Acquisitions and Divestitures News in United Kingdom

OMV Divests 30% Stake in Rosebank
8/9/2016 - OMV, the international integrated oil and gas company based in Vienna, has agreed to sell a 30 percent interest in the UK offshore oil and gas project Rosebank to Suncor Energy (“Suncor” ). Suncor, ba...
UKOG Acquires Further Interest in Horse Hill-1 Oil Discovery & Licences
7/22/2016 - UK Oil & Gas Investments PLC has acquired the entire 3.9% interest of Flowermay Limited ("Flowermay") in onshore Weald Basin licences PEDL137 and PEDL246 ("the Licences"). The Company now holds a 31.2...
EnQuest in Talks to Farm out Interest in Kraken Field Development to Delek
7/18/2016 - EnQuest PLC is pleased to announce that it is holding discussions with Delek Group Ltd for the sale by EnQuest to one of Delek’s subsidiaries of an interest in the Kraken development. EnQuest confirms...
Statoil Completes Transaction in UK Licence for Utgard Field
6/28/2016 - Statoil and JX Nippon completed their previously announced transaction whereby Statoil has acquired JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. ...
Magellan Sells Its Weald Basin Acreage and Settles Litigation
6/13/2016 - Magellan Petroleum Corporation announced the sale of the Company's 50% interests in Petroleum Exploration and Development License ("PEDL") 234 in the Weald basin in the UK to UK Oil and Gas Investment...
UK Oil & Gas Investments Acquires 100% Interest in PEDL234
6/13/2016 - UK Oil & Gas Investments PLC has signed agreements with Celtique Energie and Magellan Petroleum to acquire 100% ownership of the 300 sq km (116 sq miles) Weald Basin licence PEDL234 (the "Licence"). T...
Union Jack Oil Acquires Interest in PEDL182 from Egdon
6/13/2016 - Union Jack Oil plc (Union Jack), an onshore oil and gas exploration and production company with a focus on exploration, production, development and investment opportunities in the United Kingdom hydro...
Statoil Secures Additional Equity in UK Licence for Utgard Field
6/3/2016 - On 1 June 2016, Statoil agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. On conclusion of this transaction Statoil will increase its holding...
BP Doubles its Interest in Culzean Field Development
5/16/2016 - BP has doubled its interest in the Culzean development in the UK Central North Sea, following its acquisition of an additional 16% interest from JX Nippon. The acquisition increases BP’s interest in t...
Statoil to Increase Its Ownership in Lundin Petroleum
5/3/2016 - Statoil ASA has entered into an agreement with Lundin Petroleum AB to divest its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum. ...
CLNR Signs HoT for Proposed Acquisition of North Sea Licences
3/23/2016 - CLNR, the natural resources investing company with gas assets in the Southern North Sea, has signed Heads of Terms with Verus Petroleum (CNS) Limited and Verus Petroleum (SNS) Limited (both wholly-own...
Acquisition of Interest in North Sea Licences
2/23/2016 - Zennor Petroleum Limited is pleased to announce that on 20th February 2016 it entered into a Conditional Sale and Purchase Agreement with the joint administrators of First Oil Expro Limited, a company...
Cairn Acquires Additional Interest in the Kraken Development
2/22/2016 - Cairn is pleased to announce the acquisition by its wholly owned subsidiary, Nautical Petroleum Limited, of an additional 4.5% interest in the Kraken development in the UK North Sea from First Oil plc...
Shell to Sell Its 7.59% stake in UK's Maclure Field
2/10/2016 - Nobel Upstream, the independent UK-based exploration and production company, has announced it has signed a sale and purchase agreement to acquire a 7.59 per cent non-operated interest in the Maclure o...
Update on Proposed Acquisition of E.ONs UK North Sea Assets
2/1/2016 - On 13 January 2016, Premier had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of $120 million plus completion adjustments. The proposed acquisition, which will be f...
Premier to Acquire E.ON's UK North Sea Assets for $120m
1/13/2016 - Premier Oil has agreed to acquire the whole of E.ON’s UK North Sea assets for a net consideration of $120 million plus working capital adjustments. The proposed acquisition, which will be funded from ...
Jersey Oil & Gas Farms out UKCS Blocks to Azinor Catalyst
1/5/2016 - Jersey Oil & Gas, an independent upstream oil and gas company ?focused on the UK Continental Shelf region of the North Sea (UKNS), is pleased to announce that it has signed a sales and purchase agreem...
Prosafe and Statoil Agree to Mariner Field Re-Phasing
1/4/2016 - Prosafe and Statoil (U.K.) Ltd (Statoil) have agreed to re-phase the Mariner Project in the UK Continental Shelf of the North Sea from 2016 into 2017, and extend the firm hire duration from 8 months t...
Cronx Licence Extension & Southern North Sea Update
12/31/2015 - Independent Oil and Gas plc, the North Sea focused Oil and Gas Company, is pleased to provide the following update on its Southern North Sea portfolio. ...
Formal Confirmation for the Extension of Skipper Licence P1609
12/29/2015 - Independent Oil and Gas plc, the North Sea focused Oil and Gas Company, is pleased to announce that all resolutions were duly passed at the Company's General Meeting held earlier today in London. ...

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