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Oil & Gas

Woodside appoints former Anglo American CEO Cutifani to board
Woodside appoints former Anglo American CEO Cutifani to board
19th March 2026 By: Mariaan Webb

Australian energy major Woodside Energy has appointed veteran mining executive Mark Cutifani as an independent non-executive director, effective March 19. Cutifani’s appointment is aimed at... 


US President Donald Trump
Trump Alaska lease sale draws record $163m from oil majors
19th March 2026 By: Reuters

The US government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska's National Petroleum Reserve, attracting $163-million in winning bids from industry... 


Prime Minister Mark Carney
Carney climate plan at risk as Canadian oil companies stress need to boost production
18th March 2026 By: Reuters

A key plank of Canadian Prime Minister Mark Carney's climate plan will likely miss its target implementation date, industry sources said, raising new doubts about Canada meeting its environmental... 


Lizz Westcott has been appointed CEO and MD of Woodside Energy
Woodside appoints interim chief Liz Westcott as permanent CEO
18th March 2026 By: Reuters

Australia's Woodside Energy on Wednesday appointed interim chief Liz Westcott as CEO and MD, succeeding Meg O'Neill who departed Australia's largest oil and gas producer in December to take the... 


An oil rig
Trump adviser says Iran 'terror premium' inflated oil prices for decades
16th March 2026 By: Reuters

Neutralising Iran could make crude oil much cheaper because the threat posed by Tehran imposed a "terror premium" that inflated global oil prices for decades, a top White House adviser said in a... 


Oil could hit $150/bbl, WoodMac warns
Oil could hit $150/bbl, WoodMac warns
10th March 2026 By: Sabrina Jardim

With 15-million barrels a day of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market, a process that could require prices to reach $150/bbl, new analysis by... 


Minerals Council South Africa CEO Mzila Mthenjane.
Turn wealth beneath soil into prosperity for all, Minerals Council CEO pleads
10th March 2026 By: Martin Creamer

South Africa’s mining sector must be a national economic priority so as to unleash its inherent and powerful multiplier effects, make inroads into high levels of unemployment and contribute to... 


An oil tanker at port
Oil falls as Trump predicts Middle East de-escalation
10th March 2026 By: Reuters

Oil prices fell on Tuesday after hitting an over three-year high in the prior session as US President Donald Trump predicted the war in the Middle East could end soon, easing concerns about... 


Middle East conflict threatens Asian LNG demand growth over next decade, WoodMac warns
6th March 2026 By: Sabrina Jardim

Consultancy Wood Mackenzie (WoodMac) has reported that its analysis indicates that the Middle East conflict could disrupt 200-million tonnes a year of forecast Asian liquefied natural gas (LNG)... 


US-Israel war sends shockwaves through commodity markets
US-Israel war sends shockwaves through commodity markets
6th March 2026 By: Sabrina Jardim

The US-Israel war on Iran has sent shockwaves through commodity markets since February 28, resulting in a 4.5% week-on-week rise in the Bloomberg Commodity Index as of March 5, led by gains in the... 


Canadian Natural Resources beats 4th quarter profit estimates on higher production
Canadian Natural Resources beats 4th quarter profit estimates on higher production
6th March 2026 By: Reuters

Oil and gas producer Canadian Natural Resources on Thursday posted a better-than-expected profit in the fourth quarter, as executives pointed to the company's ability to weather dramatic swings in... 


Illustration showing 3D-printed oil pump jacks, the Iranian flag and a rising stock graph
Global economy faces inflation and growth test amid escalating conflict in Iran – Goldman
5th March 2026 By: Reuters

A temporary surge in oil prices to $100/bbl could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East... 


An aerial view of the Strait of Hormuz
US strike on Iran 'ahead of game plan' but global markets rattled, energy prices soar
4th March 2026 By: Reuters

US forces continued a round-the-clock assault on Iran and Israel mounted a "broad wave" of strikes on Wednesday targeting Iranian missile sites and air defence systems in a campaign that a top... 


Iran flag
Gold, crude oil prices trend higher amid world’s newest conflict in Middle East
3rd March 2026 By: Marleny Arnoldi

UK-based market research agency CreditSights says the conflict in Iran is already influencing global metals markets, with prices reflecting both geopolitical risk premiums and rising energy costs.... 


BHP chairperson Ross McEwan
BHP chair says Australia should look at gas, corporate tax cuts to lift productivity
3rd March 2026 By: Reuters

Australia should invest in natural gas to lower energy prices, and review corporate tax levels to boost the nation's productivity over the coming years, Ross McEwan, chair of Australia's biggest... 


The Strait of Hormuz between the Persian Gulf and the Gulf of Oman
South Africa can expect fuel price increases amid Middle East conflict
2nd March 2026 By: Schalk Burger

The biggest immediate impact of the US-Israeli attack on Iran on countries like South Africa will be the elevated uncertainty about global oil prices and the prospect of higher fuel costs in the... 


Oil tankers at sea
Ship insurers cancel war risk cover due to Iran conflict
2nd March 2026 By: Reuters

Several marine insurers said they are cancelling war risk cover for ships due to the conflict in Iran and the Gulf. Insurers including Gard, Skuld, NorthStandard, the London P&I Club and the... 


Woodside's annual profit beats forecasts on strong output, shares hit 18-month high
Woodside's annual profit beats forecasts on strong output, shares hit 18-month high
24th February 2026 By: Reuters

Oil and gas producer Woodside Energy posted a smaller-than-expected fall in annual profit on Tuesday, as higher production softened the blow from weaker realised prices, sending shares up to a... 


Santos signs gas supply agreement for Whyalla Steelworks
20th February 2026 By: Reuters

Australia's Santos said on Friday it has signed an agreement with the South Australian government to supply 20 petajoules (PJ) of gas annually over 10 years to help transform Whyalla Steelworks... 


CEO Kevin Gallagher
Santos to cut 10% jobs as growth projects near end, annual profit misses estimates
18th February 2026 By: Reuters

Australian oil and gas producer Santos reported a steeper-than-expected drop in annual profit on Wednesday, hurt by weak commodity prices, and said it would reduce its headcount by about 10% as... 


Australian gas producer Santos wins court fight over net zero claims
Australian gas producer Santos wins court fight over net zero claims
17th February 2026 By: Reuters

An Australian court on Tuesday threw out a lawsuit against gas producer Santos that alleged the company misled the public on its plans to achieve net zero carbon emissions. The lawsuit was... 


Woodside beats Q4 revenue estimates despite oil slump, flags lower 2026 output
Woodside beats Q4 revenue estimates despite oil slump, flags lower 2026 output
28th January 2026 By: Reuters

Australia's Woodside Energy on Wednesday flagged a lower production outlook for 2026, tempering stronger-than-expected fourth-quarter revenue that was underpinned by resilient output despite weaker... 


Santos CEO Kevin Gallagher
Santos forecasts higher 2026 production as Barossa, Pikka projects ramp up
22nd January 2026 By: Reuters

Australian oil and gas producer Santos forecast higher 2026 production on Thursday, as it ramps up output at its Barossa liquefied natural gas project and starts producing oil from its Pikka... 


commodities trading
Gold, copper underpin commodities outlook as oil, grains eye recovery
19th January 2026 By: Darren Parker

Commodities are entering 2026 on a firmer footing, with gold and copper supported by strong structural drivers and the potential for recovery emerging in oil and grain markets later in the year,... 


President Cyril Ramaphosa (left) with UAE President Sheikh Mohamed bin Zayed Al Nahyan.
Significant new platinum-linked green hydrogen advances sweeping across UAE and US
15th January 2026 By: Martin Creamer

Speaking at the Abu Dhabi Sustainability Week on Tuesday, South African President Cyril Ramaphosa positioned green hydrogen at the centre of Africa’s big energy opportunity – and then on Wednesday... 


British Columbia seeks closer ties on trade and resources with India
13th January 2026 By: Reuters

British Columbia is seeking to deepen its commercial ties with India in sectors including liquefied natural gas, critical minerals, lumber and technology, the Canadian province's Premier David Eby... 


Oil tankers at port
Oil prices firm as investors weigh supply outlook and Venezuelan uncertainties
6th January 2026 By: Reuters

Oil prices rose on Tuesday as the market weighed expectations of ample global supply this year against uncertainty around Venezuelan crude output after the US capture of President Nicolas Maduro.... 


US President Donald Trump
Trump's Venezuela gambit tests investor appetite for geopolitical risk
5th January 2026 By: Reuters

Markets may have shrugged off the audacious US capture of Venezuelan President Nicolas Maduro, but some investors warn that geopolitical risks are perhaps being underestimated after Donald Trump... 


An oil pump
OPEC+ keeps oil output steady amid turmoil among members
4th January 2026 By: Reuters

OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group's members. Sunday's meeting of eight members... 


Shock departure leaves Woodside without its key gas champion
Shock departure leaves Woodside without its key gas champion
19th December 2025 By: Bloomberg

The surprise exit of Woodside Energy Group CEO Meg O’Neill leaves her successor with a dilemma: should the Australian company continue down the path she set of promoting massive liquefied natural... 


Meg O'Neill
How BP’s new boss became the most powerful woman in fossil fuels
18th December 2025 By: Bloomberg

Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from... 


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