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The company stated, "The fourth quarter net loss attributable to common shareholders included costs associated with the moratorium on deepwater drilling in the Gulf of Mexico, impairments at several Gulf of Mexico shelf properties
ATP Oil & Gas Corporation (NASDAQ:ATPG) reported a Q4 loss of $4.06 per share, compared to a loss of $0.80 per share in Q4 2009. Revenue for the quarter however was up 90.7% year-over-year to $141.75 million, below the consens
Shares of Exxon Mobil (XOM) are down after Bloomberg reported the oil major is planning to spend $100 million a day for the next five years on capital projects such as natural-gas plants and new oil wells. Speaking at an analyst m
The company has reaffirmed its projection that it will spud 36 net wells during 2011, and that it will produce an average of 6,500 barrels of oil equivalent per day for the year.
Northern Oil and Gas (NYSE:NOG) reported Q4 EPS of $0.13, below consensus estimates of $0.15 per share. Revenues for the quarter were up 54% year-over-year to $23.9 million, slightly below consensus estimates for $24.2 million.
Oil production in Q4 was 161,279 barrels, a 19% increase sequentially from 135,473 barrels in Q3. The total number of wells in production as of December 31, 2010 were 295 compared to 289 wells in production as of December 31, 2009
Its unit Tiancheng, completed drilling contracts for 35 wells with total drilling depth of 61,935 meters (203,199 feet) in Q4.
China North East Petroleum (NEP) says crude oil production for the full year 2010 totaled 723,154 barrels, a 20% decrease from 2009.
The Ohio teachers' pension plan is suing Wells Fargo (WFC) for improperly investing the plan's funds, according to Courthouse News. The fund, which claims it lost nearly $30M as a result of the bank's improper investments, alleges
Citigroup raised its price target from $50.00 to $55.00 on Friday for Ensco (NYSE:ESV), with a Hold rating maintained. Citigroup lifted its 2010 EPS estimate for the firm from $3.50 to $3.45, but lowered its 2011 EPS estimate fro
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
