Acquisitions and Divestitures News in United Kingdom

Reabold Resources Provides Details on the UKCS Licences Acquired from Corallian Energy
5/24/2022 - Reabold, the AIM quoted investing company, which focuses on investments in upstream oil and gas projects, is pleased to provide additional details on the new licences which it is to acquire (the "Acqu...
Angus Energy Acquires Remaining 49 per cent Interest in Saltfleetby
5/24/2022 - Angus Energy has executed a share purchase agreement ('SPA') to acquire the entire issued share capital of the Company's current joint venture partner in the Saltfleetby Project, Saltfleetby Energy, w...
Greencoat UK to Buy £400m Stake in Hornsea 1 Offshore Wind Farm
5/17/2022 - Greencoat UK Wind has agreed with Global Infrastructure Partners (GIP) to acquire a 12.5% stake in Hornsea 1 offshore wind farm for a total consideration of around £400m.

The offshore wind ...
JERA Americas to Acquire Thermal Power Portfolio in New England
5/12/2022 - JERA Americas, the Houston-based subsidiary of global energy leader JERA, has entered into an agreement to acquire a 1,633 megawatt (MW) thermal power portfolio in New England from Stonepeak.

...
UKOG Announces Environment Agency Grants Full Horse Hill Production Permit
5/5/2022 - UK Oil & Gas PLC is pleased to announce that the Environment Agency ("EA") has granted UKOG's 85.635% owned Horse Hill oil field a full Production Permit ("PP"). The PP enables production and water r...
Conditional, Non-Binding Offer for Corallian & Conditional Acquisition by Reabold
5/4/2022 - Highlights:
· Corallian Energy Limited ("Corallian") has received a non-binding, conditional offer from a credible party for the acquisition of its entire issued share capital (the "Potential ...
Finder Energy Builds North Sea Position Around the Giant Buzzard Field
4/26/2022 - Finder Energy has expanded its UK North Sea portfolio after entering into an agreement with Talon Energy to acquire a 100% interest in Seaward Production Licence P2527. The agreement is conditional up...
Withdrawal of Shell from P1929 and P2304
4/26/2022 - Egdon Resources plc (AIM:EDR) advises that Shell U.K. Limited has informed Egdon and the North Sea Transition Authority (“NSTA”) of its intention to withdraw from licences P1929 and P2304 containing t...
Europa Oil & Gas Announces Signature of Serenity Farm-in Agreement
4/21/2022 - Europa Oil & Gas (Holdings) plc announces the signature of the Serenity farm-in agreement with i3Energy North Sea Limited (“i3E”) in respect of UK Seaward Production Licence P.2358, Block 13/23c (“Ser...
Transformational Acquisition of Siccar Point Reinforces Ithaca
4/7/2022 - Ithaca Energy is pleased to announce that it has reached an agreement to acquire Siccar Point Energy.

Reinforces Ithaca as a Leading UK North Sea E&P Operator
The acquisition will acce...
Ithaca Energy Releases Financial Results for 12 Months Ended 31 December 2021
3/31/2022 - Ithaca Energy Limited (ISINs) announced its financial results for the twelve months ended 31 December 2021. The audited consolidated 2021 financial statements of the Company and related Management Dis...
Ørsted Partners with AXA IM Alts and Crédit Agricole Assurances on Hornsea 2 Offshore Wind Farm
3/28/2022 - Ørsted has signed an agreement to divest a 50 % ownership stake in its 1.3 GW Hornsea 2 Offshore Wind Farm in the UK to a consortium comprising AXA IM Alts, acting on behalf of clients, and Crédit Agr...
TRIG Acquires Stake in World’s Largest Operational Offshore Wind Farm
3/25/2022 - TRIG has acquired a 7.8% interest in the Hornsea One offshore wind farm, located 120km off England’s Yorkshire coast. With a generation capacity of 1.2GW and covering an area of 407km2, the project is...
Acquisition of UK Subsidiaries of MOL Bolster Waldorf’s UKCS Reserves
3/23/2022 - Waldorf Production Limited (“Waldorf” or the “Company”) is pleased to announce that it has entered into a binding Sale and Purchase Agreement with a wholly owned subsidiary of MOL Hungarian Oil and Ga...
United Oil and Gas Provides Corporate Update
3/3/2022 - United Oil & Gas PLC the growing oil and gas company, issues the following corporate update.

Divestments

UK CNS
On 7 September 2021 United announced that it had entered int...
i3 Energy Announces Serenity Farm-out
3/2/2022 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK and Canada, is pleased to provide the following update.

Serenity Farm-out
i3 notes the announc...
SSE Completes Sell down of Dogger Bank C
2/10/2022 - SSE Renewables has completed the agreement to sell a 10% interest in Dogger Bank C offshore wind farm (1.2 GW gross) to Eni.

As part of this transaction Eni has also completed the agreement...
TotalEnergies Sells Minority Interests in West of Shetland Fields
1/31/2022 - TotalEnergies has signed an agreement to sell to Kistos Energy Limited a 20% interest in the Greater Laggan Area fields and in the Shetland Gas Plant in the UK, as well as interests in several nearby ...
Kistos Announces Greater Laggan Area Acquisition
1/31/2022 - Kistos, the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition, is pleased to announce that it has entered into a conditional asset purchase ag...
Angus Provides Strategic Review, Formal Sale Process (“FSP”) Update
1/17/2022 - The Company is pleased to announce that it has had at least six bona fide approaches to participate in the FSP and/or other indications of interest in a potential offer for either all of the shares of...

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