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Energy 25 February 2026 - 11 March 2026

Denison Mines Corp starts Wheeler North drilling as Phoenix uranium mine build nears

Denison Mines Corp starts Wheeler North drilling as Phoenix uranium mine build nears

Denison Mines Corp kicked off a winter drilling push at the Wheeler North joint venture up in the Athabasca Basin, northern Saskatchewan, with partner Skyharbour Resources announcing Monday that crews are starting with roughly 2,500 metres of diamond drilling at the Fox Lake Trail target. This marks the beginning of a 7,500-metre drill program for the year, covering Fox Lake Trail, Fork, and Sphinx. Denison holds 49% of the property but has the ability to bump that up to 70%. According to Skyharbour, Denison is in charge and picking up the tab for the program, which sits beside its Wheeler River project and is sandwiched between Cameco’s Key Lake and McArthur River sites. Denison is ramping up its exploration ambitions just as construction kicks off at Phoenix, the company’s flagship uranium project located at Wheeler River. The Toronto-based miner announced on Feb. 24 that its board had reached a final investment decision—officially greenlighting the build. Site prep and construction are slated to get underway in March, marking what Chief Executive David Cates described as “the beginning of a new era” for Denison.
11 March 2026
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GE Vernova to Invest $200 Million in Vietnam as LNG, Grid Buildout Accelerates

GE Vernova to Invest $200 Million in Vietnam as LNG, Grid Buildout Accelerates

GE Vernova Inc. said Tuesday it’s committing around $200 million to build a new large power transformer facility in Vietnam, while its gas-turbine tech will be used in three upcoming LNG projects in the country. The plant, set for Hai Phong, is expected to focus on equipment for high-voltage direct current systems—those are key for transmitting big loads of electricity across long distances. This shift comes as Vietnam races to scale up its power infrastructure. The country has set an ambitious target: 22.5 gigawatts of LNG-fired capacity by 2030, but as of January, just 1.62 GW had actually come online, according to Reuters. The gap highlights the urgency for Hanoi to build out generation and transmission fast enough to match the country’s rapid economic growth.
10 March 2026
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Chevron Corporation Linked to Brazil’s Ipiranga Stake Talks as Ultrapar Weighs Sale (Reuters)

Chevron Corporation Linked to Brazil’s Ipiranga Stake Talks as Ultrapar Weighs Sale (Reuters)

Chevron Corp is in the mix as a potential minority investor in Ipiranga, Brazil’s fuel distributor, after Ultrapar brought in BTG Pactual to oversee a stake sale, according to sources close to the matter. A Brazil Journal report put Chevron in advanced discussions for a 30% stake. But sources speaking to Reuters couldn’t verify if the U.S. oil giant is actually among the bidders. The deal stands to pull Chevron further into Brazil's fuel retail scene, broadening its footprint in the region’s largest economy. Chevron and Ipiranga are already tied through a lubricants partnership. And after snagging the license last year, Ipiranga now sells fuels under the Texaco name in Brazil.
10 March 2026
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Exxon Mobil Corporation Wants a Texas Legal Home as Shareholder Battles Mount

Exxon Mobil Corporation Wants a Texas Legal Home as Shareholder Battles Mount

Exxon Mobil Corporation is seeking shareholder approval to shift its legal domicile from New Jersey to Texas, according to a preliminary proxy filed Tuesday. The proposed move wouldn’t relocate any jobs or assets, but it would put Exxon under Texas corporate law. The oil giant has kept its headquarters in Texas since 1989. Timing is key here. Texas has tweaked sections of its corporate law, launched a business court to handle thorny disputes, and now allows companies to define ownership cutoffs for certain shareholder lawsuits. Exxon, for its part, has pushed back against climate and governance campaigners just as its May 27 annual meeting approaches.
10 March 2026
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SSE Plc Grid Push Moves Closer After Ofgem Signals Support for Early Funding on 8 Scottish Projects

SSE Plc Grid Push Moves Closer After Ofgem Signals Support for Early Funding on 8 Scottish Projects

Britain’s energy watchdog Ofgem on March 5 said it’s considering giving SSE the green light to go ahead with its entire early-construction funding request for eight Scottish transmission projects—meaning SSE could move forward on land purchases, prep work, and placing equipment orders well before final project reviews are finished. In the consultation, Ofgem indicates it’s inclined to let Scottish Hydro Electric Transmission, SSE’s transmission arm, exceed the typical 20% early-spend cap for five of the projects. That would require changing its licence. SSE has tilted the bulk of its five-year investment plan—roughly 80%—toward regulated networks, and that shift is drawing attention now. According to Ofgem, hitting those project milestones by 2030 could slash constraint payments, which are the charges that pop up when the grid can’t deliver electricity where it’s needed, and keep high-priority upgrades on track.
6 March 2026
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Shell Plc Signs Venezuela Oil and Gas Deals, Putting Dragon Gas Project Back in Play

Shell Plc Signs Venezuela Oil and Gas Deals, Putting Dragon Gas Project Back in Play

CARACAS, March 6, 2026, 04:13 Shell Plc on Thursday inked several oil and gas deals with Venezuela, aiming to jumpstart development at the offshore Dragon field after years of delays, the company announced. Trinidad’s Energy Minister Roodal Moonilal added that under the new agreement, first gas exports to Trinidad are now expected in the third quarter of 2027.
6 March 2026
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Qatar outage puts Venture Global LNG cargoes in focus — but spare capacity is thin

Qatar outage puts Venture Global LNG cargoes in focus — but spare capacity is thin

Venture Global Inc is drawing attention from analysts for its unusual flexibility among U.S. LNG exporters, now that the Qatar shutdown is tightening the market. The company’s edge comes from spot deal arrangements tied to the opening of its Plaquemines facility in Louisiana. The change is significant. LNG buyers have started looking for cargoes free from long-term contract requirements. Qatar has stopped production, pointing to the Middle East conflict and tanker bottlenecks in the Strait of Hormuz as reasons, and has declared force majeure—the clause that lets suppliers skip deliveries when events are out of their hands.
5 March 2026
National Grid plc signs £3bn Eastern Green Link 3 contracts with Hitachi Energy and NKT

National Grid plc signs £3bn Eastern Green Link 3 contracts with Hitachi Energy and NKT

National Grid plc on Wednesday announced it has secured contracts approaching £3 billion for its Eastern Green Link 3 initiative, tapping Hitachi Energy to deliver the converter stations and NKT to handle both subsea and underground cabling. The company called EGL3 the largest electricity transmission project of its type in the UK. The deal comes as Britain looks to curb “constraint costs”—the payouts wind farms get when they’re told to dial back due to grid bottlenecks. According to project supporters, EGL3 aims to cut those snags, moving more clean power from the north and east coast down to where it’s needed further south.
5 March 2026
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Santos Beetaloo fracking plan faces hot springs warning as NT weighs approval

Santos Beetaloo fracking plan faces hot springs warning as NT weighs approval

Water scientists and Indigenous custodians are calling on Northern Territory officials to block Santos Limited’s proposed drilling and fracking of a dozen test shale gas wells at Tanumbirini Station, citing risks to a hot springs system that hasn’t been thoroughly studied. Pushback comes as the territory reviews Santos’ environmental management plan—a crucial signoff needed before any onshore gas activity gets going. Santos has billed its Beetaloo project as a move toward sparking a shale gas surge and driving down energy costs and supply risks.
5 March 2026
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Woodside Energy directors buy more shares at $28 as CEO decision nears

Woodside Energy directors buy more shares at $28 as CEO decision nears

Woodside Energy Group Ltd reported that its Non-Executive Directors’ Share Plan trustee snapped up 4,772 shares on market on Feb. 26, paying $28.1341 each. The purchase bumped up indirect holdings for seven non-executive directors, according to Appendix 3Y filings. Benjamin Sana Wyatt picked up 1,116 shares, Arnaud Breuillac took 900, Ashok Belani and Angela Minas each received 846, Lawrence Eben Archibald got 560, Swee Chen Goh 334, and Ian Elgin Macfarlane 170. The notices noted the interests weren’t traded in a closed period. ASX director shareholding updates don’t usually surprise, but they can get noticed if a company’s in the thick of major decisions. Right now, Woodside’s board faces a leadership handover while managing a slate of expensive gas projects.
5 March 2026
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Exxon Mobil’s first Gulf Coast-to-Australia fuel shipment signals how Hormuz disruption is spreading

Exxon Mobil’s first Gulf Coast-to-Australia fuel shipment signals how Hormuz disruption is spreading

Exxon Mobil Corporation is set to ship around 600,000 barrels of fuel from the U.S. Gulf Coast to Australia in mid-March, according to four people familiar with the situation—marking the company’s first such move. These shipments are intended to supply Exxon’s own Australian import needs as Asian refiners grapple with crude shortages linked to ongoing Strait of Hormuz disruptions. Exxon runs three fuel terminals across Australia and distributes to retailers via its Mobil Oil arm. According to analysts, U.S. and Israeli strikes on Iran prompted some regional oil and gas fields to shut down, and shipping in the Strait of Hormuz has ground to a stop. The channel, which runs between Iran and Oman, serves as the main artery for tankers moving crude, fuel, and LNG out of the Middle East.
5 March 2026
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Petrobras won’t rush Brazil fuel price changes after Iran conflict spikes oil, CEO says

Petrobras won’t rush Brazil fuel price changes after Iran conflict spikes oil, CEO says

Petrobras isn't ready to move on gasoline or diesel prices in Brazil just yet. Chief Executive Magda Chambriard said the company wants to see more decisive trends in the oil market before making any adjustments, after Iran’s conflict pushed crude higher. “Petrobras historically does not pass through sudden oil prices volatility,” Chambriard told Reuters. Timing is key in Brazil, where fuel costs feed directly into inflation and rate forecasts. Treasury Secretary Rogerio Ceron warned this week: a prolonged oil shock might force the country to wrap up its expected rate-cut cycle sooner, despite policymakers indicating plans to kick off easing at the March 17-18 meeting.
4 March 2026
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Venture Global shares jump after New York judge blocks Shell bid in LNG fight

Venture Global shares jump after New York judge blocks Shell bid in LNG fight

Venture Global, Inc. surged over 8% on Tuesday, rallying after a New York court tossed out Shell’s attempt to overturn an arbitration win for the U.S. LNG company. UBS analyst Manav Gupta weighed in: “We believe the stock price remains depressed due to arbitration overhang. This news will likely be seen as a positive.” Venture Global touched its highest level since Oct. 10, bringing gains this year to more than 87%. BP, Edison, Repsol, and Galp are also in arbitration, with a damages decision still pending in BP’s case. This ruling hits right at a recurring issue for Venture Global: can the company really convert those start-up cargoes into deliveries under contract, or will it face years tangled in disputes? Arbitration happens behind closed doors. The spot market, on the other hand, covers short-term LNG sold at going rates.
4 March 2026
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Chevron stock price faces Monday test after Leviathan shutdown, Hormuz shipping risks

Chevron stock price faces Monday test after Leviathan shutdown, Hormuz shipping risks

New York, Feb 28, 2026, 14:04 EST — The market has closed. Shares of Chevron Corp face new uncertainty this week, after three sources told Reuters that Israel temporarily shut down sections of its natural gas reservoirs—including the Leviathan field offshore, run by Chevron. Citing security assessments, Israel’s Energy Ministry said energy needs would be filled by other sources. Chevron pointed Reuters to the ministry for comment. CVX finished Friday up 1.41% at $186.76.
28 February 2026
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Stock Market Today

  • Intuitive Surgical Jumps $6.9 Billion Ahead of Q2, Still 30% Off January High
    July 2, 2026, 3:03 PM EDT. Intuitive Surgical (NASDAQ:ISRG) rallied 4.7% to $421.42, picking up about $6.9 billion in market cap on July 2 and narrowing some of the losses from its Jan. 7 top. But shares are still about 30% below the January $603.88 high, keeping the valuation gap at $65.6 billion. ISRG trades at 51 times trailing earnings and a forward P/E of 37.3. Consensus price target is $565, suggesting 34% upside. Q2 results land July 16, with focus on procedure volumes and da Vinci 5 installs. Sector names Boston Scientific, Stryker, and Medtronic all posted gains even as tech-heavy Nasdaq QQQ lost 2.3%.
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