Oil and gas investment in Colombia is set to decline by 10% in 2025 due to lower Brent crude prices and an increased withholding tax on natural gas companies, according to the Colombian Petroleum and Gas Association (ACP).
Ecopetrol (NYSE: EC) stands as a cornerstone of the nation’s economy, contributing significantly to its Gross Domestic Product (GDP) and government revenues.
Ecopetrol (NYSE: EC) is pushing ahead with offshore gas exploration in the Caribbean, even after global energy giant Shell (LON: RDSB) withdrew from three key maritime blocks.
Colombia’s Superintendency of Public Services (Superservicios) has once again raised concerns over what it calls an unjustified increase in natural gas tariffs, which began in December 2024.
Despite holding considerable oil reserves, Latin America is approaching a critical threshold that demands immediate action to secure its energy future.
Following the release of its official 2024 report on oil and gas reserves, Colombia’s National Hydrocarbons Agency (ANH) hosted a public presentation from Bogotá to share key findings.
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