FTSE 100 news / Companies and sectors / Oil and gas / 6 October 2026
Oil and gas: sector news on Tuesday 6 October 2026
Average tone +7.1 (strongly positive) across 3 companies with relevant coverage, from 44 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Ithaca Energy | +8.7 | 34 | Coverage was dominated by Ithaca's acquisition of Suncor's Canadian offshore oil stakes, its first overseas deal, and shares rose around 3% on the news. |
| BP | +6.3 | 6 | Coverage centred on the new chief executive's focus on capital discipline and growth, strong interest in the North Sea asset sale, and a Mizuho target price increase. |
| Shell | +6.3 | 4 | Coverage centred on Shell's LNG Canada expansion decision, which was reported with backing, alongside a small after-hours share price gain. |
Strongest stories in the sector
- +10.0 'Transformational' Ithaca Energy deal to provide North American foothold
Described as transformational, gives North American foothold - +10.0 Ithaca to expand into Canada with $860m Suncor asset acquisition
Expansion into Canada via acquisition - +10.0 Why is Ithaca Energy stock rallying today?
Shares rallying on the acquisition - +10.0 London close: FTSE gains; Ithaca jumps on acquisition
Shares jump on acquisition, lifting FTSE - +9.7 Mizuho Securities Maintains BP PLC(BP.US) With Buy Rating, Raises Target Price to $56
Mizuho keeps Buy rating and raises price target - +9.7 British Equities Start Week in Green; Ithaca Energy Shines
Ithaca shines in market gains - +9.7 FTSE 100 movers: Ithaca rallies on acquisition; IG Group falls again
Ithaca rallies on acquisition - +9.7 Ithaca Energy Jumps 3% After Striking $860 Million Deal for Suncor's Canadian Offshore Fields
Shares jump 3% after deal - +9.7 Ithaca Energy shares rise 3% on $860 mln Suncor Canada asset deal
Shares up 3% on asset deal - +9.7 Ithaca expands abroad for first time with $860m Canada deal
First overseas expansion via Canada deal - +9.2 Ithaca Energy Buys Suncor’s Offshore Canada Assets as Shares Rise 2.7%
Acquisition with shares up 2.7% - +9.2 Ithaca signs $860m Canada oil deal
Major acquisition expanding Ithaca's asset base