Environmental groups says Keystone XL will raise gas prices
TransCanada Corp. (TRP)’s proposed pipeline to carry crude from the oil sands of Canada to the U.S. Gulf Coast would increase gasoline prices, according to a report from an environmental group that opposes the project. More »
Ohio considers rules that opponents say favor frackers
The Ohio House is preparing to vote on rules for natural-gas drillers that Republican Governor John Kasich calls among the nation’s toughest, even as environmentalists say they let companies decide which industrial chemicals stay secret. More »
Warburg Pincus, partners investing $1.1B in energy startup
Warburg Pincus LLC, the private- equity firm with more than $35 billion in assets under management, said it will invest as much as $1.13 billion with three other partners in Venari Resources LLC, a deep-water oil exploration company. More »
Tesla gains after Model S delivery date set
Tesla Motors Inc., the electric-car maker led by Elon Musk, rose after the company said it will begin delivering the Model S sedan to customers on June 22. More »
Shale glut means $1-a-gallon savings burning frozen gas
Chad Porter wants to run his 18- wheeler trucks on frozen natural gas across Canada’s Rocky mountains even before the world’s longest chain of refueling stations gets built to keep them fueled. More »
Iranian oil deadline looms as sanctions on tankers curb supply
The European Union’s ban on Iranian oil shipments that takes full effect July 1 is curbing ship charters now because of the time it takes the vessels to deploy, load and deliver cargoes, the fleet’s biggest re-insurer said. More »
Fuel economy tops U.S. auto buyers’ wants
Automobile owners in the U.S. see fuel economy as the leading element they will consider in purchasing their next car, according to a survey by Consumer Reports. More »
Total expects to resume Elgin output before year-end after leak
Total SA (FP), Europe’s third-largest oil company, expects to resume production at its Elgin and Franklin fields before the end of 2012 after plugging a natural-gas leak. More »
Icahn holds about 80% of CVR Energy, as full board control
Billionaire Carl Icahn has acquired about 80 percent of oil refiner CVR Energy Inc. following a $2.6 billion tender offer and has taken full control of the company’s board. More »
Chesapeake turns to Jefferies’ Eads in $28 billion deals
When Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon went on an oil and natural gas buying spree, Ralph Eads was the banker who found the money to fund it. More »
Iran finds its first Caspian Sea oil for more than a century
Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the state-run Fars news agency reported. More »
Shell shareholders advised to oppose CEO’s pay
Royal Dutch Shell Plc (RDSA)’s shareholders were urged by corporate-governance adviser Pensions and Investment Research Consultants to block a pay increase being awarded to Chief Executive Officer Peter Voser, the Sunday Telegraph reported, citing a report by PIRC. More »
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