The administration of President Gustavo Petro moved to modernize how Colombia measures and certifies its oil and gas reserves.
The much-repeated claim that the world has reached its “peak fossil fuel demand” may sound reassuring, but it’s a misconception that, according to Aquiles Mercado González, Financial and Administrative Vice President of Promigas, borders on self-deception.
The Petro administration has taken another step toward reshaping Colombia’s fuel market, this time targeting the long-standing pricing formula for biofuels.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for August 2025.
Six new prior consultations have emerged as the main threat to Petrobras’ (NYSE: PBR) ambitious plan to begin natural gas production from the offshore Sirius field before 2030. The company warns that regulatory uncertainty could delay Colombia’s return to energy self-sufficiency.
GeoPark Limited (NYSE: GPRK) has taken a major step into Argentina’s world-class Vaca Muerta formation with the purchase of two key blocks from Pluspetrol for US$115M.
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