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. traded almost unchanged in early Tuesday action, sitting at $114.73 according to Google Finance, after closing Monday at $114.74, down 1.49%. The road builder dropped Monday as traders considered higher oil-linked costs and a backlog that remains strong. The timing is notable since there hasn’t been any new company release or SEC filing to move the story. The investor-relations page for Construction Partners still showed its most recent news was the May 8 fiscal Q2 report. The most recent 10-Q and 8-K filings were also dated May 8.
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 handed Chief Executive Wael Sawan a strong vote of confidence on Tuesday, rejecting a climate activist resolution by 86.99% to 13.01% and reappointing him with 98.86% support, Shell’s annual meeting results showed. Chairman Andrew Mackenzie won 94.08%, leaving the board with a clear mandate to keep pressing its oil-and-gas-heavy strategy. The timing matters. Brent crude fell $2.97 to $108.31 a barrel on Wednesday after comments from U.S. President Donald Trump pointed to a possible easing of the Iran conflict, but the price remained high enough to keep investors focused on cash generation at the large oil producers.
May 20, 2026
Santos Stock Holds Close to Year High After Alaska First Oil
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Santos Stock Holds Close to Year High After Alaska First Oil

Santos Limited enters Wednesday’s ASX trade with attention on its Pikka project in Alaska, where investors wait to see if first oil will support shares close to a 52-week high. The stock last changed hands at A$8.09 on May 19, trading between A$8.065 and A$8.16. Its 52-week range stands at A$5.90 to A$8.19, just shy of Tuesday’s level and the year’s top. ASX cash market trading was paused at the dateline. Regular hours go from 09:59:45 to 16:00 in Sydney. Tuesday’s close is still the latest price available, with no live read for Wednesday.
May 19, 2026
BP Shares Edge Up After Oil Market Jolt, Refinery Issues Come Back Into View
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BP Shares Edge Up After Oil Market Jolt, Refinery Issues Come Back Into View

BP shares traded up in London on Tuesday, keeping most of gains from Monday’s rally tied to oil prices. Investors are looking at steady energy prices, while waiting for the labor dispute at BP’s Whiting refinery in Indiana to get resolved. BP traded at 568.30 pence in London, up a little from its last close at 567.10 pence. The shares swung between 564.80 pence and 571.60 pence on the day, Investing.com data showed. Hargreaves Lansdown was quoting a sell price at 567.50 pence and a buy price at 567.70 pence. The FTSE 100 was up 0.48%.
May 19, 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 jumped 2.66% to A$8.09 on Monday, lifted by news that oil is now flowing at the Pikka project in Alaska. The stock got as high as A$8.12 after the company confirmed “first oil” from the field. Santos heads into Tuesday’s ASX session with fresh momentum. Energy shares rose on Monday even as the wider Australian market lost ground. The S&P/ASX 200 dropped 1.45% to 8,505.3, but the energy sector added 1.46% as crude prices climbed and Woodside Energy advanced, ABC News reported.
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 Group Ltd picked up 0.75% on Tuesday, closing at A$30.74 after starting the session at A$30.52 and touching A$30.96 at its peak—a move tied to the day’s commodity bid, though project headaches still linger. Santos eked out a 0.53% rise. BHP’s rally signaled resource stocks drawing fresh money. Oil led the move. Brent finished up 3.42% at $107.77, while WTI jumped 4.19% to $102.18, as optimism for a U.S.-Iran deal fizzled. For producers with a mix of LNG, oil, and condensate, pricier spot energy feeds forward into cash flow—well before those gains appear in earnings reports.
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 Group’s $30 billion Browse gas project is edging closer to a potential federal go-ahead, possibly as early as next month. The massive undeveloped offshore gas resource is back on the radar for investors, just as Canberra gears up to reveal a lift in offshore gas-tax revenues. Timing is key here. Woodside is pushing ahead with major, long-term developments just as Australia’s gas policy is pulled in different directions: supply security, household energy costs, export cash, and climate concerns all competing for priority. Treasurer Jim Chalmers says the Petroleum Resource Rent Tax, which targets offshore oil and gas profits, is set to generate more revenue than earlier estimates. Still, the government isn’t planning to alter current 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, the U.S. arm of Santos Limited, is pushing ahead with plans to enlarge the permitted C pad at the Pikka oil project up on Alaska’s North Slope—another sign that first oil isn’t far off for the Australian firm. According to Petroleum News on Sunday, the application would cover the C pad, which hasn’t been built yet. Drilling for now remains focused on the A pad. Oil Search Alaska is seeking changes to its Pikka project—previously known as Nanushuk—citing new safety and logistical requirements for drilling, completions, and overall operations, according to a U.S. Army Corps of Engineers public notice. The window for public comments runs through May 25. A drill pad refers to a gravel site where
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 has inked a memorandum of understanding with Venezuela to jointly develop the Cocuina-Manakin gas field and look into potential projects in the offshore Loran region—marking the energy giant’s return to a country now seeking to attract fresh foreign investment. The memorandum, known as an MOU, signals intentions for cooperation but stops short of confirming imminent production. Timing is key here. BP’s new CEO, Meg O’Neill, is working to reshape the company for better oil and gas profits, less debt, and a leaner setup after a turbulent stretch. In Venezuela, officials are striking energy deals to lure Western producers once more, following years of sanctions and political turmoil.
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 Limited disclosed that Chief Executive Kevin Gallagher received 665,283 share acquisition rights, an equity award with a notional value of about A$5.1 million based on the company’s Monday close of A$7.65. The rights were issued at nil consideration after shareholder approval earlier this month, a filing showed. The timing matters because Santos is trying to turn two large growth projects into cash flow. Barossa LNG, or liquefied natural gas, is due to restart its production ramp after commissioning problems, while first sales oil from the Pikka project in Alaska is expected in coming weeks.
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 Plc has picked up a reconnaissance permit from Sierra Leone, clearing the way for the oil giant to conduct detailed geological and geophysical surveys on several offshore blocks. It’s a shot at attracting more international investment into Sierra Leone’s deepwater basin. The permit stretches over roughly 20,600 square kilometres and greenlights basin modelling and petroleum systems analysis—methods for testing the commercial potential of oil and gas reserves. For Shell, the deal offers a cheap, early shot at a frontier basin—at a time when investors are pressing major energy firms to tighten up their exploration budgets.
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 Plc is approaching its Q1 2026 update, scheduled for April 8, with oil prices still hovering close to $110 a barrel—good news for investors eyeing a solid first quarter after recent turbulence in Middle East energy markets. Reuters reported last month that the upcoming note will break down the anticipated financial impact of the conflict. The note’s timing is key—Shell is set to offer investors an early look at how the recent supply shock is working its way through a top-tier oil and gas firm, and the world’s largest LNG trader. Investors are still eyeing Shell’s $3.5 billion buyback and dividend approach, especially after that softer fourth quarter back in February.
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 Group Ltd’s U.S. shares ticked up roughly 0.7% Monday, closing at $24.41 as Brent crude stuck above $109 a barrel and traders looked for alternatives to Middle East supply. Brent wrapped up at $109.77, U.S. crude at $112.40. The Australian producer remains on watch. This is a key moment for Woodside. Investors are set to scrutinize whether management can actually translate stronger energy prices into delivered projects. Eyes will be on the company’s annual meeting April 23, then its first-quarter numbers April 29. Chief Executive Liz Westcott is targeting 2026 as a “big year of delivery,” with Scarborough expected to send out first LNG in the fourth quarter. RBC’s Gordon Ramsay described Westcott as a “low-risk appointment” for
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 among oil majors studying a 51% stake in the Shenandoah offshore field in the U.S. Gulf, sources familiar with the process said, as conflict-driven supply fears push buyers toward North American barrels. BP and TotalEnergies are also in the early mix, while Shell declined to comment. The timing matters. Brent settled at $109.03 a barrel and U.S. crude at $111.54 on Thursday after Trump vowed more attacks on Iran, and immediate U.S. crude for next-month delivery traded at a record premium to later barrels — a sign traders are paying up for near-term supply. Shell’s financial calendar shows a first-quarter update due on April 8, with full Q1 results scheduled for May 7.
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 Plc is close to sealing a deal with Venezuela's government for rights to four offshore gas blocks near Trinidad and Tobago, potentially unlocking around 20 trillion cubic feet of reserves and shoring up supplies for Atlantic LNG. According to two people with knowledge of the matter, Shell is pushing for more territory beyond the well-known Dragon field—something the company acknowledged in an emailed statement as it confirmed its interest in the extra acreage. Timing’s crucial here. The global liquefied natural gas market has tightened fast—Qatari supply and shipping through the Strait of Hormuz took a hit after the Iran war, and Trinidad’s Atlantic LNG has faced gas shortages, keeping it below full output. Asian spot LNG prices have soared
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

Georgetown, March 30, 2026, 16:09 ExxonMobil has pegged the Haimara gas field as the centerpiece for its ninth offshore project in Guyana. At the same time, a fresh utility forecast projects power demand could reach 1,575 megawatts by 2030, adding momentum to a proposed second gas pipeline to Berbice—a project the company estimates could top $2 billion.
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 has accelerated a portion of a 575,000-barrel Cooper Basin crude shipment for Viva Energy's Geelong plant, while shifting a separate 150,000-barrel Varanus Island lot to Ampol just last week, according to reports from Upstream and The Australian on Sunday. The outlets noted the transactions are aimed at boosting local refining capacity as fuel supply pressures mount in Australia. The issue is front and center after Canberra announced on Saturday a move to amend export-finance laws, letting the government backstop private-sector fuel buys—this comes as Middle East turmoil rattles supplies in a nation that imports around 90% of its fuel. Prime Minister Anthony Albanese outlined “new powers” aimed at “get[ting] fuel here,” and Energy Minister Chris Bowen put Australia’s
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 Co., Ltd. reported a 4.5% drop in 2025 net profit, citing weaker oil prices that weighed on its bottom line. Revenue decreased 2.5%, the company said in annual results filed in Hong Kong on Sunday. The takeaway: PetroChina is ramping up spending on major, long-term projects and doubling down on gas, right as China's energy mix keeps evolving and oil markets get unpredictable again. The company’s capital expenditure is set to reach 279.4 billion yuan in 2026, compared with 269.1 billion yuan the year before. Still, management flagged the risk that geopolitics could trigger sharp price moves.
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

Wall Street ended sharply lower Friday, with the Dow Jones Industrial Average falling into correction territory and all three major indexes closing at their weakest levels in over half a year. Worries about a prolonged, more expensive Iran conflict weighed heavily. According to preliminary numbers, the S&P 500 slipped 1.7% to 6,366.96. The Nasdaq fell 2.1% to 20,949.24. The Dow ended down 1.75% at 45,156.51. What’s changed: the slide isn’t just about panicked trading on war news anymore. The Nasdaq hit correction territory on Thursday—down 10% from its recent peak. By Friday, the Dow joined it. Fed rate cuts? Traders have erased those bets for this year, despite consumer sentiment in the U.S. hitting new lows.
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

Friday's open looked soft for Australian shares, with ASX 200 futures off 63 points, or 0.7%, sitting at 8,501. Brent crude surged past $105 a barrel, while equities worldwide dropped as hopes for a swift Iran ceasefire dwindled. In Australia, that’s hitting home: pricier crude is already finding its way into fuel costs and stoking inflation worries. The Reserve Bank of Australia has flagged that a protracted conflict in the Middle East poses a risk to growth. Meanwhile, with the Strait of Hormuz — a key chokepoint for around 20% of global oil and LNG shipments — still basically closed off, concerns aren’t easing.
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 ticked up in London trading Wednesday, with shares at 560.12 pence as of 1105 GMT. That’s a 0.5% gain from the previous close at 557.5 pence, yet the stock stayed under its 52-week peak of 583.6 pence. Oil’s pullback on ceasefire headlines kept gains in check. BP’s price action is less about its fundamentals these days and more about serving as a liquid oil proxy. Brent crude dropped roughly 4%, sitting at $100.32 a barrel by 0708 GMT, after word got out that Washington floated a 15-point proposal to Iran to try to halt the war. Europe’s energy stocks barely budged, edging up, while the STOXX 600 added 1.4%.
March 25, 2026
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