ATP Oil & Gas Company News

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Lessons from ATP Bankruptcy There for Those Who Listen
Tuesday, June 30, 2015Oil and gas transactions lawyers share ways to remain solvent during tough economic times.

Cosco Discontinues Octabuoy Hull and Topside Module Project
Monday, January 12, 2015Cosco discontinues the Octabuoy hull and topside module project, resulting in a one-off charge of $72 million for the firm.

Cosco Reveals Buying Interest for Octabuoy Hull and Topside Module
Wednesday, July 23, 2014Cosco Nantong receives bids for the Octabuoy hull and topside module that it had built for ATP Oil & Gas.

North Sea's Blythe, Skipper Assets Get 3-Month Extension
Wednesday, December 11, 2013Independent Oil & Gas says that licenses covering its Blythe and Skipper assets in the North Sea have been extended to March 31, 2014.

Struggling for Cash, ATP Abandons Gomez Oil Drilling Field
Thursday, June 13, 2013ATP is walking away from an oil-drilling platform in the Gulf of Mexico, leaving it unmanned and a threat to public safety at the start of hurricane season, attorneys told a bankruptcy judge.

DOJ Sues ATP Over Alleged Oil, Chemical Discharges in Gulf
Monday, February 11, 2013ATP Oil & Gas Corp. is accused of discharging oil into the Gulf of Mexico, and then adding chemicals to mask the oil's presence, the U.S. Justice Department said.

ATP Oil Seeks Court Permission to Sell Shelf Drilling Areas
Wednesday, January 09, 2013ATP Oil & Gas Corp. is seeking bankruptcy-court permission to sell 18 of its 38 offshore exploration and drilling areas at an auction next month.

Judge Says ATP O&G Can Tap $617.6 Million Loan
Friday, August 24, 2012A judge has cleared ATP to tap a $617.6M bankruptcy loan to fund its operations, as it restructures its more than $2B in debt in Chapter 11.

ATP Wraps Up Workover at Telemark Well
Monday, July 09, 2012ATP Oil & Gas Corporation announced the completion of the workover at its Mississippi Canyon Block 941 A-2 well located at the Mirage Field.

ATP Strikes Shimshon Pay Offshore Israel
Monday, July 02, 2012ATP O&G encountered more than 62 feet of natural gas pay at the Shimshon well offshore Israel.

ATP Closes Private Placement
Wednesday, June 20, 2012ATP Oil & Gas Corporation has closed a private placement consisting of a $35 million unsecured convertible note.

ATP Resumes Production Ops at Telemark Hub
Monday, June 11, 2012ATP Oil & Gas Corporation has resumed production at the ATP Titan platform which services the company's Telemark Hub.

ATP Welcomes New CEO
Thursday, June 07, 2012ATP announced that Mr. Matt McCarroll replaced Mr. T. Paul Bulmahn as Chief Executive Officer.

McCarroll Takes Reins at ATP Oil & Gas
Friday, June 01, 2012Matt McCarroll joins ATP Oil & Gas as chief executive officer.

Cyprus Secures 15 Bids for Gas Exploration
Friday, May 11, 2012Cyprus said that 29 companies had made 15 bids for exploratory drilling in a second round of licensing to exploit offshore O&G deposits despite strong objections from Turkey.

ATP Kicks Off Drilling Operations Offshore Israel
Monday, April 30, 2012ATP O&G Corp. and its subsidiary ATP East Med B.V. have initiated drilling at the Shimshon well in the Levant Basin of offshore Israel with the Ensco 5006 drilling unit.

GE O&G to Supply Subsea Systems to ATP Cheviot Field
Monday, April 30, 2012GE Oil & Gas will supply ATP O&G with subsea production equipment, ancillary systems and related services for ATP's signature Cheviot field project in the North Sea.

Subsea 7 Scores SURF Gig Offshore Shetland
Friday, March 30, 2012Subsea 7 announced the award of a SURF contract from ATP O&G (UK) Limited/Bluewater, the operator on the Cheviot Field, situated 75 miles (120 kilometers) East of Shetland.

Technip Wins Cheviot Field Contract
Thursday, March 29, 2012Subsidiary of French oilfield services firm wins contract from Bluewater Industries for the Cheviot field development in the North Sea.

ATP Briefs Initial Production Rates at Mississippi Canyon
Friday, March 02, 2012ATP announced initial production rates at its Mississippi Canyon Block 942 A-3 (#2) well in excess of 7,000 boepd, of which 85% is oil.

ATP Brings 4th Well Online at Telemark Hub
Monday, February 27, 2012ATP announced first oil production at its Mississippi Canyon (MC) Block 942 A-3 (#2) well, the fourth well at its Telemark Hub.

ATP's 2011 Production Increased by 17%
Friday, February 24, 2012ATP provided an update on production for full-year 2011 which averaged an estimated 24.6 thousand barrels per day (MBoe/d), an increase of 17% over 2010.

ATP Anticipates First Production at Mississippi Canyon
Friday, February 03, 2012ATP has completed the drilling of the Mississippi Canyon 942 #2 well to a measured depth. ATP estimates first production immediately upon completing these activities scheduled during 1Q 2012.

ATP Divests Deep Rights at GOM Property
Thursday, December 01, 2011ATP announced it sold its interest in the deep rights (below 23,499 TVDSS) in one of its Telemark Hub properties to a third party.

ATP Sees 15% Production Increase in 3Q11
Wednesday, November 09, 2011O&G production for 3Q11 was 2.2 million boe, or 24,200 boepd, reflecting a 15% increase.

ATP All Smiles over GOM Drilling
Monday, November 07, 2011"ATP is excited with the drilling results from both the fourth Telemark Hub well... and the second Clipper well," said T. Paul Bulmahn.

ATP Brings Mirage Well Online in GOM
Wednesday, August 24, 2011ATP announced first oil production at its Mississippi Canyon (MC) Block 941 A-2 (#4) well in the deepwater Gulf of Mexico.

ATP Sees Revenue Increase in 2Q 2011
Tuesday, August 09, 2011Revenues from oil and gas production were $172.9 million for the second quarter 2011, compared to $101.1 million for the second quarter 2010.

ATP Primes Bit for Shimshon Prospect Offshore Israel
Monday, August 08, 2011ATP, as operator of the licenses, has assumed the drilling contract for the Sedco Express drilling unit at the Shimshon location where it anticipates initial drilling during the second quarter 2012.

ATP Commences Public Offering
Tuesday, June 14, 2011ATP O&G has commenced a public offering of approximately $150 million of convertible perpetual preferred stock.

ATP Acquires Licenses Offshore Israel
Monday, June 13, 2011ATP O&G and its wholly-owned subsidiary ATP East Med have acquired the Shimshon, Daniel East and Daniel West licenses in offshore Israel and the Israeli government has approved these licenses.

ATP Declares Quarterly Dividend
Friday, June 03, 2011ATP has declared a quarterly cash dividend on its 8.0% Cumulative Convertible Perpetual Preferred Stock.

ATP Wraps Up Ops at Telemark Hub
Thursday, May 26, 2011ATP has completed the drilling phase of deepwater Mississippi Canyon Block 941 A-2 well located at ATP's Telemark Hub.

ATP Gets Go-Ahead to Complete Drilling at GOM Green Canyon Block
Friday, April 08, 2011ATP has received a permit to complete the previously drilled #2 well at Green Canyon (GC) Block 300 (Clipper) in the deepwater Gulf of Mexico.

ATP Expands Expertise Offshore Israel
Thursday, February 24, 2011Subject to approval of the MNI, ATP has signed agreements to acquire five licenses, of which two are pending, in approximately 4,000 feet of water.

ATP Reports 38% Production Increase in 3Q10
Monday, November 08, 2010ATP reported production for the third quarter 2010 averaged 21.1 MBoe/day was 38% greater than the comparable quarter in 2009.

ATP Pumps First Oil at GOM Well
Monday, October 11, 2010ATP O&G announced first oil production at its Mississippi Canyon 941 #3 well in the deepwater Gulf of Mexico.

ATP Bags Umbilical Project in GOM
Wednesday, August 18, 2010EPD has been awarded a contract by ATP to provide subsea control umbilicals for phases 3A and 3B of their Gomez field development in the GOM.

ATP Loss Widens in 2Q
Friday, August 06, 2010ATP recorded a net loss attributable to $82.9 million for the second quarter of 2010.

ATP Secures Senior Term Loan
Friday, June 25, 2010ATP has priced a new $150 million First Lien Senior Secured Term Loan facility.

ATP Suspends Ops Temporarily Due to Moratorium
Friday, June 04, 2010ATP O&G announced that the Mississippi Canyon (MC) 941 #3 well at its Telemark location can be completed and the current drilling operation at MC 305 #2 in the Canyon Express area will need to be temporarily suspended.

ATP Closes $1.5B Private Offering
Friday, April 23, 2010ATP has closed the previously announced private offering of $1.5 billion aggregate principal amount of senior second lien notes due 2015.

ATP Updates on Telemark Deepwater Ops
Tuesday, April 20, 2010ATP has received approval from the Minerals Management Service for the commingling of two zones at the Atwater Valley 63 #4 well.

ATP Offers $1.5B in Senior Notes
Tuesday, April 20, 2010ATP has priced a private offering of $1.5 billion aggregate principal amount of senior second lien notes due 2015.

ATP to Offer $1.5B in Senior Notes
Tuesday, April 13, 2010ATP O&G has intended to offer, subject to market conditions, $1,500 million aggregate principal amount of senior second lien notes due 2015 in a private offering.

2H Offshore Completes CVA Work at Mirage
Friday, April 09, 20102H Offshore recently completed the design, fabrication and installation verification work for ATP in the Mirage Field, offshore Gulf of Mexico in Mississippi Canyon block 941.

ATP Turns on Taps at Deepwater Telemark Hub
Tuesday, March 30, 2010ATP Oil & Gas announced first oil production from its deepwater Atwater Valley #4 well at the Telemark Hub in approximately 4,000 feet of water.

ATP Wins Duo in Central GOM Lease Sale
Wednesday, March 24, 2010Out of three bids made at the Central Gulf of Mexico Offshore Lease Sale 213 held on March 17th in New Orleans, ATP is the apparent high bidder on two: Ship Shoal Block 361 and Garden Banks Block 782.

ATP Reports 376% Reserve Replacement, Earnings
Friday, March 12, 2010ATP Oil & Gas Corporation issued its annual 2009 results, a 376% reserve replacement ratio, and announced that its major deepwater Gulf of Mexico development, the Telemark Hub, is on schedule for first production later this month.

ATP Issues Cash Dividend on Preferred Stock
Thursday, March 11, 2010ATP's board of directors declared a quarterly cash dividend on its 8.0% Cumulative Convertible Perpetual Preferred Stock.