Wednesday, April 29th, 2026
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.
Drummond Energy, the energy arm of US coal giant Drummond Ltd., is advancing plans to build a new liquefied natural gas regasification terminal at Ciénaga, Magdalena — a location adjacent to the company’s existing deep-water port infrastructure on the Caribbean coast approximately 10 km from Santa Marta.
The two voices from the Valencia-Oviedo presidential ticket used separate April platforms to make the same argument: Colombia’s fiscal and energy crises both have the same solution, and the next government must be willing to say so plainly.
The global oil market is navigating a rare convergence of three simultaneous disruptions that are reshuffling physical flows, distorting benchmark pricing, and forcing a reassessment of energy security assumptions, according to Bloomberg Línea’s analysis published April 24.
Moody’s Ratings downgraded Ecopetrol’s global credit rating one notch from Ba1 to Ba2 on April 23, 2026, and simultaneously shifted the company’s outlook from stable to negative — the second credit action against the state oil company in less than a month, following a similar move by S&P roughly 20 days earlier.
Eni and Repsol have reached a new agreement with Venezuela to expand production at the Perla gas field in the Gulf of Venezuela — the largest gas discovery in Latin America — with an eye toward eventually exporting liquefied natural gas (LNG), though domestic supply requirements must be met first.
Colombia’s Ministry of Mines and Energy is developing a formal roadmap to cut methane emissions from the hydrocarbons and coal sectors, in partnership with the Latin American and Caribbean Energy Organization (OLACDE).
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