Thursday, March 12th, 2026
Ecopetrol is exploring two additional strategic business opportunities in Venezuela beyond natural gas imports following the changed political landscape after Nicolás Maduro’s capture by the United States.
Ecopetrol initiated export operations with the Atlantic Majesty, the first vessel contracted for exclusive company use under a Time Charter arrangement, which will transport 1 million barrels of heavy crude monthly to United States customers.
Ecopetrol maintains a sufficiently robust oil and gas exploration portfolio to sustain activity for at least ten more years, extending to 2036, according to Elsa Jaimes, general manager of offshore projects and exploration, speaking at the second Colombian Geological Association Energy Exploration Convention.
The Departamento Nacional de Planeación (DNP) conducted a technical tour of three strategic works funded by royalty resources in Santander that generate direct community benefits.
Colombia produced 746,444 barrels per day of oil in January 2026, representing a 3.03% decline compared to January 2025’s 769,751 bpd.
The Colombian government ordered the refund of over CoP$150B to natural gas users for overcharges in the transport component of tariffs. Gas transporters TGI, Promigas, and three other companies immediately rejected the order, denying any improper charges and threatening legal action.
GeoPark declined to raise its offer for Frontera Energy’s Colombian exploration and production assets, ending its bid after determining that matching a superior proposal from Parex Resources would not meet the company’s return thresholds.
2026, Hydrocarbons Colombia, All Rights Reserved.
