Gran Tierra Energy has signed a contract to earn a 49% working interest in the Tisquirama block in Colombia's Middle Magdalena Valley through a partnership with Ecopetrol. The company expects to gain operatorship after completing Phase 1 development, involving a $47.1 million capital carry commitment over 40 months. The adjacent fields, which produced 2,500 boepd in 2025, have potential to exceed 13,000 boepd gross production through waterflood expansion and infill drilling, leveraging Gran Tierra's expertise from its neighboring Acordionero field.

Ecopetrol S.A. announced its 2025 earnings distribution proposal, approving an ordinary dividend of COP 110 per share (50.1% payout ratio of net income) to be paid by April 30, 2026. The company also allocated COP 21.1 trillion to an occasional reserve to support financial sustainability and strategic flexibility. The proposal will be submitted to shareholders at the General Shareholders' Meeting on March 26, 2026.

Shell stock rose 1.13% on Tuesday following its Brazilian subsidiary's sale of a 20% stake in the Orca deep-water development to Kuwait Foreign Petroleum Exploration Company (KUFPEC). The transaction allows Shell to maintain operational control with a 50% interest while efficiently managing capital across its portfolio. The deal is expected to close by end of 2026. Shell continues to expand with recent investments in Nigerian oil and gas projects.

Parex Resources and Ecopetrol have finalized a strategic alliance in the Llanos Foothills exploration program, securing regulatory approvals for Niscota and Farallones blocks. The company maintains strong production levels and plans to release 2026 guidance in January.

Colombian energy company Ecopetrol plans investments between $5.9B and $7.2B in 2026, focusing on production of 730-740 thousand barrels of oil equivalent per day and targeting a 40% EBITDA margin.

Ecopetrol S.A. received authorization from the Ministry of Finance to execute a COP 700,000 million loan with Banco Davivienda, with a five-year term and variable interest rate. The loan proceeds will be used for non-investment expenditures and demonstrates the financial sector's confidence in the company's strategy.

Several large-cap companies, including Block, Becton Dickinson, and Pilgrim's Pride, experienced significant losses last week due to factors such as worse-than-expected financial results and guidance cuts.

The global butane market is projected to reach USD 163.23 billion by 2032, driven by rising demand for liquefied petroleum gas (LPG) and petrochemical production. Key factors include expanding energy consumption, urbanization, and regulatory support for cleaner fuels.

Shell's subsidiary, Shell Brasil Petróleo Ltda., has made the Final Investment Decision for the Gato do Mato project, a deep-water initiative located in the pre-salt region of the Santos Basin offshore Brazil. The project is expected to produce up to 120,000 barrels of oil per day and has recoverable resources of approximately 370 million barrels.

Ecopetrol and Occidental Petroleum have agreed to drill 34 wells in the Rodeo Midland Basin from April 2025 to June 2026. Ecopetrol's 2025 plan for the Midland and Delaware sub-basins includes 91 wells, $885M investment, and 90K boe/d output.

Interoil Exploration and Production ASA's Colombian subsidiary, Interoil Colombia Exploration and Production, will reopen shut-in wells and improve production systems in its operated fields in Colombia. This is part of the company's commitment to continue operations and enhance its portfolio in the country.

The latest trading day saw Ecopetrol (EC) settling at $11.19, representing a +0.27% change from its previous close.