Colombia’s dollar has weakened to around CoP$3,650, its lowest level since President Gustavo Petro took office, but market analysts warn the exchange rate is artificial and disconnected from economic fundamentals.
Ecopetrol called an extraordinary shareholders assembly for February 5, 2026 at 8:00 AM to elect nine board members for terms extending through 2029, following the departures of Mónica de Greiff and Guillermo García Realpe. The completed slate features historic worker representation alongside technical expertise spanning the energy sector.
Chevron announced plans to invest over US$20M during the next five years to improve operational capacity and guarantee fuel supply in Colombia, following its 2020 exit from natural gas exploration and production to focus on becoming a leading fuel and lubricant provider.
Drummond Company announced that on January 15, 2026, a jury in the U.S. District Court for the Northern District of Alabama returned verdicts against attorney Terrence P. Collingsworth and his organization International Rights Advocates (IRAdvocates) on all counts in defamation and racketeering lawsuits. The plaintiff had accused the company of supporting armed groups in Colombia.
César Eduardo Loza was elected as Ecopetrol’s eighth board member, marking the first time in the state oil company’s 74-year history that a worker representative will participate in strategic decision-making.
Parex published its operational and CAPEX guidance for this year. It also announced that founder Wayne Foo would retire as Board Chair and Director of the Board, effective May 12, 2026.
Colombian energy company Terpel announced its strategic focus on three business lines for 2026—solar energy, electromobility, and lubricants—to compensate for impacts from divestments in Ecuador and Peru.
Parex issued a press release with statistical details on 4Q25 production and the results of the Guapo-1 exploration well.
Ecopetrol S.A. announced January 7, 2026, that nine additional labor organizations have initiated renegotiation of their respective chapters of the Collective Bargaining Agreement by filing complaints with Colombia’s Ministry of Labor within the legally established timeframe.
Frontera announced a commitment to deliver production to Chevron and a corresponding prepayment agreement.
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