Southwestern Energy Co.'s corporate headquarters near The Woodlands. (Southwestern Energy)

Houston company among oil firms sued by Arkansas royalty owners

Claims against the companies include fraud, violation of the Arkansas Deceptive Trade Practices Act and civil conspiracy.
Shell's executive vice president for the Arctic, Ann Pickard, stands in front of the massive legs of the Transocean Polar Pioneer while it is being loaded with supplies in Seattle. Shell Oil Co. plans to use the Polar Pioneer and the Noble Discoverer to bore two exploratory oil wells in its Burger Prospect in the Chukchi Sea, about 70 miles northwest of the Alaska coast. Pickard, 60, took over Shell's Arctic portfolio in 2013 -- the latest step in a long career that included a three-year stint in Australia and five years heading Shell's interests in Nigeria.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell’s top Arctic exec is retiring, will join KBR board

Shell ended its $7 billion Arctic venture after the exploratory well it drilled in Alaskan waters of the Chukchi Sea failed to find significant amounts of oil and gas.
(Getty Images)

Energy loan losses to rise, regulator says

“Losses in energy-related loans have been moderate so far, although we are likely to see some increases in the months ahead,” U.S. Comptroller of the Currency Thomas Curry said in a speech in Boston on Monday.
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Dow consolidates Kuwait partnerships, plans new Houston area plant

The proposed plant would take advantage of cheap shale natural gas to manufacture monoethylene glycol, which is a building block of many plastics.
CEO John Schiller at the Energy XXI offices in Houston on Sept. 19, 2012. (Dave Rossman/For the Chronicle)

Following investigation, Energy XXI CEO stripped of title as chairman of the board

The decision came after an independent investigator found that Schiller failed to disclose the loans made in 2007, 2009 and 2014 to the board.
(Spencer Platt/Getty Images)

Freeport’s oil exit risks creating money-losing crude explorer

Freeport-McMoRan Inc.’s oil and natural gas business may continue to bleed cash after it splits from the parent company because energy prices are too weak to prop up the offshore-drilling pioneer.
Ben van Beurden, chief executive officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London, U.K., on Thursday, Jan. 29, 2015. Van Beurden pledged to do all he can to maintain payments to shareholders of Europe's largest oil company after crude prices fell by more than half in the past six months. Photographer: Chris Ratcliffe/Bloomberg  *** Local Caption *** Ben van Beurden

Shell CEO Ben Van Beurden says dividend will remain top priority amid low oil prices

Royal Dutch Shell Plc is “pulling out all the stops” to safeguard its dividend in a world where oil prices remain “lower for longer,” Chief Executive Officer Ben Van Beurden said.
Exterran Holdings CEO Brad Childers poses for a portrait in Houston.

Delayed Exterran spin-off slated for late 2015

The new time table is scheduled to complete the Exterran reorganization by the end of 2015. Exterran Holdings will spin off its fabrication and international compression businesses — about 7,000 of its total 10,000 workers — into a new company named Exterran Corp. that would trade under the “EXTN” stock symbol in the New York Stock Exchange.
Martin Craighead, president and CEO of Baker Hughes Incorporated, speaks at the facility located at 9110 Grogans Mill Road Monday, Feb. 3, 2014, in The Woodlands. (Melissa Phillip/Houston Chronicle)

Activist investor discloses plans for Baker Hughes

The San Francisco hedge fund, well known for muscling its way into companies and taking actions to boost stock prices, has since increased its stake in Baker Hughes to 5.3 percent and outlined a possible strategy for bumping the company’s stock value higher.
A worker stands in front of a stockpile of copper-gold concentrate from Freeport McMoRan Inc.'s Grasberg copper and gold mine at the company's processing facility in the port of Amamapare, Papua province, Indonesia, on Tuesday, April 21, 2015. (Dadang Tri/Bloomberg)

Freeport-McMoRan may spin off oil and gas business

Freeport-McMoRan Inc., the world’s biggest publicly-traded copper producer, is reviewing “strategic alternatives” for its oil and gas business amid a slump in commodity prices.