ONGC Videsh Limited (OVL), the overseas arm of India’s state-owned oil company, has reported positive results from the Milano-1X exploratory well on block CPO-5 in Meta department, with production potential of about 750 barrels of oil per day.
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.
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.
Four industry associations have asked the government to eliminate the income-tax surcharge on oil extraction in its Rescue Law and to set stable rules for large investments.
Fitch Ratings has affirmed Ecopetrol’s top national rating but forecasts that its 2026 production will fall 3%, to 724,000 boepd, on lower gas output.
Gases del Caribe, the gas distributor for much of Colombia’s Caribbean region, has marked 60 years in business with more than 1.3 million users in Atlántico, Magdalena and Cesar.
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