Consumers (Asoenergía) issued a stark warning regarding the significant risks industries face from the ongoing challenges in the gas sector.

A recent report from ANIF, Colombia’s economic research center, highlighted that the country’s current gas reserves will only meet domestic demand for about five more years.

Ricardo Roa, President of Ecopetrol (NYSE: EC), recently confirmed that the company is actively incorporating artificial intelligence (AI) into its operations, responding to a call from Colombian President Gustavo Petro to embrace the technology.

Ecopetrol (NYSE: EC) has become a driving force for regional development through its focus on sustainability and social responsibility.

Luz Stella Murgas, President of the National Association of Natural Gas (Naturgas), issued a stark warning.

Following a recent meeting, Colombia’s governors, organized under the National Federation of Departments (FND), called on the national government to review the new formula for the General System of Royalties (SGR) budget for the 2025-2026 period.

The Inspector General’s Office (PGN) requested that the National Environmental Licensing Agency (ANLA) lift the suspension of the environmental licensing process for the Komodo-X1 offshore hydrocarbon exploration drilling project, located in the COL-1 block of the Caribbean Sea.