Warburg Pincus, partners investing $1.1B in energy startup
Warburg Pincus LLC, the private- equity firm with more than $35 billion in assets under management, said it will invest as much as $1.13 billion with three other partners in Venari Resources LLC, a deep-water oil exploration company. More »
Feds get advice from industry, engineers on beefing up blowout preventers
Federal regulators crafting new regulations to boost the reliability and power of emergency equipment used as a last line of defense against surging oil and gas at offshore wells will get feedback from energy companies, drilling engineers and other experts on Tuesday. More »
Iran finds its first Caspian Sea oil for more than a century
Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the state-run Fars news agency reported. More »
Total to put staff back on North Sea platform
The French oil company Total says it is preparing to put staff back on a North Sea platform after confirming that a gas leak has been stopped. More »
Repsol: Exploratory oil well off Cuba comes up dry
Spanish oil company Repsol says an exploratory well it drilled off Cuba is unsuccessful and will be abandoned. More »
World’s first semisubmersible drill rig getting back to work
After being out of commission for 14 years, the world’s first self-propelled semisubmersible drilling rig is looking to get back into the offshore business. More »
Technology can unlock new fields, curb fears of peak oil
Technology advancements in oil and gas production will allow the industry to remain the world’s dominant energy supplier for decades and curb fears that fossil fuels are rapidly running out, a Chevron vice president said today. More »
Anadarko expands massive Mozambique discovery
Anadarko’s Golfinho exploration well hit more than 193 net feet of natural gas pay offshore Mozambique, the company announced Tuesday. More »
Fla. county to examine possible theft of BP funds
Investigators are scheduled to update Okaloosa County commissioners on their widening investigation into the possible theft of tourism funds provided by BP in the aftermath of the 2010 Gulf oil spill. More »
15 firms to bid for gas drilling rights off Cyprus
Cyprus’ commerce minister says that oil firms from Russia, Italy, France, Canada, Malaysia, Israel and the U.S. are among 15 companies and consortiums seeking to carry out exploratory drilling for gas deposits off the island’s southern coast. More »
Cobalt remains committed to Angola after minister’s comments
Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc., says it’s committed to developing oil prospects in Angola’s pre-salt basin after the government said it was free to leave. More »
Cnooc deploys oil rig as weapon to assert China Sea claims
China’s first deep-water drilling rig began operations near islands in the South China Sea in a move to assert Beijing’s territorial claims as travel agencies suspended tours to the Philippines amid safety concerns. More »
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