News and AnalysIs for

Colombia’s liquefied petroleum gas (LPG aka propane) sector is heading into a structural supply gap, and a new Cartagena terminal is positioning itself as the primary solution

Ecopetrol closed 2025 with a reserve replacement index of 1.21 – meaning it added 1.21 equivalent barrels to its proven reserves for every equivalent barrel it produced during the year. Against annual production of 248 million equivalent barrels, the company incorporated 300 million equivalent barrels of new proven reserves, a result the Asociación Colombiana de Ingenieros de Petróleos (Acipet) characterized as positive for the state oil company.

Colombia’s Superintendencia de Industria y Comercio (Superindustria) has announced it is analyzing a request related to a business integration between Ecopetrol and Parex Resources Colombia, citing the need to assess the impact on free market competition.

Parex Resources Colombia used an article in El Espectador to mark its track record under Colombia’s Works for Taxes mechanism — the scheme that allows companies to redirect a portion of their income tax obligations directly into public infrastructure projects in historically underserved regions.

The Unión Sindical Obrera issued a communiqué on May 30 calling on Colombians — and oil and gas workers in particular — to vote in the presidential election with the country’s energy future as their primary consideration.

President Gustavo Petro summoned three Ecopetrol board members — Hildebrando Vélez, Alberto José Merlano, and board chair Ángela María Robledo — to the Casa de Nariño on June 1, according to sources speaking to Valora Analitik.

Colombia’s main oil sector union, the Unión Sindical Obrera (USO), launched a 24-hour work stoppage at Ecopetrol on June 2, citing what it described as a complete breakdown in negotiations over a new collective labor agreement.

Colombia’s Superintendencia de Sociedades has authorized the creation of priority liens on a portion of Canacol Energy’s Colombian assets, giving the company a formal legal instrument to use those assets as collateral within its ongoing restructuring process.

The National Hydrocarbons Agency (ANH) conducted a technical field inspection of Canacol Energy’s Esperanza, VIM-5, VIM-21, and VIM-44 blocks — including the Jobo and Clarinete stations — verifying investment levels, regulatory compliance, and performance against the company’s exploration and production contracts.

Nini Johanna Castañeda, acting superintendent of Superintendencia de Sociedades, told Valora Analitik in an exclusive interview on June 1 that Canacol Energy has halted its bid to terminate gas supply contracts through the Canadian restructuring process — at least for now.