With no major onshore oil discoveries since 2009, Colombia’s oil and gas reserves have dwindled. The country has thus turned to non-conventional deposits as a means to boost production in the medium to long term. While this segment has historically been dominated by offshore activity, the government’s aim to boost proven reserves, diversify...
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...
Following the drop in commodity prices that started in 2014, Colombia experienced several challenging years of dwindling investment in the energy sector. However, the industry is poised to regain momentum, and support from the administration is already yielding results across multiple segments. A number of measures have been implemented by the...
Colombia is redoubling efforts to include renewable energy in its power supply mix. This has meant moving away from its dependence on hydroelectricity, which has been made unreliable due to shifting climate patterns. Law No. 1715 was passed in May 2014, creating a foundation for the adoption of these technologies by regulating integration of...
With broad political support and efforts to improve the licensing process, the mining industry looks set to experience a rebound in 2019. While...
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