Colombie

Bomb attack halts operations on Colombia’s Caño Limón-Coveñas oil pipeline

An explosion caused by a homemade explosive device in northeastern Colombia has forced Cenit, a subsidiary of Ecopetrol, to temporarily suspend operations on the strategic Caño Limón-Coveñas pipeline, crucial to the country's oil supply.

Colombia: Perenco accused of funding a paramilitary group between 1997 and 2005

The Colombian prosecutor’s office has seized two offices belonging to the oil company Perenco in Bogotá. The company is accused of financing the United Self-Defense Forces of Colombia (AUC) in exchange for security services between 1997 and 2005.

MPC Energy Solutions sells its stake in the Planeta Rica solar project in Colombia

MPC Energy Solutions has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The transaction is expected to close by the end of 2025.
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Latin America’s six largest economies accelerate transition to renewables

Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.

Ecopetrol acquires Wind Autogeneración and restarts Windpeshi wind project

Ecopetrol S.A. finalises the acquisition of Wind Autogeneración from Enel S.A.S., thereby taking over the Windpeshi wind project in Colombia, with a planned capacity of 205 MW, aimed at the Colombian oil group's energy self-consumption.

Colombian Carbon Market Under Pressure: Excess Credits and Waning Confidence

Colombia is experiencing a significant drop in voluntary carbon credit prices due to a major oversupply, destabilizing the financial balance of associated communities and projects.
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Global Oil Exploration Investments Decline, a First Since 2020

Oil companies may reduce their exploration and production budgets in 2025, driven by geopolitical tensions and financial caution, according to a new report by U.S. banking group JP Morgan.

Ecopetrol obtains authorization to expand its sustainable bond issuance program

The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.

S&P downgrades Ecopetrol to BB, Moody’s maintains Ba1 rating

S&P Global Ratings lowers Ecopetrol's global rating to BB following Colombia's sovereign downgrade, while Moody’s Investors Service confirms the group's Ba1 rating with a stable outlook.
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Port-au-Prince plunged into darkness after forced shutdown of hydroelectric plant

Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.

Ecopetrol acquires 45% of Repsol in block CPO-09 for 41 million barrels

Ecopetrol finalizes the purchase of Repsol's 45% stake in the CPO-09 oil block, adding 41 million barrels to its reserves and strengthening its strategic position in the Llanos Orientales basin.

The Ecuadorian government takes over management of the OCP pipeline for six months

Ecuador has transferred management of the OCP pipeline to the state for an interim period of six months following the expiration of the contract with OCP Ecuador. A new tender will soon be launched to determine its future operation.
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Ecopetrol: A Record Budget of 28 Trillion Pesos for 2025

The Colombian group Ecopetrol announces a historic investment for 2025, aiming to strengthen oil production, accelerate the energy transition, and improve infrastructure while pursuing its sustainability goals.

Ecopetrol optimizes its debt management with an early repayment of USD 500 million

Ecopetrol S.A. makes an early repayment of USD 500 million on an international loan, strengthening its financial position and reducing long-term interest expenses.

Massive Gas Discovery in Colombia: A Turning Point for Energy Reserves

The discovery of a vast natural gas deposit in the Colombian Caribbean could double the country's energy reserves, according to Ecopetrol and Petrobras.
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Zelestra inaugurates a $200 million solar park to support Colombia’s energy transition.

The Spanish company Zelestra opens a 144 MW solar park in Colombia, marking a significant milestone in its Latin American strategy and contributing to the country's decarbonation objectives.

Five emerging countries dominate the voluntary carbon credits market

Colombia, Kenya, Cambodia, Mexico and Peru are the leaders in the voluntary carbon credit market, thanks to regulatory advances and investor-friendly policies.

Colombia: More LNG to be imported in September 2024 in the face of falling water levels

In September 2024, Colombia recorded a significant increase in LNG imports to supply its thermal power plants, in response to falling water levels in its dams.
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Limited increase in US LNG exports to Latin America in August

Exports of liquefied natural gas (LNG) from the United States to Latin America and the Caribbean rose slightly by 7% in August, with flows varying from country to country.

Colombia: NG Energy commissions 28.3 km pipeline

NG Energy, in partnership with INFRAES and Kronos, commissions a strategic 28.3 km pipeline on the Sinu-9 concession, significantly increasing natural gas transmission capacity in Colombia.

Chile: AES Andes receives environmental approval for Cristales project

AES Andes announces environmental approval for the Cristales project, integrating photovoltaics and storage, with an investment of $710 million.

Colombia switches to natural gas

In Colombia, the conversion of vehicles to natural gas is gathering pace as the country's first left-wing government abolishes gasoline subsidies, offering tax incentives for natural gas vehicles.

COP28: The ‘Unabated’ Fossil Energy Dilemma

The fate of the climate negotiations at COP28 rests on an ambiguity surrounding the term "unabated fossil fuels", evoking a decisive turning point in global climate policy.
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Colombia at the forefront of the Energy Transition at COP28

At the heart of COP28, Colombia stands out as the first major continental oil producer to support an anti-fossil fuel treaty, illustrating a progressive commitment to a sustainable future.

Maritime disputes: ICJ rejects Nicaragua’s application against Colombia

The International Court of Justice has rejected Nicaragua's claim against Colombia concerning an oil- and fish-rich area of the Caribbean Sea. Colombia celebrated the decision as a "great victory", putting an end to their latest legal dispute over the delimitation of maritime borders.