Colombia could soon unveil significant announcements about offshore gas exploration in the Caribbean Sea, according to statements by Orlando Velandia, president of the National Hydrocarbons Agency (ANH), during the XXII Colombian Oil, Gas, and Energy Congress organized by Acipet.
President Gustavo Petro reignited debate over Colombia’s energy future by suggesting Ecopetrol (NYSE: EC) should sell its stake in the Permian Basin in Texas, a joint operation with Occidental Petroleum (OXY), to redirect resources toward clean energy projects at home.
In January of 2023, I wrote an article entitled Don’t get me wrong critiquing a report by the Ministry of Energy proving that Colombia had lots of gas, enough to export in fact. How did that work out?
At the XXII Colombian Petroleum, Gas and Energy Congress, Orlando Velandia, President of the National Hydrocarbons Agency (ANH), outlined reforms aimed at unblocking suspended contracts and boosting efficiency in the oil and gas sector.
With declining domestic gas output and renewed talk of imports from Venezuela, Mónica de Greiff, Chair of Ecopetrol’s (NYSE: EC) Board of Directors, drew a clear red line: U.S. sanctions determine what Colombia’s state oil company can and cannot do.
Amid intensifying debates over Colombia’s energy transition, President Gustavo Petro renewed his call for Ecopetrol (NYSE: EC) to divest its stake in the Permian Basin oil field in Texas, operated jointly with Occidental Petroleum (OXY).
In a sharply critical column, economist Salomón Kalmanovitz warned that the Petro government is “strangling the goose that lays the golden eggs” by imposing heavy taxes on Colombia’s oil sector while simultaneously increasing public spending to historic levels.
President Gustavo Petro reaffirmed that Ecopetrol (NYSE: EC) will step into the role of natural gas importer as Colombia grapples with a widening production deficit.
President Gustavo Petro has once again reignited debate over Colombia’s dependence on fossil fuels, this time clashing with the Unión Sindical Obrera (USO), one of Ecopetrol’s most powerful unions.
Colombia’s Ministry of Mines and Energy (MinEnergia) issued Resolution 40358 of August 20, 2025, setting new guidelines for the coexistence of hydrocarbon, mining, and energy projects when partial or total overlap of areas occurs.
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