UK-listed North Sea-focused oil producers rise after Jackdaw gas field approval

Equinor ASA

21/10/2026 09:51

** Shares of London-listed North Sea-focused oil and gas producers rise after British government approves the Jackdaw North Sea gas field
** Market is interpreting the news as de-risking other opportunities, says Peel Hunt analyst Werner Riding
** EnQuest ENQ.L up 3.02% at 32.45 pence, Serica Energy SQZ.L up 2.7% at 274.4 pence, Harbour Enery up 1.4% at 299.8 pence
** Shares of Ithaca Energy ITH.L up 3.6% at 303.8 pence, top gainer on FTSE 100 .FTSE, further lifted on expectations of an approval for Rosebank development in the North Sea
** BP BP.L, which is looking to sell the assets it owns in North Sea, up 1.7%
** Jackdaw is run by Adura, a joint venture between Norway's Equinor EQNR.OL and Shell SHEL.L, with the latter's shares being flat
** YTD, ENQ up 197.2%, SQZ up 52.9%, ITH up 76.8%, HBR up 50.3%, BP up 40%, SHEL up 42.3%
     

 (Reporting by Simone Lobo in Bengaluru)
 ((Simone.Lobo@thomsonreuters.com, +919920570373))