Wednesday, May 6th, 2026
Ahead of its May 12 results release, Ecopetrol has published preliminary estimates for Q1 2026 that point to net profit of between CoP$2T and CoP$3T — a range that, if confirmed, would mark eleven consecutive quarters of year-on-year earnings decline (in pesos) since the peak of early 2023.
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.
President Gustavo Petro used the closing ceremony of the Macrorrueda de las Américas 2026 — a trade fair that drew more than 1,500 businesspeople from 60 countries to Corferias in Bogotá — to claim that his government had achieved a structural transformation of Colombia’s export base, reducing the country’s trade deficit by one-third compared to the figure inherited in 2022.
Parex Resources published select preliminary first-quarter 2026 results on April 30, releasing the figures ahead of schedule to support “fair and transparent disclosure” to all parties in connection with a planned debt financing for its US$750 million acquisition of Frontera Energy’s Colombian exploration and production assets, announced on March 10.
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