Moody’s has downgraded Oleoducto Central S.A. (Ocensa) one notch to Ba2 with a negative outlook, in a move that reflects the rating agency’s discomfort with the structural ties binding Colombia’s principal crude pipeline to its financially troubled majority shareholder – rather than any deterioration in Ocensa’s own operations.
ExxonMobil’s discovery of more than 11 billion barrels of recoverable oil in Guyana’s deep waters over the past six to seven years – described by environmental groups as the largest oil find of the 21st century – has set off a wave of hydrocarbon ambition across the Caribbean basin that civil society organizations are now calling “the Guyana effect.”
A CoP$400 increase in the pump price of gasoline effective May 2026 — combined with a CoP$121 rise in the CREG’s diesel reference price — has brought renewed attention to the cumulative fuel cost burden Colombians have absorbed since 2022.
Parex Resources used a pair of May 4 announcements to underscore a strategic push deeper into Colombia — one deal adding mature producing assets through its existing Ecopetrol partnership, the other moving its transformative Frontera acquisition a step closer to closing.
NG Energy International Corp. (NGE) issued a late-April operational update on its two Colombian assets.
Colombia’s Energy and Gas Regulatory Commission (CREG) has launched what it describes as the first regulatory sandbox in its history, targeting the liquefied petroleum gas (LPG) market.
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