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Gas network operator Promigas closed a US$920M subordinated hybrid bond issuance — the largest demand ever recorded for a Colombian company — drawing US$2.7B in orders from roughly 150 investors across the United States, Europe, Latin America, and Asia, an oversubscription rate of nearly 2.8 times.

Spain’s Repsol has signed a memorandum of understanding with Venezuela’s Ministry of Hydrocarbons and state oil company PDVSA to study the development of a new oil area called Horcón, located southeast of Lake Maracaibo — a zone adjacent to fields where Repsol already holds operations.

Yesterday’s presidential voting had a declared winner but the results are not definitive and the loser is contesting the result.

Ecopetrol has completed its first direct export of petroleum coke (petcoke) to Japan, shipping 50,000 tons to a Japanese steelmaker for use in vehicle production, a transaction that represents 5 percent of the Refinería de Cartagena’s total annual petcoke exports and marks a strategic shift in how the state oil company commercializes one of its industrial byproducts.

Colombia’s National Hydrocarbons Agency (ANH) has failed to publish its annual Resources and Reserves Report (IRR) for 2025, more than 45 days after the legally mandated deadline of April 30.

Jorge Enrique Bedoya, president of the Colombian Farmers’ Society (SAC), drew a direct line between the Petro government’s restrictions on oil and gas exploration and the country’s dependence on imported fertilizers, arguing that greater domestic gas production could have enabled Colombia to manufacture urea at home rather than buying it from Trinidad and Tobago, the United States, China, and Russia.