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Obama monitors for gasoline, diesel fraud

The Obama administration is monitoring gasoline and diesel fuel prices in 360 U.S. cities to guard against fraud or price manipulation, according to a White House report released today.  More »

Chesapeake CEO seeks cash infusion from Asian gas markets

Chesapeake Energy Corp. (CHK) Chief Executive Officer Aubrey McClendon is cultivating investors from Seoul to New Delhi eager to own natural gas that’s 85 percent cheaper than Middle East supplies because of a glut in the U.S.  More »

BP oil rig settlement backed by plaintiff lawyer

BP Plc (BP/)’s $7.8 billion settlement with businesses and individuals over the Deepwater Horizon oil rig disaster won the support of a Houston-based lawyer representing almost 12,000 plaintiffs, the Sunday Telegraph reported.  More »

Dynegy Transfer of Coal Assets Was Fraudulent, Examiner Says

Dynegy Inc.’s transfer of coal-fired power plants from a unit it later put into bankruptcy was fraudulent and harmed creditors, a court-ordered investigation found.  More »

El Paso Shareholders Approve $24 Billion Kinder Morgan Deal

El Paso Corp.’s shareholders approved Kinder Morgan Inc.’s $24 billion takeover bid, which will create the biggest U.S. pipeline company.  More »

Fracking failing to crack China, Europe shale, Exxon says

Some shale formations in Europe and China are impervious to drilling techniques that opened vast reserves of natural gas and oil from Texas to Pennsylvania, said Rex Tillerson, Exxon Mobil Corp. (XOM)’s chief executive officer.  More »

Senate rejects Republican plan to approve Keystone line

Senate Republicans vowed to try again to speed up approval of TransCanada Corp. (TRP)’s Keystone XL oil pipeline after falling four votes short of rounding up enough Democratic support to expedite the project.  More »

Conoco refinery spinoff leads $7.7 billion in energy bond sales

Phillips 66, the refining business that’s being spun off by ConocoPhillips (COP), led energy companies selling $7.7 billion of bonds today.  More »

Shell to keep shale drilling investment stable

Royal Dutch Shell Plc. (RDSA), Europe’s largest oil company, won’t increase its spending on drilling shale fields this year due to low natural-gas prices.  More »

Offshore safety agency’s job plan faulted by Republican lawmaker

A plan to hire inspectors and engineers by the U.S. offshore oil safety unit, created after the BP Plc (BP/) spill two years ago, drew a rebuke from a Republican lawmaker.  More »

Ohio Gov. Kasich says planning wellhead tax on oil, gas

Ohio Governor John Kasich said he will introduce a tax for oil and natural-gas producers and is trying to avoid a drain on the state’s services as the Utica basin is developed.  More »

GE, Chesapeake to develop natural-gas fueling infrastructure

General Electric Co. (GE) and Chesapeake Energy Corp. (CHK), the second-biggest U.S. natural-gas producer, will collaborate on products and services to fuel cars and trucks with domestically-produced natural gas.  More »