Acquisitions and Divestitures News in United Kingdom

Union Jack Oil Receives Approval for PEDL253 Biscathorpe Acquisition
7/28/2020 - Further to the announcement of 24 June 2020, Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced that the Oil and Gas Authority ('OGA') has ...
Total Sells the Lindsey Refinery
7/27/2020 - Total has signed an agreement to sell the Lindsey refinery and its associated logistic assets, as well as all of the related rights and obligations, to the Prax Group. ...
Premier Oil Has Signed SPAs for BP Acquisitions
7/20/2020 - Premier is pleased to announce that it has signed sale and purchase agreements (“SPAs”) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets (together, the “BP Ac...
NSNR Awarded UK License P2321
7/19/2020 - North Sea Natural Resources was awarded UK License P2321 in the 29th Round in March 2017. The license consists of 7 contiguous blocks covering the Devil’s Hole Horst prospect, approx. 100 miles east o...
Premier Provides Update on Proposed Acquisitions and Creditor Agreements
7/2/2020 - Premier is pleased to announce that the Group’s creditors have approved the acquisition of the Andrew Area and Shearwater assets (together, the “BP acquisitions”) under the amended terms. The BP Acqui...
Union Jack Oil Acquires Further Interest in PEDL 253 Biscathorpe
6/24/2020 - Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced the acquisition of a further 3% of PEDL253 containing the Biscathorpe project and the si...
Union Jack Oil Acquires Further Interest in Wressle Hydrocarbon Development Project
6/8/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company has agreed to acquire a further 12.5% economic interest in PEDL180 and PEDL182 containing the W...
Egdon Provides Update on Licences P1929 and P2304
6/8/2020 - Egdon Resources plc provides an update on UK offshore licences P1929 and P2304 (“the Licences”) and the Farm-In Agreement with Shell U.K. Limited (“Shell”).

As advised on 21 January 2020, t...
Proposed Revised Terms for BP Acquisitions & Agreements with Creditors
6/5/2020 - Highlights
- Amended terms for the acquisition of the Andrew Area and Shearwater assets (together, the “BP Acquisitions”) agreed in principle

- Cash payable at completion reduced to ...
Conditional Acquisition of Further 16.665% Interest in West Newton
5/26/2020 - Reabold, the AIM investing company which focuses on investments in upstream oil and gas projects, is pleased to announce the conditional acquisition of an additional 16.665 per cent. interest in the o...
Jersey Oil and Gas Completes Acquisition of Equinor UK's Interest in Licence P2170
5/20/2020 - Jersey Oil and Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, has completed the transaction to acquire operatorship of and a 70% working ...
Total Confirms the Sale of UK Assets to NEO Energy
5/20/2020 -  Total Confirms the Sale of UK Assets to NEO Energy May 20, 2020 02:50 AM Total confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced1 in July 2019. ...
Improvement for Project Peregrine and Takeover Update
5/20/2020 - XCD Energy Limited is pleased to announce the outcome of an update to the Independent Prospective Resources Report completed by ERC Equipoise Pte Ltd (ERCE) in January 2020. The update was commissione...
Energean to Re-structure Edison E&P Transaction
5/19/2020 - Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, issues an update on its Edison E&P transaction.

Following the recently announced termination of Energean’s...
Neptune Energy Terminates Deal for Edison E&P's UK and Norway Assets
5/19/2020 - Neptune Energy has agreed to terminate the agreement to acquire Edison E&P’s UK and Norwegian subsidiaries from Energean Oil and Gas.

Neptune will pay a $5 million termination fee to Energe...
Corallian & JV Partners Sign Work Sharing Agreement for licence P2478
4/28/2020 - Corallian is pleased to announce that, together with Joint Venture partners, Upland Resources and Baron Oil, it has signed a Work Sharing and Confidentiality Agreement with a large European E&P Compan...
Baron Oil JV to Relinquish Inner Moray Firth licence
4/8/2020 - Baron Oil Plc, the AIM-listed oil and gas exploration and production company, provides the following Inner Moray Firth ("IMF") update to shareholders. ...
Union Jack Acquires Additional 35% Interest in Keddington Oil Field
3/9/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce the acquisition of an additional 35% economic interest in PEDL005(R) contain...
Hurricane Provides GWA Joint Venture Agreements Update
3/6/2020 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an update in relation to the commercial arrangements with i...
IOG Provides Update on Harvey & Redwell Licences
2/28/2020 - Independent Oil and Gas plc (IOG), the development and production company focused on becoming a substantial UK gas producer, provides an update on the Harvey (P2085) and Redwell (P2441) licences in th...

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