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Frontera Energy repurchased up to $42M CAD shares at $12 CAD each, concluding its substantial issuer bid on Jan 24, 2025.

Under Petro’s governance, Colombia has gone from being a net exporter to a net importer of natural gas.

The announcement is a positive sign for collaboration between the two oil giants.

Fitch says it would also consider a further upgrade if Gran Tierra diversifies its operations and enhances oil and gas sales prices.

The mayor of Medellín, Federico Gutiérrez, celebrated the closure of the Hidroituango tunnel alongside Andrés Julián Rendón, governor of Antioquia, and John Maya, EPM’s manager.

NG Energy also reported an increase to its line of credit facility with Macquarie Group by an additional US$12 million, raising the total to US$25.6 million.

Colombia's President Gustavo Petro has taken a definitive anti-petroleum stance, and has appointed his former campaign manager as Ecopetrol's CEO.

The current administration's refusal to bring new gas supplies online is already affecting consumers.

The alliance’s initial phase involves selected EPM companies, targeting daily reductions of around 1.5 GWh, with plans for expansion across EPM’s subsidiaries.

The find comes as Colombian gas reserves have fallen to critically low levels, and a recent court ruling halted operations in a major existing gas field.