Energy 31 March 2026 - 22 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
Glencore plc’s South Africa Power Deal Could Revive Smelters, But NERSA Still Holds the Key
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Glencore plc’s South Africa Power Deal Could Revive Smelters, But NERSA Still Holds the Key

Glencore-Merafe’s South African ferrochrome smelters could restart after Eskom agreed to a 62c/kWh power tariff, pending approval from energy regulator NERSA. The company has paused job cuts until May 11 as it awaits the regulator’s decision. The timing coincides with Glencore’s April 30 production report. Final approval and commercial terms remain uncertain.
April 22, 2026
Shell Plc’s Sierra Leone Deal Could Open A New Oil Frontier—If The Data Holds
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Shell Plc’s Sierra Leone Deal Could Open A New Oil Frontier—If The Data Holds

Shell signed a reconnaissance permit with Sierra Leone allowing geological and geophysical surveys over 20,600 square kilometres of offshore blocks. The agreement does not commit Shell to drilling. The move follows a similar deal with Eni last October. Friends of the Earth Netherlands filed a court case this week seeking to halt Shell’s new oil and gas investments.
April 22, 2026
Iran Says Lavan Oil Refinery Hit, Israel Denies Role as Ceasefire Faces Early Test
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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
Shell Plc Flags $15 Billion Working-Capital Hit as Iran Conflict Cuts Gas Output, Lifts Oil Trading
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Stock Market Today

  • Diploma Plc: £10,000 in FTSE 100 Stock Grew to £23,959 Over 5 Years
    May 25, 2026, 11:41 AM EDT. Diploma Plc (LSE:DPLM) has been a top FTSE 100 performer, turning a £10,000 investment five years ago into £23,959. The company reported 17% revenue growth and a 36% rise in earnings per share recently, driven largely by its Controls division, which benefits from increased defence spending and data centre demand. Despite this strong performance, risks persist due to the company's reliance on cyclical markets like aerospace and data centres. With a high price-to-earnings (P/E) ratio around 31, the stock could face sharp declines if demand falters. Analysts urge caution, noting that the firm's target of 5% annual organic growth may not justify its current valuation.