Thursday, April 30th, 2026
Canacol Energy, Colombia’s second-largest natural gas producer, has petitioned the Court of King’s Bench of Alberta — the Canadian province where the company is domiciled — for authorization to cancel its active gas supply contracts with multiple Colombian companies.
A mandatory government filing submitted to Congress in February 2026 set off a wave of concern in Colombia’s energy sector after it surfaced publicly on April 28, with media reports highlighting that the Petro administration had identified more than CoP$50T in Ecopetrol subsidiaries and affiliated assets as candidates for potential divestiture. A closer reading of the primary document — and the legislation behind it — tells a considerably more prosaic story.
GeoPark opened 2026 with steady production from its core Colombian and Argentine assets, reporting consolidated output of 27,249 boed for the first quarter — down 5% year-on-year following the divestiture of its Ecuador and Brazil operations, but up 1% versus the fourth quarter of 2025 on a like-for-like basis and above the company’s own plan.
French oil company Maurel & Prom is preparing to invest between US$150M and US$180M over the next two years to delineate a gas discovery in the Sinú-9 block in Córdoba department, with the company and industry observers hoping the play could provide medium-term relief for Colombia’s deepening gas supply crisis.
Colombia’s National Hydrocarbons Agency (ANH) has announced what it describes as landmark reductions in gas flaring and methane emissions across the hydrocarbons sector, framing the results as a signature environmental legacy of the current administration.
The Ecopetrol-Petrobras Colombia consortium has confirmed that first gas from the offshore Sirius field will be delivered in 2030, with the project currently in the contracting phase ahead of construction. The announcement came from both companies’ presidents at the Naturgas Congress in Cartagena.
Ecopetrol announced on April 23, 2026 that it had entered into a Share Purchase Agreement to acquire approximately 26% of Brazilian oil and gas company Brava Energía S.A. — the second-largest independent listed company in Brazil by reserves and production — from a group of significant shareholders including Jive, Yellowstone, and Bloco Somah Printemps Quantum.
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