Acquisitions and Divestitures News in United Kingdom

Union Jack Announces Purchase of Interest in Claymore, Piper & Scapa Fields
3/15/2021 - Union Jack Oil plc (UJO), a UK focused, onshore hydrocarbon production, development and exploration company is pleased to announce the purchase from Cambridge Petroleum Royalties Limited (CPRL) of a ...
Acquisition of 20% E.ON Stake Makes RWE Majority Shareholder
3/12/2021 - RWE has taken over a further 20% stake from E.ON in the British offshore wind farm Rampion. Consequently, RWE now holds a majority stake (50.1%) in the 400 megawatts wind farm, which is already being ...
CWind Sells CTV to Wood Marine
3/10/2021 - CWind, a leading provider of project services and Crew Transfer Vessels (CTVs) to the offshore wind industry, and part of the Global Marine Group (GMG), has completed the sale of their CTV, Endeavour,...
Cairn Energy Announces Sale of its Interests in Catcher and Kraken Fields
3/9/2021 - Cairn has entered into an agreement that will result in the sale of its interests in the UK Catcher and Kraken fields to Waldorf Production for a cash consideration of US$460 million plus additional c...
OGA Receives an Application for Carbon Dioxide Appraisal
3/5/2021 - The Oil and Gas Authority (‘OGA’) has received an application for a Carbon Dioxide Appraisal and Storage Licence pursuant to Chapter 3 of the Energy Act 2008 (the ‘Act’), in respect of the following ...
Trelleborg Divests UK Offshore Oil & Gas Operation
3/2/2021 - Trelleborg has signed an agreement and finalized the divestment of its offshore operation in Skelmersdale, England. The company is part of the overall offshore operation in the Businesses Under Develo...
Seaspan Acquires Two 15,000 TEU Containerships On Long-Term Charters
3/2/2021 - Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., has entered into an agreement to acquire two young, high-quality 15,000 TEU scrubber-fitted containerships (“the Vessels”) on long-term c...
NextEnergy Announces Acquisition of 100MWp Camden solar PV portfolio
3/1/2021 - NextEnergy Solar Fund, the FTSE 250 solar power renewable energy investment company, is pleased to announce the acquisition of the UK based Camden solar photovoltaic ("PV") portfolio comprising two pr...
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...

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