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Acquisitions and Divestitures News in United Kingdom

Parkmead Acquires Stakes in Four UKCS Gas Basin Blocks
12/19/2011 - The Parkmead Group plc is pleased to announce that it has signed an agreement with Sorgenia E&P (UK) Ltd. to acquire four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK...
Total to Acquire GDF SUEZ Interest in Elgin Franklin
12/6/2011 - Total, operator of the Elgin/Franklin fields in the British sector of the North Sea, announces the purchase of GDF SUEZ’s share in the two fields for an enterprise value of €590 million. This particip...
Premier Oil Acquires Wytch Farm Assets
6/20/2011 - Premier announces that it has agreed to acquire an interest of 17.715 per cent in Wytch Farm (the “Wytch Farm Assets”) for an initial cash consideration of $96 million. This follows a pre-emption noti...
Alkane Acquired Interests in 2 Gas Licences
6/10/2011 - Alkane announced that it had agreed to acquire interests in two onshore gas exploration licences (“Licences”) via the conditional acquisition of the entire issued share capital of Seven Star Natural G...
Canadian Overseas Petroleum Increases Interest in UKCS Block 23/21
6/7/2011 - Canadian Overseas Petroleum Limited (COPL), through its wholly owned subsidiary, Canadian Overseas Petroleum (UK) Limited, has signed a farm-in agreement with SSE E&P UK Limited (SSE) whereby COPL wil...
Premier Signs Solan Field SPA with Chrysaor
5/31/2011 - Premier is pleased to announce that it has signed the sale and purchase agreement (SPA) with Chrysaor to acquire equity in Licence P164 in order to participate in the development of the Solan field in...
Leed Petroleum Sells Oil and Gas Assets for US$16m
5/23/2011 - Leed Petroleum PLC, the oil and gas exploration and production company, announces that, further to the announcement on 6 May 2011, Leed Petroleum LLC (Leed LLC) sold all of its oil and gas assets to a...
Nautical Petroleum Completes Kraken Acquisition
5/20/2011 - Nautical Petroleum plc is pleased to announce the completion of the acquisition of an additional 15% interest in UKCS Licence P1077 Blocks 9/2b and 9/2c, which includes the Kraken discovery, from Cana...
Completion of Blane Oil Field Acquisition
5/17/2011 - Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, is pleased to ann...
BP Agrees Sale of Wytch Farm to Perenco UK Limited
5/17/2011 - BP announced that it has agreed to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge fields to Perenco UK Ltd for up to $610m in cash. The price includes $55m contingent on Perenco'...
EnQuest to Acquire Stake in Crawford and Porter Dev
5/10/2011 - EnQuest PLC is pleased to announce a farm in agreement with Fairfield Acer Limited (Fairfield) for UKCS Block 9/28a - Area B, which contains the Crawford oil field and the 9/28a -18 Porter oil discove...
Nautical Acquires a 15% Interest in Kraken Discovery
5/6/2011 - Nautical Petroleum plc is pleased to announce that it has signed an agreement to acquire a further 15% interest in the UKCS Licence P1077 Block 9/2b, which includes the Kraken discovery, from Canamens...
Atlas Copco Acquires Company in Medical Gases Sector
4/8/2011 - Atlas Copco Ltd has signed an agreement to acquire the Medical Gas Solutions business from Penlon Ltd, headquartered in the United Kingdom. Penlon Medical Gas Solutions is a leading provider of medica...
Valiant Petroleum acquires stake in Orchid Prospect
4/4/2011 - Valiant Petroleum plc ("Valiant") is pleased to announce that its wholly owned subsidiary, Valiant Exploration Limited, has reached an agreement to acquire a 30% stake in Block 29/1c containing the Or...
Egdon Acquires UK Licence Interests from Valhalla
3/14/2011 - Egdon Resources plc is pleased to report that further to the announcement of 28 January 2011 it has completed the acquisition from Valhalla Oil and Gas UK Limited (Valhalla) of their entire 50% intere...
Chevron to Sell Pembroke Refinery to Valero Energy
3/11/2011 - Chevron has reached an agreement with Valero Energy Corporation to sell Chevron Limited, the entity that holds the 220,000 barrel per day Pembroke Refinery and other downstream assets in the United Ki...
Valiant Farms-Out Cladhan Stake in North Sea
3/8/2011 - Valiant Petroleum plc (Valiant) is pleased to announce that its wholly owned subsidiary, Valiant Exploration Limited, has reached a series of agreements to farm-down and swap part of its 100% holding ...
Endeavour International Closes Bacchus Transaction
2/24/2011 - Endeavour International Corporation announces that its wholly owned subsidiary, Endeavour Energy U.K. Ltd., has received all the approvals necessary to finalize the acquisition of an additional 20% wo...
BP to Sell Package of UK Upstream Assets
2/22/2011 - BP announced the intention of selling its interests in a number of operated oil and gas fields in the UK. The assets involved are the Wytch Farm onshore oilfield in Dorset and all of BP's operated gas...
Egdon Acquires UK Licence Interests from Valhalla
1/28/2011 - Egdon Resources plc is pleased to announce that it has reached agreement to acquire the entire interest of Valhalla Oil and Gas Limited (Valhalla) in two onshore UK Petroleum Exploration and Developme...

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