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Toyota Prius escapes niche to surge into global top three

Toyota Motor Corp. (7203)’s Prius, a niche oddity when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as U.S. demand and incentives in Japan turned the hybrid into a mainstream hit.  More »

Chesapeake governance issues a factor for Oil India

Oil India Ltd., armed with as much as $1.3 billion cash for acquisitions, will consider Chesapeake Energy Corp.’s “corporate governance issues” before investing in the explorer’s shale assets in the U.S.  More »

Chesapeake conflict of interest seen in Thunder playoffs

Chesapeake Energy Corp. (CHK), whose top executive invested in the Oklahoma City Thunder, almost doubled its spending on the professional basketball team during the past four years buying tickets, luxury box seats and naming rights for the home arena.  More »

Where in the World is the Cheapest Gas?

Gas prices are from April 2 to April 11. Data weren’t available for some countries and the ranking excludes countries where per capita income is less than $4 a day. Premium gas prices are used to achieve equivalent octane comparisons.  More »

Prosecutors: ex-BP engineer’s bail conditions should stand

A former BP engineer charged with destroying evidence sought for a U.S probe of the 2010 Gulf of Mexico oil spill shouldn’t be released from the travel restrictions imposed on him, the U.S. said.  More »

Fukushima’s estimated radiation leak doubles versus government

Tokyo Electric Power Co.’s crippled Fukushima nuclear plant may have released twice as many radioactive particles than Japan’s government estimated, the utility said in a report today.  More »

Texas judge’s campaign centers on the EPA

A Texas state judge is promoting his recent decisions favoring a gas driller in its dispute with a local landowner as part of his election campaign, a move some legal scholars say may violate state judicial ethics rules.  More »

European fracking bans open market for U.S. gas exports

Opposition to a drilling technique known as hydraulic fracturing has slowed the development of natural gas in Europe, creating export opportunities for U.S. producers hurt by low prices and a glut of gas at home.  More »

China rules US clean energy support improper

China’s Commerce Ministry issued a ruling Thursday that U.S. government support for six renewable energy projects violated free-trade rules, the latest volley in a widening conflict over clean power.  More »

Halliburton demand spurs Vikas to expand

Vikas WSP Ltd. (VWSP) plans to more than double capacity to produce guar gum in India after surging demand for the product from Halliburton Co. to extract gas trapped in shale drove prices to a record.  More »

Statoil says mongstad refinery unaffected by labor strike

Statoil ASA (STL) said its Mongstad oil refinery is unaffected by a government workers strike that broke out in Norway.  More »

Putin adviser renews dealmaker role outside Kremlin

Vladimir Putin’s energy czar Igor Sechin, who laid the groundwork for $500 billion in potential investments with Western oil companies, is set to push ahead with the plans even after changing jobs under a new government.  More »