Colombia’s Finance Minister Germán Ávila has confirmed the convening of an Extraordinary Shareholders’ Assembly to make what he described as “some adjustments” to Ecopetrol’s board of directors. If the changes go ahead, the board will have been reorganized nine times in under four years — an unprecedented pace for a company of Ecopetrol’s strategic weight.
Ahead of its May 12 results release, Ecopetrol has published preliminary estimates for Q1 2026 that point to net profit of between CoP$2T and CoP$3T — a range that, if confirmed, would mark eleven consecutive quarters of year-on-year earnings decline (in pesos) since the peak of early 2023.
GeoPark used its 1Q26 operational update to reinforce a message it has been building since late 2025: that the company has turned a corner.
Moody’s has downgraded Oleoducto Central S.A. (Ocensa) one notch to Ba2 with a negative outlook, in a move that reflects the rating agency’s discomfort with the structural ties binding Colombia’s principal crude pipeline to its financially troubled majority shareholder – rather than any deterioration in Ocensa’s own operations.
ExxonMobil’s discovery of more than 11 billion barrels of recoverable oil in Guyana’s deep waters over the past six to seven years – described by environmental groups as the largest oil find of the 21st century – has set off a wave of hydrocarbon ambition across the Caribbean basin that civil society organizations are now calling “the Guyana effect.”
A CoP$400 increase in the pump price of gasoline effective May 2026 — combined with a CoP$121 rise in the CREG’s diesel reference price — has brought renewed attention to the cumulative fuel cost burden Colombians have absorbed since 2022.
Parex Resources used a pair of May 4 announcements to underscore a strategic push deeper into Colombia — one deal adding mature producing assets through its existing Ecopetrol partnership, the other moving its transformative Frontera acquisition a step closer to closing.
NG Energy International Corp. (NGE) issued a late-April operational update on its two Colombian assets.
Colombia’s Energy and Gas Regulatory Commission (CREG) has launched what it describes as the first regulatory sandbox in its history, targeting the liquefied petroleum gas (LPG) market.
President Gustavo Petro used the closing ceremony of the Macrorrueda de las Américas 2026 — a trade fair that drew more than 1,500 businesspeople from 60 countries to Corferias in Bogotá — to claim that his government had achieved a structural transformation of Colombia’s export base, reducing the country’s trade deficit by one-third compared to the figure inherited in 2022.
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