News and AnalysIs for

The Colombian Petroleum and Gas Association (ACP) General Assembly designated members of the Board of Directors for the 2026-2027 period and appointed its new Executive Board, who will assume leadership of the association’s Board of Directors for one year.

The Colombian gas producer published an update press release on its website. We also picked up an item on CNE from Superservicios.

Promigas announced on December 23 a new advance in the Barranquilla-Ballena Bidirectionality Project by placing into operation, ahead of schedule, 20 mmcfd of additional natural gas transport capacity between the Caribbean coast and Colombia’s interior.

Ecopetrol received the “Gold Standard” recognition for the third consecutive year for its advances in methane emissions management, detailed measurement plan implementation, reporting quality and transparency, and establishment of reduction targets. The recognition is granted by the Oil and Gas Methane Partnership (OGMP 2.0), an initiative led by the United Nations Environment Programme.

The NOC published a press release that set the stage for the Ministry’s announcement of increased gas declarations.

Fitch Ratings downgraded multiple Colombian energy companies following the country’s sovereign rating reduction, with Ecopetrol, Grupo Energía Bogotá (GEB), and Enel Colombia among those affected. The rating actions reflect these companies’ close ties to the Colombian state and its deteriorating credit profile.

Presidencia issued a press release saying that Ecopetrol and Sierracol had updated their natural gas production declaration, directing more from “own use” to the pipeline network.

NG Energy issued a press release saying it had received permission from the ANH for its transactions with Maurel & Prom for Sinú 9. Over the holidays, the Colombian press had a flurry about this, attempting to tie this permission to Ricardo Roa’s apartment “scandal”.

Transportadora de Gas Internacional (TGI), a Grupo Energía Bogotá subsidiary, signed a binding commercial agreement with Höegh Evi to establish a Floating Storage and Regasification Unit (FSRU) for a regasification plant in La Guajira, specifically at Ballena.

Canacol Energy Ltd. announced that it has entered into an agreement with an ad hoc group of holders of the Company’s 5.75% senior unsecured notes due 2028 for debtor-in-possession financing.