News and AnalysIs for

Colombia’s oil production declined 3.6% year-over-year through November 2025, averaging 744,645 barrels per day compared to 774,180 bpd in the same period of 2024, according to the ANH.

Transportadora de Gas Internacional’s (TGI) regasification plant in La Guajira will be operational by early 2027.

President Gustavo Petro announced the government is evaluating declaring an Economic, Social and Environmental Emergency in Córdoba and Sucre departments following catastrophic flooding that has claimed 14 lives and devastated the Caribbean region.

Arrow Exploration announced successful completion of the Mateguafa 8 appraisal well at the Tapir Block in Colombia’s Llanos Basin, where the company holds a 50% beneficial interest.

Energy Minister Edwin Palma signed a resolution making effective a CoP$500 per gallon gasoline price reduction beginning February 1, 2026, while maintaining stable diesel prices.

GeoPark, led by President Felipe Bayón, renewed its crude oil purchase agreement with Vitol and extended the contract term covering production from Llanos basin blocks in Colombia. The new agreement stipulates that GeoPark will sell and deliver all crude production from Llanos 34, Llanos 123, and CPO-5 blocks to Vitol, with the expiration extended from June 2027 to December 2028.