While still not yet official, Abelardo de la Espriella won Colombia’s June 21 presidential runoff with 12,949,162 votes against Iván Cepeda’s 12,701,546, a margin of 250,830 votes and 0.95 percentage points, the narrowest gap in percentage terms since the second-round system was introduced in 1994. Cepeda has now conceded defeat.
Two of Colombia’s most prominent oil and gas industry associations moved quickly after the June 21 second-round result to signal institutional alignment with president-elect Abelardo de la Espriella.
Ecopetrol and Germany’s development cooperation agency GIZ signed an agreement on June 19 to conduct feasibility and engineering studies for a Power-to-Liquid pilot plant at the Cartagena refinery, aimed at producing e-SAF — electronic Sustainable Aviation Fuel — from green hydrogen.
Calgary-based Arrow Exploration Corp. reported average production of 4,715 boed for the first quarter of 2026, a 15% increase over the same period in 2025 and 19% above Q4 2025, driven primarily by additional volumes from the Mateguafa Attic field in the Tapir block.
S&P Global Ratings affirmed Ecopetrol’s global issuer credit rating at BB- with a stable outlook on June 16, while also confirming the company’s stand-alone credit profile (SACP) at bb+.
Ecopetrol’s research arm, the Colombian Institute of Petroleum and Energy Transition (ICPET), has launched a new operating model built around “technology suites” dedicated to water conservation, decarbonization, and nature-based solutions, marking a significant expansion of its experimental infrastructure at the El Chircal eco-reserve in Piedecuesta, Santander.
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