News and AnalysIs for

GeoPark’s 2Q26 operational update, published July 21st, reveals a Colombian portfolio where the strategic story is less about new discoveries and more about the sophisticated management of existing assets.

Petro’s outgoing government filed its final tax reform before the new Congress on July 21^st, placing the mining and energy sector at the center of the fiscal controversy for the second time in four years.

The Canacol Energy case moved into its Colombian legal chapter on July 16^th when Promigas and Gases del Caribe confirmed to El Heraldo that the Alberta Court of King’s Bench had issued formal termination orders for their supply and transport contracts with the Canadian gas producer.

Ecopetrol disclosed on July 17 that an unidentified external actor successfully accessed its cloud storage environments without authorization, downloading data associated with approximately 3,300 user accounts across 15 companies within the Ecopetrol Group.

Campo Rubiales completed a decade of direct operation under Ecopetrol on July 3^rd, 2026 – marked from the moment in July 2016 when the state oil company assumed control of the field following the expiry of the operating contract held by Pacific Rubiales, now Frontera Energy.

Ricardo Roa’s leave from Ecopetrol expires July 27^th and under his contract he would legally return as company president on July 28^th – just ten days before the August 7^th inauguration of Abelardo de la Espriella, who has called him a thief and a criminal and whose government’s stated first act is to convene an extraordinary shareholders meeting to replace him.

Brazil’s securities regulator CVM handed Ecopetrol a procedural victory on July 15^th, ruling in favor of Ecopetrol Investimentos do Brasil in the administrative appeal that had kept the Brava Energía tender offer suspended since June 19^th.

With less than a month until his August 7^th inauguration, president-elect Abelardo de la Espriella’s economic team completed a high-level Washington mission on July 15^th, securing a concrete output from its IDB meeting: the launch of “Colombia Crece,” a joint investment attraction strategy embedded within the IDB Group’s regional LAC Crece initiative.

Writing in Portafolio, Sylvia Escovar – former president of Terpel and current chair of the GeoPark board – published a pointed opinion piece framing the question of who leads Ecopetrol not as a personnel decision but as an institutional one with consequences for the entire country.

The Canacol-Cerro Matoso dispute has entered a new phase, with court-appointed monitor KPMG formally intervening to contest the ferronickel producer’s characterization of the gas supply restrictions, while simultaneously urging both parties to reach a commercially viable new contract before the situation escalates further.