Energy 31 March 2026 - 7 April 2026

Shell Plc Flags $15 Billion Working-Capital Hit as Iran Conflict Cuts Gas Output, Lifts Oil Trading
···

Shell Plc Flags $15 Billion Working-Capital Hit as Iran Conflict Cuts Gas Output, Lifts Oil Trading

Shell warned first-quarter gas output will fall short of guidance and expects working capital between negative $10 billion and negative $15 billion due to volatile prices. The Pearl gas-to-liquids plant in Qatar halted production after March attacks, with repairs expected to take up to a year. Shell raised refining margin guidance to $17 a barrel and said oil trading and fuel marketing have improved.
April 8, 2026
Shell Plc Q1 Update Could Show an Oil Windfall, but Qatar Damage Clouds Outlook
···

Shell Plc Q1 Update Could Show an Oil Windfall, but Qatar Damage Clouds Outlook

Shell will release its first-quarter update on April 8, with crude prices near $110 a barrel and the Strait of Hormuz still shut. Analysts raised Shell’s Q1 profit estimates by an average of 15% after Middle East disruptions. Shell’s Pearl GTL plant in Qatar remains offline following attacks. The company’s $3.5 billion buyback and dividend policy remains under scrutiny after a weak fourth quarter.
April 7, 2026
Santos Limited shares near 52-week high as LNG disruption keeps Barossa in focus
···

Santos Limited shares near 52-week high as LNG disruption keeps Barossa in focus

Santos Ltd closed at A$8.08 on Monday, near its 52-week high, with trading volume more than double its 30-day average. The company recently forecast 2026 production of up to 111 million barrels of oil equivalent, boosted by Barossa LNG and the Pikka project. Santos temporarily shut Darwin LNG for equipment work and faces possible tax changes as LNG prices rise. Its annual general meeting is set for April 16 in Adelaide.
April 6, 2026
Woodside Energy Group Ltd Shares Back in Focus as Oil Shock Raises Stakes for Scarborough, Louisiana LNG
···

Woodside Energy Group Ltd Shares Back in Focus as Oil Shock Raises Stakes for Scarborough, Louisiana LNG

Woodside Energy’s U.S. shares closed up 0.7% at $24.41 as Brent crude stayed above $109 a barrel and buyers sought non-Middle East supply. The Scarborough LNG project is over 94% complete, with first cargo targeted for late 2026. Woodside assumed control of the Beaumont New Ammonia plant in Texas in March, but lower-carbon output is delayed past 2026 due to construction setbacks.
April 6, 2026
National Grid Gas Rate Hike Faces Key Massachusetts Test at Public Hearing
····

National Grid Gas Rate Hike Faces Key Massachusetts Test at Public Hearing

National Grid’s proposal to raise gas delivery charges in Massachusetts would add about $24–$25 a month to typical winter bills in several regions if approved, with regulators set to hear public comment Monday in Lynn. The utility seeks a net $144 million annual increase in distribution revenue and a five-year plan to adjust rates yearly. New rates could take effect Jan. 1, 2027. Impacts would vary widely by customer type and income level.
April 6, 2026
Shell Plc Q1 Profit Outlook Climbs as Oil Holds Above $107 Before April 8 Update
···

Shell Plc Q1 Profit Outlook Climbs as Oil Holds Above $107 Before April 8 Update

Shell will update investors Wednesday as Brent crude trades above $107 a barrel and supply disruptions persist near the Strait of Hormuz. Analysts have raised Shell’s first-quarter profit estimates by 15% after oil prices surged in March. The company reported $3.3 billion net profit last quarter and kept its $3.5 billion buyback. Part of Shell’s Pearl plant in Qatar was damaged in recent attacks.
April 6, 2026
Santos Pushes Ahead With Yarrow Gas Wells as Australia’s Tax Fight Intensifies
···

Santos Pushes Ahead With Yarrow Gas Wells as Australia’s Tax Fight Intensifies

Santos will drill two more wells at the Yarrow gas field in South Australia after Red Sky Energy approved project spending and confirmed its 20% stake. Drilling on the first well is set to begin soon. Yarrow 1, online since November, initially produced 2.4 million standard cubic feet per day, above forecasts. The new wells come as Santos faces political scrutiny over gas exports and recent profit declines.
April 2, 2026
Rolls-Royce Holdings plc Starts 43 MW Scotland Battery Project, Deepening UK Power Push
···

Rolls-Royce Holdings plc Starts 43 MW Scotland Battery Project, Deepening UK Power Push

Rolls-Royce has begun building a 43-megawatt battery storage facility in Falkirk, Scotland, for Voltaria Helios Energy Storage. The site will store 86 MWh, connect to the grid in 2026, and start operations in 2027, with Rolls-Royce maintaining it for 15 years. Britain aims to expand battery capacity to at least 23 GW by 2030 but faces grid and permitting delays. Siemens and GE Vernova report surging demand for power infrastructure.
April 2, 2026
Shell Plc Eyes 20 Trillion Cubic Feet of Venezuela Gas as LNG Crunch Tightens
···

Shell Plc Eyes 20 Trillion Cubic Feet of Venezuela Gas as LNG Crunch Tightens

Shell is in advanced talks with Venezuela to access about 20 trillion cubic feet of offshore gas reserves near Trinidad and Tobago, sources said. The company aims to supply Trinidad’s Atlantic LNG plant, which ran below capacity in 2025 due to gas shortages. Shell confirmed interest in the Loran field and could decide on the Dragon project by year-end. Chevron is expected to exit some blocks, while Russian interests remain in two areas.
April 2, 2026
BP PLC’s New CEO Meg O’Neill Promises Clear Direction as Oil Swings Test Debt Reset
···

BP PLC’s New CEO Meg O’Neill Promises Clear Direction as Oil Swings Test Debt Reset

Meg O’Neill became BP’s first external and first female CEO on Wednesday, pledging “clear direction” as the company shifts focus back to oil and gas. BP has suspended share buybacks, is selling assets to meet a $20 billion divestment goal by 2027, and cut renewables spending. The company took $4 billion in impairments in February. Brent crude prices jumped over 7% Thursday after settling at $101.16 a barrel Wednesday.
April 2, 2026
Glencore Extends South Africa Smelter Job-Cut Deadline to April 7 in Eskom Power Talks
···

Glencore Extends South Africa Smelter Job-Cut Deadline to April 7 in Eskom Power Talks

Glencore-Merafe Chrome Venture extended its retrenchment consultation deadline to April 7 as Eskom requested more time to finalize a discounted power deal at 62 South African cents per kWh. The venture warned job cuts affecting up to 1,500 workers remain likely if tariff terms are not improved. Samancor Chrome, also offered the lower rate, resumed layoff plans that could impact 2,400 employees. Merafe reported a 63% drop in 2025 ferrochrome output.
April 1, 2026
Rolls-Royce SMR Project Moves Closer to Wylfa Build After £300 Million Contract Award
···

Rolls-Royce SMR Project Moves Closer to Wylfa Build After £300 Million Contract Award

Great British Energy-Nuclear awarded a contract worth up to £300 million to an Amentum-Cavendish Nuclear joint venture for the Wylfa small modular reactor project in North Wales. The 14-year agreement will support deployment of Rolls-Royce SMR technology. Britain selected Rolls-Royce SMR for the site in 2025, with the first units planned for the mid-2030s. Rolls-Royce expects regulatory design approval by December 2026.
April 1, 2026
Shell Plc Eyes 20 Trillion Cubic Feet of Venezuela Gas Near Trinidad as LNG Crunch Deepens
···

Shell Plc Eyes 20 Trillion Cubic Feet of Venezuela Gas Near Trinidad as LNG Crunch Deepens

Shell is in advanced talks with Venezuela to develop four offshore gas areas near Trinidad, potentially unlocking about 20 trillion cubic feet of gas for Atlantic LNG. The move comes as global LNG prices surge 85% since late February after the Iran war disrupted Qatari supply. Chevron may exit stakes in Loran, opening room for Shell. Russian interests and U.S. sanctions remain obstacles to final agreements.
April 1, 2026
Woodside Energy Group Ltd Resets Browse Carbon Capture Plan Under Australia’s New Law
···

Woodside Energy Group Ltd Resets Browse Carbon Capture Plan Under Australia’s New Law

Woodside Energy has withdrawn its Browse carbon capture and storage proposal from Australia’s federal approvals process and plans to refile under new environment laws. The move keeps the emissions plan for the Browse gas project active. The Browse project is intended to supply the North West Shelf LNG plant, which received approval last year to operate until 2070. Woodside has not provided a timetable for the new filing.
March 31, 2026
National Grid plc seals £3 billion Eastern Green Link 4 contracts ahead of RIIO-3 start
···

National Grid plc seals £3 billion Eastern Green Link 4 contracts ahead of RIIO-3 start

National Grid and SP Energy Networks confirmed £3 billion in supply-chain contracts for Eastern Green Link 4, a 2-gigawatt subsea power link between Scotland and England. Siemens Energy will supply converter stations and Prysmian the cable system. The announcement comes as Britain enters a new five-year price-control period for network owners on April 1. Construction on EGL4 remains subject to planning consent.
March 31, 2026
Rolls-Royce Starts First Large UK Battery Project in Scotland as Power Push Builds
···

Rolls-Royce Starts First Large UK Battery Project in Scotland as Power Push Builds

Rolls-Royce Holdings has started construction on a 43-megawatt battery storage facility in Falkirk, Scotland, its first large-scale UK battery project, with grid connection expected in 2026 and operations in 2027. The company will build and maintain the site for Voltaria Helios Energy Storage for 15 years. Rolls-Royce also bought back 1.2 million shares on March 30 under its ongoing £2.3 billion repurchase program.
March 31, 2026
Shell Plc warns Australia windfall LNG tax could hit investment as energy shock deepens
···

Shell Plc warns Australia windfall LNG tax could hit investment as energy shock deepens

Shell warned Australia that a proposed windfall tax on LNG exporters would deter investment and threaten energy security, as surging prices boost industry profits. Prime Minister Anthony Albanese has asked Treasury to model the tax and possible changes to the PRRT. Shell and Chevron executives criticized the plan at a Sydney conference. Asia spot LNG prices have doubled since February, and Australia exported A$65 billion of LNG last year.
March 31, 2026
BP PLC Loses EV Charging Chief Ahead of Meg O’Neill Takeover as Oil Pivot Deepens
···

BP PLC Loses EV Charging Chief Ahead of Meg O’Neill Takeover as Oil Pivot Deepens

Martin Thomsen, head of BP’s global EV charging business, has left to join Rolls-Royce as chief procurement and supply chain officer. His departure comes days before Meg O’Neill becomes BP’s new CEO, as the company shifts investment from renewables and EV charging toward oil and gas. BP had about 40,000 charging points and recently cut EV spending below $500 million annually. Brent crude neared $115 a barrel Tuesday.
March 31, 2026
1 2 3 … 11