News and AnalysIs for

The Agencia Nacional de Hidrocarburos issued a categorical clarification addressing what it called imprecise claims circulating about hydrocarbons activity in Boyacá and Cundinamarca, confirming that the E&P Muisca contract has conducted no exploration or production activity since 2014…

We looked at our Line-of-Business charts to understand the NOC’s 2Q26 results and to no one’s surprise, they were uniformly good and mostly due to Brent.

Colombia has lost relevance on Latin America’s oil production map, according to new International Energy Agency (IEA) projections, while Brazil, Argentina, and even Guyana — a country with essentially no oil industry a decade ago — accelerate output.

Arrow Exploration announced results from three new wells at its Icaco field on the Tapir Block in Colombia’s Llanos Basin, where the company holds a 50% beneficial interest, all drilled on time and under budget.

In an El Heraldo opinion column, Aquiles Mercado argues that global energy security has moved to the center of IMF and World Bank discussions, with the Iran conflict standing as the top geopolitical risk to oil markets — a blocked Strait of Hormuz or disrupted production, he writes, could create a shortage larger than the pandemic’s and reignite inflationary pressure.

Venezuela sits on more than 300 billion barrels of proven crude reserves — surpassing Saudi Arabia’s roughly 270 billion — yet produces just 850,000 to 1.1 million bd, less than 1% of global output and far below its 1998 peak of 3.5 million bd, according to Álvaro Martínez de Bourio, BCG’s energy lead for Colombia, Peru, Chile, and Argentina.