Gran Tierra Energy announced two strategic portfolio moves on February 19, 2026: completing its exit from Canada’s Simonette Montney asset while simultaneously entering Azerbaijan through a major exploration agreement with the State Oil Company of Azerbaijan (SOCAR).
Parex Resources Inc. announced today that it has submitted an acquisition proposal (the “Proposal”) to the Board of Directors (the “Frontera Board”) of Frontera Energy Corporation (TSX: FEC) to acquire all of Frontera’s Colombian upstream business in an all-cash offer for consideration of US$500 million, plus the assumption of debt, in addition to a contingent payment of US$25 million with terms that are substantially the same as the existing acquisition agreement previously announced. The Proposal represents a US$125 million premium compared to the existing acquisition agreement.
Canacol announces a leadership change and the appointment of an independent director to the board of directors (the “Board”). The Board believes that these changes will position the Company for success in the next phase of its restructuring by adding substantial restructuring experience to the Board.
The prospect of political change in Venezuela has revived debate over what a mass return of migrants would mean—not just for Venezuela, but for the labor markets and demographics of the countries that have absorbed them over the past decade, Bloomberg Línea reported on January 21, 2026.
Despite facing formal charges from the Attorney General’s Office over alleged campaign finance violations and a luxury apartment purchase, Ecopetrol president Ricardo Roa is unlikely to be removed—and markets may actually prefer it that way, according to a leading equity analyst.
Colombia’s General Controller (Contraloría General de la República) flagged a presumed loss of CoP$86.054 billion in two Ecopetrol contracts following a 2024 audit, raising fresh concerns about oversight and project management at the state oil company, La República reported on January 19, 2026.
The Administrative Court of Cundinamarca has admitted a public interest lawsuit against Ecopetrol and the Ministry of Finance aimed at blocking any potential sale of the state oil company’s Permian Basin assets in the United States, Valora Analitik reported on January 28.
Naturgas president Luz Stella Murgas warned that any disruption to operations at the Sociedad Portuaria El Cayao (Spec) regasification plant would jeopardize Colombia’s electricity supply, responding to President Gustavo Petro’s recent order to recover the facility’s property over alleged monopoly concerns.
Transportadora de Gas Internacional’s (TGI) regasification plant in La Guajira will be operational by early 2027.
Arrow Exploration announced successful completion of the Mateguafa 8 appraisal well at the Tapir Block in Colombia’s Llanos Basin, where the company holds a 50% beneficial interest.
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