FTSE 100 news / Companies and sectors / Oil and gas / 3 October 2026
Oil and gas: sector news on Saturday 3 October 2026
Average tone +7.9 (strongly positive) across 2 companies with relevant coverage, from 13 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Shell | +7.2 | 7 | Coverage was led by Shell approving a doubling of LNG Canada capacity, alongside a new carbon storage deal for the Northern Lights venture and small share price gains. |
| BP | +8.7 | 6 | Coverage was mainly about analyst upgrades from Wells Fargo and HSBC, with Wells Fargo pointing to debt progress. |
| Ithaca Energy | – | 0 |
Strongest stories in the sector
- +10.0 Wells Fargo upgrades BP stock to Overweight on debt progress
Wells Fargo upgrade to Overweight, citing debt progress. - +10.0 Shell approves LNG Canada expansion and Shell plc stock trades at EUR 42.54
Shell approves LNG Canada expansion, growth investment - +10.0 Shell doubles LNG Canada capacity and Shell stock trades at EUR 42.54
Shell doubling LNG Canada capacity, growth signal - +9.7 Key facts: HSBC Upgrades BP. to Buy; Whiting Talks Stalled; Namibia 60%
HSBC upgrades BP to Buy; Namibia progress. - +9.2 Namibia rubber stamps BP's entry into frontier play
Namibia approves BP's entry into frontier exploration. - +7.5 Shell, Equinor & TotalEnergies' Northern Lights Secure New CCS Deal
Northern Lights JV secures new carbon storage deal - +6.7 Eco Atlantic Receives Final Approval for BP Farm-Down of Namibia Offshore Licences
Final approval for BP farm-down of Namibian licences. - +5.0 BP (NYSE:BP) Builds a High-Quality Breakout Setup as Technical Strength Meets Tight Consolidation
Technical analysis sees positive breakout setup; low weight. - +5.0 OPL 245 Twist: Italy’s Supreme Court Says Shell-Eni Prosecutors Did Not Breach Their Legal Duties
Italian court ruling favours prosecutors' conduct, but Shell was acquitted earlier; mildly positive - −3.3 THE SHELL LEAKS FILES: 2 OCTOBER 2026
Critical Shell-focused leaks site coverage, reputational slant - +2.0 BP stock after-hours at EUR 6.61: plus 0.30 percent after the Xetra close
Small share price gain after Xetra close. - +2.0 Shell stock after-hours at EUR 42.68: plus 0.49 percent versus prior close
Small after-hours share price gain