The first of the four-year, $50 billion deal is signed with ExxonMobil for oil drilling in South America

In November, ExxonMobil announced a deal with the Colombian government to drill for oil in South American waters.The government, under President Juan Manuel Santos, has been struggling to come up with a solution to its oil shortage, with production cuts totaling about 30 percent in recent years.ExxonMobil says it expects to complete the drilling program […]