Colombia’s Constitutional Court suspended President Gustavo Petro’s economic emergency decree, halting multiple tax measures that would have significantly impacted the petroleum and mining sectors.
Mónica de Greiff, former president of Ecopetrol’s Board of Directors, explained in an extensive Revista Semana interview the circumstances surrounding her October 2025 resignation after initially attempting to resign in May 2025.
The US Department of Treasury’s Office of Foreign Assets Control (OFAC) issued General License 46 on January 29, authorizing established US entities to engage in Venezuelan oil sector activities including “lifting, exportation, reexportation, sale, resale, supply, storage, marketing, purchase, delivery, or transportation of Venezuelan-origin oil, including the refining of such oil,” subject to strict conditions.
Colombia’s Environment and Sustainable Development Ministry has opened a public consultation to define the roadmap for implementing the Escazú Agreement, aiming to strengthen environmental democracy and guarantee rights to information, public participation, and environmental justice.
Ecuador’s decision to raise crude transport tariffs through its Trans-Ecuadorian Pipeline System (SOTE) from US$3 to US$30 per barrel—a 900% increase—has forced Colombian oil companies to evaluate costly alternatives for evacuating production from southern Putumayo department.
Guyana’s petroleum boom transformed the South American nation of 800,000 inhabitants into the world’s largest per capita oil producer and Latin America’s fastest-growing economy.
Pablo Yesid Fajardo Benítez has been nominated to replace Orlando Velandia as president of Colombia’s National Hydrocarbons Agency (ANH), following Velandia’s resignation.
Venezuela’s National Assembly approved initial legislation Thursday reforming the country’s hydrocarbon law to attract foreign investment following Delcy Rodríguez’s assumption of power after U.S. forces deposed Nicolás Maduro on January 3.
Foreign direct investment (FDI) in Colombia totaled US$9.174 billion in 2025, representing a 14.1% decline from US$10.682 billion in 2024, according to Banco de la República data.
Ecuador announced plans to increase tariffs for transporting Colombian crude oil through its OCP pipeline, escalating commercial tensions between the neighboring Andean nations. E&Ps operating in the Putumayo use the OCP to get their crude to export.
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