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Diesel subsidy “scam”

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.

Wednesday, February 5th, 2025
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Rig count in 2024

Rig count in 2024

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

Tuesday, February 4th, 2025
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ECP’s 1P reserves expected to decline

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.

Tuesday, February 4th, 2025
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Brent price resolution

The National Hydrocarbons Agency (ANH) issued Resolution No. R4D1C4D0_1 of R4D1C4D0_2, establishing the international average price of Brent crude for 2024 and the table of monthly average price percentiles.

Tuesday, February 4th, 2025
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ECP to continue in Permian

Ecopetrol (NYSE: EC) and Occidental Petroleum ((NYSE: OXY) announced an agreement to extend their development plan for the Midland sub-basin in the Permian Basin, Texas.

Tuesday, February 4th, 2025
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Fuel prices increased

Fuel prices increased

The Ministry of Mines and Energy (MinEnergia) announced a new increase in gasoline prices. Here are the details.

Monday, February 3rd, 2025
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Pearl comments

Frank Pearl, President of the Colombian Association of Oil and Gas (ACP), talked about the recent diplomatic crisis between the US and Colombia.

Monday, February 3rd, 2025
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Investment concerns about “Catatumbo taxes”

The Colombian government announced three new temporary taxes on petroleum, gas, and gambling exports as part of the measures introduced under the recently declared state of internal emergency. This decision raised concerns among economic sectors, particularly within the oil and gas industry, over its potential impact on investment and sector stability.

Monday, February 3rd, 2025
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ANH proposes contract changes for a Just Energy Transition

The National Hydrocarbons Agency (ANH) published a draft agreement entitled “Measures to promote compliance and normalization of current hydrocarbons contracts and agreements in the context of a Just Energy Transition.”

Monday, February 3rd, 2025
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Peace Process: “From Total Peace to Total War”

January ended with the above quote from the ELN’s supreme commander, alias Antonio Garcia. That’s how the second half of the month felt with over 100 casualties in Catatumbo and over 50,000 civilians displaced by the fighting.

Monday, February 3rd, 2025
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