Spain’s Repsol has signed a memorandum of understanding with Venezuela’s Ministry of Hydrocarbons and state oil company PDVSA to study the development of a new oil area called Horcón, located southeast of Lake Maracaibo — a zone adjacent to fields where Repsol already holds operations.
Yesterday’s presidential voting had a declared winner but the results are not definitive and the loser is contesting the result.
Ecopetrol has completed its first direct export of petroleum coke (petcoke) to Japan, shipping 50,000 tons to a Japanese steelmaker for use in vehicle production, a transaction that represents 5 percent of the Refinería de Cartagena’s total annual petcoke exports and marks a strategic shift in how the state oil company commercializes one of its industrial byproducts.
Colombia’s National Hydrocarbons Agency (ANH) has failed to publish its annual Resources and Reserves Report (IRR) for 2025, more than 45 days after the legally mandated deadline of April 30.
Jorge Enrique Bedoya, president of the Colombian Farmers’ Society (SAC), drew a direct line between the Petro government’s restrictions on oil and gas exploration and the country’s dependence on imported fertilizers, arguing that greater domestic gas production could have enabled Colombia to manufacture urea at home rather than buying it from Trinidad and Tobago, the United States, China, and Russia.
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?
2026, Hydrocarbons Colombia, All Rights Reserved.
