The Colombian government ruled out launching new rounds of offshore gas exploration, despite the region’s strategic importance for energy security.
The Gibraltar field, operated by Ecopetrol (NYSE: EC) in Norte de Santander, is facing a critical situation that could diminish the role of one of Colombia’s most strategic assets for national energy security.
Aquiles Mercado, Vice President of Finance and Administration at Promigas, raised a stark warning: Colombia’s energy transition risks becoming a cautionary tale of neglecting existing resources in pursuit of an idealized “green” future.
There is a lot happening in the industry and whenever members get together there is lots to discuss. What do they talk about?
As widely anticipated, Ecopetrol’s offshore Komodo-1 well in the Colombian Caribbean will not be drilled in 2026, despite having regained its environmental license at the end of 2024.
Colombia’s natural gas industry is preparing a significant boost in investment for 2025.
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