Tuesday, November 3rd, 2026
GeoPark completed its entry into Venezuela on November 2, when its 25-year Production Participation Contract (CPP) for the Bare Block took effect well before the 120-day period the contract allowed, and Grupo Gilinski became its controlling shareholder.
Drummond Energy says it holds four exploration and production contracts for unconventional gas, the only company in Colombia with such contracts, and is pressing the government to clear the way for its Cesar-Ranchería project.
An embargo by the tax authority DIAN over a CoP$16.4 trillion dispute would leave Ecopetrol with resources to operate for only 23 days, according to an internal company document.
The traditional “100 days” that governments can usually count on as a honeymoon, or that the press and public use as an evaluation period has another two weeks or so to run for Abelardo de la Espriella. But we set him some targets for the end of October and we want to see how he did.
Frank Pearl, president of the oil and gas association ACP, says a revived sector would add about CoP$20 trillion a year to the state, and some CoP$695 trillion through 2050 at today’s prices.
Parex Resources and the national government have handed over two drinking water and sanitation projects in Saravena, Arauca, with total resources of more than CoP$46.5 billion.
President Abelardo De la Espriella has called on families, businesses and institutions to save water, energy and gas, saying the government has secured more gas for thermal plants.
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