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The developer says Ecopetrol certified the process and put in no money. Delay fines of $200,000 USD a day are also in dispute.

A razor-thin mandate, an Ecopetrol scandal, and a fracking myth now test Colombia's energy reset.

Ecopetrol's Q1 EBITDA rose despite an 8.7% revenue drop — governance crisis and a $3.3B tax dispute loom over Colombia's state oil giant.

Pacific warming patterns suggest a 61% chance of El Niño by July, posing significant supply chain and power price risks for Colombia.

Ecopetrol refinances $1.25 billion USD in debt and secures a $1.6 trillion COP subsidy payment from the Colombian government.

Reopening the Rumichaca Bridge ends a $5 million USD per day blockade, but a 50% tariff and energy price disputes keep binational tensions high.

This represents a 1.6% increase over the production in May 2017 and a 0.1% increase from last month.

Production was also up 4.1% over February of this year due to the reopening of several oilfields.

Despite the year-over-year drop, the actual output did exceed Ministry of Mines and Energy's estimate of 840,000 barrels of oil per day.

The South African mining company said it made the "unfortunate decision to stop all project activities...until there's certainty about mining activity in the country."