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Colombia races to shore up gas supply
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist 
Touchstone advances Central strategy
Canadian independent’s evolving portfolio in Trinidad and Tobago gives it access to the Atlantic LNG market and a close-up view of developments in neighbouring Venezuela
Upstream looks to deepwater rescue
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
Kazakhstan lays groundwork for transformation
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
Nigeria in upstream charm offensive
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
Letter from Saudi Arabia: Big oil meets big shovel
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
Venezuela mismanaged its oil, and US shale benefitted
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
Outlook 2026: Peru 2026 – A confident step into a new energy era
The South American country offers stable, transparent and high-potential opportunities and is now ready for fresh exploration and partnership
Outlook 2026: A new chapter for Namibia – Building an energy future with purpose
The country’s hydrocarbon resources offer a strategic and social opportunity that could see it becoming a leading light in Africa
Outlook 2026: Renewal and growth in Nigeria’s upstream sector
Government reforms are restoring investor confidence in the country’s oil and gas industry
Work on the Tapir block
Upstream Colombia
Paul Hickin,
Editor-in-chief
19 September 2025
Follow @PetroleumEcon
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Arrow’s oil positivity defies Colombia headwinds

CEO Marshall Abbott highlights success in the Llanos Basin and explains why Colombia has a lot of untapped potential

In Colombia, the big picture is of a country that has gone from being the poster child for ambitious independents to one where the country’s upstream is being left behind by regional peers such as Brazil and Argentina. The resource opportunity does not compare, and the current government is not as friendly to oil explorers, goes the analytical line. That all may be true—but Arrow Exploration’s three significant discoveries suggest the South American country has a lot still to offer. Arrow’s most-recent upstream exploration successes as of September 2025 are RCE, CN (Carrizales Norte) and Alberta Llanos in the Tapir block. These discoveries were made in separate prospects and have identified

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Colombia races to shore up gas supply
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist 
European gas: From bad to much worse
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
Trump’s gasoline price pledge paradox
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With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat

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