Oil & Gas 25 March 2026 - 20 May 2026

ROAD Slides Pre-Market as Construction Partners Confronts Oil Price Issue
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ROAD Slides Pre-Market as Construction Partners Confronts Oil Price Issue

Construction Partners Inc. shares held steady in early Tuesday trading after closing Monday at $114.74, down 1.49%. The company reported fiscal Q2 revenue up 34.5% to $769.2 million and a record $3.14 billion backlog in May. No new press releases or filings were posted since May 8. Rising oil and asphalt costs remain a risk, with the company warning higher petroleum prices could hurt profits.
June 2, 2026
Shell’s Oil Bet Just Won a Fresh Investor Test as Qatar Deal Extends Reach
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Shell’s Oil Bet Just Won a Fresh Investor Test as Qatar Deal Extends Reach

Shell shareholders rejected a climate activist resolution by 86.99% and reappointed CEO Wael Sawan with 98.86% support at Tuesday’s annual meeting. Shell’s first-quarter adjusted earnings rose to $6.92 billion, but operating cash flow fell to $6.1 billion after a large working-capital outflow. Shares edged up 0.18% in mid-session London trade. QatarEnergy acquired interests in three Uruguay offshore blocks from a Shell unit.
May 20, 2026
Santos Shares Rise After Alaska Oil Moves, Traders Eye Tuesday Open
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Santos Shares Rise After Alaska Oil Moves, Traders Eye Tuesday Open

Santos shares rose 2.66% to A$8.09 on Monday after announcing first oil from the Pikka project in Alaska. The company expects output to reach 20,000 barrels a day in the coming weeks, targeting 80,000 barrels a day in the third quarter. The broader ASX 200 fell 1.45% as energy stocks outperformed on higher crude prices. Santos said Pikka production will be intermittent during late-stage commissioning.
May 18, 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
Woodside’s $30 Billion Browse Gas Bet Hits Decision Point as Australia Eyes Bigger Tax Take
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Woodside’s $30 Billion Browse Gas Bet Hits Decision Point as Australia Eyes Bigger Tax Take

Woodside Energy’s $30 billion Browse gas project could face a federal decision as early as next month, according to government documents. The company has begun pre-FEED engineering and issued invitations to tender for floating production facilities. Treasurer Jim Chalmers said the Petroleum Resource Rent Tax will generate higher revenue than forecast, with no changes planned to existing tax rules.
May 10, 2026
Santos Limited’s Pikka Expansion Plan Puts ASX:STO Back on Oil Investors’ Radar
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Santos Limited’s Pikka Expansion Plan Puts ASX:STO Back on Oil Investors’ Radar

Oil Search Alaska, a Santos subsidiary, has applied to expand the permitted C pad at the Pikka oil project on Alaska’s North Slope, according to a U.S. Army Corps of Engineers notice. The plan would add 46,500 cubic yards of gravel fill and impact 3.44 acres of wetlands. Public comments on the proposal close May 25. Santos shares closed at A$8.02, up 0.25% on the ASX.
May 3, 2026
BP PLC’s Venezuela Gas Deal Puts Big Oil’s Caracas Return in Play
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BP PLC’s Venezuela Gas Deal Puts Big Oil’s Caracas Return in Play

BP signed a memorandum of understanding with Venezuela to develop the Cocuina-Manakin gas field and explore the offshore Loran area, marking its return to the country. The deal follows similar agreements by Eni, Repsol, and Shell as Venezuela seeks to revive foreign energy investment. BP aims to supply gas to Trinidad for LNG export. The company reported Q1 underlying replacement cost profit of $3.198 billion and net debt of $25.3 billion.
May 1, 2026
Santos Limited CEO Gets A$5 Million Equity Award as Barossa, Pikka Deadlines Loom
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Santos Limited CEO Gets A$5 Million Equity Award as Barossa, Pikka Deadlines Loom

Santos CEO Kevin Gallagher received 665,283 share acquisition rights worth about A$5.1 million after shareholders approved the grant with 94.55% support. The award comes as Santos prepares for Barossa LNG’s production ramp and first oil sales from Alaska’s Pikka project. HESTA voted against Gallagher’s pay, citing performance concerns. Santos shares closed down 1.8% at A$7.65 on Monday.
April 28, 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
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
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
Shell Plc Eyes Shenandoah Stake as Oil Shock Sends Majors Chasing Safer U.S. Barrels
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Shell Plc Eyes Shenandoah Stake as Oil Shock Sends Majors Chasing Safer U.S. Barrels

Shell is considering a bid for a 51% stake in the Shenandoah offshore oil field in the U.S. Gulf, sources said, as sellers Beacon Offshore and HEQ Deepwater seek buyers. The field began producing in July 2025 and hit 100,000 barrels per day within 75 days. Brent crude settled at $109.03 after Trump threatened more attacks on Iran. Initial bids for Shenandoah are expected in the coming weeks.
April 3, 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
Exxon’s Haimara Project Sharpens Focus on Guyana’s $2 Billion Berbice Gas Pipeline as Power Demand Climbs
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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
Santos Limited Rushes Crude to Australian Refineries as Canberra Bolsters Fuel Security
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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
PetroChina Profit Falls as Lower Oil Prices Bite, but 2026 Spending Still Rises
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PetroChina Profit Falls as Lower Oil Prices Bite, but 2026 Spending Still Rises

PetroChina reported a 4.5% drop in 2025 net profit as lower oil prices cut earnings, with revenue down 2.5%. The company plans 279.4 billion yuan in capital expenditure for 2026, up from 269.1 billion yuan in 2025, and warned of continued price volatility due to geopolitical risks. Average realized crude price fell 14.2% to $64.11 a barrel, while gas output rose 4.5%.
March 29, 2026
Dow Enters Correction as Iran War Sends Oil Above $110 and Drags Wall Street to Six-Month Lows
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Dow Enters Correction as Iran War Sends Oil Above $110 and Drags Wall Street to Six-Month Lows

U.S. stocks closed at six-month lows Friday, with the Dow and Nasdaq both entering correction territory as investors braced for a prolonged Iran war. The S&P 500 fell 1.7%, the Nasdaq dropped 2.1%, and the Dow slid 1.75%. Oil prices surged, with Brent crude up 53% since late February. Consumer sentiment dropped to 53.3 in March, while inflation expectations and gasoline prices climbed.
March 27, 2026
ASX Set to Fall as Oil Tops $105, Wall Street Slides on Fading Iran Ceasefire Hopes
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ASX Set to Fall as Oil Tops $105, Wall Street Slides on Fading Iran Ceasefire Hopes

ASX 200 futures fell 0.7% to 8,501 ahead of Friday’s open after Brent crude topped $105 a barrel and global equities dropped as hopes for a swift Iran ceasefire faded. Wall Street saw sharp declines, with the Nasdaq down over 10% from its October high. The Strait of Hormuz remains closed, fueling oil supply concerns. Traders have now fully priced out a U.S. Federal Reserve rate cut this year.
March 26, 2026
BP PLC Share Price Today: Stock Edges Up as Ceasefire Hopes Hit Oil
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BP PLC Share Price Today: Stock Edges Up as Ceasefire Hopes Hit Oil

BP shares rose 0.5% to 560.12 pence in London Wednesday, tracking oil prices that fell after reports of a U.S. ceasefire proposal to Iran. Brent crude dropped 4% to $100.32 a barrel, while BP’s stock remained below last week’s 52-week high. BP halted share buybacks in February and sold its Gelsenkirchen refinery last week. Analysts warned oil prices could rebound if ceasefire talks stall.
March 25, 2026
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