Cobalt International Energy

Cobalt International Energy was an American oil exploration and production company focused on deepwater oil fields in the Gulf of Mexico and offshore West Africa. Founded in the early 2000s, the company aimed to discover and develop large oil reserves. It engaged in extensive drilling and exploration activities but faced challenges such as fluctuating oil prices and rising costs. Cobalt was known for its innovative approaches in the energy sector but filed for bankruptcy in 2017 due to financial difficulties. Its operations reflected the complexities and risks associated with the oil and gas industry.