Ecopetrol (NYSE: EC) has taken a strategic step to strengthen the country’s natural gas supply amid shortages and rising service costs.
President Gustavo Petro announced that Ecopetrol (NYSE: EC) will take charge of gas imports and purchase supplies from Qatar at “reasonable prices” in response to rising energy tariffs in Colombia.
The oil market in 2025 started on a rollercoaster of price fluctuations. In a global scenario marked by uncertainty, factors such as China’s economic slowdown, increased production from non-OPEC+ countries, and new US sanctions on Russia’s energy industry have caused abrupt movements in oil prices.
Amat Zuluaga, Director of the Energy Transition Observatory of the Caribbean OTEC – Universidad Areandina, wrote an opinion article about the Sirius well situation.
President Gustavo Petro recently proposed the creation of a new department in the Magdalena Medio region, arguing that consolidating the area into a single administrative entity would encourage investment and development.
In one of the most challenging legislative periods in recent history, the Colombian government is once again attempting to pass a law banning fracking.
US President Donald Trump has taken one of the most decisive actions yet against Nicolás Maduro’s regime, revoking key oil licenses that had been granted under Joe Biden’s administration.
President Gustavo Petro recently spoke to the Colombian tourism association, ANATO, and he told them that tourism now brought more dollars to the country than coal exports. Given the president’s predilection for exaggeration, we thought we should check his figures. He is probably right about the numbers but his explanation is off (we think).
As soon as Colombia’s gas tariff crisis erupted, the Energy and Gas Regulatory Commission (CREG) issued Resolution 102 015, aimed at providing flexibility in contracts between producers and marketers starting in June 2025.
The resignation of Andrés Camacho as Colombia’s Minister of Mines and Energy (MinEnergia) marks another shift in the administration of President Gustavo Petro.
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