President Gustavo Petro said that U.S. President Donald Trump expressed willingness to review the sanctions regime to permit Ecopetrol to establish commercial relationships with Venezuelan state oil company PDVSA, according to statements Petro made to Caracol Radio.
MinEnergia and the Colombian Natural Gas Association (Naturgas) reviewed progress on 20 government measures designed to guarantee sufficient gas supply, system reliability, and price stability.
Colombia’s main Pacific port Buenaventura faces operational collapse threatening national competitiveness, according to urgent warnings from the Colombian Federation of International Trade Logistics Agents (Fitac).
Ecuador confirmed a 900% increase in crude transport tariffs through the Sistema de Oleoducto Transecuatoriano (SOTE), raising rates from US$3 to US$30 per barrel effective January 23, 2026.
GeoPark CEO Felipe Bayón outlined an aggressive growth strategy following the company’s US$375 million acquisition of Frontera Energy’s Colombian assets, emphasizing the transaction represents long-term confidence in Colombia’s energy sector despite perceived risks.
Ecopetrol President Ricardo Roa confirmed the company’s Permian Basin field in Texas could be among assets under evaluation for divestment, responding to government opposition to fracking technology. The field, acquired under 2020 contracts, requires operational agreement updates and strategic decisions on future extraction.
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