Latest News

Petro orders Ecopetrol to source natural gas from Qatar

By The City Paper Staff - March 11, 2025

Colombian President Gustavo Petro has called for diversifying natural gas imports, ordering state-owned Ecopetrol to source from Qatar in order to reduce costs and end reliance on the U.S. His proposal comes with rising gas prices, inflation concerns, and a significant new gas discovery off Colombia’s coast.

“The coup has begun”: Petro responds as CNE opens probe into 2022 campaign financing

By The City Paper Staff - October 8, 2024

Colombia’s National Election Council (CNE) has opened an investigation into President Gustavo Petro and his former campaign manager Ricardo Roa over alleged campaign finance violations in 2022. Petro claims a “coup has begun” to oust him from office.

Colombian Court halts Uchuva-2 gas well raising concerns over energy security

By The City Paper Staff - September 16, 2024

A Colombian court has ordered the suspension of operations at the Uchuva-2 offshore natural gas well in the Caribbean. The Uchuva-2, part of the Tayrona block, is critical for Colombia’s energy security.

Colombia’s Jet Fuel shortage leads to widespread flight cancellations

By The City Paper Staff - August 26, 2024

Colombia faces widespread flight cancellations as a jet fuel shortage, triggered by a refinery failure, impacts major airports across the country. Ecopetrol announced addtional A1 supplies will be delivered to aiports nationwide.

Colombia’s Ecopetrol profits dive during first half of 2024

By The City Paper Staff - August 14, 2024

Ecopetrol’s profits fell by 24% in the first half of 2024 due to lower oil prices and unfavorable exchange rates, marking the third consecutive quarter of declining earnings. The company is exploring strategic options amid domestic and global challenges, including potential natural gas imports from Venezuela.

Is Putin pushing Venezuela’s Maduro to war with Guyana?

By Martin Holland - December 6, 2023

A geopolitical storm is brewing, propelled by Venezuela’s authoritarian leader, Nicolás Maduro. The disputed Essequibo territory, a longstanding flashpoint between Venezuela and Guyana, now has two proxies: Russia and Colombia.

Colombia’s Ecopetrol anticipates production rise in 2023 as profits dive

By The City Paper Staff - November 8, 2023

Colombia’s Ecopetrol anticipates a boost in oil production for 2023 despite a sharp drop of near 47% in net profits. The energy giant is looking to diversify its alternative, low-emissions portfolio.