FTSE 100 news / Companies and sectors / Oil and gas / 5 October 2026
Oil and gas: sector news on Monday 5 October 2026
Average tone +5.7 (positive) across 3 companies with relevant coverage, from 25 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Ithaca Energy | +6.3 | 13 | Coverage was almost entirely about Ithaca agreeing to buy Suncor's offshore Canadian oil assets, expanding it into Eastern Canada. |
| Shell | +4.5 | 8 | Coverage centred on the Kitimat Phase 2 approval, the LNG Canada decision and a contract award for a Malaysian offshore gas project. |
| BP | +6.3 | 4 | Coverage leans positive, led by a Wells Fargo upgrade with a USD 57 target and reported director share purchases. |
Strongest stories in the sector
- +10.0 BP stock draws a Wells Fargo upgrade and USD 57 target
Wells Fargo upgrade with USD 57 price target is clearly positive. - +8.3 Ithaca Energy Expands Into Eastern Canada With C$1.2 Billion Suncor Asset Deal
Deal expands Ithaca into Eastern Canada, geographic growth. - +8.0 Ithaca Energy Announces Strategic Acquisition Of Offshore Canada Assets From Suncor
Ithaca announces strategic acquisition of offshore assets. - +7.5 REG - Ithaca Energy PLC Delek Group - DLEKG - STRATEGIC ACQUISITION OF OFFSHORE CANADA ASSETS
Company's own announcement of strategic acquisition. - +7.5 Ithaca Energy to Buy Offshore Canada Oil Assets From Suncor Energy for Up to $1.1 Billion
Ithaca agrees sizeable offshore Canada acquisition, expanding its asset base. - +7.2 Ithaca Energy Agrees US$860m Acquisition Of Canadian Oil Assets
Ithaca agrees acquisition of Canadian oil assets. - +7.0 Ithaca Energy to Buy Suncor’s Canadian Offshore Assets in $860 Million Deal
Acquisition of Suncor's Canadian offshore assets announced. - +6.8 Weekly Recap: Kitimat Phase 2 C$33B approval and SHEL $115 target
Kitimat Phase 2 approval and a $115 price target are positive. - +6.3 Shell awards key contract for Malaysia offshore gas project
Shell awarded a key contract for a Malaysian offshore gas project. - +5.7 BP reports director share purchases as BP stock costs EUR 6.60
Directors buying shares signals insider confidence in BP. - +5.5 Shell Canada Energy announces LNG Canada decision and what it means for Shell stock
LNG Canada decision announced, framed as relevant to the share price. - +5.0 Suncor to sell offshore Canada oil stakes to Ithaca for $842 million
Ithaca named as buyer of offshore Canada stakes.