Cobalt International Company News

Recent Articles

Results 50 articles shown

Wildcatters Still a Gamble for Investors Despite Oil's Rise
Thursday, October 11, 2018 Even with talk that prices of $100 a barrel could again be in sight, investors are wary before taking the gamble.

US Oil Firm Cobalt Files For Arbitration Against Angola For $2B
Friday, May 12, 2017 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.

US Firm Cobalt Threatens Arbitration Over Angolan Oil Assets
Monday, April 03, 2017 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.

Cobalt Encouraged by North Platte Appraisal Results
Wednesday, January 04, 2017 Cobalt is encouraged by the preliminary results of its North Platte No. 4 appraisal well in the U.S. Gulf of Mexico.

Cobalt International Says Angola Oil Block Stake Sale Terminated
Tuesday, August 23, 2016 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.

Cobalt International Says Angola Stake Sale Off Track
Tuesday, August 02, 2016 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.

Cobalt International Energy to Cut 50 Houston Positions
Monday, February 22, 2016 Cobalt will cut 50 staff positions at its Houston headquarters.

Third Houston Energy CFO in Less than One Week to Resign
Wednesday, August 26, 2015 Cobalt names new chief financial officer after former CFO resigns.

Cobalt Agrees to $1.75B Transaction with Sonangol for Angola Blocks
Monday, August 24, 2015 Cobalt signs an agreement to sell its entire 40% participating interest in blocks 21/09 and 20/11 to Sonangol for $1.75 billion.

Cobalt Makes Biggest Oil Find Yet In Kwanza Basin Off Angola
Thursday, May 01, 2014 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.

Cobalt Energy Welcomes Hutchison to Board of Directors
Tuesday, December 17, 2013 Cobalt elects former US Senator Kay Bailey Hutchison to Cobalt's Board of Directors.

Cobalt Reports Drill Stem Test Results for Well Offshore Angola
Thursday, April 18, 2013 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.

Cobalt Updates Ops in West Africa, GOM
Tuesday, November 01, 2011 Cobalt provides update on West Africa and Gulf of Mexico operations

Cobalt Names COO
Wednesday, September 07, 2011 Cobalt announced that Van P. Whitfield has been promoted to the new position of Chief Operating Officer.

Cobalt Kicks Off Drilling Ops Offshore Angola
Monday, August 29, 2011 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.

Cobalt to Abandon Angola Well, Updates GOM Ops
Wednesday, July 27, 2011 Cobalt is focused now on its abandonment procedures for the Bicuar #1 exploratory well surface location.

Cobalt Anticipates Rig Arrival Offshore Angola
Wednesday, June 29, 2011 Cobalt has received notification that the Ocean Confidence drilling rig will be returned to Cobalt on Block 21 on or about July 12.

Cobalt to Spud GOM Well in 3Q
Wednesday, June 29, 2011 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.

BOEMRE Gives Cobalt Green Light for Deepwater Exploration
Friday, February 25, 2011 BOEMRE has notified Cobalt of its approval for the Exploration Plan for OCS-G 30876, Block 959, Garden Banks Area.

Cobalt Wins Conditional Working Interest Offshore Angola
Tuesday, January 25, 2011 Cobalt has been conditionally awarded a 40% working interest and has been indicated as operator of Block 20 offshore Angola.

Cobalt Swings to Loss in 2Q
Tuesday, July 27, 2010 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.

Cobalt's CFO Resigns
Thursday, June 17, 2010 Cobalt announced that Rodney L. Gray, Chief Financial Officer and Executive Vice President has resigned due to personal reasons.

Cobalt Declares Force Majeure on Drilling Rig
Tuesday, June 01, 2010 Cobalt was invoking the force majeure provision relating to its drilling operations due to the moratorium in GOM.

Cobalt Elects New BOD Members
Tuesday, May 25, 2010 Cobalt announced the election of Mr. Jon A. Marshall and Mr. N. John Lancaster to Cobalt's Board of Directors.

BHP Billiton Drills a Duster in Green Canyon Block
Thursday, May 06, 2010 Cobalt announced that the Firefox # 1 exploratory well, located in Green Canyon Block 817 will be plugged and abandoned.

Andarko to Drill Substitute Appraisal Well in GOM
Friday, April 30, 2010 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.

Brazil-West African Connection Sparks Subsalt Oil Search
Friday, April 09, 2010 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.

Cobalt International Energy Names New VP
Wednesday, March 31, 2010 Cobalt International Energy named Michael D. Drennon as Executive Vice President and General Manager, Cobalt Angola effective April 1, 2010.

Cobalt International Reports '09 Financial Results
Tuesday, March 30, 2010 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.

Cobalt Taps Ocean Monarch for North Platte Prospect
Tuesday, March 09, 2010 Cobalt has executed a Rig Assignment Agreement with Anadarko providing for the assignment to Cobalt of Diamond Offshore's Ocean Monarch semisub.

Cobalt International Elects New Board Member
Friday, February 26, 2010 Cobalt International announced the election of Dr. Myles W. Scoggins to Cobalt's Board of Directors.

Cobalt Updates on Blocks 9 and 21, Offshore Angola
Wednesday, February 24, 2010 Cobalt has executed Risk Services Agreements for Blocks 9 and 21 offshore Angola with the national oil company Sonangol

FMC Technologies to Support Cobalt's Offshore Efforts
Thursday, February 11, 2010 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.

Cobalt Reaches Total Depth at Criollo Prospect
Friday, January 29, 2010 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.

Cobalt Divulges Spud Dates for Next 2 GOM Wells
Friday, January 29, 2010 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.

Cobalt Earmarks $430MM for 2010 Capex
Friday, January 29, 2010 Cobalt's Board of Directors has approved a 2010 capital program of $430 million.

Jack Golden Joins Cobalt's Board of Directors
Friday, January 29, 2010 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.

Cobalt Closes Over-Allotment Option
Friday, January 08, 2010 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.

Cobalt International Energy Names New Chief Financial Officer
Tuesday, May 19, 2009 Cobalt International Energy named Rodney Gray as Chief Financial Officer and Executive Vice President, effective June 1, 2009.

Cobalt, Sonangol Join Forces for Deepwater GOM, Angola Exploration
Thursday, April 23, 2009 Cobalt and Sonangol jointly announced the formation of a major partnership in the deepwater Gulf of Mexico and the deepwater offshore Angola.

Total Teams Up with Cobalt for Deepwater GOM Exploration
Monday, April 06, 2009 Total has entered into several agreements with Cobalt International Energy to jointly explore 12 leases in the deepwater Gulf of Mexico.

Anadarko Scores Again in Deepwater GOM with Shenandoah
Wednesday, February 04, 2009 Anadarko discovered 300 feet of net oil pay at the Walker Ridge 52 Shenandoah field.

Anadarko Strikes Oil at Heidelberg Prospect in Deepwater Gulf of Mexico
Monday, February 02, 2009 Anadarko made a substantial oil discovery at its Heidelberg prospect in the deepwater Gulf of Mexico.

Mariner Scores 3: Oil, Gas Unlocked in Gulf of Mexico
Monday, February 02, 2009 Mariner has announced three discoveries in the Gulf of Mexico.

Oil and Gas Lease Sales in Gulf of Mexico Attract $3.7 Billion
Wednesday, March 19, 2008 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.

MMS: Central GOM Sale 205 Nets More Than $2 Billion in High Bids
Monday, March 03, 2008 Using the bid evaluation process, MMS rejected high bids totaling $18,509,402 on 18 tracts as insufficient for fair market value.

First Reserve Commits $350 Million to Cobalt
Monday, December 03, 2007 Cobalt International Energy says that First Reserve has joined its investor group with a $350 million commitment.

Big Bidders: Central GOM Lease Sale 205
Wednesday, October 03, 2007 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.

Cobalt: Aggressive Governments Unexpected Obstacle
Thursday, February 15, 2007 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.

Western Gulf of Mexico Sale 200 Nets $331,950,865 in High Bids
Monday, November 20, 2006 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.