Major elements of a national energy strategy should be added to a draft package approved by the House Energy and Commerce Subcommittee on Energy and Power, the American Petroleum Institute (API) said Wednesday.

Crude oil slipped back into a bear market Thursday, disappointing U.

After years of trying to turn things around following the Deepwater Horizon oil spill, BP is still running into significant challenges.

Former owners of Yukos Oil Co.

Paragon Offshore, an offshore drilling contractor, has signed an agreement with Shanghai Waigaoqiao Shipbuilding Co.

Russia has fallen into full-blown depression and faces a mounting fiscal crisis as oil and gas revenues plummet.

Oil companies’ least-loved business over the past five years is proving to be their lifeline.

There's been a lot of hype over oil and gas mega-discoveries in places like Brazil and Africa the last few years.

Cue Energy Resources has informed that a multi well workover campaign to further increase production from Maari field, offshore New Zealand, is scheduled to start in August 2015.

Exova Group plc, the global testing, calibration and advisory services provider to the oil and gas industry, has opened a new laboratory in Johor, Malaysia.