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

By Reuters News

** 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%

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk