Cobalt International Company News

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Wildcatters Still a Gamble for Investors Despite Oil's Rise
Even with talk that prices of $100 a barrel could again be in sight, investors are wary before taking the gamble.
8:00 PM EST | October 10, 2018
US Oil Firm Cobalt Files For Arbitration Against Angola For $2B
Cobalt said it had filed requests for arbitration seeking more than $2B from Sonangol after the two failed to reach an agreement on license deadline extensions.
8:00 PM EST | May 11, 2017
US Firm Cobalt Threatens Arbitration Over Angolan Oil Assets
U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend licence deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell the assets.
8:00 PM EST | April 02, 2017
Cobalt Encouraged by North Platte Appraisal Results
Cobalt is encouraged by the preliminary results of its North Platte No. 4 appraisal well in the U.S. Gulf of Mexico.
7:00 PM EST | January 03, 2017
Cobalt International Says Angola Oil Block Stake Sale Terminated
Cobalt International Energy Inc says the proposed $1.75 billion sale of a 40% stake in 2 offshore oil blocks in Angola to the state oil company was terminated.
8:00 PM EST | August 22, 2016
Cobalt International Says Angola Stake Sale Off Track
Cobalt International said it was unlikely to close a $1.75B sale of its 40% stake in two offshore oil blocks in Angola to the state oil company.
8:00 PM EST | August 01, 2016
Cobalt International Energy to Cut 50 Houston Positions
Cobalt will cut 50 staff positions at its Houston headquarters.
7:00 PM EST | February 21, 2016
Third Houston Energy CFO in Less than One Week to Resign
Cobalt names new chief financial officer after former CFO resigns.
8:00 PM EST | August 25, 2015
Cobalt Agrees to $1.75B Transaction with Sonangol for Angola Blocks
Cobalt signs an agreement to sell its entire 40% participating interest in blocks 21/09 and 20/11 to Sonangol for $1.75 billion.
8:00 PM EST | August 23, 2015
Cobalt Makes Biggest Oil Find Yet In Kwanza Basin Off Angola
Cobalt discovers significant quantities of oil offshore Angola, Sonangol says, calling the find the biggest so far in the promising pre-salt layer in the Kwanza Basin.
8:00 PM EST | April 30, 2014
Cobalt Energy Welcomes Hutchison to Board of Directors
Cobalt elects former US Senator Kay Bailey Hutchison to Cobalt's Board of Directors.
7:00 PM EST | December 16, 2013
Cobalt Reports Drill Stem Test Results for Well Offshore Angola
Cobalt announced that its drill stem test of the lowest interval drilled in the Cameia #2 well in Block 21, offshore Angola, did not produce measurable hydrocarbons.
8:00 PM EST | April 17, 2013
Cobalt Updates Ops in West Africa, GOM
Cobalt provides update on West Africa and Gulf of Mexico operations
8:00 PM EST | October 31, 2011
Cobalt Names COO
Cobalt announced that Van P. Whitfield has been promoted to the new position of Chief Operating Officer.
8:00 PM EST | September 06, 2011
Cobalt Kicks Off Drilling Ops Offshore Angola
Cobalt has initiated drilling operations on its Cameia No. 1 well in Block 21, Offshore Angola. Well operations are being conducted with the Diamond Ocean Confidence drilling rig.
8:00 PM EST | August 28, 2011
Cobalt to Abandon Angola Well, Updates GOM Ops
Cobalt is focused now on its abandonment procedures for the Bicuar #1 exploratory well surface location.
8:00 PM EST | July 26, 2011
Cobalt Anticipates Rig Arrival Offshore Angola
Cobalt has received notification that the Ocean Confidence drilling rig will be returned to Cobalt on Block 21 on or about July 12.
8:00 PM EST | June 28, 2011
Cobalt to Spud GOM Well in 3Q
Cobalt believes that it should be able to spud its North Platte well by the end of the third quarter depending on when the Ensco 8503 returns to the U.S. Gulf of Mexico.
8:00 PM EST | June 28, 2011
BOEMRE Gives Cobalt Green Light for Deepwater Exploration
BOEMRE has notified Cobalt of its approval for the Exploration Plan for OCS-G 30876, Block 959, Garden Banks Area.
7:00 PM EST | February 24, 2011
Cobalt Wins Conditional Working Interest Offshore Angola
Cobalt has been conditionally awarded a 40% working interest and has been indicated as operator of Block 20 offshore Angola.
7:00 PM EST | January 24, 2011
Cobalt Swings to Loss in 2Q
Cobalt announced a net loss of $41.8 million, or $0.12 per basic and diluted share, for the three months ended June 30, 2010, compared with a net loss of $2.1 million.
8:00 PM EST | July 26, 2010
Cobalt's CFO Resigns
Cobalt announced that Rodney L. Gray, Chief Financial Officer and Executive Vice President has resigned due to personal reasons.
8:00 PM EST | June 16, 2010
Cobalt Declares Force Majeure on Drilling Rig
Cobalt was invoking the force majeure provision relating to its drilling operations due to the moratorium in GOM.
8:00 PM EST | May 31, 2010
Cobalt Elects New BOD Members
Cobalt announced the election of Mr. Jon A. Marshall and Mr. N. John Lancaster to Cobalt's Board of Directors.
8:00 PM EST | May 24, 2010
BHP Billiton Drills a Duster in Green Canyon Block
Cobalt announced that the Firefox # 1 exploratory well, located in Green Canyon Block 817 will be plugged and abandoned.
8:00 PM EST | May 05, 2010
Andarko to Drill Substitute Appraisal Well in GOM
Cobalt was notified by Anadarko, as operator, that the appraisal well spud on February 17, 2010 on Green Canyon Block 903, will be permanently plugged and abandoned due to mechanical problems.
8:00 PM EST | April 29, 2010
Brazil-West African Connection Sparks Subsalt Oil Search
Oil companies are taking a fresh look at West African prospects as they seek to replicate the huge discoveries made in a Brazilian region with a similar geology.
8:00 PM EST | April 08, 2010
Cobalt International Energy Names New VP
Cobalt International Energy named Michael D. Drennon as Executive Vice President and General Manager, Cobalt Angola effective April 1, 2010.
8:00 PM EST | March 30, 2010
Cobalt International Reports '09 Financial Results
Cobalt International announced a net loss of $81.3 million, or ($0.33) per pro forma basic and diluted share for the twelve months ended December 31, 2009.
8:00 PM EST | March 29, 2010
Cobalt Taps Ocean Monarch for North Platte Prospect
Cobalt has executed a Rig Assignment Agreement with Anadarko providing for the assignment to Cobalt of Diamond Offshore's Ocean Monarch semisub.
7:00 PM EST | March 08, 2010
Cobalt International Elects New Board Member
Cobalt International announced the election of Dr. Myles W. Scoggins to Cobalt's Board of Directors.
7:00 PM EST | February 25, 2010
Cobalt Updates on Blocks 9 and 21, Offshore Angola
Cobalt has executed Risk Services Agreements for Blocks 9 and 21 offshore Angola with the national oil company Sonangol
7:00 PM EST | February 23, 2010
FMC Technologies to Support Cobalt's Offshore Efforts
FMC Technologies has signed a multi-year frame agreement with Cobalt International Energy to provide subsea systems, including production trees, manifold hardware and distribution systems.
7:00 PM EST | February 10, 2010
Cobalt Reaches Total Depth at Criollo Prospect
Cobalt reached a planned total depth of 31,145 feet TVD in the Criollo prospect exploration sidetrack well, and is in the process of suspending operations on the well.
7:00 PM EST | January 28, 2010
Cobalt Divulges Spud Dates for Next 2 GOM Wells
The next exploratory well in Cobalt's 2010 drilling program is scheduled to spud in the first quarter of 2010. Additionally, the next Cobalt-operated exploratory well in the 2010 program is scheduled to spud in the second quarter.
7:00 PM EST | January 28, 2010
Cobalt Earmarks $430MM for 2010 Capex
Cobalt's Board of Directors has approved a 2010 capital program of $430 million.
7:00 PM EST | January 28, 2010
Jack Golden Joins Cobalt's Board of Directors
Jack Golden was elected to Cobalt's Board of Directors. His initial term as Director is effective immediately and will expire at Cobalt's 2010 Annual Meeting of Stockholders.
7:00 PM EST | January 28, 2010
Cobalt Closes Over-Allotment Option
Cobalt intends to use the net proceeds from its closed offering and other resources available to it to fund its capital expenditures, and in particular its drilling and exploration program through 2011.
7:00 PM EST | January 07, 2010
Cobalt International Energy Names New Chief Financial Officer
Cobalt International Energy named Rodney Gray as Chief Financial Officer and Executive Vice President, effective June 1, 2009.
8:00 PM EST | May 18, 2009
Cobalt, Sonangol Join Forces for Deepwater GOM, Angola Exploration
Cobalt and Sonangol jointly announced the formation of a major partnership in the deepwater Gulf of Mexico and the deepwater offshore Angola.
8:00 PM EST | April 22, 2009
Total Teams Up with Cobalt for Deepwater GOM Exploration
Total has entered into several agreements with Cobalt International Energy to jointly explore 12 leases in the deepwater Gulf of Mexico.
8:00 PM EST | April 05, 2009
Anadarko Scores Again in Deepwater GOM with Shenandoah
Anadarko discovered 300 feet of net oil pay at the Walker Ridge 52 Shenandoah field.
7:00 PM EST | February 03, 2009
Anadarko Strikes Oil at Heidelberg Prospect in Deepwater Gulf of Mexico
Anadarko made a substantial oil discovery at its Heidelberg prospect in the deepwater Gulf of Mexico.
7:00 PM EST | February 01, 2009
Mariner Scores 3: Oil, Gas Unlocked in Gulf of Mexico
Mariner has announced three discoveries in the Gulf of Mexico.
7:00 PM EST | February 01, 2009
Oil and Gas Lease Sales in Gulf of Mexico Attract $3.7 Billion
Two federal sales of offshore oil and natural gas leases in the Eastern and Central Gulf of Mexico attracted more than $3.7 billion in high bids March 19.
8:00 PM EST | March 18, 2008
MMS: Central GOM Sale 205 Nets More Than $2 Billion in High Bids
Using the bid evaluation process, MMS rejected high bids totaling $18,509,402 on 18 tracts as insufficient for fair market value.
7:00 PM EST | March 02, 2008
First Reserve Commits $350 Million to Cobalt
Cobalt International Energy says that First Reserve has joined its investor group with a $350 million commitment.
7:00 PM EST | December 02, 2007
Big Bidders: Central GOM Lease Sale 205
The Minerals Management Service (MMS) announced the results of the Central Gulf of Mexico Lease Sale 205 on October 3. Find out which companies bid the most – and for which blocks.
8:00 PM EST | October 02, 2007
Cobalt: Aggressive Governments Unexpected Obstacle
Joseph Bryant, chief executive of Cobalt International Energy LP, doesn't buy the below ground version of peak oil - a theory that global crude production has entered a period of unstoppable decline.
7:00 PM EST | February 14, 2007
Western Gulf of Mexico Sale 200 Nets $331,950,865 in High Bids
The MMS has accepted high bids valued at $ 331,950,865 and awarded 371 leases to the successful high bidders who participated in Western Gulf of Mexico Oil and Gas Lease Sale 200.
7:00 PM EST | November 19, 2006