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SierraCol Energy reported full-year 2025 share before royalties (SBR) production averaged 42.0 mboed, down 6% year-over-year, primarily due to restricted pipeline availability in the Caño Limón area during second quarter 2025, partially offset by additional volumes from the Caracara field integrated during second half 2024.

NG Energy International announced commencement of drilling operations at the Hechicero-1X exploration well at Sinu-9, marking the first well in a planned six-well 2026 drilling program as the company reported significant year-end reserves increases. The company also released year-end 2025 reserves showing gross 1P reserves of 64.5 Bcf and gross 2P reserves of 132.3 Bcf, with gross 3P reserves totaling 225.6 Bcf.

Gran Tierra Energy announced two strategic portfolio moves on February 19, 2026: completing its exit from Canada’s Simonette Montney asset while simultaneously entering Azerbaijan through a major exploration agreement with the State Oil Company of Azerbaijan (SOCAR).

Parex Resources Inc. announced today that it has submitted an acquisition proposal (the “Proposal”) to the Board of Directors (the “Frontera Board”) of Frontera Energy Corporation (TSX: FEC) to acquire all of Frontera’s Colombian upstream business in an all-cash offer for consideration of US$500 million, plus the assumption of debt, in addition to a contingent payment of US$25 million with terms that are substantially the same as the existing acquisition agreement previously announced. The Proposal represents a US$125 million premium compared to the existing acquisition agreement.

Canacol announces a leadership change and the appointment of an independent director to the board of directors (the “Board”). The Board believes that these changes will position the Company for success in the next phase of its restructuring by adding substantial restructuring experience to the Board.

The prospect of political change in Venezuela has revived debate over what a mass return of migrants would mean—not just for Venezuela, but for the labor markets and demographics of the countries that have absorbed them over the past decade, Bloomberg Línea reported on January 21, 2026.

Despite facing formal charges from the Attorney General’s Office over alleged campaign finance violations and a luxury apartment purchase, Ecopetrol president Ricardo Roa is unlikely to be removed—and markets may actually prefer it that way, according to a leading equity analyst.

Colombia’s General Controller (Contraloría General de la República) flagged a presumed loss of CoP$86.054 billion in two Ecopetrol contracts following a 2024 audit, raising fresh concerns about oversight and project management at the state oil company, La República reported on January 19, 2026.

The Administrative Court of Cundinamarca has admitted a public interest lawsuit against Ecopetrol and the Ministry of Finance aimed at blocking any potential sale of the state oil company’s Permian Basin assets in the United States, Valora Analitik reported on January 28.

Naturgas president Luz Stella Murgas warned that any disruption to operations at the Sociedad Portuaria El Cayao (Spec) regasification plant would jeopardize Colombia’s electricity supply, responding to President Gustavo Petro’s recent order to recover the facility’s property over alleged monopoly concerns.