The world must invest an average of$540 billion through 2050 in the upstream sector or face a reduced global production of 5.5 million barrels a day for the next decade, a new report stated.

The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore ...

The IEA now says new oil and gas projects are essential to maintain global output as decline rates at existing fields ...

Oil edged higher in the early Asian session amid rising supply-disruption risks.

The world needs to spend some $540 billion a year looking for oil and gas to maintain current output by 2050 as the pace of ...

Energy Department Awards BWX $1.5 Billion Contract A BWX Technologies unit was awarded a National Nuclear Security ...