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Larry Archibald, senior vice-president, Exploration and Business Development said, "ConocoPhillips is pleased to become part of the Bangladesh oil and gas community.
ConocoPhillips (NYSE:COP) announced it has signed a deal today with the Government of Bangladesh and Petrobangla, the Bangladeshi state oil company, to explore for oil in two deepwater blocks in the Bay of Bengal.
ATP Oil & Gas (ATPG) is up after it says it received a permit to complete the previously drilled #2 well at Green Canyon Block 300 in the deepwater Gulf of Mexico.
The company is negotiating leases on two deepwater blocks in Angola, exploring for oil and gas in the deepwater area of the Gulf of Mexico, and is active in exploring for resources in Poland. It has rights to one million acres in
ConocoPhillips is up 1.56% to $80.04, helped by the general bullish sentiment on energy shares Wednesday, as well plans to expand its operations in Angola, the Gulf of Mexico and Poland.
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
Citigroup believes Transocean (RIG), Noble Corporation (NE) and Diamond Offshore (DO) are positioned to benefit the most from the resumption of Gulf of Mexico deepwater drilling permits. The firm reiterates Buy rating on all three
Noble (NE) has signed a contract with Hyundai Heavy Industries for the construction of two ultra-deepwater drillships, increasing the company's number of floating drilling units to 26, 14 of which are dynamically positioned. The n
Shares of Chevron (CVX) are higher as the U.S. oil major gives the green light on a massive $4 billion deepwater development in the Gulf of Mexico dubbed "Big Foot," according to several reports. The development will be the refine
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Exide Technologies (NASDAQ:XIDE) traded at a new 52-week low today of $0.39. So far to ...
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MEMC Electronic Materials (NYSE:WFR) traded today at a new 52-week high of $7.52. Appr ...
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Shares of Wendy's/Arby's Group (NASDAQ:WEN) traded at a new 52-week high today of $6.23 ...
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Valeant Pharmaceuticals International (NYSE:VRX) traded today at a new 52-week high of ...
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Vanda Pharmaceuticals (NASDAQ:VNDA) traded at a new 52-week high today of $8.60. Appro ...
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TeleNav (NASDAQ:TNAV) traded at a new 52-week low today of $4.91. So far today approxi ...
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Shares of Stewart Enterprises (NASDAQ:STEI) traded today at $9.83, breaking its 52-week ...
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Semiconductor Manufacturing (NYSE:SMI) traded at a new 52-week high today of $4.41. So ...
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,...
