Chesapeake Misses Interest Payment, Starts Bankruptcy Countdown 
 

Chesapeake Energy is preparing to file for bankruptcy in as soon as a week after the pioneering shale driller missed an interest payment due on Monday, according to people familiar with the matter.


 
Oil Prices Rise After Fed Updates Bond-Buying Program 
 

Oil prices climbed Monday, shooting higher after the Federal Reserve said in the afternoon that it will update its purchases of corporate bonds to include individual bonds in addition to exchange-traded funds.


 
PG&E Rewards Financiers for Backing Stock Sale 
 

PG&E Corp. is handing out millions of company shares to big Wall Street investors, an inducement to get them on board with its drive to sell $9 billion of equity on its way out of bankruptcy.


 
Supreme Court Removes Hurdle for $8 Billion Atlantic Coast Pipeline 
 

The Supreme Court removed a legal barrier to the construction of an $8 billion pipeline that would deliver natural gas from West Virginia, ruling the project could run under a major East Coast hiking trail.


 
BP Takes $17.5 Billion Write-Down, Expects Oil Price to Stay Low 
 

BP is writing down as much as $17.5 billion of its assets and might leave some of its oil and gas in the ground because of lower energy prices and weakened demand amid the global crisis caused by the novel coronavirus.


 
Extraction Oil & Gas Files for Chapter 11 After Executive Payouts 
 

The Denver-based company has become the latest oil-and-gas driller to file for bankruptcy after handing out retention bonuses to top management and putting creditors in position to take over the business.


 
As Turkey Shunned Russian Gas, Its Companies Amassed Debt 
 

A string of Turkish companies have accumulated debt of about $2 billion to Russian state energy giant PAO Gazprom, according to people familiar with the matter, liability that could hinder Ankara's drive to reduce its reliance on Russian natural gas, in part by boosting imports from the U.S.


 
Banks Cut Shale Drillers' Lifelines 
 

Banks are slashing credit lines to shale drillers, as an oil-price crash and wells that have failed to produce as much as predicted force a painful reassessment of companies' assets.


 
Electricity Looking Hot, Hot, Hot in Texas 
 

Texas is expected to be one of the only major U.S. power markets with higher electricity demand this summer, which bodes for an exciting few months for some energy companies.


 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities