Acquisitions and Divestitures News in United Kingdom

Union Jack Announces Completion of Further 15% Interest in PEDL253
3/1/2021 - Union Jack Oil plc (UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that it has completed the acquisition of a further 15% economic intere...
Equinor Completes Farm Down of Dogger Bank A and B
2/26/2021 - Equinor has closed the agreement to sell a 10% interest in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) assets to Eni. ...
Hibiscus Petroleum to Acquire 85% Interest in Eagle Field
2/25/2021 - Hibiscus Petroleum Berhad is pleased to announce that its indirect wholly-owned subsidiary, Anasuria Hibiscus UK Limited (“AHUK”) has executed a Sale & Purchase Agreement (“SPA”) with EnQuest Heathe...
ExxonMobil to Sell U.K. Upstream Central & Northern North Sea Assets
2/24/2021 - ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-operated upstream assets in the United Kingdom cent...
Finder Enters UK North Sea
2/18/2021 - Finder Energy is pleased to announce that it has been awarded a 100% interest in P2530 in the 32nd UK Offshore Licensing Round.

P2530 is located in the Central North Sea and covers an area...
Relinquishment of UK Licenses PEDL330 & PEDL345
2/11/2021 - Baron Oil Plc, the AIM-quoted oil and gas exploration company, announces that in accordance with the Operator's recommendation, the PEDL330 and PEDL345 licenses, which were due to expire on 31 July 20...
Advance Energy Announces Termination of Wessex Basin Licences
2/10/2021 - Advance Energy, the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, has announced that offshore P1918 Colter & Colter South lice...
EnQuest Signs Agreement to Acquire Interest in Golden Eagle Development
2/4/2021 - EnQuest PLC (together with its subsidiaries, ‘EnQuest’), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges, is pleased to announce it h...
Weir Completes Sale of Oil & Gas to Caterpillar Inc.
2/2/2021 - The Weir Group has completed the sale of its Oil & Gas division to Caterpillar Inc.

The sale, for an enterprise value of $405m, subject to customary working capital and debt-like adjustment...
Eni Awarded a New Production Licence in the UK Sector of the North Sea
1/26/2021 - Eni announces the successful award of a new Production Licence, resulting from an application made in the 32nd UK Offshore Licensing Round.

The Licence, named P2511, covers an area of appro...
Hurricane Energy Appoints Joint Corporate Broker
1/26/2021 - Hurricane Energy plc, the UK based oil and gas company, is pleased to announce the appointment of Investec Bank plc as Joint Corporate Broker with immediate effect. ...
HitecVision/NEO Enter Negotiations to Purchase ExxonMobil’s Upstream Assets
1/21/2021 - HitecVision/NEO Energy have entered exclusive negotiations to purchase ExxonMobil’s upstream assets in the central and northern North Sea, which, if successful, are expected to result in a signed sale...
Hibiscus Petroleum Executes Agreements to 32nd UK Licensing Round
1/20/2021 - Hibiscus Petroleum Berhad is pleased to announce that following the earlier disclosure made on 3 September 2020, the UK Oil and Gas Authority (“OGA”) has on 19 January 2021 advised that 2 Licence Agre...
Union Jack Acquired Further 15% Interest in the Biscathorpe Project
1/18/2021 - Union Jack Oil plc (UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that it has agreed to acquire a further 15% economic interest in PED...
TRIG Announces Acquisition of Interest in Beatrice Offshore Wind Farm
1/15/2021 - The Board of TRIG is pleased to announce that the Company has exchanged contracts to acquire an equity interest of 17.5% in Beatrice offshore wind farm ("the Project") from Copenhagen Infrastructure P...
PetroStrat Acquires Specialist Geology Business Unit of RPS Energy
1/14/2021 - PetroStrat, an industry leading stratigraphic consultancy that provides a comprehensive suite of geological services to the upstream oil and gas industry, has announced the acquisition of the Speciali...
INEOS Completes $5B Acquisition of BP’s Aromatics & Acetyls Business
INEOS Completes $5B Acquisition of BP’s Aromatics & Acetyls Business 1/4/2021 - INEOS, one of the world’s largest manufacturing companies, has completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion. ...
i3 Energy Announces License P.1987 Determination
1/4/2021 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK and Canada announces the following update regarding UKCS Licence P.1987. ...
Sale of Weir Oil & Gas Division Expected to Complete in Q1 2021
12/22/2020 - The proposed sale of Weir's Oil & Gas division to Caterpillar Inc. is now expected to close in the first quarter of 2021. ...
SSE Agrees Sale of Gas Exploration and Production Assets
12/22/2020 - SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production (E&P) assets to Viaro Energy via its subsidiary RockRose Energy Limited for a total consideration of ...

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