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Acquisitions and Divestitures News in United Kingdom

Egdon Resources Announces Details of UK 14th Onshore Oil and Gas Licensing Round Final Awards
10/3/2016 - Egdon Resources plc is pleased to confirm that the Oil & Gas Authority has formally issued the Company with nine new Petroleum Exploration and Development Licences ("PEDLs") arising from the UK 14th O...
Parkmead Increases Its Stake in Major UK Oil Project
9/14/2016 - Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea. The Pe...
RockRose Energy Acquires Maersk Oil Assets
9/14/2016 - RockRose Energy plc (RockRose) is pleased to announce that it has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK Ltd ("Maersk") to acquire its non-operated ...
Acquisition of Stake in Maclure Field Successfully Completed
9/8/2016 - Nobel Upstream, the independent UK-based exploration and production company, said its acquisition of a 7.59 per cent non-operated interest in the Maclure oil and gas field from Shell, announced on 10 ...
INEOS Secures £220m Reserve-Based Lending Facility
9/7/2016 - INEOS UK E&P Holdings Limited confirms that it has entered into its first reserve-based lending facility (RBL Facility). The RBL facility is a senior secured five-year £220 million facility and has be...
UKOG Completes Acquisition of Further Interest in Weald Basin Licences
9/6/2016 - Further to the RNS dated 22 July 2016 regarding the agreement to acquire the entire 3.9% interest of Flowermay Limited (Flowermay) in onshore Weald Basin licences PEDL137 and PEDL246 (the Licences),...
Statoil Takes 70% Ownership & Becomes Operator for UK Licence P.2170
8/23/2016 - Statoil has signed a Sales and Purchase Agreement (SPA) with Jersey Oil and Gas plc and CIECO Exploration and Production (UK) Limited to acquire 70% ownership and operatorship for the P.2170 licence o...
Acquisition of Additional Interest in PEDL068
8/22/2016 - Egdon Resources plc (EDR) is pleased to announce that it has reached agreement to acquire an additional 20% interest in Petroleum Exploration and Production License PEDL068 from DESS Energy Limited ("...
Siccar Point Energy Acquires Interest in the Greater Mariner Area
8/16/2016 - Siccar Point Energy, a joint venture owned by Blue Water Energy and funds managed by Blackstone Energy Partners (“Blackstone”), announced the acquisition of an 8.9% interest in the Greater Mariner Are...
Parkmead Doubles Its Stake in the Polecat & Marten Oil Fields
8/14/2016 - Parkmead, the UK and Netherlands focused independent oil and gas group, has doubled its stake in the Polecat and Marten oil fields in the UK Central North Sea. The Polecat and Marten fields are locate...
Parkmead Doubles its Stake in 2 UK Oil Fields
8/10/2016 - Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has doubled its stake in the Polecat and Marten oil fields in the UK Central North Sea. The Pol...
OMV Divests 30% Stake in Rosebank
8/9/2016 - OMV, the international integrated oil and gas company based in Vienna, has agreed to sell a 30 percent interest in the UK offshore oil and gas project Rosebank to Suncor Energy (“Suncor” ). Suncor, ba...
UKOG Acquires Further Interest in Horse Hill-1 Oil Discovery & Licences
7/22/2016 - UK Oil & Gas Investments PLC has acquired the entire 3.9% interest of Flowermay Limited ("Flowermay") in onshore Weald Basin licences PEDL137 and PEDL246 ("the Licences"). The Company now holds a 31.2...
EnQuest in Talks to Farm out Interest in Kraken Field Development to Delek
7/18/2016 - EnQuest PLC is pleased to announce that it is holding discussions with Delek Group Ltd for the sale by EnQuest to one of Delek’s subsidiaries of an interest in the Kraken development. EnQuest confirms...
Statoil Completes Transaction in UK Licence for Utgard Field
6/28/2016 - Statoil and JX Nippon completed their previously announced transaction whereby Statoil has acquired JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. ...
Magellan Sells Its Weald Basin Acreage and Settles Litigation
6/13/2016 - Magellan Petroleum Corporation announced the sale of the Company's 50% interests in Petroleum Exploration and Development License ("PEDL") 234 in the Weald basin in the UK to UK Oil and Gas Investment...
Union Jack Oil Acquires Interest in PEDL182 from Egdon
6/13/2016 - Union Jack Oil plc (Union Jack), an onshore oil and gas exploration and production company with a focus on exploration, production, development and investment opportunities in the United Kingdom hydro...
UK Oil & Gas Investments Acquires 100% Interest in PEDL234
6/13/2016 - UK Oil & Gas Investments PLC has signed agreements with Celtique Energie and Magellan Petroleum to acquire 100% ownership of the 300 sq km (116 sq miles) Weald Basin licence PEDL234 (the "Licence"). T...
Statoil Secures Additional Equity in UK Licence for Utgard Field
6/3/2016 - On 1 June 2016, Statoil agreed to acquire JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field. On conclusion of this transaction Statoil will increase its holding...
BP Doubles its Interest in Culzean Field Development
5/16/2016 - BP has doubled its interest in the Culzean development in the UK Central North Sea, following its acquisition of an additional 16% interest from JX Nippon. The acquisition increases BP’s interest in t...

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