Search results for: Cobalt International

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  • 4 January 2013

    Cobalt International Energy, a Houston-based oil company, announced today that its 2013 cash expenditures are estimated to be $750-$900 million. The range is primarily dependent on the appraisal and development activity associated with existing discoveries. Cobalt also announced that Joseph H. Bryant, Cobalt’s Chairman and Chief Executive Officer, will participate in the 2013 Goldman Sachs […]

  • 22 June 2016

    Angola’s state-owned oil company Sonangol has reportedly provided an estimate of the reserves found in the Kwanza basin, offshore Angola. According to a Reuters article on Wednesday titled: “Angola state oil firm finds gas in Kwanza basin“ the oil and gas company said the reserves could total 813 million barrels of oil equivalent. The news […]

  • 24 August 2015
    Business & Finance

    Sonangol, a company responsible for the management of oil and gas reserves in Angola, and Cobalt International Energy, Inc. on Monday announced the signing of a Sale and Purchase Agreement for Sonangol to acquire all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11 offshore Angola. Sonangol will acquire the interest in two blocks […]

  • 26 January 2014

    Cobalt International Energy, Inc.  has, in partnership with the National Concessionaire Sonangol and the Block 21 partners, announced the first discovery in the Syn-rift interval in the Bicuar #1A Pre-salt deepwater exploratory well offshore Angola.   The well was successfully drilled to a measured depth of 5,739 meters and encountered approximately 56 meters (180 feet) […]

  • 15 December 2017
    Business & Finance

    Cobalt International Energy and certain of its U.S. affiliates have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. 

  • 13 June 2012

    Cobalt International Energy has announced that drilling at its Cameia #2 appraisal well in Block 21, offshore Angola continues. Cobalt expects to announce the results of this appraisal well as soon as drilling operations are completed and logging/test results have been evaluated, sometime in the next 30 to 60 days. Following completion of operations on […]

  • 10 April 2015

    Cobalt International Energy, Inc. has plugged and abandoned its North Platte #2 appraisal well in the deepwater U.S. Gulf of Mexico due to a seal failure in the riser connection system. The well, which was being drilled with the Rowan Reliance drillship, was at a depth of 20,701 feet when the problem with the riser […]

  • 2 May 2014
    Business & Finance, Project & Tenders

    Cobalt International Energy, Inc. has  announced a net loss of $57 million, or $0.14 per basic and diluted share for the first quarter of 2014, compared to a net loss of $128 million, or $0.31 per basic and diluted share, for the first quarter of 2013. Capital and operating expenditures (excluding changes in working capital) […]

  • 29 January 2014
    Business & Finance

    Cobalt International Energy, Inc. announced the resignation of Kenneth A. Pontarelli and Peter R. Coneway from its Board of Directors, each effective yesterday, January 28. Pontarelli is a Managing Director in the Merchant Banking Division of Goldman, Sachs & Co. and has been a Director of Cobalt since the Company’s inception in November 2005. Coneway […]

  • 9 June 2014
    Business & Finance

    Air Energi Group, the global workforce solutions provider for the oil and gas industry, has been awarded a contract to provide global exploration company, Cobalt International Energy, with regional support services in Malaysia. The nine month agreement – with an 18 month extension option – will see Air Energi deliver regional support services to the […]

  • 29 May 2013
    Business & Finance

    Cobalt International Energy, Inc. announced the resignation of each of Michael G. France, N. John Lancaster and Scott L. Lebovitz from its Board of Directors, each effective immediately. France resigned as a Class III Director of Cobalt effective immediately. France is a Managing Director of First Reserve Corporation and has been a Director of Cobalt […]

  • 30 October 2012
    Business & Finance

    Houston-based Cobalt International Energy, Inc. today announced a net loss of $39 million, or $0.10 per basic and diluted share, for the third quarter of 2012, compared to a net loss of $47 million, or $0.12 per basic and diluted share, for the third quarter of 2011. Total expenditures (excluding changes in working capital) for […]

  • 29 August 2011
    Business & Finance

    Cobalt International Energy, Inc.today provided the following update on its West Africa drilling program. 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. After drilling and evaluating the Cameia-1 prospect, Cobalt will drill the Bicuar-1A well […]

  • 10 February 2012
    Business & Finance

    Cobalt International Energy, Inc.  today provided additional data confirming the significance of its Cameia Pre-salt oil discovery in Block 21 offshore Angola. The Cameia-1 Well was drilled in 5,518 feet (1,682 meters) of water to a total depth of 16,030 feet (4,886 meters), at which point an extensive wire line evaluation program was conducted. The […]

  • 11 August 2010

    Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8503, the fourth of seven ENSCO 8500 Series® semisubmersible drilling rigs being built exclusively for Ensco plc. ENSCO 8503 is scheduled to commence a two-year primary term with Cobalt International Energy, L.P. in the Gulf of Mexico in early 2011.

  • 20 December 2011
    Business & Finance

    Cobalt International Energy, Inc. has signed the Production Sharing Contract for Block 20 offshore Angola. Cobalt has been named the operator of Block 20 and has a 40% working interest in the block under this agreement. Other partners in Block 20 include Sonangol Pesquisa e Produção, S.A. (30%), BP Exploration Angola (Kwanza Benguela) Limited (20%) […]

  • 13 July 2017
    Business & Finance

    Houston-based oil company Cobalt International Energy has expanded its Anchor unit in the U.S. Gulf of Mexico with two additional units.  Namely, Cobalt has entered into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt’s two leases immediately south of the current Anchor unit, Green Canyon blocks 850 and 851, […]

  • 2 June 2010
    Business & Finance

    Cobalt International Energy, Inc. (“Cobalt”) today announced that it had invoked the force majeure provision under the drilling contract with Diamond Offshore Company for the Ocean Monarch drilling rig. This rig was moored and ready to begin drilling operations at the location of our North Platte #1 exploratory well on Garden Banks 959. The reason […]

  • 2 August 2016

    Cobalt International Energy has informed it is unlikely that its sale agreement with Sonangol for two blocks offshore Angola will close.  The deal, worth $1.75 billion, according to which Sonangol was to acquire all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11 was made in August 2015. According to Cobalt’s second quarter 2016 update on Tuesday, […]

  • 13 June 2012

    Cobalt International Energy, Inc. today announced that its Ligurian #2 exploratory well on Green Canyon Block 814 in the U.S. Gulf of Mexico had reached objective total depth after having drilled through all of the targeted Miocene formations. The well failed to encounter commercial hydrocarbons and will be plugged and abandoned. Once these plugging operations […]

  • 9 February 2017

    The U.S. Department of Justice has completed its corruption investigation of the Houston-based oil company Cobalt International Energy leaving the company in the clear.  Cobalt informed on Thursday the company has received a letter from the DOJ saying the department has closed its Foreign Corrupt Practices Act (FCPA) investigation into Cobalt’s operations in Angola. The FCPA […]

  • 7 July 2016
    Business & Finance

    Cobalt International Energy, a Houston-based exploration and production company, has named David Powell, a former BHP Billiton man, as the company’s new Chief Financial Officer (CFO) and Executive Vice President (VP). This is the second time in only a couple of months for a BHP Billiton man to be named to an executive position in […]