Energy 10 May 2026 - 14 May 2026

National Grid Shares Rise After Profit Miss: Why the £70bn Grid Plan Matters Now
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National Grid Shares Rise After Profit Miss: Why the £70bn Grid Plan Matters Now

National Grid posted adjusted operating profit of £5.68 billion for the year, missing forecasts as U.S. storm costs rose to £636 million. Shares rose 2.3% after the company announced at least £70 billion in network investment by 2031 and a 3.8% dividend increase. Statutory operating profit climbed 10% to £5.43 billion. Net debt stood at £44.2 billion, above consensus.
May 14, 2026
BP Stock News: Uzbekistan Oil Deal Deepens Pivot as Whiting Labor Talks Loom
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BP Stock News: Uzbekistan Oil Deal Deepens Pivot as Whiting Labor Talks Loom

BP acquired a 40% stake in six oil and gas exploration blocks in Uzbekistan’s North Ustyurt region, marking its first project in the country. SOCAR and Uzbekneftegaz each retain 30%, with SOCAR as operator. No purchase price or drilling timeline was disclosed. The deal comes as BP reorganizes under new CEO Meg O’Neill and faces investor scrutiny over debt and suspended buybacks.
May 14, 2026
Orica Limited Stock Alert: State Street Cuts Stake as Hydrogen Funding Picture Shifts
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Orica Limited Stock Alert: State Street Cuts Stake as Hydrogen Funding Picture Shifts

State Street cut its stake in Orica Limited to 7.56%, or about 35 million shares, according to an ASX notice published Wednesday. Orica reported a half-year net profit before significant items of A$283.1 million, up 8%, and declared an unfranked interim dividend of 28.5 cents per share. The company’s Hunter Valley hydrogen project faces tighter funding after Australia reduced its subsidy pool to A$1 billion.
May 14, 2026
Santos Limited’s $400 Million PNG Gas Project Puts 2028 Growth Back in Focus
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Santos Limited’s $400 Million PNG Gas Project Puts 2028 Growth Back in Focus

Santos Limited approved the Agogo Production Facility tie-in project in Papua New Guinea, committing $160 million toward a $400 million gas expansion set to supply the PNG LNG system. The project includes a new 19-kilometre pipeline, two wells, and aims for first gas in Q2 2028. Santos expects to add 54 mmscf/d to its net capacity. Shares closed at A$7.68, up 1.59% on Wednesday.
May 14, 2026
Paladin Energy Shares Plunge 12% as Uranium Profit Masks a Cash-Flow Squeeze
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Paladin Energy Shares Plunge 12% as Uranium Profit Masks a Cash-Flow Squeeze

Paladin Energy shares fell 12.05% to A$11.17 after interim filings showed a nine-month profit of US$1.65 million, reversing a US$30.07 million loss a year earlier, but with a US$36.4 million operating cash outflow. March-quarter revenue dropped to US$70.7 million from US$102.4 million in the previous quarter. Production at Langer Heinrich rose 5% to 1.29 million pounds of U3O8.
May 14, 2026
BP PLC Deepens Oil Pivot With 40% Uzbekistan Stake as Shares Rise
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BP PLC Deepens Oil Pivot With 40% Uzbekistan Stake as Shares Rise

BP acquired a 40% stake in six oil and gas exploration blocks in Uzbekistan’s North Ustyurt region, marking its first upstream entry in the country. BP bought 20% each from SOCAR and Uzbekneftegaz, which now hold 30% apiece; SOCAR remains operator. The deal was signed in Tashkent during the Oil and Gas of Uzbekistan Conference. BP shares rose 0.5% to 550.50 pence in London trading Wednesday.
May 13, 2026
3i Group Shares Near £24: Why Action Could Decide Thursday’s Results Reaction
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3i Group Shares Near £24: Why Action Could Decide Thursday’s Results Reaction

Britain’s £500 million energy debt relief plan for low-income households remains stalled, with ministers yet to approve required data-sharing changes. Consumer energy debt is projected to exceed £7 billion by year-end, while Ofgem’s price cap is set to rise in July. Industry leaders warn arrears have doubled in three years, pressuring suppliers like British Gas and E.ON.
May 13, 2026
National Grid Stock Stalls Before Results as Rate Pressure Tests the £70 Billion Grid Story
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National Grid Stock Stalls Before Results as Rate Pressure Tests the £70 Billion Grid Story

National Grid traded at 1,275p/1,276p in London by midday, little changed after a volatile morning range of 1,267.5p to 1,298.5p. Volume was about 2.5 million shares, below average. Investors are positioning ahead of full-year results due May 14, with focus on funding a £70 billion grid expansion amid high gilt yields and U.S. regulatory costs. Analyst consensus sees FY 2025/26 underlying EPS at 77.8p.
May 13, 2026
Shell Stock Today: Buybacks Steady the Chart as Oil Risk Keeps the Trade Messy
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Shell Stock Today: Buybacks Steady the Chart as Oil Risk Keeps the Trade Messy

Shell shares were nearly flat in late morning London trade Wednesday, quoted at 3,156.25p, down 0.04%. The company continued buybacks, cancelling over 1.2 million shares on May 12, and is reportedly seeking to sell about 60 French highway petrol stations. Brent crude slipped 0.2% to $107.58 a barrel. Shell’s recent quarterly buyback was cut to $3 billion from $3.5 billion.
May 13, 2026
Woodside Rises With Oil, but Browse Costs Keep WDS From a Clean Breakout
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Woodside Rises With Oil, but Browse Costs Keep WDS From a Clean Breakout

Woodside Energy shares closed up 0.75% at A$30.74 on Tuesday, tracking a surge in oil prices as Brent settled 3.42% higher at $107.77. Gains were limited by concerns over rising costs and approval delays for the Browse LNG project, now estimated at A$48.7 billion. Traders remain cautious amid ongoing Strait of Hormuz disruptions and uncertainty over a U.S.-Iran peace deal.
May 13, 2026
Livingston County’s Cheap Gas Hunt Gets Tougher As Trump Floats Pump-Tax Break
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Livingston County’s Cheap Gas Hunt Gets Tougher As Trump Floats Pump-Tax Break

Michigan’s average gas price hit $4.711 a gallon Tuesday, topping the national average of $4.504, according to AAA. President Trump called for a federal gas-tax suspension, but Congress must approve it. AAA expects 39.1 million Americans to drive over Memorial Day, despite prices at their highest since 2022. Wholesale gasoline in the Great Lakes region remains volatile.
May 12, 2026
India Rejects Sanctioned Russian LNG, Stranding Tanker as Energy Crunch Deepens
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India Rejects Sanctioned Russian LNG, Stranding Tanker as Energy Crunch Deepens

India has rejected a Russian offer to sell liquefied natural gas from projects under U.S. sanctions, leaving the tanker Kunpeng without a clear destination after its planned delivery to Dahej was withdrawn, sources told Reuters. The move comes as India seeks to avoid breaching restrictions while maintaining fuel supplies amid Middle East disruptions and a weakened rupee.
May 11, 2026
Adani Power Overtakes NTPC After 50% Rally, Rewriting India’s Power Stock Race
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Adani Power Overtakes NTPC After 50% Rally, Rewriting India’s Power Stock Race

Adani Power’s market value rose to about ₹4.3 lakh crore, overtaking NTPC as India’s most valuable listed power company despite NTPC’s much larger installed capacity. Shares of Adani Power have surged nearly 50% this year, driven by strong earnings and higher contracted capacity. NTPC’s market cap stood at around ₹3.9 lakh crore. Adani Power reported a 64% jump in quarterly profit to ₹4,271 crore.
May 11, 2026
Petrol, Diesel Price Hike Alert: IOC, BPCL, HPCL Lose ₹1 Lakh Crore as Crude Shock Deepens
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Petrol, Diesel Price Hike Alert: IOC, BPCL, HPCL Lose ₹1 Lakh Crore as Crude Shock Deepens

India’s state fuel retailers have absorbed over ₹1 lakh crore in under-recoveries in 10 weeks as global crude prices surged, while pump rates stayed unchanged on May 11. Indian Oil, BPCL, and HPCL are losing up to ₹1,700 crore daily. Prime Minister Modi urged fuel conservation amid pressure on foreign reserves. The government has not announced a retail price hike.
May 11, 2026
Oil Shock Returns as Trump Rejects Iran Peace Offer and Stocks Stall Near Records
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Oil Shock Returns as Trump Rejects Iran Peace Offer and Stocks Stall Near Records

European shares were flat and Brent crude climbed above $105 after President Trump rejected Iran’s response to a U.S. peace proposal, dimming hopes for a swift reopening of the Strait of Hormuz. The waterway remains mostly closed, fueling inflation concerns as oil supply stays tight. The FTSE 100 edged higher, while France’s CAC 40 slipped 0.7%. Trump called Iran’s reply “TOTALLY UNACCEPTABLE!” after mediation via Pakistan.
May 11, 2026
Oil Tankers Go Dark Near Hormuz as Iran Risk Keeps Crude Above $100
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Oil Tankers Go Dark Near Hormuz as Iran Risk Keeps Crude Above $100

Three crude oil tankers carrying 6 million barrels left the Strait of Hormuz with tracking systems off, shipping data showed, as Iranian threats persist. The Agios Fanourios I, loaded with Iraqi crude, crossed on Iran’s designated route and is bound for Vietnam. Brent crude rose nearly 4% to $105.33 a barrel after President Trump rejected Iran’s peace response. LNG carriers have also crossed the strait with trackers off, but traffic remains limited.
May 11, 2026
South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play
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South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play

South32 aims to secure a new electricity deal for its Hillside Aluminium smelter by 2029, ahead of its discounted Eskom contract expiring in 2031. Talks with Eskom include renewable power options with backup supply. The smelter supports thousands of jobs and consumes power continuously. South32’s Mozal plant in Mozambique shut in March after failing to secure affordable electricity.
May 10, 2026
Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan
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Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan

Santos shares closed at A$7.52, down 1.44%, as investors assess the impact of Australia’s new gas reservation policy requiring exporters to supply 20% of exports to the domestic market from July 2027. The rule could pressure Santos’s GLNG venture, which currently does not supply domestic gas. Analysts warn the policy may slow LNG supply growth. Santos expects Barossa and Pikka projects to boost output by up to 30% by 2027.
May 10, 2026
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