Energy

As work moved from offices to home, so did electricity use. But overall consumption fell.

Secretary of State Mike Pompeo is set to visit Austria, the Czech Republic, Poland and Slovenia next week to discuss nuclear issues, concerns about Russia, and other matters, the State Department said.

Fieldwood Energy, an oil driller that operates in the Gulf of Mexico, is preparing to file for bankruptcy within days as it grapples with the prolonged slump in commodity prices exacerbated by the coronavirus pandemic.

After cutting thousands of jobs during the coronavirus pandemic, the oil industry is accelerating its embrace of remote drilling and fracking, changes that will reshape its workforce permanently.

Big oil companies endured one of their worst second quarters ever and are positioning themselves for prolonged pain as the coronavirus pandemic continues to sap global demand for fossil fuels.

The owner of a Nevada solar farm financed with government backing filed for chapter 11 bankruptcy, proposing to repay taxpayers less than half of what they are owed on $425 million in outstanding public debt used to build the project.

Royal Dutch Shell swung to a heavy loss in the second quarter and warned that the outlook for oil-and-gas demand continued to be uncertain, illustrating the scale of the damage Covid-19 is wreaking on the industry.

Environmental groups are pressing the Federal Reserve to end its purchases of energy sector corporate bonds as part of its broader effort to support financial markets as the U.S. navigates the severe economic stress of the coronavirus pandemic.

Trading, retail and other formerly peripheral businesses will likely become increasingly important for integrated oil majors like Shell and Total.

The French energy giant is reducing the value of its Canadian oil-sand assets and LNG assets in Australia, citing higher costs and lower demand.

Military contractors linked to the Kremlin have seized control of two of Libya’s largest oil facilities, heightening tensions between Russia and the U.S. over Moscow’s growing footprint in the African nation.

The wholesale and retail power company will add more than three million customers throughout the U.S. and Canada with the acquisition, which will widen its geographic footprint.

China is moving to wean its economy off coal and boost use of cleaner natural gas, with two of the country’s energy giants set to pump nearly $56 billion of assets into a new national pipeline firm.

Speculators who have bet on natural-gas prices falling have been rewarded, and so have shareholders of the companies that have flooded the market with the dismally priced fuel.

The project will be funded by a portion of the $1.275 billion budget allocated as part of President Trump’s National Quantum Initiative, an effort to accelerate research and development in quantum information science.

Larry Householder, a Republican, and several associates were arrested on racketeering charges related to a $1.5 billion bailout of two Ohio nuclear plants.

Energy industry veteran Shameek Konar will replace Jimmy Haslam III as CEO of the Berkshire Hathaway-backed company.

Chevron Corp.’s $5 billion all-stock deal to acquire Noble Energy Inc. acts like a hedge against volatile oil prices amid the continuing coronavirus pandemic, the oil major’s chief financial officer Pierre Breber said.

Many large U.S. corporations are sitting on piles of tax credits they may not be able to use for years. They want Congress to let them have the money now.