News and AnalysIs for

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the “Company”) announces that, in connection with the tender offer (the “Tender Offer” or “OPAV”) in Brazil announced on May 25, 2026, its subsidiary Ecopetrol Investimentos do Brasil Ltda. (the “Subsidiary”) has received requests for adjustments from the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários, “CVM”).

Canacol Energy is pursuing a sale of its Colombian operations at speed, but with cash to sustain those operations running out on July 10, 2026, roughly three weeks away.

Venezuela has formalized a licensing agreement with Shell for the development and production of the Loran gas field, the Venezuelan side of the cross-border Loran-Manatee accumulation shared with Trinidad and Tobago.

A post-election analysis by Arteaga Latam of Colombia’s May 31 first-round presidential vote finds that the country’s 131 oil- and gas-producing municipalities delivered nearly the entire national margin for Abelardo de la Espriella over Iván Cepeda — and that those same territories could again prove decisive in Sunday’s runoff.

Deutsche Bank and Corficolombiana both published assessments on June 12 framing the same basic question ahead of Colombia’s June 21 presidential runoff: what comes after the vote, and how durable will any initial market optimism prove to be?

Moody’s Ratings issued a sector-wide alert on Colombia’s energy and gas industry, warning that credit conditions for companies across the chain — generation, transmission, and distribution — will continue to deteriorate at least until the first half of 2027.