Shell, Aramco, Gazprom, Petrobras cut project spending; Alberta cuts royalties; India will explore in Colombia.

Gazprom has predicted $250 per barrel oil by next year; The Alberta government has launched a $178 million new technology plan; India's Reliance Industries is continuing to expand.

CALGARY , Alberta, Jan. 18 (UPI) -- Alberta Premier Ed Stelmach said the oil sands industry is cleaning up its act.

CALGARY, Alberta, Nov. 27 (UPI) -- Canadian Natural Resources has cut its crude oil and natural gas budget by one-third.

EDMONTON, Alberta, Oct. 23 (UPI) -- Alberta Premier Ed Stelmach plans to release his royalty plan Wednesday while the province is split on whether he should promote the Royalty Review Panel.