Oil & Gas 2 March 2026 - 24 March 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
BP Stock Price Rebounds Above 546p as Oil Tops $100 Again, Iran Risk Lingers
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BP Stock Price Rebounds Above 546p as Oil Tops $100 Again, Iran Risk Lingers

BP bounced back in London trading Tuesday, up roughly 1.5% at 546 pence, after Brent crude pushed past $100 a barrel. On Monday, shares had slumped 4.21%, ending at 538.6 pence. Oil prices reversed course as Iran rejected U.S. statements about possible negotiations to halt the Gulf war. “The reality on the ground is unchanged,” said Nikos Tzabouras, analyst at Jefferies-owned Tradu.com. That’s significant: BP draws roughly 22% of its total output—about 503,000 barrels of oil equivalent per day—from the Middle East in 2025, a region now at the center of the latest oil shock. The company doesn’t operate any refineries in the area, but relies on this oil-and-gas production metric.
March 24, 2026
Shell Plc Stock Price Slips After Qatar Repair Warning as Oil Rally Keeps Shares Near Highs
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Shell Plc Stock Price Slips After Qatar Repair Warning as Oil Rally Keeps Shares Near Highs

Shell’s London stock slipped 0.78% to 3,434 pence on Friday after the company announced that fixing a damaged train at its Pearl facility in Qatar would require roughly a year. The first train at Pearl remains intact, according to Shell, and its 30% stake in QatarEnergy LNG N—amounting to 2.4 million tonnes per year of equity output—is unchanged. This puts Shell in a tricky spot. The company’s exposure in Qatar weighs on it directly, yet Brent crude just closed out the week at $112.19 per barrel—levels last seen in July 2022. Even so, Shell’s stock remains close to its March 17 high of 3,486 pence for the past year.
March 21, 2026
Suriname widens Guyana-Suriname basin oil hunt as new seismic plans target the “next Golden Lane”
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Suriname widens Guyana-Suriname basin oil hunt as new seismic plans target the “next Golden Lane”

PARAMARIBO, March 18, 2026, 18:34 SRT Suriname is ramping up its offshore exploration, moving past the deepwater zone responsible for its initial discoveries. A fresh industry report points to a possible continuation of the Guyana-Suriname basin’s so-called “Golden Lane,” while plans are in motion for a new seismic campaign that should give a clearer sense of the country’s deepwater potential. The effort targets frontier areas—spots with minimal or no 3D seismic data, the key subsurface mapping technique used ahead of drilling.
March 18, 2026
BP Stock Price Climbs as Oil Reclaims $100, Putting Buyback Pause Back in Focus
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BP Stock Price Climbs as Oil Reclaims $100, Putting Buyback Pause Back in Focus

BP shares climbed over 1% in London on Tuesday. Its U.S.-traded stock added almost $1 to reach $43.90 at 13:51 UTC, after new Iranian strikes on the United Arab Emirates sent Brent crude surging past $100 a barrel. That pop pulled BP squarely into the broader rally in European energy names. BP’s situation has changed: after halting its $750 million quarterly buyback last month, the company is channeling cash toward trimming debt and ramping up its oil and gas focus. Shell and Exxon, by contrast, didn’t break stride on buybacks, which leaves BP more exposed when oil prices slip—yet gives the company extra room to run when crude rallies.
March 17, 2026
BP Stock Price Touches 52-Week High as Oil Jumps Above $100
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BP Stock Price Touches 52-Week High as Oil Jumps Above $100

BP shares climbed to a 52-week high Thursday, with oil prices surging past $100 a barrel following attacks on tankers off Iraq. At 11:33 GMT, the stock was at 515.8 pence, having reached 517.4 pence earlier in the session. BP closed Wednesday at 514.0 pence. BP’s decision has some weight, with the company still working to win back investors after it ditched its $750 million quarterly buyback last month to prioritize debt repayment. Net debt finished the year at $22 billion, according to BP. Oil’s rally feeds straight into upstream gains for the firm — but a surge like this tends to stoke inflation worries and pushes traders to delay rate-cut calls.
March 12, 2026
Santos Limited greenlights $357 million Moomba Central Optimisation project to cut costs, extend Cooper Basin gas output
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Santos Limited greenlights $357 million Moomba Central Optimisation project to cut costs, extend Cooper Basin gas output

ADELAIDE, March 11, 2026, 09:07 Santos Limited and Beach Energy have taken a final investment decision, the formal go-ahead to commit capital, on the Moomba Central Optimisation project in South Australia’s Cooper Basin. Santos said it will invest $357 million over three years to replace seven ageing gas-driven compressor stations with a single electric-driven hub and add new capacity at the Moomba gas plant.
March 11, 2026
Woodside Energy Launches Trion Drilling Campaign, Testing Mexico Oil Bet Amid CEO Search
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Woodside Energy Launches Trion Drilling Campaign, Testing Mexico Oil Bet Amid CEO Search

Woodside Energy kicked off drilling at the Trion field alongside Pemex on Monday, moving its $7.2 billion deepwater oil venture in Mexican waters into the offshore phase. The company is still aiming for first oil by 2028. The timing is key here—Woodside’s search for a new leader continues after Meg O'Neill stepped down in December and moved to BP. Over the weekend, Reuters flagged BHP Australia President Geraldine Slattery as a contender for the CEO job. The board, for its part, still expects to lock in a permanent hire sometime in the first quarter.
March 10, 2026
Sable Offshore Corp shares jump as Trump weighs emergency powers for stalled California oil restart
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Sable Offshore Corp shares jump as Trump weighs emergency powers for stalled California oil restart

Interior Secretary Doug Burgum on Thursday said the Trump administration is weighing emergency powers as a workaround for Sable Offshore Corp, aiming to sidestep California’s permitting snags that have blocked its oil output. The Houston-based firm’s stock surged 37.3% to end the day at $13.85. Sable is feeling the pressure. Last week, the company said it brought the Santa Ynez Unit back online in May 2025, but commercial oil sales remain suspended. Crude keeps piling up at Las Flores Canyon, with no pipeline or tanker access in sight. Short-term debt stacked up to $921.6 million by the end of 2025, with cash reserves at $97.7 million.
March 6, 2026
Standard Chartered raises 2026 Brent forecast as Hormuz shock keeps oil above $80
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Standard Chartered raises 2026 Brent forecast as Hormuz shock keeps oil above $80

Standard Chartered PLC bumped up its Brent crude outlook for 2026, flagging upside risk if Middle East tensions take a bigger toll on supply or shipping lines. The bank now expects Brent to hit $74 a barrel in the first quarter of 2026, up from $62. For the second quarter, the projection moves to $67 from $63. The 2026 average climbs to $70 a barrel from the earlier $63.50 call. According to Standard Chartered, the forward curve—futures prices across the strip—has strengthened as markets take another look at tight spare capacity and possible bottlenecks, including the Strait of Hormuz. The move hits as volatility continues. Brent climbed $2.44, or 3%, to $83.84 a barrel by 0722 GMT on Thursday, chalking
March 5, 2026
Heating oil price jumps above $3.25 as Hormuz disruption keeps fuel traders on edge
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Heating oil price jumps above $3.25 as Hormuz disruption keeps fuel traders on edge

NEW YORK, March 4, 2026, 13:55 — Regular session NYMEX ultra-low sulfur diesel futures—widely viewed as the market’s stand-in for heating oil and diesel—pushed higher Wednesday. Gains tracked strength across the oil complex, with traders keeping a premium on supply risk linked to conflict in the Middle East. April delivery added 7.15 cents, settling at $3.2584 per gallon.
March 4, 2026
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