(Jerry Lara/San Antonio Express-News)

Oil-producing solar farm nears construction start

The 1-gigawatt solar-thermal project will turn water into steam for injection into an oilfield in Oman.
(Daniel Acker/Bloomberg)

Keystone XL developer seeks different approval for route

Former Gov. Dave Heineman approved the Nebraska route in 2013 under a state law that allowed TransCanada to use eminent domain against holdout landowners, but opponents sued and the project has been mired in state courts ever since.
(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.
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.
(AP Photo/Charlie Riedel, File)

Citigroup, citing climate change, will reduce coal financing

Citigroup said its credit exposure to coal mining had “declined materially” since 2011 and that the trend would continue into the future.
(Jake Daniels/The Beaumont Enterprise)

New DuPont CEO helped Tyco recover

Edward Breen, the man taking over the helm at beleaguered DuPont Co., is best known for helping Tyco International recover from scandal and then breaking it up.
(Tomohiro Ohsumi/Bloomberg)

Company announces plans for major LNG facility in Cameron

Baton Rouge-based G2 LNG LLC. announced on Monday that it plans to construct an $11 billion liquefied natural gas export facility on the ship channel in Cameron Parish.
Deepwater Horizon

BP, Justice Department file $20.8 billion oil spill accord with court

A New Orleans judge will have to approve the consent decree after a 60-day public comment period before BP and the federal government can officially resolve their long-running legal battles over the massive 2010 oil spill.
(AP Photo/HO, Shell)

Shell starts Nigeria offshore expansion of up to 50,000 barrels

Shell has a 55 percent stake in Bonga and operates what it says were the first deposits to be developed in Nigeria’s deep waters in 2005.