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Superior Well Services, Inc. Announces Fourth Quarter and Year-End 2009 Results (PR Newswire)
Superior Well Services, Inc. , a provider of wellsite solutions specializing in technical pumping and completion, down-hole surveying and fluid logistic services, today announced a net loss for the three months ended December 31, 2009 of $15.2 million, or a $0.58 loss per diluted share, compared to net income of $11.9 million, or $0.48 per diluted share, in the same period in 2008.
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TransMontaigne Partners L.P. Announces Filing of Annual Report on Form 10-K for the Year Ended December 31, 2009 (Business Wire)
DENVER----TransMontaigne Partners L.P. today announced the filing with the Securities and Exchange Commission on Monday, March 8, 2010, of its Annual Report on Form 10-K containing the Partnership’s complete audited financial statements for the year ended December 31, 2009.
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Construction Begins on Fayetteville Express Pipeline (Business Wire)
DALLAS & HOUSTON----Fayetteville Express Pipeline, L.L.C., today announced that construction has begun on the Fayetteville Express Pipeline , a 50/50 joint venture between Energy Transfer Partners, L.P. and Kinder Morgan Energy Partners, L.P. .
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Stock futures signal dip; Texas Instruments eyed
(Reuters) - Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.36 percent, Dow Jones futures down 0.26 percent and Nasdaq 100 futures down 0.23 percent at 1049 GMT (5:49 a.m. ET).
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World equities up 73 percent a year after crisis low
LONDON (Reuters) - Equities have had a volatile 2010 so far, but globally they remain around 73 percent higher than the low ebb of the financial crisis exactly 12 months ago.
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Photographer Annie Leibovitz snaps up debt rescue deal
Photographer Annie Leibovitz does a deal with Colony Capital to clear huge debts that meant she may have lost her library of famous pictures.
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Fuel fighters
Boeing wins lucrative mid-air refuelling battle
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Cost cutters
Paying when companies shed pensions liabilities
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Rowan CEO received compensation worth $3.7 million (AP)
The first-year CEO of Rowan Cos. received compensation valued at more than $3.7 million in 2009, according to an analysis by The Associated Press.
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Parker Drilling to borrow $300M (AP)
Parker Drilling said Monday that it wants to borrow $300 million that will be used to pay off existing debt and for general corporate purposes.
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China North East Petroleum Clarifies Non-Cash Accounting Adjustments to Previously Issued 2008 and 2009 Financial Statements (PR Newswire)
China North East Petroleum Holdings Ltd. , a leading independent oil producing and oilfield services company in Northern China, today announced the impact of its previously announced need to revise its 2008 and 2009 financial statements to account for non-cash accounting adjustments.
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Pacific Asia Petroleum raises $17.5M in offering (AP)
Oil and gas producer Pacific Asia Petroleum Inc. said Monday it raised $17.5 million in a direct offering of stock to institutional investors.
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Npower will cut gas bills by 7%
Energy company Npower is to cut domestic gas bills by 7% from 26 March, following price cuts by other suppliers.
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OSL Provides Update on Fuel Supply Project in Nigeria
Engineers from Hull gas and oil consultancy OSL have successfully completed work on the initial phase of a multimillion pound fuel supply project in Nigeria. The OSL team has spent five month
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Gulfport Energy Corporation Reports Fourth Quarter and Year-End 2009 Results (GlobeNewswire)
OKLAHOMA CITY -- Gulfport Energy Corporation today reported financial and operational results for the quarter and year ended December 31, 2009, and provided updates on its 2010 activities.
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Chevron Well-Positioned for Future Growth
Chevron Corporation enters the decade with an upstream portfolio of major capital projects that uniquely positions the company for future growth executives said today at a meeting with financial anal
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Statoil and Partners Reach Agreement on Chirag Oil Project Development
An important new step was taken on 9 March to further develop the giant AzeriChiragGunashli oil field in Azerbaijan when Statoil and the ACG partnership signed a USD 6 billion investment agreement t
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Global Offshore Drilling Expenditure is Expected to Grow According to GBI Report
GBI Research has released its latest research on the Oil amp Gas Industry. Please find attached key findings from the study titled The Future of the Offshore Drilling Industry to 2015 Market Ana
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Anadarko Announces Cash Tender Offer (Business Wire)
HOUSTON----Anadarko Petroleum Corporation today announced that it has commenced a cash tender offer for up to $1 billion aggregate principal amount of specified series of its outstanding debt.
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RAM Energy Resources Announces Conference Call to Review Fourth Quarter and Year-End 2009 Results (Business Wire)
TULSA, Oklahoma----RAM Energy Resources, Inc. today announced that it will hold a conference call to review fourth quarter and full year 2009 on Wednesday, March 10, 2010 at 9:00 a.m.
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FieldPoint Petroleum Corporation Provides Update (Business Wire)
AUSTIN, Texas----FieldPoint Petroleum Corporation today announced that production is averaging more than 300 BOEPD . This includes production for the fourth quarter of 2009 and up to this point in the first quarter of 2010.
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Bronco Drilling Company, Inc. Announces Fourth Quarter and Fiscal Year 2009 Results (Business Wire)
OKLAHOMA CITY----Bronco Drilling Company, Inc., , announced today financial and operational results for the three months and twelve months ended December 31, 2009.
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Sasol Limited Interim Financial Results for the Six Months Ended 31 December 2009 (PR Newswire)
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Burger King sees weak Q3, blames weather
NEW YORK (Reuters) - Burger King Holdings Inc expects lower third-quarter revenue and restaurant margins in the U.S. and Canada as bad weather in the central and eastern United States kept diners away.
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U.S. seeks 335 years for ill Petters in ponzi case
NEW YORK (Reuters) - Federal prosecutors said Tom Petters should be sentenced to 335 years in prison for running a $3.65 billion Ponzi scheme, while defense lawyers pleaded for mercy, saying their client has a tumor on his pituitary gland.
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Kroger profit shrinks, but beats Wall Street
NEW YORK (Reuters) - Supermarket operator Kroger Co posted a higher-than-expected profit though margins fell on higher health care and labor costs, and it raised the upper limit of its full-year forecast.
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Jacobs Receives Two-Year Contract from Canaport LNG
Jacobs Engineering Group Inc. announces that it received a twoyear contract from Canaport LNG for the provision of maintenance and related services at the companys LNG Terminal in Saint John New Br
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Frontier Resources Signs Strategic Consulting Agreement with ResCom-Shelf
Frontier Resources International Plc the oil and gas exploration and production company announces the signing of a strategic consulting agreement with ResComShelf an integrated Russian resource com
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B&W and Fluor Form Alliance to Market Carbon Capture Technology
McDermott International Inc. announces that one of its subsidiaries Babcock amp Wilcox Power Generation Group Inc. BampW and Fluor Corporation have formed a strategic alliance to mar
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Endeavour posts 4Q loss on falling revenue (AP)
Independent oil and gas exploration company Endeavour International Corp. on Tuesday posted a fourth-quarter loss and projected an 32 percent cut in 2010 capital spending.
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Sen Corker says sides nearing on consumer watchdog
WASHINGTON (Reuters) - Members of the Senate Banking Committee drafting financial reform have "about reached a balance" on the controversial consumer watchdog proposal, Republican Senator Bob Corker said on Tuesday, indicating a bipartisan deal could be reached soon.
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U.S. millionaire ranks up 16 percent last year: study
CHARLOTTE, North Carolina (Reuters) - The number of U.S. households with a net worth of at least $1 million jumped 16 percent last year after dipping sharply during the financial crisis, an industry consulting group said on Tuesday.
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North Sea Helicopter Traffic Safety Improves with Sensis Wide Area Multilateration
NATS Services is now using Sensis Corporations Wide Area Multilateration WAM system in the North Sea off the coast of Scotland for helicopter flight following. Air traffic controllers are using the
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Treaty Energy Announces Resignation of Its President
Treaty Energy Corporation a growthoriented energy company in the oil and gas industry announces that on March 2 2010 Joe Grace resigned as a director and President and Chief Operating Officer of
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Npower Follows Rivals With Gas Price Cut
Energy firm npower has followed three of its rivals by announcing a gas price cut of up to 7% in standard bills.
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Far East Energy Announces $5 Million Registered Direct Offering (PR Newswire)
Far East Energy Corporation announced today that it has entered into definitive agreements with certain institutional investors to sell in a registered direct offering an aggregate of approximately 11.66 million shares of its common stock at a price of $0.43 per share for aggregate gross proceeds of $5.01 million. In addition, Far East will, at closing, issue to the Investors warrants, which will become exercisable after closing for a period of 5 years and will provide the holders the right to purchase up to an additional 4.66 million shares in the aggregate at an exercise price of $0.80 per share. If fully exercised for cash, the warrants would result in additional gross proceeds to the company of approximately $3.73 million.
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The Shuman Law Firm Announces Investigation on Behalf of Smith International, Inc. Shareholders (Business Wire)
BOULDER, Colo.----The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty and other violations of state law on behalf of shareholders of Smith International, Inc. in connection with the proposed merger with Schlumberger Limited .
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AIG devises new formula for employee bonuses: report
(Reuters) - American International Group Inc has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.
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BofA ending overdraft fees on debit cards
NEW YORK/CHARLOTTE, North Carolina (Reuters) - Bank of America said on Tuesday it will no longer charge overdraft fees on debit card purchases as of this summer, a move that may cost millions in fee income.
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Economists trim 2011 U.S. growth forecast
WASHINGTON (Reuters) - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
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Oil slips for 2nd day before U.S. inventories
SINGAPORE (Reuters) - Oil fell toward $81 a barrel on Wednesday in volatile trade as expectations for a gain in U.S. crude stockpiles offset surging Chinese imports.
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Northern Rock sees reduced losses
Northern Rock says that it made "good progress" in 2009, after reporting a sharp fall in its annual losses.
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BA strike action talks to resume
Talks aimed averting strike action by BA cabin crew are due to resume later, after a deadline was extended.
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UK industrial output falls back
Industrial production in the UK fell unexpectedly in January, official data has shown.
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Standard Life enjoys profit boost
Insurance firm Standard Life reports better-than-expected profits and unveils plans for a further cost-cutting.
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Payment protection rules delayed
The Financial Services Authority is delaying its plans to combat the mis-selling of payment protection insurance.
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Robert Peston
Can taxpayers profit from Northern Rock?
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Dotcom Crash
10 years on from when the Nasdaq bubble burst
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Royal junk mail
Why postal reforms are good news for direct mailers
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Wind power?
Can you fit a wind turbine in a housing estate?
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Aer Lingus to make 670 job cuts
Aer Lingus announces plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of restructuring plans.
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Sony eyeing June launch of 3D TV
Electronics giant Sony says its new 3D television will be on sale in Japan from June, with a cost of £2,600 for a 46-inch screen model.
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Cardiff to face winding-up order
Cardiff City are set to return to the High Court to face a third winding-up order over £1.75m owed to the taxman.
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Rugby drink ban difficult to swallow
Pub and club owners go to court to overturn a drink ban in place during the Munster v Leinster game on Good Friday.
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Ascent Resources Provides Hungarian Testing and Production Update
Ascent Resources plc the AIMtraded oil and gas exploration and production company through its subsidiary PetroHungaria kft has successfully tested and completed the PEN101 well in the Penés
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New Standard Energy to Open Australian Shale Gas Province
New Standard Energy New Standard will accelerate the progress of its shale gas exploration acreage in Western Australias Canning Basin following an internal and external review of the shale gas pros
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Tullow Oil Reports 2009 Full Year Results
Tullow Oil plc Tullow the independent oil and gas exploration and production group announces its results for the year ended 31 December 2009. Results summary The reported financial results for
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TGS Continues Expansion of Indonesia 2D Program
TGS confirmed today the continuation of its multiclient 2D seismic acquisition program in offshore Indonesia. An additional 7300 kilometers of 2D seismic data is now being acquired in three areas al
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E.ON Posts Stable Earnings Despite Economic Crisis
Adjusted EBITDA of 13.5 billion up by 1 percent 2009 adjusted EBIT of 9.6 billion only just below the prioryear figure Pershare dividend of 1.50 at high prioryear level Adjusted net inco
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GNS Science Sees Positive Signs for Reinga Basin in New Zealand
GNS Science says that seismic and satellite data show that the Reinga Basin off the northwest coast of the North Island is one of the most prospective frontier basins in the New Zealand region. In
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Denbury and Encore Merger Approved
Denbury Resources Inc. and Encore Acquisition Company have jointly announced that they have received the requisite stockholder approval to merge Encore with and into Denbury. Special meetings of the s
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EIA Reviews Short-Term Energy Outlook
Highlights Although spot crude oil prices continue to fluctuate on a daily basis EIAs projections for West Texas Intermediate WTI crude oil spot prices have remained relatively stable over
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Banks Pushed To Reveal Number Of £500k Staff
Sky sources say banks would be forced to disclose the number of employees earning more than £500,000 under new Government plans.
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Rock Pays £15m Bonuses After Cutting Loss
Nationalised lender Northern Rock is to pay out £14.9m in bonuses after a sharp reduction in losses last year.
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New Deadline Looms For BA Strike Talks
Hopes of a deal to avert a strike by thousands of British Airways cabin crew hang in the balance after a deadline to reach an agreement was extended.
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Denbury, Encore shareholders approve acquisition (AP)
Denbury Resources Inc., an oil and gas company, said shareholders have approved its plan to acquire Encore Acquisition Co., the company said Tuesday.
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Enterprise Products Partners to Present at Barclays Capital Conference (Business Wire)
HOUSTON----Enterprise Products Partners L.P. today announced that W. Randall Fowler, executive vice president and chief financial officer of Enterprise’s general partner, is scheduled to present at the Barclays Capital Investment Grade Energy and Pipeline Conference at 4:30 p.m.
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Welsh oil refinery sale spurs job fears (at FT.com)
Chevron has put up for sale a petrochemicals refinery in Pembroke, west Wales, that employs 1,400 people. It said the move reflected global overcapacity in refining and its mission to locate more production in fast-growing Asian markets.
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MarketWatch First Take: Deconstructing the refining sector (at MarketWatch)
The problem facing Chevron, and almost everyone else in the world of Big Oil, is that the price of crude oil has been rising faster than they can jack up fuel prices.
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Google, Exxon Mobil: Money Flow Leaders (GOOG, XOM) (at The Wall Street Journal Online)
Google, Exxon Mobil: Money Flow Leaders Markets Data Center: Money Flow Leaders.
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Energy Stocks: Energy stocks end mixed; natural gas shares rise (at MarketWatch)
Energy stocks retreated as crude oil prices fell and Chevron moved to cut 2,000 jobs in its downstream operations.
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Summary Box: Chevron to lay off 2,000 workers (AP)
JOB CUTS: Chevron Corp. will cut 2,000 jobs this year in its struggling refinery, marketing and transportation operations. That is about 12 percent of the 17,000 workers in the downstream business and just over 3 percent of the overall work force.
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Approach Resources Inc. Reports Results for Fourth Quarter and Year End 2009 (Business Wire)
FORT WORTH, Texas----Approach Resources Inc. today reported financial and operating results for the fourth quarter and year ended December 31, 2009. Highlights for the year ended December 31, 2009 include: Production of 8,808 MMcfe Net loss of $5.2 million, or $0.25 per diluted share Adjusted net income of $3.3 million, or $0.16 per diluted share EBITDAX of $36.7 million, or $1.75 per diluted share Long-term debt-to-capital ratio and liquidity of 13% and $85.4 million, respectively
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U.S. to delay BAE export licenses after plea deal (Reuters)
The U.S. State Department said on Tuesday it would delay action on any new export license requests by BAE Systems Plc after the British military contractor pleaded guilty to violating several U.S. laws.
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Energy Transfer to Present at 2010 Barclays Capital Conference (Business Wire)
DALLAS----Energy Transfer Partners, L.P. today announced that representatives from ETP will make a presentation at the Barclays Capital Investment Grade Energy and Pipeline Conference being held in New York, New York on March 10-11, 2010.
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ETP Builds New Pipeline (Zacks.com)
With an initial capacity to transport up to 2 billion cubic feet per day of natural gas, the pipeline will serve the Fayetteville Shale-producing region in Arkansas.
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Economic storm not over, says PM
Gordon Brown warns of economic storms ahead but vows not to "let you down" as the date of the Budget is announced.
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Cathay Pacific returns to profit
Cathay Pacific reports a return to full-year profit as cost cutting and bets on the price of fuel pay off.
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German exports fall unexpectedly
German exports fell unexpectedly in January, with analysts saying that the cold weather that month was to blame.
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£10m to get students into sport
Universities are to be given £10m of National Lottery money to encourage more students to get involved in sport.
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ASCI Inks Agreement with BP Alaska
Advanced Supply Chain International LLC ASCI and BP Exploration Alaska Inc. have signed a new contract for supply chain management services ASCI has announced. The contract will replace
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EMI name ex-ITV chief as chairman
Troubled record company EMI - whose artists include Coldplay - has named former ITV boss Charles Allen as its new chairman.
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Oil price fall hits Tullow profit
Oil firm Tullow says profits for 2009 fell by 93% but it is optimistic after major new discoveries in Uganda and Ghana.
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Former Cabbie Convicted Over £34m Fraud
A fraudster who conned investors out of millions of pounds using a "pyramid" scheme was has been found guilty of 14 counts of theft and deception, the Serious Fraud Office said.
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