Monday, July 21st, 2025
Admittedly not for Canacol, LNG (formerly Lewis), PetroSantander, or NG Energy whose revenues principally come from gas, but for the rest of the industry, Brent has an oversized impact on all the big strategic decisions. It is by far the principal “known unknown”.
Agremgas, Colombia’s Liquefied Petroleum Gas trade association, submitted comments on the proposed Resolution 703 001 of 2025, urging the Energy and Gas Regulatory Commission (CREG) to make key adjustments to the current purchase capacity mechanism to further formalize and strengthen the sector.
Despite a recent recovery in global oil prices, Ecopetrol’s (NYSE: EC) share price continues its downward trend, weighed down by investor concerns over government policy decisions and corporate governance at Colombia’s largest company.
Frontera Energy Corporation (TSX: FEC) announced the successful completion of its substantial issuer bid, through which the company repurchased 7,583,333 of its outstanding common shares at a price of US$12.00 per share.
Ecopetrol (NYSE: EC) successfully completed its first direct export operation of light liquid paraffin from the Barrancabermeja refinery, marking a significant step in the company’s strategy to expand its petrochemical product reach across Latin America.
The Colombian government has introduced a new regulatory requirement for liquid fuel distributors operating in ten departments identified as high-risk due to the prevalence of illicit crops.
At the close of the first half of 2025, Colombia’s oil and gas sector continues to show alarming signs of weakening, according to the latest Semáforo de la Economía (Economic Traffic Light).
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