News and AnalysIs for

The Colombian oil and gas industry is sounding the alarm over a sharp escalation in violent attacks targeting critical energy infrastructure.

We used to think that the Petro government and its Ecopetrol leadership were no more subject to scandals than any other Colombian government we have observed at close range. They’re not. They’re definitely worse. What implications (if any) for the industry, and those doing business with Ecopetrol?

A controversial shift may be occurring in Colombia’s fuel subsidy system: experts claim that gasoline users are now indirectly subsidizing diesel consumers. This claim comes amid the Petro administration’s gradual dismantling of the fuel subsidy scheme that once cushioned consumers from global price fluctuations.

GeoPark Limited (NYSE: GPRK) announced that Phoenix Global Resources has chosen to withdraw from a previously agreed transaction involving a non-operated interest in four unconventional blocks in Argentina’s Vaca Muerta formation. As a result, GeoPark will not complete the acquisition.

Fitch Ratings affirmed the Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of SierraCol Energy Limited at ‘B+’, maintaining a Stable Outlook.

Ecopetrol (NYSE: EC) reported a CoP$10T increase in its debt over the past year, driven entirely by the depreciation of the Colombian peso.