One of the most controversial decisions of the current Colombian government has been its apparent intent to move away from oil exploration, a policy critics argue contradicts the country’s economic realities and undermines the very concept of a balanced energy transition.
The Colombian Energy and Gas Regulatory Commission (CREG) is preparing a series of regulatory adjustments to ease the pressure of rising energy and gas tariffs on consumers, particularly due to growing dependence on imported natural gas.
Engineering and consulting firm Wood has secured a contract from Colombian national oil company Ecopetrol (NYSE: EC) to deliver the detailed engineering design for significant upgrades at the Barrancabermeja refinery, the country’s oldest and largest refining facility.
Colombia’s oil and gas industry continues to show signs of weakening, with April 2025 marking the lowest level of crude oil production in the past four years.
Gran Tierra Energy (TSX: GTE) announced that Peter Dey will step down from the company’s Board of Directors at the end of June 2025. According to the company’s official statement, Dey cited personal reasons for his resignation.
Despite a 17% surge in 2025, Ecopetrol’s (NYSE: EC) stock performance on the Colombian Stock Exchange (BVC) has not been enough to convince analysts to issue bullish recommendations.
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