Thursday, May 14th, 2026
Fitch Ratings placed Frontera Energy Corporation’s US$310M senior unsecured notes due June 2028 on Rating Watch Positive (RWP), maintaining the existing ‘B’ rating with a Recovery Rating of ‘RR4’, in a commentary published May 8.


Arrow Exploration Corp. delivered a mixed full-year 2025, growing output while absorbing the dual hit of weaker crude prices and a significant asset impairment.
A dispute between two Colombian fuel distributors has drawn formal complaints to both the Fiscalía and the Ministry of Mines, reopening questions surrounding the Ocean Mariner — the Liberian-flagged vessel intercepted by the U.S. Navy in February after diverting from its declared destination in the Dominican Republic toward Cuba, carrying a cargo valued at US$6.9M.
Colombia has undergone a dramatic and largely unremarked structural shift in its gas supply over the past three years: a commodity that was overwhelmingly domestic has become increasingly imported, with consequences that will compound sharply if El Niño arrives as forecast.
Canacol Energy, Canada’s second-largest independent gas producer in Colombia, which is under creditor protection has attracted concern about a possible supply crisis.
MinEnergia has announced that the UPME has completed its technical evaluation of a floating storage and regasification unit (FSRU) project off the coast of La Guajira — clearing the way for what would become Colombia’s second regasification terminal and a significant diversification of the country’s increasingly strained gas supply infrastructure.
Ecopetrol’s bonds have staged an impressive run since March, but Wall Street analysts are now warning that the May 31 presidential election has become the single most important variable for the company’s long-term credit profile — potentially more consequential than oil prices, production volumes, or even the ongoing governance crisis at its headquarters.