Eni and Repsol are reportedly looking to sell part of their stake in La Perla, Venezuela’s largest gas field, to raise capital for a production expansion.
Parex Resources said preliminary 3Q26 production averaged 83,259 boe/d, with output edging up through the quarter.
Colgas, Ecopetrol subsidiary Hocol and the Tierralta municipal government have launched a synthetic natural gas (SNG) network in Tierralta, Córdoba, aimed at replacing firewood for household cooking. SNG is a propane-air mixture, so the town can be served without a link to the national gas transport system.
The lead graph shows the price of Ecopetrol’s ADR’s (Symbol: EC) from January 1st, up nearly 70% from the start of the year. But then oil prices are up, “thanks” to the Iran War, now a wider Middle East conflict and a favorable change in government.
Joaquín Gutiérrez Caballero, who takes over as Ecopetrol president on September 28, opened with a warning that Colombia has reserves of just 7.4 years of oil and 5.9 years of gas, figures he called “paltry”.
Armando Cuello, Colombia’s Vice Minister of Energy, is expected to leave the ministry for a post tied to Ecopetrol’s gas business, according to an exclusive report.
Ocensa has satisfied an environmental obligation of more than CoP$7.3B tied to its water use on the Cusiana-Coveñas oil pipeline by funding conservation of 205.55 hectares in Meta, a first of its kind in Colombia and Latin America.
Ecopetrol has received CoP$684B in overdue payments from the government’s Fuel Price Stabilization Fund (FEPC) and has named three new vice presidents.
With ConocoPhillips and ExxonMobil both having exited Colombia’s fracking sector, Ecopetrol and Drummond Energy are now the clearest contenders to drill the country’s first unconventional well, while GeoPark has signaled interest without yet committing to specific blocks.
Ecopetrol president Joaquín Gutiérrez Caballero traveled to Caracas on September 30 to attend the International Petroleum and Gas Congress, framing the trip as an exploratory mission rather than the start of any deal.