Energy 25 March 2026 - 31 March 2026

Iran Says Lavan Oil Refinery Hit, Israel Denies Role as Ceasefire Faces Early Test

Iran Says Lavan Oil Refinery Hit, Israel Denies Role as Ceasefire Faces Early Test

Iran reported an "enemy attack" on its Lavan Island oil refinery Wednesday, igniting a fire but causing no injuries, days after a U.S.-Iran ceasefire was announced. Israel denied involvement. Brent crude fell 16% to $91.80 as traders anticipated Hormuz reopening, despite ongoing strikes on energy sites in the region. Shipping firms said full operations could take weeks to restore, with around 1,000 vessels still stranded.
April 8, 2026
Woodside Keeps Browse CCS Alive With Plan to Refile Under New Australia Law

Woodside Keeps Browse CCS Alive With Plan to Refile Under New Australia Law

Woodside has withdrawn its Browse carbon capture and storage project from Australia’s federal approvals process and will resubmit under the amended EPBC Act. The plan aims to inject 3–4 million tonnes of CO2 per year underground, cutting Browse-to-North West Shelf emissions by about 47%. The federal portal now lists the proposal as withdrawn. Woodside said it intends to resubmit “as soon as practicable.”
March 30, 2026
Exxon’s Haimara Project Sharpens Focus on Guyana’s $2 Billion Berbice Gas Pipeline as Power Demand Climbs

Exxon’s Haimara Project Sharpens Focus on Guyana’s $2 Billion Berbice Gas Pipeline as Power Demand Climbs

ExxonMobil plans to anchor its ninth offshore Guyana project at the Haimara gas field and may seek environmental approval within weeks. The company estimates a second gas pipeline to Berbice could cost over $2 billion, double the first line. Guyana Power and Light projects peak electricity demand will reach 1,575 MW by 2030, up from 221.5 MW in 2025. Talks with Suriname on sharing pipeline infrastructure are underway.
March 30, 2026
SSE Shares Jump as Utility Maps Out £29 Billion Grid Push Ahead of RIIO-T3

SSE Shares Jump as Utility Maps Out £29 Billion Grid Push Ahead of RIIO-T3

SSE said Monday its SSEN Transmission unit plans about £29 billion in gross capital spending, with £22 billion net to the group, under Ofgem’s new five-year price control. The company expects regulated asset value to rise from £7 billion in 2025 to £30 billion by 2030. SSE shares closed up 3.7% at £25.74. Near-term earnings guidance for 2026 is below last year’s results due to mixed weather.
March 30, 2026
Seplat Energy Stock Climbs as Oil Rally Puts Nigeria Producer’s 2026 Growth Plan in Focus

Seplat Energy Stock Climbs as Oil Rally Puts Nigeria Producer’s 2026 Growth Plan in Focus

Seplat Energy’s London-listed shares rose 0.52% to 484.5 pence Monday as Brent crude topped $115 a barrel. The company reported 2025 revenue of $2.73 billion and plans 2026 production of up to 155,000 barrels of oil equivalent per day. Its ANOH gas plant began output in January, with further offshore gas expansion targeted for the third quarter. Final and special dividends totaling 8.3 U.S. cents per share are due in late May.
March 30, 2026
National Grid plc seals £3 billion Eastern Green Link 4 deals as UK grid upgrade speeds up

National Grid plc seals £3 billion Eastern Green Link 4 deals as UK grid upgrade speeds up

National Grid secured £3 billion in supply-chain contracts for the 2-gigawatt Eastern Green Link 4 subsea power line between Fife and Norfolk, awarding Siemens Energy the converter stations and Prysmian the cable supply. Main construction is set for 2028–2033, pending planning consent. National Grid recently raised its FY31 investment plan to at least £70 billion. Shares rose about 2% in London.
March 30, 2026
BP PLC Faces Crucial Week as Oil Rally Boosts Outlook Before Meg O’Neill Takes Charge

BP PLC Faces Crucial Week as Oil Rally Boosts Outlook Before Meg O’Neill Takes Charge

BP prepares for Meg O’Neill to take over as CEO on April 1, with Brent crude above $115 a barrel and set for its largest monthly gain since 1988. BP recently announced the sale of its Gelsenkirchen refinery, raised its cost-cutting target, and pushed divestments past $11 billion. O’Neill also faces pressure from investors demanding a climate resolution by April 1. BP’s Middle East operations account for about 22% of its 2025 output.
March 30, 2026
Shell Plc shares climb as Brent heads for record month and Europe braces for fuel crunch

Shell Plc shares climb as Brent heads for record month and Europe braces for fuel crunch

Shell shares rose 1.3% in London as Brent crude jumped 59% in March, driving up profit estimates ahead of Shell’s April 8 quarterly update. Three analysts raised first-quarter net profit forecasts by an average 15%. Shell warned of possible European fuel shortages by April, with EU ministers set to meet Tuesday. Repairs at Shell’s Pearl plant in Qatar will take about a year after recent attacks.
March 30, 2026
Santos Limited Rushes Crude to Australian Refineries as Canberra Bolsters Fuel Security

Santos Limited Rushes Crude to Australian Refineries as Canberra Bolsters Fuel Security

Santos Ltd advanced crude deliveries to Viva Energy and sold a Varanus Island parcel to Ampol last week to support Australian refineries amid fuel import disruptions. Canberra announced plans to underwrite private fuel purchases as the country holds just 39 days of petrol and 30 days of diesel and jet fuel. Santos also shut Darwin LNG for equipment work, with no restart date given. Chevron and Woodside reported LNG outages after Cyclone Narelle.
March 29, 2026
Macquarie Group Ltd Warns of $200 Oil Shock if Iran War Runs Into June

Macquarie Group Ltd Warns of $200 Oil Shock if Iran War Runs Into June

Macquarie Group strategists warned oil could reach $200 a barrel if the Strait of Hormuz remains closed into June due to war involving Iran. Brent crude rose 4.2% to $112.57 on Sunday as governments moved to manage energy shocks. Macquarie analysts assigned a 40% chance to the $200 scenario, with their base case expecting the conflict to end by March. Two India-bound tankers cleared the strait on March 29 amid regional talks to reopen shipping.
March 29, 2026
Why Woodside Energy Stock Price Is Back in Focus as Cyclone Narelle Deepens LNG Crunch

Why Woodside Energy Stock Price Is Back in Focus as Cyclone Narelle Deepens LNG Crunch

Woodside Energy said Sunday that Tropical Cyclone Narelle continues to disrupt output at its Karratha gas plant, a key North West Shelf LNG hub. Chevron’s Wheatstone facility also remains partly offline after storm damage, deepening a global LNG supply crunch following Qatar’s shutdown. Woodside shares rose 0.26% in Sydney Friday. Port of Dampier reopened, but cargo imports are still suspended due to damage.
March 29, 2026
Woodside Energy Stock Price Edges Up as LNG Markets Tighten Despite Beaumont Delay

Woodside Energy Stock Price Edges Up as LNG Markets Tighten Despite Beaumont Delay

Woodside Energy shares rose 0.26% to A$34.47 Friday as Brent crude climbed 4.2% amid Middle East tensions. Production at Woodside’s Karratha gas plant was disrupted by Cyclone Narelle, while the company assumed control of the Beaumont New Ammonia facility in Texas. CEO Liz Westcott is prioritizing new investors for Louisiana LNG as Woodside faces a softer 2026 production outlook.
March 27, 2026
Shell Plc Stock Price Holds Firm as $110 Oil Rewrites Profit Outlook

Shell Plc Stock Price Holds Firm as $110 Oil Rewrites Profit Outlook

Shell shares held steady Friday as Brent crude rose nearly 3% to $111.01 a barrel after the Strait of Hormuz closure disrupted global oil and LNG flows. Analysts raised Shell’s first-quarter profit estimates by 15% on average, with the company set to update markets April 8. Shell maintained its $3.5 billion buyback and repurchased 1.11 million shares. Repairs at its Pearl GTL plant in Qatar will take about a year after recent attacks.
March 27, 2026
Woodside Energy Stock Price Edges Higher After Beaumont Handover, Lower-Carbon Delay Caps Gains

Woodside Energy Stock Price Edges Higher After Beaumont Handover, Lower-Carbon Delay Caps Gains

Woodside Energy shares rose after the company took operational control of the Beaumont New Ammonia facility in Texas from OCI Global. The plant, with a capacity of up to 1.1 million tonnes a year, began output in December and has signed offtake agreements. CEO Liz Westcott took over last week. Lower-carbon supply at Beaumont faces delays due to slower demand and feedstock issues.
March 26, 2026
SSE Share Price Today: Why SSE PLC Stock Slid as Oil Surge Revived UK Rate Fears

SSE Share Price Today: Why SSE PLC Stock Slid as Oil Surge Revived UK Rate Fears

SSE shares fell 2.95% to 2,504 pence Thursday as rising oil prices and a wider market selloff hit London stocks. The drop comes as SSE pursues a £33 billion investment plan focused on regulated electricity networks, with funding sensitive to rates and regulation. Brent crude topped $107 a barrel and markets continued to price in more Bank of England rate hikes. SSE’s near-term earnings forecast remains below last year’s level.
March 26, 2026
BP Share Price Today: Oil Spike Lifts BP Stock as UK Markets Slide, Even as Climate Fight Deepens

BP Share Price Today: Oil Spike Lifts BP Stock as UK Markets Slide, Even as Climate Fight Deepens

BP shares rose 1.2% to 574 pence in London as Brent crude surpassed $105 a barrel, while the FTSE 100 fell 1.1%. BP’s stock remains sensitive to oil price swings after halting share buybacks in February to reduce debt, which stood at $22 billion at quarter’s end. Activist investors have threatened legal action if BP does not add a climate disclosure resolution to its April 23 AGM agenda.
March 26, 2026
Shell Stock Price Slips as Oil Falls on Iran Ceasefire Hopes, but CEO Warns Europe on Fuel Risk

Shell Stock Price Slips as Oil Falls on Iran Ceasefire Hopes, but CEO Warns Europe on Fuel Risk

Shell shares fell 0.6% in London Wednesday as oil prices dropped on hopes for a U.S.-backed Middle East ceasefire. CEO Wael Sawan warned Europe could face energy shortages by next month. Brent crude slid about 4% to $100.32 a barrel after reports of a U.S. settlement proposal to Iran. Shell and Equinor’s Adura venture secured a $3 billion loan to develop UK North Sea assets.
March 25, 2026