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 »

Anadarko’s Golfinho exploration well hit more than 193 net feet of natural gas pay offshore Mozambique, the company announced Tuesday.  More »

Analysts sounded skeptical at a Monday morning analyst call, weighing Chesapeake Energy’s explanation of how it will resolve looming liquidity issues against their own judgment.  More »

Chesapeake Energy told investors this morning that planned asset sales of $9.5 billion and a $3 billion unsecured loan leave it with sufficient cash flows, as it tried to dispel Friday’s concerns that it might be prevented from selling assets by other debt covenant requirements.  More »

Houston-based EOG Resources’s net income soared in the first three months of the year and more then doubled over the past year because of the surging production of oil from the Eagle Ford shale, executives said in a conference call with analysts today.  More »

OTC panelists said smaller, independent oil and gas companies have less competition in the Gulf of Mexico than 10 years ago, but also are thwarted by regulations and the low price of natural gas.  More »

Brazil’s regulations are more stringent than those in the U.S., yet the country remains one of the hottest prospects for new drilling.  More »

Here’s some of the things I’ll be looking for at this years annual gala of oilfield geek chic.  More »

A final settlement between BP and thousands of individual plaintiffs is edging closer, as the parties asked a federal judge to approve a proposed class-action deal benefiting people damaged economically by the 2010 spill of oil from BP’s Macondo well.  More »

Former BP contractor Kenneth Abbott has asked a federal judge in Houston to issue a judgment upholding his claims that BP made false certifications in permit applications for its Atlantis platform in the Gulf of Mexico.  More »

The Securities and Exchange Commission has turned down a request from Exxon Mobil Corp. to omit a resolution on hydraulic fracturing disclosures from its proxy statement, opening the door for a vote on the proposal at the company’s annual shareholder meeting May 30. “We are unable to concur in your view that Exxon Mobil may [...]  More »

A record $75 billion was spent worldwide on deals involving unconventional oil and gas assets, according to a report by research firm IHS.  More »