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Acquisitions and Divestitures News in United Kingdom

Angus Energy Increases Interest in Lidsey Oil Field
5/4/2017 - Angus Energy plc (the "Group") has notified Terrain Energy Ltd. (Terrain) that it is exercising the Group's option to acquire a further 10% interest in the Lidsey Oil Field (PL 241, "the License"). Th...
Independent Oil & Gas Acquires Southern North Sea pipeline
4/11/2017 - Independent Oil and Gas plc (IOG), the development and production focused Oil and Gas Company, has signed a Sale and Purchase Agreement (SPA) regarding the acquisition of the recently decommissioned T...
Parkmead Increases its Stake in Highly Prospective West of Shetland Area
4/4/2017 - Parkmead, the UK and Netherlands focused independent oil and gas group, has nearly doubled its stake in the major Sanda North and Sanda South structures in the West of Shetland area of the UK North Se...
EnerMech Extends Total E&P Contract
4/4/2017 - EnerMech has secured a new three-year contract, with two one-year options, for North Sea crane operation and maintenance on behalf of Total E&P UK Ltd. The previous five-year contract for the provisio...
BP to Sell Forties Pipeline System to INEOS for $250 Million
4/3/2017 - BP has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS...
Azinor Catalyst Offers Two Licences in UKCS 29th Licensing Round
3/24/2017 - Azinor Catalyst (Catalyst), the Seacrest Capital Group-backed E&P company focused on the United Kingdom Continental Shelf (UKCS), has been awarded two operated licences, comprising 10 blocks, on the U...
Steam Oil Offers four Blocks in 29th UKCS Seaward Licensing Round
3/23/2017 - On the 23rd of March 2017 the Oil and Gas Authority announced the results of the 29th Seaward Licensing Round. The Steam Oil Production Company had applied for four part blocks surrounding the Pilot f...
Statoil Awarded New UK Exploration Licences
3/23/2017 - Statoil was awarded six UK licenses, five as operator and one as partner, in the 29th Offshore Licensing Round, announced by the Oil and Gas Authority (OGA) today. ...
Update on Acquisition of Wytch Farm, Scott & Telford Interests
3/22/2017 - RockRose Energy announced on 22nd December 2016 that it had signed sale and purchase agreements with Maersk Oil North Sea UK to acquire its non-operated interests in the Wytch Farm, Scott and Telford ...
Major Concerns over Possible Forties Pipeline Sale to Ineos
3/17/2017 - Unite the union has expressed serious concerns over the possible sale of the Forties Pipeline System from BP to Ineos. Unite was involved in two major disputes with Ineos over the treatment of workers...
Europa Oil & Gas Re-Assigns Licence Interest to Arenite Petroleum
3/14/2017 - Europa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and gas exploration, development and production company, announces that following the acquisition of Shale Petroleum (UK) Lim...
Atlantic Petroleum Sells its Interest in Orlando
3/14/2017 - Atlantic Petroleum has entered into a Sale and Purchase Agreement with Decipher Energy for its 25% interest in the Orlando development. The consideration is a 2% revenue share of the total Orlando pro...
INEOS Adds to Shale Gas Licence Portfolio
3/9/2017 - INEOS Shale, the onshore division of INEOS Upstream, has completed the acquisition of the entire UK onshore Petroleum Exploration and Development Licence interests of ENGIE E&P UK Limited, increasing ...
Union Jack Acquires Additional Interest in Wressle-1 Discovery
3/6/2017 - Union Jack Oil plc (Union Jack), an onshore oil and gas production and exploration company with a focus on production, exploration, development and investment in the United Kingdom hydrocarbon sector,...
IOG Provides Update on Acquisition of SNS Pipeline
3/1/2017 - Independent Oil and Gas plc (IOG), the development and production focused oil and gas company, is pleased to provide an update on the proposed pipeline acquisition as announced on 16 January 2017. Sub...
Expiry of Farm-in Option between CLNR & Verus Petroleum
2/13/2017 - On 10 May 2016, Cluff Natural Resources Plc (CLNR) had entered into an option with Verus Petroleum (SNS) Ltd (Verus) to acquire a 25% interest in licences P1944 (Block 14/20e) and P2156 (Block 15/11 &...
Europa Oil & Gas Farms out Holmwood Prospect in Weald Basin
2/6/2017 - Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company, is pleased to announce that its wholly owned subsidiary has signed a Farm-Out Agreement (FOA) ...
Egdon Resources Completes Acquisition of Interest in PEDL201
1/30/2017 - Further to the announcement made on 16 November 2016, Egdon Resources plc has now completed the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area.

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EnQuest Acquires Operated Stake in Magnus Field from BP
1/24/2017 - EnQuest PLC (together with its subsidiaries, "EnQuest"), is pleased to announce an agreement to acquire from BP an initial 25% interest in the Magnus oil field (Magnus) representing c.15.9 MMboe of ad...
Abu Dhabi's Masdar Buys 25 pct Stake in Floating Wind Farm in U.K
1/17/2017 - Abu Dhabi green energy firm Masdar has acquired a 25 percent stake in Hywind Scotland, the world's first offshore floating wind farm, it said. Hywind Scotland, a 30 megawatt (MW) pilot wind farm on th...

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