Search results for: Cobalt

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  • 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 […]

  • 26 August 2015
    Business & Finance

    Cobalt International Energy, an exploration and production company, focused in offshore North America and West Africa, has named Shannon E. Young, III as new Chief Financial Officer (CFO) and Executive Vice President. Young is currently Senior Vice President & Chief Financial Officer for Talos Energy LLC. He replaces John P. Wilkirson, who has, according to Cobalt, indicated his desire to […]

  • 29 October 2013

    Cobalt International today announced discoveries at its Lontra #1 and Mavinga #1 deepwater Pre-salt exploratory wells offshore Angola. On Block 20, the Lontra #1 well has reached total depth, and the drilling and evaluation results confirm an oil and gas discovery. Further evaluation, including a drill stem test, is required to assess Lontra’s potential. Cobalt […]

  • 14 March 2017
    Business & Finance

    Oil exploration company Cobalt International Energy is in dispute with the Angolan state-owned oil company Sonangol over impairment charges related to its assets in Angola.  Cobalt on Tuesday reported a net loss of $1.87 billion for the fourth quarter of 2016, compared to a net loss of $486.8 million for the fourth quarter of 2015. […]

  • 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 June 2011
    Business & Finance

    Cobalt International Energy, Inc.  today provided the following update on its West Africa and U.S. Gulf of Mexico drilling programs. West Africa Drilling Program Cobalt has received notification that the Ocean Confidence drilling rig, which is currently under assignment to an Angolan affiliate of Total S.A., will be returned to Cobalt on Block 21 on […]

  • 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 […]

  • 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 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 […]

  • 22 December 2011
    Business & Finance

    Cobalt International Energy, Inc. announced today that the Ensco 8503 drilling rig, contracted to Cobalt, has returned to the U.S. Gulf of Mexico following a sublet of the rig to drill a well in French Guiana. Cobalt received the required U.S. Coast Guard Certificate of Compliance and has subsequently received APD approval from the Bureau […]

  • 8 August 2017

    Oil and gas exploration firm Cobalt International has yet to resolve a dispute with Angolan state-owned oil company Sonangol over impairment charges related to its assets in Angola. To remind, Sonangol in August 2015 agreed to buy all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11 offshore Angola for $1.75 billion. A year later, it became […]

  • 19 August 2013

    Cobalt International Energy, Inc today provided an update on its deepwater drilling operations in West Africa and the Gulf of Mexico, and announced that it has entered into a new rig contract.  In West Africa, the Total Gabon operated Diaman #1B well, drilled on the Diaba block in offshore Gabon, has reached its total depth […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 20 January 2014
    Business & Finance

    Cobalt International Energy, Inc.  has announced the appointment of Gregory S. Sills as Executive Vice President and Chief Development Officer with accountability for the planning and execution of Cobalt’s worldwide projects. This appointment is effective January 27, 2014. Sills brings to Cobalt more than 34 years of industry experience in global Upstream project management. Sills […]

  • 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, […]

  • 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 […]

  • 1 March 2017

    Houston-based oil company Cobalt International Energy is in violation of the listing standard at The New York Stock Exchange (NYSE) with a six month deadline to regain compliance.  Cobalt announced that on February 27, 2017, it was notified by NYSE that the company is no longer in compliance with certain continued listing standards that are applicable […]

  • 23 August 2016
    Equipment

    Cobalt’s proposed sale of interest in two offshore blocks in Angola to the state-run oil firm Sonangol has fallen through, as expected. The Houston-based oil exploration and production company Tuesday said that the purchase and sale agreement for Cobalt’s 40% participating interest to Sonangol expired on August 22, and was thus terminated. To remind, earlier this […]

  • 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. 

  • 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 […]