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UK approves Shell's Jackdaw gasfield, boosting shares of Ithaca Energy and Jersey Oil & Gas.

Market News
21 Oct 2026
Proactive Investors
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Bullish
UK approves Shell's Jackdaw gasfield, boosting shares of Ithaca Energy and Jersey Oil & Gas.

The UK government has granted environmental approval for Shell's Jackdaw gasfield in the North Sea, allowing it to start supplying gas to UK homes and businesses by the end of October. This decision caused shares of North Sea-focused companies Ithaca Energy and Jersey Oil and Gas to rise significantly. The approval supports UK energy security by increasing domestic gas supply during winter and reducing reliance on imports. While the government remains committed to ending new North Sea oil and gas licenses and achieving net zero emissions by 2050, this move signals regulatory support for existing licensed projects. Attention now shifts to the pending environmental decision on Equinor’s Rosebank oilfield.

The UK government's approval of the Jackdaw gasfield project is notable news for energy markets. For readers following the energy sector, here is Pluang's market snapshot as of Oct 21, 2026 12:41 WIB: Among 79 priced US energy stocks, 44 rose and 33 fell. Notable prices and changes include Noble Corporation plc (NE) at USD 43.18 with a 1-day change of -1.95% and 100% sell order activity, TC Energy Corporation (TRP) at USD 61.76 up 1.76%, and Schlumberger NV (SLB) at USD 49.95 up 1.75% with 95% sell order activity and a typical hold time of 100 days.

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