With less than a month until his August 7th inauguration, president-elect Abelardo de la Espriella’s economic team completed a high-level Washington mission on July 15th, securing a concrete output from its IDB meeting: the launch of “Colombia Crece,” a joint investment attraction strategy embedded within the IDB Group’s regional LAC Crece initiative.
Writing in Portafolio, Sylvia Escovar – former president of Terpel and current chair of the GeoPark board – published a pointed opinion piece framing the question of who leads Ecopetrol not as a personnel decision but as an institutional one with consequences for the entire country.
The Canacol-Cerro Matoso dispute has entered a new phase, with court-appointed monitor KPMG formally intervening to contest the ferronickel producer’s characterization of the gas supply restrictions, while simultaneously urging both parties to reach a commercially viable new contract before the situation escalates further.
The Alberta court’s June 24th authorization for Canacol to void its gas contracts has generated a widening circle of sector responses that go beyond the immediate Cerro Matoso crisis, touching distribution companies, the coal sector, industrial associations, and legal scholars, all of whom converged on a single point: the decisive chapter will be written not in Calgary but in Bogotá.
Two concurrent market developments are repositioning liquefied petroleum gas (LPG) as a strategic energy alternative in Colombia and both are being driven by the same underlying force: the accelerating collapse of domestic natural gas supply at a moment when imported gas is becoming too expensive for the country’s interior regions to absorb.
Parex Resources reported a 2Q26 average production of 54,090 boed on July 6th, a figure that understates the company’s transformed scale because it blends two months of pre-acquisition operations with a June that was fundamentally different.
Alcindo Moritz, president of Petrobras Colombia, used a La República interview to lay out the most detailed public timeline yet for the Sirius offshore gas megaproject — and to deliver a pointed assessment of what Colombia’s new government must do to prevent the current gas crisis from deepening further.
Ecopetrol has temporarily suspended the contracting process for shutdown and maintenance services at its Barrancabermeja and Cartagena refineries — a procurement worth approximately US$700M — following a corruption scandal that combined an anonymous bribery complaint sent to board members in May with two internal memos from senior refinery officials demanding the process be frozen before the government handover.
As might have been expected, we got complaints about using the SuperSociedades data in yesterday’s chart. Today we try to be a bit more rigorous.
The Colombian Oil and Gas Association (ACP) issued a formal warning on July 1 that a work stoppage at Puerto Gaitán, Meta — now exceeding 25 days — is causing escalating damage to employment, regional economic activity, contractor supply chains, and the execution of strategic infrastructure projects across the hydrocarbons sector.
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