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.
Transportadora de Gas Internacional’s (TGI) regasification plant in La Guajira will be operational by early 2027.
Arrow Exploration announced successful completion of the Mateguafa 8 appraisal well at the Tapir Block in Colombia’s Llanos Basin, where the company holds a 50% beneficial interest.
GeoPark, led by President Felipe Bayón, renewed its crude oil purchase agreement with Vitol and extended the contract term covering production from Llanos basin blocks in Colombia. The new agreement stipulates that GeoPark will sell and deliver all crude production from Llanos 34, Llanos 123, and CPO-5 blocks to Vitol, with the expiration extended from June 2027 to December 2028.
French oil and gas company Maurel & Prom (M&P) announced plans to initiate a six-well exploration campaign at Colombia’s Sinú-9 gas field in February 2026 using a platform currently under assembly and mobilization.
Colombian industry consultant and HCC contributor Tomás de la Calle was struck by the Geopark / Frontera transaction and inspired to write this historical reflection.
Gran Tierra (GTE) published a press release with a 4Q25 operations report and some unaudited 2025 numbers.
2026, Hydrocarbons Colombia, All Rights Reserved.
