Colombian President Gustavo Petro is planning to end contracting for hydrocarbon exploration. The plan could endanger the country’s energy security. Some analysts warn that ending contracting for hydrocarbon exploration could Continue Reading
Crude oil is Colombia’s largest export responsible for around a third of the Andean country’s total exports by value. Colombia’s lack of proven oil and natural gas reserves, and the Continue Reading
Colombia inaugurated its new president, former leftist guerilla Gustavo Petro. The notoriously anti-oil president is already making moves to extract more revenue from the mining and oil industries. Colombia is Continue Reading
Investors are growing increasingly wary of Colombia’s struggling oil industry. A lack of discoveries has pushed the country to look to fracking, though the move has been met with major Continue Reading
Colombia’s oil industry has been in a death spiral since the beginning of the COVID-19 pandemic. Growing community and political opposition to Colombia’s oil industry adds an elevated risk to Continue Reading
Political instability and growing crime in Colombia is weighing on its already-struggling oil industry. Colombia still relies heavily on oil and gas for its own energy security as well as Continue Reading
Rising security risk and rural violence, which is mostly fueled by the vast profits generated by the cocaine trade, is a key deterrent to attracting onshore oil investment in Colombia. Continue Reading
Crude oil production in Colombia this year is on track to hit its lowest level since 2009 Colombia is in urgent need of additional investments and exploration success as proven Continue Reading
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry. Investment in the oil and gas sector fell by nearly 50% in 2020. Colombia Continue Reading
Theft from oil pipelines in Colombia is booming as criminal gangs look to replace dwindling supplies of smuggled Venezuelan gasoline for use in the drug trade, as shown by data Continue Reading
