Acquisitions and Divestitures News in United Kingdom

Independent Oil & Gas Rejects Proposal from RockRose Energy
3/5/2019 - The Board of Independent Oil & Gas has confirmed that it has received and promptly rejected an unsolicited pre-conditional proposal from RockRose Energy in respect of a possible cash offer for the ent...
Eni and HitecVision Team up to Bid for Conoco's North Sea Assets
2/28/2019 - Italy’s Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillip’s North Sea oil and gas assets, sources close to the process said. ...
UK Oil & Gas Completes Acquisition of 6 percent Interest in Horse Hill Oil Field and Licences
2/21/2019 - UK Oil & Gas PLC has completed the previously announced acquisition of the 6% shareholding in Horse Hill Developments Ltd ("HHDL") from Doriemus PLC. The Company now owns a controlling 77.9% interest ...
UK Oil & Gas Acquires Further Interest in Horse Hill Oil Field and Licenses
2/14/2019 - AIM-listed UK Oil & Gas (UKOG), the largest onshore licence acreage holder in the Weald Basin, has entered into a binding heads of terms withDoriemus to acquire a further 6% shareholding in the Compan...
Cluff Natural Resources Farms out Southern North Sea Licences P2252 and P2437 to Shell
2/8/2019 - Cluff Natural Resources Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, has entered into a...
SSE Sells Stake in Stronelairg and Dunmaglass Wind Farms to Greencoat
2/1/2019 - SSE has entered into an agreement to sell a 49.9% stake in its Stronelairg and Dunmaglass wind farms to Greencoat UK Wind Plc in partnership with a major UK pension fund whose investment is managed by...
Talon Petroleum to Acquire Encounter Oil
1/31/2019 - Talon Petroleum has entered into a binding heads of agreement for the purchase of 100% of the shares in EnCounter Oil. Completion of the transaction is subject to final legal and financial due diligen...
ConocoPhillips Closes Sale of 16.5 percent Interest in Clair Field to BP
12/18/2018 - ConocoPhillips has completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5 percent interest in the BP-operated Clair Field for an undisclosed price. ConocoPhilli...
Andalas Energy & Power Announces Eagle Licence Extension
12/17/2018 - Andalas Energy and Power has provided an update on its investment in Eagle Gas. The OGA has agreed a 5 month extension of the initial term of licence P2112 to 19 May 2019. Under the terms of the exten...
Chrysaor Sets Sights on Chevron's North Sea Assets
12/13/2018 - Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron’s British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said. ...
UK Oil & Gas Acquires 30% Interest in Arreton Oil Discovery and Licence PEDL331
12/12/2018 - UK Oil & Gas PLC has entered into a binding heads of terms with Solo Oil Plc to acquire their 30% shareholding in the PEDL331 onshore Isle of Wight licence. Upon completion the Company will hold an op...
Equinor Completes Sale of Non-Core Asset on UK Continental Shelf
12/10/2018 - Equinor and Verus Petroleum have completed their previously announced transaction, whereby Equinor has sold its 17% non-operated interest in the Alba oil field. Alba is located in the Central North Se...
EnQuest Completes Magnus Oil Field Transaction
12/3/2018 - EnQuest PLC, an independent oil and gas production and development company listed on the London and Stockholm stock exchanges, has completed the acquisition of the remaining 75% interest in the Magnus...
Union Jack Oil Completes Farm-in to PEDL183
12/3/2018 - Union Jack Oil has received written consent from the Oil and Gas Authority, satisfied all conditions precedent, and has now completed the farm-in with Rathlin Energy (UK) for a 16.665% licence interes...
Serica Energy Acquires Interests in Bruce and Keith Fields from Total, BHP and Marubeni
11/30/2018 - Serica Energy plc announced that subsequent to the Company’s announcement earlier today relating to completion of Serica Energy (UK) Limited’s acquisition of BP’s interests in the Bruce, Keith and Rhu...
Serica Energy Completes Acquisition of BP's Interests in Bruce, Keith and Rhum Fields
11/30/2018 - Serica Energy has announced the completion of the acquisition of interests in the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP ('BKR Acquisition') by Serica E...
Ineos in Talks to Buy ConocoPhillips North Sea Assets
11/18/2018 - British petrochemicals company Ineos is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company, the Sunday Times newspaper reported, w...
Talon Petroleum Farms into Corallian's Curlew A Discovery
10/26/2018 - Talon Petroleum Limited has entered into an agreement with Corallian Energy Limited to earn a 10% interest in Licence P2396, subject to Oil & Authority (OGA) approval of the assignment.    ...
Serica Energy Receives OFAC License & Assurance for Rhum
10/9/2018 - AIM-listed Serica Energy has announced that its wholly owned subsidiary,Serica Energy (UK) and BP have received a conditional License and assurance from the U.S. Office of Foreign Assets Control ('OFA...
Hibiscus Petroleum to Acquire Interest & Operatorship in 2 Discovered Oil Fields Offshore UK
10/9/2018 - Hibiscus Petroleum has announced that its indirect wholly-owned subsidiary, Anasuria Hibiscus UK ('AHUK'), has entered into a conditional sale and purchase agreement with Caldera Petroleum (UK)to acqu...

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