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Senior officials from Trinidad and Tobago and Colombia met in late March 2026 to explore deepening bilateral energy cooperation, reflecting both countries’ strategic interest in regional energy security.

Colombia’s environmental licensing authority ANLA granted Frontera Energy an environmental license to explore the VIM-46 block, an Exploratory Drilling Area located in the municipality of Magangué, Bolívar, in the Lower Magdalena Valley.

The Ministry of Finance issued Decree 0288 on March 19, 2026, adding CoP$2.87T to the Sistema General de Regalías (SGR) budget for the 2025–2026 biennium, responding to a significant decline in royalties revenue that has reduced the resources available to Colombia’s departments and municipalities.

Colombia’s fuel pricing pendulum reversed course on April 1, 2026, as the Comisión de Regulación de Energía y Gas (CREG) issued Circular 260 authorizing an increase of approximately CoP$375 per gallon in regular gasoline — ending a two-month relief period during which the government had cut prices twice, each time by CoP$500, for a cumulative reduction of CoP$1,000.

Energy and Mines Minister Edwin Palma represented Colombia at CERAWeek in Houston on March 25, 2026, using one of the global energy sector’s most prominent forums to advance the Petro government’s framing of the energy transition as a technically grounded, socially responsible process rather than an ideological commitment.

Three Bloomberg Línea analyses published in mid-to-late March paint a nuanced and cautionary picture of how the Middle East conflict’s energy price shock is landing across Latin America — one in which the instinct to read rising oil as a regional windfall is increasingly being challenged.