While IATA Director General Willie Walsh warned that disappointing progress in Sustainable Aviation Fuel (SAF) production threatens the airline industry’s environmental goals, Colombia emerges as a potentially crucial player to address the global supply shortage.
President Gustavo Petro defended his government’s economic achievements while directly attributing Ecopetrol’s declining profits to the state oil company’s failure to adopt the energy transition he advocates.
Ecopetrol faces mounting production costs as natural field decline in Colombia combines with insufficient incorporation of new projects, reducing profitability per barrel and increasing exposure to international oil price volatility.
Colombia’s exports totaled US$4.3B FOB in October 2025, declining 0.2% compared to October 2024, breaking the positive trend from September when the country reached its highest export value of the year, according to DANE.
Ecopetrol achieved a milestone by conducting its first petrochemical export through the Port of Buenaventura on December 1, 2025.
SLB (formerly Schlumberger), one of the world’s largest oilfield services companies, is revolutionizing hydrocarbon exploration in Colombia through artificial intelligence applications that dramatically improve drilling precision and operational efficiency.
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