Colombia's energy minister downplayed the chances of cancelling existing oil exploration and production contracts after reaffirming the country's commitment to not award new ones at the World Economic Forum in Davos, Switzerland. "We have not talked about ending contracts for the exploration and production of oil and gas," energy minister Irene Velez said on social media yesterday. "But Colombia is heading towards the transition to produce cleaner energy." Velez on 20 January in Davos had insisted that the country will no longer award any new E&P contracts for natural gas or oil as part of a shift in policy after ... (full story)