Labor productivity across Latin America has stagnated for decades, widening the region’s gap with developed economies, according to a new Inter-American Development Bank (IDB) report titled “Making Labor Markets Work: Improving Productivity and Worker Well-Being in Latin America and the Caribbean.”
Gran Tierra reported second-quarter 2026 net income of US$25 million, a sharp swing from a US$119 million net loss in Q1, on total production of 41,501 boed and Adjusted EBITDA of US$85 million.
President Abelardo De la Espriella used his first address as president, delivered from Batallón Pichincha in Cali, to declare that recovering Ecopetrol will be an absolute priority of his administration, alongside reactivating hydrocarbons exploration and authorizing fracking under environmental standards.
Cerro Matoso, Colombia’s ferronickel producer in Córdoba, cut its operations 50% indefinitely as of August 4, after Canacol Energy continued restricting gas deliveries to below 4,000 MBTUD — less than a quarter of the contracted volume.
An extensive El Espectador retrospective, drawing on interviews with more than 10 sector figures, delivers a mixed verdict on the outgoing Petro government’s hydrocarbons record – industry groups call it negative, while the government points to democratic legitimacy for its choices.
GeoPark reported second-quarter 2026 revenue of US$143.3 million, up 12% from US$128.4 million in the first quarter, on stable consolidated production of 27,271 boepd and a combined realized oil price of US$67.20/boe, up from US$60.4/boe in 1Q2026 as Brent averaged US$96.9/bbl.
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