Energy 27 April 2026 - 4 May 2026

Weatherford Shares Slip After ExxonMobil Nigeria News
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Weatherford Shares Slip After ExxonMobil Nigeria News

Weatherford International shares fell 1.1% to $108.79 Friday after announcing a new deepwater completions contract with ExxonMobil’s Nigerian affiliate. The company did not disclose the contract value. Investors weighed the deal against ongoing Middle East disruptions and uneven regional activity. First-quarter revenue dropped 3% to $1.15 billion, while net income rose 42% to $108 million.
May 23, 2026
Heating Oil Prices Face Fresh Shock as Brent Jumps on Hormuz Tensions
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Heating Oil Prices Face Fresh Shock as Brent Jumps on Hormuz Tensions

Brent crude rose $5.52 to $113.69 a barrel Monday after reports of a U.S. warship incident near the Strait of Hormuz, pushing German heating-oil prices higher. U.S. President Trump announced a plan to assist ships stranded in the strait. OPEC+ agreed to a modest June output hike, but analysts say Hormuz disruptions limit real supply increases. German households face rising heating-oil costs as market volatility continues.
May 4, 2026
Fortescue Ltd Shares Face a China Pricing Test as $680 Million Green Power Bet Looms
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Fortescue Ltd Shares Face a China Pricing Test as $680 Million Green Power Bet Looms

Fortescue faces pressure to reach a pricing deal with China Mineral Resources Group after BHP’s agreement with the state-backed buyer. The company approved a US$680 million Pilbara green-energy project and kept its 2026 shipment guidance at 195–205 million tonnes. March-quarter iron ore shipments hit a record 148.7 million tonnes for the nine months. Iron Bridge guidance was cut after cyclone disruptions.
May 3, 2026
Woodside Energy’s $17.5 Billion LNG Bet Faces Its First Big Buyer Test
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Woodside Energy’s $17.5 Billion LNG Bet Faces Its First Big Buyer Test

Woodside Energy is facing buyer resistance over liquefaction fees for its Louisiana LNG project, with potential customers pushing back against rates above $2.80 per MMBtu, Reuters reported. The project is 24% complete and on budget, targeting first LNG in 2029. Woodside has signed one long-term deal with Uniper for up to 2 million tonnes a year. The company declined to comment on fee negotiations.
May 3, 2026
National Grid plc’s 585 km Grid Upgrade Could Cut £50 Million From UK Power Bottlenecks
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National Grid plc’s 585 km Grid Upgrade Could Cut £50 Million From UK Power Bottlenecks

National Grid will install dynamic line rating technology on 585 km of high-voltage lines in England and Wales, aiming to save consumers up to £50 million over five years. The rollout targets key north-to-south routes and is expected to finish by 2028. Britain’s system operator warns grid balancing costs could quadruple to £8 billion a year by 2030 without faster upgrades. Some sensors will be installed by drones on live lines.
May 2, 2026
Shell Plc’s $15 Billion LNG Canada Prize Draws Wall Street Bidders After Export Record
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Shell Plc’s $15 Billion LNG Canada Prize Draws Wall Street Bidders After Export Record

LNG Canada exported over 1 million metric tons of liquefied natural gas in April, its first month above that level. Apollo, Blackstone, and KKR are bidding for a Shell stake in the project, with offers expected to exceed $10 billion. Shell agreed April 27 to buy ARC Resources, adding 370,000 barrels of oil equivalent per day to its portfolio. All April LNG Canada cargoes went to Asia, mostly South Korea and China.
May 2, 2026
Woodside’s $17.5 Billion Louisiana LNG Bet Hits a Buyer Snag
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Woodside’s $17.5 Billion Louisiana LNG Bet Hits a Buyer Snag

Woodside Energy is struggling to secure buyers for LNG from its planned Louisiana export plant due to liquefaction fees above U.S. market rates, sources told Reuters. The company has signed only one long-term sales deal so far. Woodside shares closed down 1.28% in Sydney on Friday, despite a first-quarter revenue beat. The Louisiana LNG project was 24% complete at the end of March and targets first cargo in 2029.
May 1, 2026
National Grid plc’s £50 Million Grid Fix: New Sensors Target Britain’s Power Bottlenecks
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National Grid plc’s £50 Million Grid Fix: New Sensors Target Britain’s Power Bottlenecks

National Grid plc will deploy dynamic line rating technology on 585 km of transmission lines in England and Wales, aiming to boost capacity and save up to £50 million over five years. The rollout, covering the North East, Humber, and East Anglia, comes as grid balancing costs threaten to quadruple by 2030. Most installations are due by 2028, with some sensors to be mounted by drone on live lines.
May 1, 2026
Shell Plc’s $15 Billion LNG Canada Stake Fight Puts Its Canada Bet in Focus
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Shell Plc’s $15 Billion LNG Canada Stake Fight Puts Its Canada Bet in Focus

Apollo Global Management, Blackstone, and KKR are bidding for a stake in Shell’s LNG Canada project, with the deal valued between $10 billion and $15 billion, Reuters reported. Shell owns 40% of the Kitimat project and recently agreed to buy ARC Resources for $16.4 billion. Shell said it bought over 1.4 million shares for cancellation on April 30. The company’s $3.5 billion buyback program ends May 1.
May 1, 2026
Ceres Power Stock Faces a Fresh Test as Delta-Centrica Fuel-Cell Deal Targets AI Data Centres
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Ceres Power Stock Faces a Fresh Test as Delta-Centrica Fuel-Cell Deal Targets AI Data Centres

Ceres Power said Delta Electronics and Centrica signed a deal to deploy off-grid solid oxide fuel cells for UK and European data centres and heavy industry. The partners plan a UK demonstration site within a year and aim for megawatt-scale systems in three to five years. Ceres shares closed at 619 pence, down 0.32%. Bloom Energy, a U.S. rival, reported $751.1 million Q1 revenue and raised 2026 guidance.
April 30, 2026
Shell’s $16 Billion Canada Bet Has Wall Street Giants Fighting Over LNG Canada
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Shell’s $16 Billion Canada Bet Has Wall Street Giants Fighting Over LNG Canada

Apollo, Blackstone, and KKR remain in the running to buy a major stake in Shell’s LNG Canada project, a deal that could reach $15 billion, sources told Reuters. Shell this week agreed to acquire ARC Resources for $16.4 billion, adding supply near LNG Canada. Shell shares rose 0.87% in London after the news. The ARC deal is expected to close in the second half of 2026, pending approvals.
April 30, 2026
Ofgem Shake-Up: UK Energy Bosses Face Bonus Ban as Regulator Gets New Powers
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Ofgem Shake-Up: UK Energy Bosses Face Bonus Ban as Regulator Gets New Powers

Britain will give Ofgem new powers to enforce consumer law directly and ban bonuses for energy executives who break rules. The overhaul comes as the energy price cap stands at £1,641 a year for a typical dual-fuel customer. Industry groups say questions remain about Ofgem’s culture and the legislative timeline. Ministers say the changes aim to address gaps in a more complex energy market.
April 30, 2026
National Grid plc’s £50 Million Grid Fix: New Line Sensors Aim to Cut UK Power Bottlenecks
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National Grid plc’s £50 Million Grid Fix: New Line Sensors Aim to Cut UK Power Bottlenecks

National Grid plc will install dynamic line rating technology on 585 km of transmission lines in England and Wales, aiming to save consumers up to £50 million over five years. The rollout targets key north-to-south routes and will cover 39 circuits, mainly to ease grid congestion as Britain increases renewable power flows. The work involves LineVision, Ampacimon, and Heimdall Power under a five-year contract.
April 30, 2026
Oil Price Shock: Brent Tops $126 as Trump’s Iran Blockade Deepens Hormuz Crisis
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Oil Price Shock: Brent Tops $126 as Trump’s Iran Blockade Deepens Hormuz Crisis

Brent crude futures jumped to $126.41 a barrel Thursday, the highest since March 2022, after reports that President Trump was briefed on new military options against Iran as the Strait of Hormuz remained closed. U.S. benchmark WTI traded above $108. Ship traffic through Hormuz remains far below normal, with just six ships crossing in 24 hours compared to 125–140 before the conflict began.
April 30, 2026
PLS Group Limited’s A$38.1 Million Lithium Trial Tests Australia’s Battery-Materials Ambition
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PLS Group Limited’s A$38.1 Million Lithium Trial Tests Australia’s Battery-Materials Ambition

PLS Group Limited has started commissioning a lithium-processing demonstration plant at Pilgangoora, backed by up to A$38.1 million in Australian government funding. The plant will use Calix’s electric-kiln technology and is expected to produce first lithium phosphate in the September quarter of 2026. PLS reported record March-quarter production and revenue, with lithium prices and sales both rising.
April 27, 2026
Woodside Energy Stock Slips Before Q1 Report as CEO Pay Revolt Tests New Boss
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Woodside Energy Stock Slips Before Q1 Report as CEO Pay Revolt Tests New Boss

Woodside Energy shares closed down 1.47% at A$32.13 on Monday, ahead of its first-quarter report due April 29. Nearly 35% of shareholders opposed the CEO’s FY26 long-term incentive award at last week’s AGM, reflecting governance concerns. Investors are focused on production guidance and progress at the Scarborough and Louisiana LNG projects. All AGM resolutions passed despite the protest vote.
April 27, 2026
National Grid plc Stock Slips as Britain’s Clean-Power Push Puts Grid Giant Back in Focus
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National Grid plc Stock Slips as Britain’s Clean-Power Push Puts Grid Giant Back in Focus

National Grid shares closed down 0.11% at 1,293.60p in London on Monday, with 6.2 million shares traded. Investors are assessing the company’s role as the UK accelerates renewables and grid upgrades. National Grid reports full-year results on May 14 after flagging a roughly 1p hit to underlying earnings per share. The stock remains up over 20% year-on-year.
April 27, 2026
Why Ceres Power Shares Jumped Again as AI Data Centres Scramble for Power
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Why Ceres Power Shares Jumped Again as AI Data Centres Scramble for Power

Ceres Power shares jumped 10% to 555.50 pence in London Monday, leading FTSE 250 risers and bringing gains to 81% over the past month. The move follows the launch of its Endura solid oxide platform aimed at data centres facing grid delays. Ceres reported 2025 revenue down 37% to £32.6 million but booked its first royalties and £45 million in contracted 2026 revenue. The company licenses its technology to partners including Doosan and Shell.
April 27, 2026
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Stock Market Today

  • Uzbekistan's National Investment Fund Launches First IPO on London Stock Exchange
    May 25, 2026, 10:21 AM EDT. The National Investment Fund of Uzbekistan completed its first international initial public offering (IPO) on the London Stock Exchange, raising over $600 million. The fund holds stakes in 13 state-owned companies across energy, banking, telecommunications, and aviation sectors. Experts highlight this listing as a sign of meeting international standards of transparency, corporate governance, and investor relations. Shares were also offered on the Tashkent Stock Exchange, signaling growing institutional investor interest in Uzbekistan's reform-driven market, according to Marius Dan, head of an investment firm's Tashkent office.