Colombia’s main Pacific port Buenaventura faces operational collapse threatening national competitiveness, according to urgent warnings from the Colombian Federation of International Trade Logistics Agents (Fitac).
Ecuador confirmed a 900% increase in crude transport tariffs through the Sistema de Oleoducto Transecuatoriano (SOTE), raising rates from US$3 to US$30 per barrel effective January 23, 2026.
GeoPark CEO Felipe Bayón outlined an aggressive growth strategy following the company’s US$375 million acquisition of Frontera Energy’s Colombian assets, emphasizing the transaction represents long-term confidence in Colombia’s energy sector despite perceived risks.
Ecopetrol President Ricardo Roa confirmed the company’s Permian Basin field in Texas could be among assets under evaluation for divestment, responding to government opposition to fracking technology. The field, acquired under 2020 contracts, requires operational agreement updates and strategic decisions on future extraction.
Ecopetrol and Frontera Energy marked World Clean Energy Day with the inauguration of the new Quifa Solar Farm, incorporating 18MWp in the first quarter of 2026 and advancing Colombia’s energy transition.
Geopark announced a transformational acquisition of Frontera Energy’s entire Colombian exploration and production portfolio for US$375M cash at closing plus US$25M contingent upon achieving development milestones.
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