Colombia’s environmental licensing authority (ANLA) has granted Ecopetrol an environmental license for the Bucare development area in Acacías, Meta, moving the project toward its production stage.
Joaquín Gutiérrez Caballero, who takes over as Ecopetrol president on September 28, opened with a warning that Colombia has reserves of just 7.4 years of oil and 5.9 years of gas, figures he called “paltry”.
Armando Cuello, Colombia’s Vice Minister of Energy, is expected to leave the ministry for a post tied to Ecopetrol’s gas business, according to an exclusive report.
Ecopetrol has received CoP$684B in overdue payments from the government’s Fuel Price Stabilization Fund (FEPC) and has named three new vice presidents.
I don’t think I’m at much risk of being fired from my own business. If my clients don’t like what I’m writing they can stop reading me or if chronic, not renew. Maybe.
Ecopetrol president Joaquín Gutiérrez Caballero traveled to Caracas on September 30 to attend the International Petroleum and Gas Congress, framing the trip as an exploratory mission rather than the start of any deal.
President Abelardo de la Espriella used Joaquín Gutiérrez’s swearing-in as Ecopetrol’s new president to lay out his own energy policy framing, going further than Gutiérrez’s own fracking pledge from the same ceremony.
Investors are taking a cautious, wait-and-see stance on Joaquín Gutiérrez’s appointment as Ecopetrol’s new CEO, a notably cooler reception than the government’s own confidence in the pick.
Ecopetrol’s newly renewed board unanimously confirmed Joaquín Gutiérrez Caballero as president without using an external headhunter, opting instead to run the search itself following the board’s complete September 15th renewal.
New Ecopetrol president Joaquín Gutiérrez Caballero used his swearing-in at La Quinta de San Pedro Alejandrino in Santa Marta to announce that the company will resume both fracking and offshore exploration.
2026, Hydrocarbons Colombia, All Rights Reserved.
