Energy 23 April 2026 - 27 April 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
ITM Power PLC Shares Slide 7% As NATO-Fuel Rally Runs Into First Test
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ITM Power PLC Shares Slide 7% As NATO-Fuel Rally Runs Into First Test

ITM Power shares dropped 7.4% to 143.30p in London Monday, with over 13 million shares traded after a sharp April rally. The fall followed news of a strategic deal with Rheinmetall for NATO e-fuel plants and recent UK government funding pledges. Retail investors remained active, with buy trades making up 76% of Interactive Investor activity. ITM shares had more than doubled since April 10 before Monday’s pullback.
April 27, 2026
Centrica Directors Buy Shares as British Gas Owner Shifts Cash Toward Big Energy Bets
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Centrica Directors Buy Shares as British Gas Owner Shifts Cash Toward Big Energy Bets

Centrica disclosed Monday that directors Frank Mastiaux and Sue Whalley bought a combined 1,676 shares at £2.084 each, a regulatory filing showed. The purchases came as Centrica’s 2025 adjusted EBITDA dropped to £1.417 billion from £2.305 billion, with free cash flow turning negative. Centrica shares traded at 208.8p, up 0.34% at 15:36 BST. The filing was made under Article 19 market-abuse rules.
April 27, 2026
BP Stock Faces a High-Stakes Earnings Test as Oil Trading Windfall Meets Debt Fears
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BP Stock Faces a High-Stakes Earnings Test as Oil Trading Windfall Meets Debt Fears

BP shares gained about 1% Monday as Brent crude hit a three-week high near $108 a barrel. The company reports first-quarter results Tuesday, with oil trading described as “exceptional” and net debt projected to rise to as much as $27 billion. Investors are watching CEO Meg O’Neill’s first results call and the impact of volatile oil markets on BP’s balance sheet.
April 27, 2026
Summer Flights Face Jet Fuel Crunch As UK Moves To Protect Holidays
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Summer Flights Face Jet Fuel Crunch As UK Moves To Protect Holidays

Lufthansa will cut 20,000 short-haul flights through October to save fuel after costs surged. UK airlines say they have enough jet fuel, but the government has relaxed airport slot rules in case supplies tighten. Ministers are preparing for possible wider disruptions if Middle East tensions persist. The European Commission has launched a jet fuel observatory and warned a prolonged Strait of Hormuz closure could severely impact supply.
April 26, 2026
PLS Group’s $38.1 Million Lithium Bet Tests Australia’s Battery Ambition
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PLS Group’s $38.1 Million Lithium Bet Tests Australia’s Battery Ambition

PLS Group has begun commissioning a lithium processing demonstration plant at Pilgangoora after securing up to A$38.1 million in ARENA funding and an offtake deal with Ningbo Ronbay. March-quarter revenue rose 52% to A$567 million as realised lithium prices jumped. Production increased 12% to 232,400 tonnes, while sales fell 16%. The company’s cash balance reached A$1.46 billion.
April 26, 2026
IGO Limited Shares Sink 18% After Greenbushes Lithium Downgrade Tests Turnaround Story
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IGO Limited Shares Sink 18% After Greenbushes Lithium Downgrade Tests Turnaround Story

IGO Limited shares fell 17.92% to A$7.010 after the company cut full-year production and raised cost guidance for its Greenbushes lithium mine. March-quarter spodumene output was flat at 351,000 tonnes, while costs and operational issues increased. Sales revenue rose 45% to A$119.7 million, but the Kwinana refinery posted an EBITDA loss. Peer PLS Group reported higher output and a share price gain.
April 26, 2026
Fortescue Ltd’s $680 Million Pilbara Power Bet Draws an Early Test From Miners and Data Centres
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Fortescue Ltd’s $680 Million Pilbara Power Bet Draws an Early Test From Miners and Data Centres

Fortescue shares fell 5.67% to A$19.78 on Friday after the company approved a US$680 million expansion of its Pilbara renewable energy project. Pilbara Minerals indicated willingness to collaborate on green power, as Fortescue targets industrial users including data centres. Fortescue shipped 48.4 million tonnes of iron ore in the March quarter, up 5% year-on-year. Full-year shipment guidance was maintained.
April 26, 2026
Woodside Energy CEO Pay Revolt Puts $14.8 Million Package And LNG Growth Plan In Spotlight
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Woodside Energy CEO Pay Revolt Puts $14.8 Million Package And LNG Growth Plan In Spotlight

Woodside CEO Liz Westcott faces scrutiny after 34.52% of shareholders voted against her FY26 long-term incentive award at the annual meeting, despite the resolution passing. The company is set to report first-quarter results April 29, as investors question executive pay, project delivery, and climate risk. Major pension funds HESTA and CalPERS opposed the pay package, which could reach A$14.8 million.
April 26, 2026
SSE Stock Gets New Catalyst as UK Power-Price Shake-Up Tests Utility Earnings
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SSE Stock Gets New Catalyst as UK Power-Price Shake-Up Tests Utility Earnings

Deutsche Bank raised its price target on SSE PLC to 2,900 pence and kept a “buy” rating after the UK government proposed voluntary fixed-price power contracts and increased the Electricity Generator Levy to 55%. SSE shares closed at 2,630.50 pence Friday. The company expects 2025/26 adjusted EPS of 147-152 pence and 14.5 TWh renewable output. Preliminary results are due May 28.
April 25, 2026
Glencore’s South Africa smelter rescue now hinges on a fast Nersa ruling
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Glencore’s South Africa smelter rescue now hinges on a fast Nersa ruling

Glencore-Merafe is urging fast approval of Eskom’s proposed 62c/kWh tariff relief for South African ferrochrome smelters, citing a May 11 labour deadline. Nersa has opened public consultations on changes to Eskom’s pricing agreements with Glencore-Merafe and Samancor. Several smelters remain idle after high power costs. The venture warns further delays could trigger job losses.
April 25, 2026
Rolls-Royce Holdings plc Wins Fresh Europe SMR Deal as Czech Nuclear Bet Moves Forward
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Rolls-Royce Holdings plc Wins Fresh Europe SMR Deal as Czech Nuclear Bet Moves Forward

Rolls-Royce SMR signed an early works contract with ČEZ Group to begin preparatory work for the Czech Republic’s first small modular reactor at Temelín, with the first unit now expected in the late 2030s. The deal follows a similar UK contract signed this month. Rolls-Royce shares closed down 2.65% at 1,129.40 pence on Friday. The Czech state is moving to take full control of ČEZ.
April 25, 2026
IGO’s Greenbushes Warning Hits Lithium Stock Just as Prices Turn Higher
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IGO’s Greenbushes Warning Hits Lithium Stock Just as Prices Turn Higher

IGO Limited cut full-year production guidance for the Greenbushes lithium mine to 1.375–1.425 million tonnes and raised cost forecasts, citing lower feed grade and maintenance outages. Shares fell by double digits after the update. Quarterly revenue rose 45% to A$119.7 million, but the company flagged systemic performance issues at Greenbushes. Kwinana refinery posted an A$8 million EBITDA loss.
April 24, 2026
Woodside Energy Group Gas Tax Warning Puts LNG Growth Plans On The Line
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Woodside Energy Group Gas Tax Warning Puts LNG Growth Plans On The Line

Woodside Energy warned Australian senators a proposed 25% gas export tax could make new projects unviable, adding to existing company and resource taxes. CEO Liz Westcott said Scarborough LNG remains on track for late 2026. Industry groups argued the levy would hurt investment, while supporters claimed it could raise A$17 billion a year. At Woodside’s annual meeting, 34.5% of votes opposed Westcott’s 2026 incentive award.
April 24, 2026
Standard Chartered’s $2 Billion India Energy Mandate Puts StanChart Back in the Deal Spotlight
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Standard Chartered’s $2 Billion India Energy Mandate Puts StanChart Back in the Deal Spotlight

Standard Chartered Bank has been appointed by Actis to advise on the sale of BluPine Energy, an Indian renewable energy platform valued at around $2 billion, according to The Economic Times. BluPine has about 4 GW of capacity. Standard Chartered also bought 832,000 of its own shares on April 23 as part of an ongoing buyback. Its shares closed down 0.82% in London on Friday.
April 24, 2026
National Grid Adds Capacity for 480,000 Homes as UK Grid Upgrade Push Accelerates
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National Grid Adds Capacity for 480,000 Homes as UK Grid Upgrade Push Accelerates

National Grid plc has switched on its Little Horsted substation in East Sussex, adding 0.5 GW of transmission capacity—enough to power 480,000 homes. The site is part of a £2.7 billion South East network upgrade running from 2026 to 2031. Two 178-tonne supergrid transformers were installed after a 27-mile move from Shoreham Port. The substation took two years to build.
April 24, 2026
Fortescue Shares Sink as Andrew Forrest’s US$680 Million Green Energy Bet Tests Investors
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Fortescue Shares Sink as Andrew Forrest’s US$680 Million Green Energy Bet Tests Investors

Fortescue approved a US$680 million Pilbara green-energy expansion targeting industrial and data centre clients. Shares fell 5.67% to A$19.78 despite record nine-month iron ore shipments of 148.7 million tonnes. FY26 shipment guidance remains at 195–205 million tonnes, but Iron Bridge output was cut after cyclone disruptions. C1 unit cost for hematite was US$18.29 per wet metric tonne.
April 24, 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.