Saddled with a legacy of heavy dependence on foreign oil to meet its primary energy needs, the Philippines has a long history of developing alternatives to serve as import substitution so as to counter the escalating cost of energy. In the past these efforts have included demand reduction through increased efficiency, adding greater incentives...
Strong, sustained economic growth along with a corresponding rise in consumption and increasing industrial aspirations continue to drive energy demand to new levels across the Philippines, even as local primary energy resources become more difficult to develop. Domestic oil and gas production remains spotty, with very little progress being...
With significant renewable energy potential, including geothermal, wind and solar, the Djibouti government is looking to increase the share of renewables in the country’s energy mix in a bid to lower domestic energy production costs and ultimately increase energy security. The country’s long-term development plan, launched in 2014 and known as...
Benefitting from an array of renewable resources, Djibouti is currently a net energy importer as of early 2016, but has set itself some ambitious goals to improve domestic supplies. The energy sector is a key piece of the country’s long-term development plan, known as Vision 2035, which identifies energy access and energy security for its 850,...
The prevailing low oil price saw exploration and production (E&P) companies cut costs in 2014 and 2015. In order to produce crude profitably at prices of under $40 per barrel, expensive greenfield exploration programmes have been put on the back-burner. However, if Colombia is to maintain its production target of 1m barrels per day (bpd)...
Over the past decade the oil industry has been at the centre of Colombia’s economic growth. The sector accounted for nearly one-fifth of all foreign direct investment (FDI) over the past 10 years, approximately half of all export revenues and, through taxes and royalties, provided up to 30% of government income. Consequently, the fall in the...
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