GeoPark opened 2026 with steady production from its core Colombian and Argentine assets, reporting consolidated output of 27,249 boed for the first quarter — down 5% year-on-year following the divestiture of its Ecuador and Brazil operations, but up 1% versus the fourth quarter of 2025 on a like-for-like basis and above the company’s own plan.
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.
Colombia’s National Hydrocarbons Agency (ANH) has announced what it describes as landmark reductions in gas flaring and methane emissions across the hydrocarbons sector, framing the results as a signature environmental legacy of the current administration.
The Ecopetrol-Petrobras Colombia consortium has confirmed that first gas from the offshore Sirius field will be delivered in 2030, with the project currently in the contracting phase ahead of construction. The announcement came from both companies’ presidents at the Naturgas Congress in Cartagena.
Ecopetrol announced on April 23, 2026 that it had entered into a Share Purchase Agreement to acquire approximately 26% of Brazilian oil and gas company Brava Energía S.A. — the second-largest independent listed company in Brazil by reserves and production — from a group of significant shareholders including Jive, Yellowstone, and Bloco Somah Printemps Quantum.
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.
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