News and AnalysIs for

Vehicular natural gas (VNG) prices in Bogotá rose almost 20% overnight, which sources said reflects reduced availability of imported gas at the Cartagena regasification terminal.

SierraCol Energy lowered its 2026 production guidance to 39.5 to 41.5 mboed (thousand barrels of oil equivalent a day) from 41 to 44 mboed, after third-quarter output fell 3% from the prior quarter to 38.9 mboed.

Petrobras and Ecopetrol have completed a five-well exploration campaign in the deep waters of the Colombian Caribbean that ran for two and a half years and cost about US$1B.

GeoPark priced US$550M of 9.500% senior notes due 2033, and holders tendered about 60% of its 8.750% notes due 2030 into a concurrent cash offer.

Colombia’s Holland House chamber of commerce and the Suriname Chamber of Commerce and Industry have signed a memorandum of understanding to promote trade and investment between the two countries ahead of a large offshore oil development in Suriname.

Source: Gasnova, HCC © 2026 Mirador Comunicaciones SAS

Colombia’s LPG consumption is concentrated in Antioquia, Cundinamarca and Valle del Cauca, and the LPG association Gasnova warns of a possible supply deficit.

Colombia’s Mines and Energy Ministry says it will rebuild gas self-sufficiency in stages, with more imports in the short term, fracking in the medium term and the Sirius and KGG fields in the long term, aiming to recover capacity progressively through the 2030s.

Ecopetrol has named Armando José Cuello Navarro, who served as deputy minister of energy, as vice president of Energy for the Transition, and he will join the executive team no later than Oct. 27.

Multinsa, a petrochemical company in Barrancabermeja, says nanotechnology and artificial intelligence are at the core of its oil and gas products, and that it sees 2026 as a transition year with expectations pointing to 2027.

Brent closed at US$116.58 per barrel last Friday, October 23^rd, and as we write on Monday, it closed at US$115.13, today having been back to US$117.11 and as low as US$114.21. Exactly one year ago, Brent’s Friday close was US$65.69 and we wrote about how E&Ps might react if it fell further.