FTSE 100 news / Companies and sectors / Oil and gas / 10 October 2026
Oil and gas: sector news on Saturday 10 October 2026
Average tone +0.7 (neutral) across 3 companies with relevant coverage, from 28 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Shell | +4.2 | 22 | Coverage was mostly about Shell buying a 30% stake in the Bay du Nord project, along with a raised gas outlook and higher profit, which leans positive. |
| BP | +3.7 | 5 | Coverage was mixed but leaned mildly positive, with the CEO discussing possible Indian oil and gas bids and one piece calling the shares undervalued. |
| Ithaca Energy | −5.8 | 1 | The only relevant coverage was a Narcity piece linking Newfoundland offshore oil to a company tied to Israel's occupation of Palestine, which reflects poorly on Ithaca's reputation. |
Strongest stories in the sector
- +8.3 Shell raises gas outlook and Jefferies keeps Buy on Shell stock
Shell raises gas outlook; Jefferies keeps Buy. - −8.3 Brazil prosecutors sue Shell for $108 mn over deadly 2024 floods
Brazilian prosecutors suing Shell for $108 million over floods. - +7.5 Shell plc agrees to buy 30% of Bay du Nord before 2027 investment decision
Shell agrees to buy 30% of Bay du Nord, expanding upstream. - +7.5 Shell to Acquire 30% Non-Operated Interest in Bay du Nord Project
Shell to acquire 30% non-operated Bay du Nord interest. - +7.5 Shell dives into Canada's $10 billion Bay du Nord project
Shell enters $10 billion Canadian oil project. - +7.5 THROTTLING FIRMS? Shell nets more profit on back of Middle East - Punchline-Gloucester.com
Shell reports higher profit on back of Middle East. - +7.5 Shell agrees to acquire interest in Bay du Nord project
Shell acquires interest in Bay du Nord project. - +7.5 Shell acquires 30% stake in Canada's Bay du Nord oil project; Equinor retains 70% (SHEL:NYSE)
Shell takes 30% stake in Bay du Nord project. - +7.5 Shell to Acquire 30% Stake in Equinor’s Bay du Nord Offshore Oil Project in Canada
Shell to acquire 30% of Bay du Nord. - +6.8 BP is Undervalued: Should You Bet on the Stock Right Away?
Article argues the stock is undervalued, a positive investment case. - −5.8 N.L.’s offshore oil could help bankroll a company linked to Israel’s illegal occupation of Palestine
Story links Ithaca's offshore oil involvement to criticism over Israel-linked ownership; reputational risk. - +5.3 ‘We have all of those elements’ in India, says BP CEO Meg O’Neill as firm weighs oil and gas bids under Sa
CEO says BP has the elements to pursue Indian oil and gas bids.