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Acquisitions and Divestitures News in United Kingdom

Sale’s Completion of Onshore UK Assets to IGas Energy
3/1/2013 - Providence Resources P.l.c., (Providence) the Irish oil and gas exploration and appraisal company, whose shares are listed in London (AIM) and Dublin (IEX), is pleased to announce that it has closed t...
Egdon Resources Sells 5% Interest in PEDL201
2/19/2013 - Egdon Resources plc is pleased to announce the farm-out of a further 5% interest in Petroleum Exploration and Development Licence 201 (PEDL201) located in Nottinghamshire and Leicestershire to Union J...
Solo Enters into HOA to Buy 10% in Licence PEDL137
2/5/2013 - Solo has entered into a Binding Heads of Agreement ("HOA") to buy a 10% interest in Horse Hill Development Ltd ("HHDL"), a special purpose company, which hold the rights to a 65% participating interes...
Bridge Farms Out Aragon Prospect to Agora and Nippon
1/4/2013 - Bridge, the Oslo Bors and AIM listed oil and gas exploration and production company has through its wholly owned subsidiary, Bridge Energy (CNS) Limited, completed the agreement (Transaction) with Ago...
Enegi Oil Plc Gains Further North Sea Blocks
1/2/2013 - Enegi, the independent Oil and Gas Company, is pleased to announce that, further to its press release on 26 October 2012, the Department of Energy and Climate Change (DECC) has confirmed the award of ...
Ithaca Wins Two Licenses in the UK's 27th Licensing Round
10/29/2012 - Ithaca Energy Inc is pleased to announce its success in the UK's 27th Offshore Licensing Round, with the Company being offered, as Operator, two new traditional licenses. ...
Atlantic Petroleum to Acquire Equity in UK Licenses
9/25/2012 - Atlantic Petroleum announces that the Group has reached agreements to acquire equity in two separate licences subject to regulatory consent, both of which have wells proposed to spud within the next s...
JX Nippon to Farm-in to Serica’s Block 22/19c
9/18/2012 - Serica Energy plc announces that it has reached agreement with JX Nippon Exploration and Production (U.K.) Limited (JX Nippon) for the farm-out of UK Central North Sea Block 22/19c (Licence P.1620), i...
InfraStrata Farms Out Additional Interest in P1918 to Corfe
8/14/2012 - InfraStrata plc, the independent gas storage and petroleum exploration company, is pleased to announce that it has farmed out a further 8% interest in English Channel licence P1918 to Corfe Energy Lim...
BP to Sell its Interests in Alba and Britannia Fields
6/26/2012 - BP announced that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. (Mitsui) for $280m in cash. The sale comprises BP’s non-operating 13.3%...
BP Sells UK Offshore Gas Fields to Perenco
3/27/2012 - BP announced that it has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash. As it continues the active management of its busi...
Parkmead Acquires Stakes in Four UKCS Gas Basin Blocks
2/27/2012 - The Parkmead Group plc is pleased to report that it has completed the acquisition of four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK Southern North Sea from Sorgeni...
TAQA Announces UK North Sea Farm-In Agreements
2/13/2012 - Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange, announced two farm-in agreements with a subsidiary of Fairfield Energy Limited (Fairfield...
Egdon Acquired Certain Assets from EnCore
1/6/2012 - Egdon Resources plc is pleased to announce that EnCore Oil plc (“EnCore”) will assign to Egdon its 7.5% interest in a newly offered offshore licence covering part blocks 98/13 and 98/14. This assignme...
Egdon to Sell 15% Interests in PEDL118 and PEDL203
12/23/2011 - Egdon Resources plc is pleased to report that it has reached agreement with Nautical Petroleum AG, a wholly owned subsidiary of Nautical Petroleum plc, to sell 15% interests in onshore UK Petroleum Ex...
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...

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