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"This company will be disciplined and margin-focused, not simply production-driven," says Pacific Chairman Gabriel de Alba.

Pacific believes the affected common shares will be listed on the Toronto Stock Exchange on November 3

This represents at least the second unexpected delay this month for Pacific Exploration in finalizing its restructuring plan.

Interestingly, this loan — for 990 billion Colombian pesos — wasn't due until February 2024.

Pacific Exploration said its arrangement with Catalyst will close on October 12, "assuming satisfaction or waiver of the remaining conditions."

EPM's Jorge Londoño De La Cuesta says Fitch's investment-grade ratings for the utility "are a demonstration of confidence in the strength of the company."

"Economic prosperity has not benefitted all Colombians," says Javier Ciurlizza of the Ford Foundation, which is expanding its footprint in the nation.

Amid road blocks and bridge damage from a strike in Putumayo, Ecopetrol says up to 40,000 barrels per day of its production is now at risk.

With its share of Gunflint field, Ecopetrol America's operations in the United States now exceed 10,000 barrels of oil equivalent per day.

Due to its reliance on oil exports, Colombia continues to show one of the largest export contractions in all of Latin America.