Acquisitions and Divestitures News in United Kingdom

Jersey Oil and Gas Awarded Verbier Licence Extension
11/29/2022 - Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce that the North Sea Transition Authority ("N...
Hurricane Energy Provides Financial and Formal Sale Process Update
11/18/2022 - Hurricane Energy plc, the UK based oil and gas company, notes the Autumn Statement issued by the Chancellor of the Exchequer on 17 November 2022 containing changes to the Energy Profits Levy (the "EPL...
Orcadian Granted Pilot Licence Extension
11/15/2022 - Orcadian Energy (AIM: ORCA), the low-emissions North Sea oil and gas development company, is delighted to announce the North Sea Transition Authority (NSTA) has granted Orcadian a one-year extension t...
Successful Completion of the Sale of MOL’S UK E&P Assets
11/10/2022 - MOL has successfully closed the previously announced deal with Waldorf Production Limited (“Waldorf”) regarding the sale of its entire E&P portfolio in the United Kingdom. ...
Finder Energy Signs Three UK Farmout Tansactions with Dana Petroleum
11/8/2022 - Finder Energy has signed farmout agreements to assign a 40% interest in each of P2527, P2528 and P2530 to Dana Petroleum (E&P). These transactions are conditional on the usual regulatory approvals whi...
British Gas Acquires the Customers & Associated Assets of the AvantiGas ON
10/25/2022 - British Gas is pleased to have acquired the customers of the natural gas business of AvantiGas ON for an undisclosed sum. AvantiGas ON currently supplies natural gas to around 13,000 business meter po...
UGI Announces Sale of its Energy Marketing Business in UK
10/25/2022 - UGI Corporation (UGI) announced that it has entered into an agreement to divest of its energy marketing business in the United Kingdom (UK) to British Gas, for an undisclosed amount, effective on Octo...
Rio Tinto issues letter to Turquoise Hill shareholders
10/25/2022 - Rio Tinto has issued an open letter to the shareholders of Turquoise Hill Resources Ltd outlining the future of TRQ and reiterating its long-term commitment to Oyu Tolgoi.

Dear Turquoise H...
Cornerstone Resources Completes Abbey and Baker Farm out
10/20/2022 - Cornerstone, a gas development company focused on creating substantial growth from low-carbon production, is delighted to have completed the farm out of 85% of its Abbey development and also 70% of th...
Vårgrønn Takes off with 20% Interest in the World’s Largest Offshore Wind Farm
10/17/2022 - Vårgrønn, a joint venture between the Italian energy company Plenitude and the Norwegian energy entrepreneur and investor HitecVision, acquires Plenitude’s stake in Dogger Bank A, B and C, turning the...
Cornerstone Announces Abbey and Baker Farm out
10/10/2022 - Cornerstone, a gas development company focused on creating substantial growth from low-carbon production, has signed a binding farm out of its Abbey development and also the nearby Baker low risk expl...
ReneSola Power Acquires 50 MWp Fully Operational Solar Farm in the United Kingdom
9/30/2022 - ReneSola Ltd ("ReneSola Power") (SOL), a leading fully integrated solar project developer, announced that it acquired a 50 MWp operational solar farm ("Project Branston") located in Branston, Lincoln,...
Ørsted Completes Divestment of 50 % of Hornsea 2 Offshore Wind Farm
9/29/2022 - Further to our company announcement issued on 28 March 2022, Ørsted has completed the divestment of 50 % of Hornsea 2 Offshore Wind Farm to a consortium comprising AXA IM Alts, acting on behalf of cli...
Poseidon Acquisition Ups Go-Private Offer for Atlas Corp. to $15.50 a Share
9/26/2022 - Poseidon Acquisition Corp., on behalf of a consortium composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp. (NYSE: ATCO) (“Atlas” or the “Company”), certain affiliates of Fairf...
Macquarie Asset Management Sells Minority Stake in Lincs Offshore Wind Farm
9/16/2022 - Macquarie Asset Management has reached an agreement to sell Macquarie European Infrastructure Fund 5’s 15.5 per cent stake in Lincs Offshore Wind Farm (Lincs) to funds managed by Octopus Energy Genera...
Reabold Resources Completed Acquisition of North Sea Assets from Corallian
9/15/2022 - Reabold, the AIM quoted investing company with a portfolio of upstream oil and gas projects, is pleased to announce that, further to its announcements of 4 May 2022 and 14 September 2022, it has compl...
Parkmead Provides an Update to Developments on the Skerryvore Project
9/15/2022 - Parkmead, the independent energy group, is pleased to provide an update to developments on the Skerryvore project in the UK Central North Sea. ...
Reabold Provides Update on Conditional, Non-Binding Offer for Corallian
9/1/2022 - Reabold announces that, further to its announcement of 4 May 2022 , Corallian Energy Limited ("Corallian") continues negotiations with the potential purchaser for the acquisition of its entire issued ...
Equinor and SSE Thermal Acquire Triton Power
9/1/2022 - The joint acquisition of Triton Power by SSE Thermal and Equinor from Energy Capital Partners officially completed today.

The £341m transaction was agreed in June and has since gone through...
New UK Oil & Gas Licenses Critical in Europe’s Search for Reliable and Responsible Energy Producers
8/30/2022 - The UK will be almost wholly reliant on imported oil and gas within the next 15 years unless new licenses and investments are granted soon, the leading representative body for the UK’s offshore energy...

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