Nini Johanna Castañeda, acting superintendent of Superintendencia de Sociedades, told Valora Analitik in an exclusive interview on June 1 that Canacol Energy has halted its bid to terminate gas supply contracts through the Canadian restructuring process — at least for now.
Gran Tierra Energy Inc. is pleased to announce today that the Company has satisfied all outstanding conditions precedent to the effectiveness of the contract previously announced on March 17, 2026 with Ecopetrol S.A., by which the Company will earn a 49 percent working interest in the Tisquirama block located in the Middle Magdalena Valley Basin of Colombia (the “Block”), which contains the Tisquirama and San Roque fields (the “Fields”) (the “Tisquirama Contract”).
Ecopetrol announced on May 28 that it has reached 150 active patents registered in 13 countries and now holds more than 800 intellectual property assets in total — the largest such portfolio of any Colombian company.
Parex Resources closed its acquisition of Frontera Energy’s entire Colombian exploration and production portfolio on June 1, formally vaulting itself to the position of Colombia’s largest independent oil and gas producer.
Frontera Energy Corporation closed the sale of its entire Colombian exploration and production portfolio to Parex Resources on June 1 for aggregate consideration of US$750M — comprising US$500M in upfront cash, US$225M in assumed net debt, and a US$25M contingent payment tied to a potential extension of the Quifa contract with Ecopetrol before the first anniversary of closing.
Ecopetrol’s board of directors voted in a universal session on May 27 to postpone the start of president Ricardo Roa Barragán’s previously approved unpaid leave, following a 30-day medical incapacity that Roa filed on May 26.
NG Energy International Corp. (TSX: GASX) has announced successful drilling results for the Aruchara-5 development well at its María Conchita block on Colombia’s Caribbean coast, where the company holds an 80% working interest.
Ecopetrol and the Sociedad Portuaria Puerto Bahía (SPPB) — the Cartagena maritime terminal owned by Frontera Energy — have secured all outstanding regulatory and environmental approvals required to begin the execution phase of their LNG regasification project on Colombia’s Caribbean coast.
SPEC LNG, the Promigas-owned regasification terminal at Cartagena, has issued a statement disputing a CoP$427 million fine imposed by the Superintendencia de Servicios Públicos Domiciliarios (SuperServicios) over the accuracy of its financial reporting,
Colombia’s Canacol Energy “crisis” moved on two fronts simultaneously in the third week of May, with a regulatory field inspection confirming a substantial shortfall between the company’s contractual gas commitments and its actual output, while pipeline operator Promigas escalated its opposition to Canacol’s proposed contract terminations before a Canadian court — warning of consequences it described as catastrophic for the national energy system.
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