Ecopetrol published its 2024 results on March 14th – almost the Ides of March – showing yet another decline in earnings (nearly 8%). The Colombian press was full of “sturm und drang” about the sorry state of the National Treasure and anticipating a rocky time at the upcoming shareholders’ general assembly over the lowered dividend. Much as we criticize the NOC strategically, we do not find this financial handwringing entirely fair.
Energy issues are becoming increasingly relevant, extending beyond discussions on economics, public policy, or tourism. Oil, gas, and minerals are now central topics not only at a national level but also internationally. A recent study by Global Petrol Prices highlights the countries with the highest gasoline prices in 2025, revealing striking disparities.
Fitch Ratings has downgraded Ecopetrol’s outlook from stable to negative, aligning it with Colombia’s sovereign rating review.
The Ministry of Mines and Energy (MinEnergia) published a draft resolution aiming to amend Decree 1073 of 2015 by incorporating regulations from Law 2045 of 2020.
The natural gas sector in Colombia is facing a critical juncture. Luz Stella Murgas, President of the Colombian Natural Gas Association (Naturgas) talked about this situation,
The annual CERAWeek conference, widely regarded as the most important global energy sector gathering, took place last week in Houston, Texas. This year’s event saw an unprecedented number of attendees, including executives from leading energy companies and over 10,000 delegates.
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