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Dynegy directors sued by investor over plants’ transfer

Dynegy Inc.’s directors were sued by an investor claiming they wrongfully agreed to transfer power plants from a unit the company later put into bankruptcy to benefit billionaire Carl Icahn and other shareholders.  More »

Paulson says he likes CVR Energy as Icahn may resell it

John Paulson, the billionaire hedge- fund manager seeking to reverse record losses in 2011, said he likes CVR Energy Inc. (CVI) because the company may be successfully resold by Carl Icahn, who controls the majority of shares.  More »

Gulf Keystone sues blogger for internet posts about share sale

Gulf Keystone Petroleum Ltd. (GKP), which is exploring for oil and natural gas in Kurdistan, sued a man over comments on Internet message boards and Twitter that the company planned to sell shares.  More »

Solar tariffs make forecasts cloudy for some U.S. companies

Keep an eye out tomorrow for an announcement from the Commerce Department, which is expected to slap tariffs on imports of some Chinese solar products.  More »

Pickens sold half-million Chesapeake shares as stock plunged

T. Boone Pickens, the billionaire Texas hedge-fund manager, sold almost half a million shares in Chesapeake Energy during the past six weeks, as the stock fell 24 percent on investor reaction to natural-gas prices and potential management conflicts.  More »

Total says leak on North Sea platform stopped

French energy company Total says a gas leak on a North Sea platform has been stopped after a 12-hour operation to pump heavy mud into a well.  More »

Taxpayers pay as fracking trucks overwhelm rural cow paths

When natural-gas drillers arrived in Wetzel County, West Virginia, resident Bill Hughes, a retired electrician, saw the benefits of producing a fuel that burns cleaner than coal. Then oversize trucks hauling drilling supplies began tearing up local roads, creating hazardous conditions.  More »

Iran seen losing 500,000 barrels of oil shipments daily

Iran’s oil exports have the potential to fall another 300,000 to 500,000 barrels a day or more when the European Union’s embargo takes effect in July, according to Barclays Plc.  More »

Korea Gas, Shell start discussions on Canada LNG project

Royal Dutch Shell Plc (RDSA) and three Asian partners will jointly develop a liquefied natural gas export project in Canada’s British Columbia province and are in talks with local communities to win their support.  More »

Petrobras returns unit to service at Pasadena refinery

Petroleo Brasileiro SA (PETR4)’s Pasadena, Texas, refinery’s fluid catalytic cracker is back in service after it was shut down over the weekend following a power failure.  More »

Anadarko was part of $25 billion scheme, U.S. says

Anadarko Petroleum Corp. (APC)’s Kerr-McGee Corp. faces testimony from more than 50 witnesses in a trial starting today over an alleged scheme that enriched the company by $25 billion while polluting sites from New York to New Mexico.  More »

ConocoPhillips interested in more Australia shale investment

ConocoPhillips (COP), the third-largest U.S. oil company, said it’s interested in further shale investments in Australia following a partnership last year with Perth-based New Standard Energy Ltd.  More »