Statoil ASA 's ( STO ) second-quarter 2012 adjusted earnings of 61 cents per ADR failed to match the Zacks Consensus Estimate of 71 cents.

DOW JONES NEWSWIRES. The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires.

The internal-combustion engine, propelling U.S. automobiles since before the Model T Ford, will remain the dominant power source for cars until at least 2050, according to a study by a panel advising the Energy Department.

Some stocks were halted. The source of the problem was traced to Knight Capital Group(KGC), which said its market-making unit had suffered a software glitch that was interfering with its system's interaction with the New York Stock Exchange.

Tanzania, holder of the second- largest natural-gas resources in East Africa after Mozambique, may ask Statoil ASA (STL) and BG Group Plc (BG/) to join forces to develop a liquefied natural-gas export project.

Phillips 66 (PSX) (PSX), which became the largest U.S. independent refiner after its spinoff from ConocoPhillips earlier this year, said second-quarter profit rose 13 percent on higher fuel margins and announced a plan to buy back shares valued at $1 ...

Phillips 66 Profit Rises, $1 Billion Share Buyback Planned. By Bradley Olson - 2012-08-01T20:22:49Z. Phillips 66 (PSX), which became the largest U.S.

China denounces EU airline carbon law, seeks talks. BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major ...

FTC reviewing Marathon's deal to sell Alaska oil and gas assets to Hilcorp -- Marathon confident of closing deal by the fall of this year -- Hilcorp has made new investments in Alaska's Cook Inlet in past year.

Gasoline in San Francisco gained for a fourth day after Valero Energy Corp. (VLO) said a process unit at the Benicia refinery in Northern California will remain shut until the middle of August.