After a period of steady decline, Colombia has seen an increase in oil production due to Colombian government efforts ...

CALGARY:
Royal Dutch Shell said it will transform its Montreal East refinery into a fuel terminal, making the ...

WASHINGTON:
World oil demand will climb 1.47 million barrels per day (mbpd) to 86.65 mbpd in 2011, bolstered b ...

HIGHLIGHTS
 
- 65% of investments will be allocated to exploration and production
- 93% of inv ...