Oil Industry 11 February 2026 - 13 May 2026

BP Shares Climb in London as Investors Watch Oil Moves
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BP Shares Climb in London as Investors Watch Oil Moves

BP shares traded higher in London on Monday, outpacing the FTSE 100. The British oil giant got a lift from stronger crude prices, which drew investors back to BP’s turnaround trade. BP traded at 561.30 pence to sell and 561.50 pence to buy, up 9.20 pence, or 1.67%. That’s after a prior close at 552.20 pence, according to Hargreaves Lansdown. The FTSE 100 was just 0.08% higher.
May 18, 2026
BP PLC Deepens Oil Pivot With 40% Uzbekistan Stake as Shares Rise
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BP PLC Deepens Oil Pivot With 40% Uzbekistan Stake as Shares Rise

BP PLC has picked up a 40% stake in a production-sharing pact covering six exploration blocks in Uzbekistan’s North Ustyurt region, marking another step as the British oil major leans again into conventional energy. Under the PSA, investors like BP shoulder the exploration costs and split any resulting production with the government. Timing is key. BP is under pressure to show that Meg O’Neill—its chief executive—can boost returns and reassure investors after a stretch of shifting strategies. O’Neill has informed employees that a shake-up dividing BP into upstream and downstream arms kicks off in June, a nod to the company’s pre-2020 structure, before the renewables pivot.
May 13, 2026
DNO Tawke Restart Stalls: Kurdistan Oil Output Still Shut as Genel and ShaMaran Feel Iran War Hit
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DNO Tawke Restart Stalls: Kurdistan Oil Output Still Shut as Genel and ShaMaran Feel Iran War Hit

ERBIL, May 7, 2026, 23:03 DNO ASA has resumed some field activity at its Tawke license in Iraq’s Kurdistan, handling well maintenance and launching an eight-well drilling program. Actual production is still off, after the company suspended operations in the wake of the U.S.-Israeli strikes on Iran on Feb. 28. According to Reuters, DNO hasn’t provided any timeline for restarting output at either Tawke or Peshkabir.
May 7, 2026
UK Stock Market Today: FTSE 100 Is Closed, But Tuesday’s Oil Test Looks Bigger Now
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UK Stock Market Today: FTSE 100 Is Closed, But Tuesday’s Oil Test Looks Bigger Now

With London markets shut Monday for the Early May Bank Holiday, the FTSE 100 sat out the latest round of global selling. The London Stock Exchange had flagged May 4 as a non-trading and non-settlement day for sterling trades. This time, UK investors come back on Tuesday to a different landscape: oil prices have jumped, European stocks slid, and the Middle East is once again squarely on traders’ radar. The FTSE 100 leans hard toward energy, mining, banks, and global pharma giants—so while a holiday may push back the reaction, it won’t prevent the market from catching up.
May 4, 2026
UK Stock Market Today: FTSE 100 Closed for Easter Monday as Oil, Iran Talks Set Up Tuesday Test
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UK Stock Market Today: FTSE 100 Closed for Easter Monday as Oil, Iran Talks Set Up Tuesday Test

With markets closed for Easter Monday, the FTSE 100 held steady at Thursday’s finish of 10,436.29. The London Stock Exchange confirmed that cash trading resumes at 0800 BST on April 7. The FTSE 250 mid-cap index was last seen at 21,642.30. London is set to reopen in the thick of a market swayed by oil swings, ceasefire news, and changing rate bets. On Monday, global equities barely budged, while Brent crude held at $108.74 a barrel during the afternoon. UK traders now face the risk of sharp moves in energy prices or diplomatic shifts.
April 6, 2026
BP PLC Faces Crucial Week as Oil Rally Boosts Outlook Before Meg O’Neill Takes Charge
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BP PLC Faces Crucial Week as Oil Rally Boosts Outlook Before Meg O’Neill Takes Charge

Brent crude is trading over $115 a barrel as BP readies for its April 1 leadership transition, putting the company on track for its steepest monthly gain since at least 1988, LSEG data shows. That’s a markedly stronger setup for incoming CEO Meg O’Neill than just a few weeks back. O’Neill steps into the role April 1. Timing is key for BP, which has had a slimmer safety cushion than certain peers. Back in February, BP announced it would pause $750 million in quarterly buybacks and absorb around $4 billion in charges tied to renewables and biogas holdings. The company is now redirecting extra cash flow toward slashing net debt, aiming for a $14 billion to $18 billion range by
March 30, 2026
Santos Stock Price Today: Why ASX STO Held Firm as Oil Hit $103 and Rates Rose
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Santos Stock Price Today: Why ASX STO Held Firm as Oil Hit $103 and Rates Rose

Santos Limited shares ticked higher on March 17, closing at A$7.71, with Brent crude finishing the session at $103.42 a barrel. Renewed Iranian attacks on the UAE rattled nerves over Middle East supply, feeding into the move. That kept Santos—Australia’s No. 2 oil and gas producer—firmly on traders’ radar. The clock’s a factor here. Back in January, Santos flagged a boost in 2026 output, hinging on the Barossa gas project and Alaska’s Pikka oil ramping up. CEO Kevin Gallagher projected the pair would “lift Santos’ production by around 25 to 30 per cent by 2027.”
March 18, 2026
BP Share Price Hits Fresh Year High as $100 Oil and Kaskida Approval Lift Stock
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BP Share Price Hits Fresh Year High as $100 Oil and Kaskida Approval Lift Stock

BP shares climbed to a new yearly peak on Monday, buoyed by oil surging past $100. Fresh demand for energy names came as tensions near Iran threatened the Strait of Hormuz, a chokepoint handling roughly a fifth of the world’s energy shipments. The stock hovered near 537.8 pence in London, after an earlier spike to 546 pence. Shell posted gains as well. This shift comes at a pivotal moment for BP, which remains in repair mode with investors after it paused $750 million in quarterly buybacks back in February—choosing to focus on debt reduction and channeling more capital toward oil and gas. Higher crude prices could give that plan a boost, providing extra cash flow right as the company’s latest
March 16, 2026
Transocean Stock Price Today: RIG Climbs as Oil Rally Puts Valaris Deal Back in Focus
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Transocean Stock Price Today: RIG Climbs as Oil Rally Puts Valaris Deal Back in Focus

Transocean Ltd picked up 2.1%, changing hands at $6.29 as of 12:11 p.m. EDT Wednesday, after hitting $6.34 earlier. Crude surged almost 4%, triggered by new attacks on vessels in the Strait of Hormuz and revived global supply worries. Brent was last seen at $91.20 a barrel, U.S. crude at $86.70 earlier in New York. This is a big one for Transocean, which has been working to steer investors’ attention to its debt reduction efforts—right as it moves forward with the $5.8 billion all-stock buyout of Valaris. A stronger oil price isn’t a guarantee, but it does make the pitch for offshore drilling a little easier, keeping those long-horizon projects on firmer footing.
March 11, 2026
Last Week on Saudi Exchange: TASI claws back to weekly gain as oil rally steadies Saudi stocks
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Last Week on Saudi Exchange: TASI claws back to weekly gain as oil rally steadies Saudi stocks

The Tadawul All Share Index wrapped up Thursday at 10,776.32, gaining 83.63 points for the session—roughly a 0.6% increase from last week’s close. Out of the stocks traded, 194 advanced while 62 fell, according to Saudi Exchange figures. Turnover tallied 5.23 billion riyals. Riyadh held up better than several of its Gulf neighbors, even as worries over disruption near the Strait of Hormuz—responsible for about 20% of global oil shipments—sent shockwaves through regional markets and pushed crude prices higher. Dubai’s bourse slid 1.3% on Thursday; Abu Dhabi dropped 2.2%. Saudi Arabia’s finance ministry, for its part, maintained that the kingdom’s fiscal footing remained solid, with economic activity described as normal.
March 7, 2026
Slovakia taps emergency oil reserves as Druzhba shutdown shifts pressure to Croatia’s Adria pipeline
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Slovakia taps emergency oil reserves as Druzhba shutdown shifts pressure to Croatia’s Adria pipeline

Slovakia has declared an emergency around the country’s oil supplies, Prime Minister Robert Fico said on Wednesday. The government is tapping 250,000 tonnes of crude from state reserves to keep Slovnaft’s Bratislava refinery running. Fico also flagged the cost of rerouting oil through Croatia’s Adria pipeline, calling it “more than five times more expensive” compared to the Druzhba line. https://newsnow.tasr.sk/fico-transporting-oil-via-adria-will-be-much-more-expensive-than-via-druzhba/ https://www.bloomberg.com/news/articles/2026-02-18/slovakia-releases-250-000-tons-of-emergency-oil-for-slovnaft That decision finally puts a figure on an issue that's been simmering since late January, after Russian oil shipments through the Druzhba pipeline stalled—leaving Slovakia and Hungary scrambling for other sources and dipping into their emergency reserves. The European Commission maintains there’s no immediate danger to supply, given both countries have the required 90 days’ worth of backup. But
February 18, 2026