Transportadora de Gas Internacional (TGI), a subsidiary of Grupo Energía Bogotá (GEB), reported its 2Q25 results.
Ecopetrol (NYSE: EC) warned of a significant drop in production from the Permian Basin, its flagship U.S. asset that has been a key driver of the company’s results in recent years.
The president of Colombia’s oil workers’ union, Unión Sindical Obrera (USO), César Loza Arenas, called on Ecopetrol (NYSE: EC) to step up exploration of oil and gas in the country, warning that the state-owned company cannot wait until “the pot is scraped clean.”
Colombia’s economy grew 2.1% in the second quarter of 2025, but the mining and oil sectors dragged heavily on overall performance with steep declines.
Ecopetrol (NYSE: EC) confirmed that two of its key exploratory wells drilled in the first half of 2025 failed to deliver commercial hydrocarbon results.
Colombian President Gustavo Petro reignited debate over the impact of fuel subsidies on public finances, declaring that the nation’s fiscal deficit will ultimately be paid either through higher taxes or more expensive gasoline.
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