A trade dispute between Colombia and Ecuador is imposing significant operational and cost penalties on oil producers in Putumayo, forcing Ecopetrol and GeoPark to reroute production through longer, more expensive domestic corridors instead of the Sistema de Oleoducto Transecuatoriano (SOTE) that has historically been the basin’s primary export pathway.
The Petro government issued decrees on March 27, 2026 fixing a 7% salary increase for public servants working in national entities of the executive and judicial branches, with the same adjustment applying to teachers. The increase is retroactive to January 2026.
Canacol Energy Ltd. announces that, on March 26, 2026, the Court of King’s Bench of Alberta granted an order in the Company’s ongoing restructuring proceedings under the Companies’ Creditors Arrangement Act (Canada) approving the engagement of Breakpoint Advisory Partners LLC (“Breakpoint”) as Chief Restructuring Officer (“CRO”) of the Company.
No one can say 2026 has been uneventful in the oil and gas sector. A bidding war for Frontera’s E&P assets, potential for a change in the economic program in Colombia with a new president on August 7th and the Iran War send Brent up over US120 are but a few of the noteworthy items. Perhaps the biggest for Latin America with important implications for Colombia is the US intervention in Venezuela which promises to revitalize that country’s oil and gas production. However, will the promise be realized and what are the opportunities for companies in Colombia? We asked Jorge Neher, a Venezuelan Partner at Dentons Cardenas and Cardenas, who has lived and worked in Colombia for almost two decades, with deep knowledge of both countries’ oil and gas sectors, to tell us what is happening on the ground and how things could play out.
The Ministry of Mines and Energy sent a formal request to Ecopetrol president Ricardo Roa on March 4, 2026, requiring a detailed report on the volumes of natural gas consumed by the company’s refineries during 2025 and the current year to date.
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