Ecopetrol (NYSE: EC) announced the successful reactivation of the UOP II cracking unit at its Barrancabermeja refinery, following what it described as the most significant maintenance intervention in the past 30 years at this strategic facility for Colombia’s energy security.
Promigas, through its subsidiary Surtigas, entered into a strategic alliance with Petromil to launch a new 1.4 MWp solar project on Colombia’s Caribbean coast, marking another step forward in the country’s energy transition.
Ecopetrol (NYSE: EC) confirmed that it is actively exploring inorganic growth opportunities as talks with Canacol Energy (TSX: CNE) gain momentum, potentially leading to one of the most significant energy deals in Colombia in recent years.
Natural gas imports have become a major business opportunity in Colombia since the country lost energy self-sufficiency in December 2024. With limited resources to meet household demand, the government is now tracking six projects aimed at expanding import capacity, beyond the Cartagena regasification terminal that has been operating since 2016.
Colombia’s propane sector is moving to expand import capacity from the Caribbean as the country faces a tightening energy supply, revealed the Colombian Propane Association (Gasnova).
Ecopetrol’s deteriorating Net Income continues to consume (virtual) column inches in the Colombian business press. Our perhaps counter-to-the-current view has been that short-term financial performance is the wrong place to look for what might be wrong with the NOC. This week we dive deeper into the qualitative comments we made last time.
NG Energy International Corp. (TSXV: GASX) released its financial and operational results for the second quarter of 2025, highlighting both strong reserve growth and ambitious plans to expand production capacity in Colombia.
Colombia’s state-owned oil company Ecopetrol (NYSE: EC) and natural gas producer Canacol Energy (TSX: CNE) are advancing discussions that could lead to a potential acquisition.
Shell (LON: RDSB) has officially begun its withdrawal from Colombia’s hydrocarbon exploration sector, transferring its participation in three offshore contracts to Ecopetrol (NYSE: EC).
Organización Terpel closed the first half of 2025 with solid results, posting a 21.9% increase in net profit compared to the same period last year.
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