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Ecopetrol Drives Offshore Gas Exploration Despite Shell's Withdrawal

Ecopetrol S.A. (EC) , the Colombian majority state-owned energy company, has announced its plans to continue with the exploration of natural gas in the Caribbean deepwater even after its partner Shell plc (SHEL) exited Colombia.  The London-listed energy firm confirmed its plans in April 2025 to withdraw from three offshore blocks in Colombia, thus quitting oil and gas exploration in the South American nation. This included the COL-5, Purple Angel, and Fuerte Sur blocks in Colombia, which it jointly operate ...