Thursday, August 13th, 2026
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.
Colombia’s natural gas production fell 12.9% year-on-year in May 2026, to 1,129 million cubic feet per day (mmcfd) from 1,296 mmcfd in May 2025, with the decline attributed to Casanare, Sucre, Boyacá, and Córdoba.
Ecopetrol announced the successful completion of its Voluntary Public Tender Offer (OPAV) auction on Brazil’s B3 exchange, acquiring approximately 25% of Brava Energía’s share capital through its subsidiary Ecopetrol Investimentos Do Brasil LTDA.
The Global Environment Facility (GEF) Council announced the selection of Diego Mesa Puyo, Colombia’s former Minister of Energy and Mines, as the fund family’s next CEO and Chairperson, for an initial four-year term aligned with the GEF-9 funding period.
Labor productivity across Latin America has stagnated for decades, widening the region’s gap with developed economies, according to a new Inter-American Development Bank (IDB) report titled “Making Labor Markets Work: Improving Productivity and Worker Well-Being in Latin America and the Caribbean.”
Gran Tierra reported second-quarter 2026 net income of US$25 million, a sharp swing from a US$119 million net loss in Q1, on total production of 41,501 boed and Adjusted EBITDA of US$85 million.
President Abelardo De la Espriella used his first address as president, delivered from Batallón Pichincha in Cali, to declare that recovering Ecopetrol will be an absolute priority of his administration, alongside reactivating hydrocarbons exploration and authorizing fracking under environmental standards.
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