Colombia’s Ministry of Finance (MinHacienda) approved Ecopetrol’s request to contract a domestic loan of up to CoP$700B (approximately US$175M) with Banco Davivienda, providing the state-owned oil company with additional short-term financial flexibility amid its broader funding strategy.
Parex Resources Inc. (TSX: PXT) has taken a bold step to expand its footprint in Latin America’s energy market by offering to acquire GeoPark Limited (NYSE: GPRK) for US$9.00 per share in cash, a deal that values GeoPark at roughly US$940M, including debt.
Colombia’s freight sector is sounding the alarm as road blockades surge nationwide, disrupting commerce and driving massive economic losses.
Colombia is now preparing to pivot back toward oil and gas as President Gustavo Petro’s term nears its end and energy insecurity mounts.
Colombia’s largest oil workers’ union, the Unión Sindical Obrera (USO), has sharply condemned President Gustavo Petro’s reported intention to push Ecopetrol (NYSE: EC) to sell its stake in the Permian Basin in Texas, calling the move a “historic mistake” and threatening nationwide mobilizations if the sale proceeds.
SierraCol Energy Limited, Colombia’s largest independent oil and gas producer, announced a solid operational recovery for the third quarter of 2025, driven by higher production at its flagship Caño Limón operations and stable output across its key fields.
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