Cerro Matoso, the ferronickel producer in Córdoba owned by CoreX following South32’s exit, confirmed on July 1 that it has reduced operations by 25% due to gas supply restrictions already imposed by Canacol — a cut the company says puts hundreds of direct jobs and contracts with local suppliers and contractors at risk, along with royalty and tax flows to both the department and the national treasury.
NG Energy International Corp. reported on July 2 that Magico-2X — the second well in its six-well 2026 drilling campaign at the Sinú-9 block in northern Colombia — was spud on June 26, targeting the Pre-CDO–San Cayetano formation as its primary objective.
Petrobras has confirmed that it has completed the advance commercialization of the full volume of natural gas corresponding to its participation in the offshore Sirius project, developed jointly with Ecopetrol in the Colombian Caribbean.
El Heraldo assembled four energy sector voices to assess the fallout from the Alberta court’s ruling authorizing Canacol Energy to suspend its Colombian gas supply contracts — a decision affecting twelve counterparties including Cerro Matoso, Promigas, Gases del Caribe, and Surtigas.
Ecopetrol has delivered 52,300 school kits to children, youth, and teachers in 31 municipalities across nine departments, as part of the company’s Education and Sports investment line aimed at strengthening school retention and easing the back-to-school financial burden for families in the company’s areas of operation.
The Court of King’s Bench of Alberta issued a ruling on June 24 granting Canacol Energy Ltd. permission to cancel 19 natural gas supply and transportation contracts with Colombian counterparties, advancing the most consequential legal step yet in the company’s CCAA restructuring.
The National Hydrocarbons Agency (ANH) finally released Colombia’s total oil and gas reserves figures for year-end 2025 last week. Contributor Tomás de la Calle looked at Colombia’s oil reserves over the past nine years and even looked back thirty years to assess performance.
Ecopetrol’s ADR reached US$16.58 on June 17 — one of its highest levels of the year — having risen between US$6 and US$7 from its late-2025 range of US$9-10 as the market had been pricing in a de la Espriella victory well before the June 21 vote.
Arrow Exploration Corp. has announced results from the Icaco-2 (IC-2) exploration well on the Tapir Block in Colombia’s Llanos Basin, confirming a multi-zone discovery that the company says could prove material to its growth trajectory.
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