Angola's Sonangol Settles Cobalt Energy Dispute with $350 mln Payment
Angola's state energy firm Sonangol said on Friday it made a $350 million payment this month to Cobalt International Energy to settle a dispute over oil block sales.Cobalt had filed arbitration requests last year seeking in excess of $2…
Fieldwood Hungry for US Offshore Output
The Chief Executive of offshore oil and gas driller Fieldwood Energy LLC, Matt McCarroll, says he is not scared of the hurricanes, geological risks and costs that keep some oil companies out of the Gulf of Mexico. Instead, he is doubling down.
Total Snaps up GoM Assets
French oil major Total said it had bought several assets in the Gulf of Mexico for around $300 million, as part of the Cobalt International Energy company’s bankruptcy auction sale. Total said it was buying a 20 percent stake in the North Platte asset.
Statoil Buys U.S. GoM Deepwater Discovery
Statoil and Total have completed their acquisition of Cobalt international Energy's 60 pct operated interest in North Platte discovery in US Gulf of Mexico for an aggregate purchase price of USD 339 million. The partners had jointly presented…
BP's Mad Dog Leads the Way Back to GoM
BP Plc's decision to move ahead with a $9 billion project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore plans postponed during crude's price rout. Exploration and development…
Semple, Utt Join Teekay Board of Directors
Teekay Corporation announced today that Alan Semple and Bill Utt have each accepted an invitation to join Teekay's Board of Directors, effective immediately. Semple and Utt will replace William B Berry and Dr. Ian Blackburne who have announced…
Chevron Hits at Anchor Appraisal
Chevron Corporation today announced the successful appraisal of the Anchor discovery in the Lower Tertiary Wilcox Trend. “The positive results of our appraisal work at Anchor indicate a significant discovery of potentially hub class scale…
Sonangol to Buy Cobalt's Stake in 2 Offshore Blocks
Angolan state oil company Sonangol said it would buy oil and gas producer Cobalt International Energy Inc's 40 percent stake in two oil blocks offshore Angola for $1.75 billion. Cobalt operates three blocks covering 3.4 million acres off the Angolan coast.
Sonangol to buy Stake in Cobalt Offshore Blocks
Angolan state oil company Sonangol said it would buy oil and gas producer Cobalt International Energy Inc's 40 percent stake in two oil blocks offshore Angola for $1.75 billion. Cobalt operates three blocks covering 3.4 million acres off the Angolan coast. Reporting by Anannya Pramanick
Chevron Makes Oil Discovery in Deepwater US Gulf
Chevron Corporation announced an oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. “The Anchor discovery, along with the previously announced Guadalupe discovery…
Cobalt Makes Biggest Oil Find yet off Angola
U.S. firm Cobalt International Energy has discovered significant quantities of oil offshore Angola, state oil firm Sonangol said, calling the find the biggest so far in the promising pre-salt layer in the Kwanza Basin. Oil drillers hope…
18 O&G Leaders Appointed to NOIA Board
The National Ocean Industries Association (NOIA) appointed 18 industry leaders to its Board of Directors on April 10, 2014 during its Annual Meeting in Washington, DC. Benjamin G. Mark Meunier, Vice President, Business Development, Kiewit Offshore Services, Ltd.
