The Unión Sindical Obrera (USO), one of Colombia’s most powerful oil workers’ unions, is facing mounting internal tensions after its president, César Loza, openly suggested that Colombia should resume fracking to safeguard energy self-sufficiency.
The future of Colombia’s hydrocarbon sector hinges on addressing falling reserves and accelerating the development of both conventional and unconventional resources, according to Óscar Ferney Rincón, Director of the Colombian Association of Petroleum Engineers (Acipet).
Frank Pearl, President of the Colombian Oil and Gas Association (ACP), called for strengthening and expanding the Work for Taxes mechanism, arguing that while the tool has delivered tangible results in conflict-affected regions, it remains underutilized and far below its potential.
Colombia’s Ministry of Mines and Energy (MinEnergia), led by Minister Edwin Palma, launched the public call for the Production Incentive 2025.
…but we think about them anyway.
Colombia’s economy grew 2.1% in the second quarter of 2025, but the mining and oil sectors dragged heavily on overall performance with steep declines.
Martha Villarreal Pava, President of the Board of Directors at the Colombian Association of Petroleum Engineers (Acipet), called for a pragmatic approach to the nation’s energy debate, stressing that “without hydrocarbons, there is no possible energy transition.”
Ecopetrol (NYSE: EC) has once again contradicted President Gustavo Petro’s claims that the government’s massive fuel subsidy bill is responsible for Colombia’s fiscal deficit.
In an increasingly uncertain global energy landscape, South America is emerging as the hottest frontier for oil exploration and production.
Despite ongoing local and global uncertainty, Colombia’s economy continues to show encouraging signs of recovery.
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