San Antonio-based refiner Tesoro Corp. said today that it expects to report a net loss of 55 cents to 80 cents a share for the fourth quarter of 2011 – significantly below analysts’ expectations. More »
GM is advising Volt owners to return their electric cars to dealers for repairs that will lower the risk of battery fires. The company hopes that, by adding steel to the plates protecting the batteries, it will ease worries about the car’s safety. More »
BP Plc (BP/) was ordered to improve safety after being accused of “serious non-conformities” by Norway’s Petroleum Safety Agency following an investigation into a fire last July at the North Sea Valhall platform. More »
Cabot Oil & Gas Corp., 2011’s best- performer among the Standard & Poor’s 500, announced a stock split and dividend increase after more than doubling natural-gas production from the Marcellus Shale in a year. More »
Officials from the 27 countries that make up the European Union are beginning Thursday the process of trying to thrash out an agreement on banning the purchase of Iranian oil in the hope of choking off funding for the country’s nuclear program. More »
Halliburton Co. denied BP Plc’s accusation that engineers destroyed testing evidence to keep it from being used in litigation over the Gulf of Mexico rig blast that triggered the worst offshore oil spill in U.S. history. More »
ConocoPhillips agreed to pay a civil penalty of $545,000 and to disgorge $3,174,900 plus interest for shipping and trading violations from 2004 to 2007, the Federal Energy Regulatory Commission said. More »
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