Drummond Energy is abandoning its planned regasification terminal in Ciénaga, Magdalena, to focus entirely on developing unconventional shale gas in Cesar, betting on President Abelardo De la Espriella’s fracking-friendly stance.
Colombia’s liquefied petroleum gas (LPG) user base grew from 59,000 to more than 372,000 between 2015 and 2025 — an increase of over 300,000 — with roughly 95% of those users belonging to strata 1 and 2.
Ecopetrol’s board, chaired by Luis Felipe Henao and backed by the De la Espriella government, approved a forensic audit into five major corruption scandals involving contracts and appointments, including the previously reported Termomorichal I/II and Gaxi cases and alleged interference by former first lady Verónica Alcocer and a contractor known as “el bachiller.”
The Colombian peso closed Wednesday, August 19 at CoP$3,039 to the dollar, its strongest level since 2018, with the year-to-date decline in the exchange rate now exceeding 17.5%, roughly CoP$658 less per dollar than where the year began (~CoP$3,757).
Ecopetrol confirmed it has completed acquisition of a majority stake in Brazil’s Brava Energia, executed through subsidiary Ecopetrol Investimentos do Brasil Ltda after satisfying all closing conditions and regulatory requirements.
Ecopetrol’s own board has assumed for months that Sirius, the Caribbean gas megaproject, will likely slip a year past its publicly stated 2030 start date to 2031. When did they plan to tell us?
Fitch Ratings will be watching whether Colombia’s new government succeeds in reviving hydrocarbons exploration and lifting production, according to Richard Francis, co-director of Fitch’s Latin America Sovereign Ratings group.
Montería mayor Hugo Kerguelén García met with Naturgas president Luz Stella Murgas and Surtigas general manager Jackeline Puente Alvarado to coordinate strategic projects expanding natural gas access across the city’s urban and rural areas still lacking service.
NG Energy International reported 2Q26 natural gas and NGL sales of US$10.8 million, up 14% from Q1 and up 24% year-over-year on a YTD basis, with net production of 14,222 mcfd, up 15% quarter-over-quarter.
Camilo Barco, Ecopetrol’s corporate vice president of finance, addressed the company’s lifting costs, debt levels, and the drivers behind its stronger Q2 results.
2026, Hydrocarbons Colombia, All Rights Reserved.
