McMoRan posts $145m loss for 2012

Sliding fortunes: McMoRan sees four loss-making quarters in a row

McMoRan Exploration has reported its fourth quarterly loss in a row and a loss for the full year, as lower production and higher costs resulting from successive troubles with its key Davy Jones 1 well hit home.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?