FTSE 100 news / Companies and sectors / Oil and gas / 1 October 2026
Oil and gas: sector news on Thursday 1 October 2026
Average tone −0.4 (neutral) across 3 companies with relevant coverage, from 17 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Shell | +4.5 | 12 | Coverage was dominated by Shell approving the C$33 billion LNG Canada Phase 2 expansion, which leans positive. |
| BP | +0.7 | 4 | Coverage was mixed, with a new head of M&A and the CEO's call for 'fewer and better' choices reading modestly positive. |
| Ithaca Energy | −6.3 | 1 | Coverage centred on Ithaca's shares falling more sharply than FTSE 100 oil majors as crude retreated on US-Iran hopes. |
Strongest stories in the sector
- +10.0 Shell Greenlights LNG Canada Phase 2, Doubling Export Capacity
Approval of LNG Canada Phase 2 doubles export capacity. - +10.0 Shell approves C$33 billion LNG Canada expansion
C$33 billion LNG Canada expansion approved, a major growth investment. - −6.7 What Is Shell (LSE:SHEL) Facing With A $5.2 Billion Fine And LNG Bet?
Large $5.2 billion fine is a legal and financial negative. - −6.3 Why Did Ithaca (LSE:ITH) Fall Harder Than FTSE 100 Oil Majors As Crude Retreated On US-Iran Hopes?
Shares fell harder than oil majors as crude retreated. - −5.0 Suing Shell: What It Takes to Hold a Polluter to Account
Focus on litigation and holding Shell to account. - +5.0 Why Is Shell (LSE:SHEL) Stock Climbing Today As Oil Reacts To Fresh Iran Tensions Amid Wider FTSE 100 Trends?
Shares climbing as oil reacts to Iran tensions. - +5.0 Shell's LNG Portfolio Is Bigger Than Most Investors Realize. Here's the Volume Number.
Highlights large LNG portfolio as a strength. - −4.2 The LNG Boom Is Losing Its Biggest Asian Bet
Concerns about LNG demand from a major Asian buyer. - +4.2 Shell stock trades at EUR 41.76 as LNG Canada expands
LNG Canada expansion noted alongside steady share price. - −3.7 BP (BP) Declines More Than Market: Some Information for Investors
Shares underperformed the market in latest session. - −3.3 Shell (SHEL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Shares fell more than the broader market. - +2.5 Meet Ben Monaghan: BP’s New Head of M&A
New head of M&A appointment, mildly positive leadership news.