The US reached a deal with Venezuela giving Washington majority control over more than 65 billion barrels of proven oil reserves. President Donald Trump announced August 28, calling it “the greatest oil deal in world history” on Truth Social.
The U.S.-Venezuela “Trump” oil deal is structured around North American Blue Energy Partners (NABEP), a private operator controlled by Venezuelan businessman Alejandro Betancourt, which could invest up to US$100 billion aiming to lift production from just over 200,000 bd to more than 1.5 million bd.
Ecopetrol CFO Camilo Barco left the door open to eventually evaluating opportunities in Venezuela, even as the company keeps its immediate growth focus on markets where it already operates — Colombia, Brazil, the U.S. Permian, and nine other countries.
A joint study by six industry trade associations argues that decisions Colombia makes today on oil and gas exploration will determine how much fiscal capacity the country has to fund earthquake reconstruction, poverty reduction, and social priorities through 2050.
Promigas added more than 122,000 new natural gas users during the second quarter of 2026, bringing the company to 7.6 million clients across its business lines.
Colombia’s Minister of the Interior, Rodrigo Lara, announced changes to his ministry’s Dirección de Consulta Previa, on President Abelardo De la Espriella’s instruction, aimed at speeding up investment and infrastructure projects the government considers priorities.
Colombia’s State Council issued a ruling delimiting the right to protest and establishing civil liability for those who paralyze productive economic activity through violent means, overturning a Meta administrative tribunal’s earlier dismissal of an Ecopetrol claim.
Round one of the presidential elections was in May and we have had Abelardo de la Espriella (ADLE) for a month. What can we expect from now to December?
ANH president Ernesto Forero visited Canacol Energy’s Estación Jobo in Sahagún, Córdoba, on August 27 to see the company’s gas operations firsthand and identify concrete sector needs for formulating actions to recover production.
Arrow Exploration reported Q2 2026 revenue of US$34.2 million, up 116% year-on-year, with production averaging 4,902 boe/d (+30%), Adjusted EBITDA of US$25.1 million (+300%), and net income of US$10.4 million, reversing a US$0.9 million loss in Q2 2025.
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