News and AnalysIs for

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.

Ecopetrol faces mounting production costs as natural field decline in Colombia combines with insufficient incorporation of new projects, reducing profitability per barrel and increasing exposure to international oil price volatility.

SLB (formerly Schlumberger), one of the world’s largest oilfield services companies, is revolutionizing hydrocarbon exploration in Colombia through artificial intelligence applications that dramatically improve drilling precision and operational efficiency.

Foreign Direct Investment (FDI) in Colombia has declined for two consecutive years, reflecting increased risk perception and deteriorating investment conditions. According to Banco de la República’s Balance of Payments data, accumulated FDI through the third quarter of 2025 reached US$6.969 billion, representing a 20% drop compared to US$8.671 billion in the same period of 2024.

Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) today announced that it has halted discussions with GeoPark Limited (“GeoPark”) (NYSE: GPRK) regarding the acquisition of GeoPark by Parex.

Citi Research analyzed Ecopetrol’s 2026 investment plan and operational outlook concluding that, while there are risks, the potential production upside justifies buying the shares.

Parex announced an update on the Llanos Foothills exploration project and other operational matters.

As Colombia faces a natural gas deficit and increasing import dependency, Gas País proposes liquefied petroleum gas (LPG) as an alternative to meet demand while the offshore Sirius project comes online.