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.
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.
Pacto Histórico presidential candidate Iván Cepeda used a June 10 interview on Caracol Radio’s 6AM W with Julio Sánchez Cristo to lay out his position on Ecopetrol, the energy transition, and the future of hydrocarbon policy under a possible Cepeda government.
Ecopetrol and Parex Resources donated firefighting equipment to the volunteer fire brigades of San Miguel and Valle del Guamuez municipalities in Putumayo on June 12, under the Acuerdo Empresarial Putumayo, a joint social investment mechanism the two companies operate in the department. The combined investment exceeded CoP$25M.
The Unión Sindical Obrera (USO) announced in the early hours of June 13 that it had reached a collective agreement with Ecopetrol, closing a labor conflict that had been running since May 2025 and which included a 24-hour strike the union called to press its demands. Negotiations concluded at approximately 4:50 a.m., according to the union.
Or the dominance of Ecopetrol in Colombian statistics means what it does pulls the national conclusions. In any event, 2025 was another weak year for exploration and discoveries. Sharp pencils and improved recovery saved ECP’s reserves from falling.
The Colombian stock market became briefly the best-performing bourse in the world on June 1, with the MSCI Colcap index surging around 6% in early trading after Abelardo de la Espriella topped the presidential first round with 43.7% of the vote, a margin well above what Wall Street consensus had expected.
Foreign direct investment in Colombia’s oil sector fell more than 7% year-on-year in Q1 2026, reaching US$589M against US$634M in the same period of 2025, according to Banco de la República data.
Colombia’s liquefied petroleum gas (LPG aka propane) sector is heading into a structural supply gap, and a new Cartagena terminal is positioning itself as the primary solution
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