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.
Juan Gonzalo Castaño Valderrama has resigned from Ecopetrol’s board of directors after just over three months in the role, the latest disruption to the state oil company’s already turbulent governance.
NG Energy International Corp. (“NGE” or the “Company”) announced that it had filed its financial results for the three months ended March 31, 2026.
Arrow Exploration Corp. reported encouraging results from two separate wells on its Tapir Block in Colombia’s Llanos Basin in back-to-back press releases issued May 8 and May 13, 2026, covering an appraisal well at Mateguafa and an exploration well at the newly drilled Icaco prospect.
The Frontera that filed Q1 2026 results is not the Frontera that operated Colombian oil fields. By the time the press release was issued on May 15, the company had already reclassified its entire Colombian E&P portfolio as discontinued operations under IFRS 5, following the execution of the arrangement agreement with Parex Resources.
GeoPark opened 2026 with a significantly improved financial performance and a transformed ownership structure, reporting Q1 2026 consolidated production of 27,249 boed and Adjusted EBITDA of US$71.3M — a 54% jump from Q4 2025 — on revenue of US$128.4M.
SierraCol Energy opened 2026 with steady production and sharply improved financial margins, while also closing the book on its Carlyle ownership era.
Mines and Energy Minister Edwin Palma convened an interinstitutional meeting in Bogotá on May 13 to review the financial and operational situation at Canacol Energy and its potential implications for Colombia’s gas supply and market stability.
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