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Acquisitions and Divestitures News in United Kingdom

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...
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...
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...
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...
i3 Energy Provides Corporate Update
2/13/2020 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. ...
RockRose Acquires 100% Interest in the Cotton Gas Field
2/4/2020 - RockRose Energy Plc, the independent oil and gas production company, has signed a Sales and Purchase Agreement ("SPA") to acquire 100% of the equity of Speedwell Energy Limited, the holder of 100% in...
Jersey Oil and Gas Acquires Equinor's Interest in the Verbier Oil Discovery
1/27/2020 - AIM-listed Jersey Oil & Gas has entered into a conditional Sale and Purchase Agreement ('SPA') to acquire operatorship of, and an additional 70% working interest in Licence P2170 (Blocks 20/5b and 21/...
P1929 and P2304 Extension to Term of Exclusivity Agreement
1/20/2020 - The Company is pleased to provide an update to the announcement of 4 November 2019, regarding the exclusivity agreement (the "Agreement") in respect of Licences P1929 and P2304 (the "Licences") with a...
RockRose Transfers Operatorship of Brae Area to TAQA
1/17/2020 - RockRose Energy has announced that, subject to receipt of approval by the Secretary of State, it will be passing operatorship of the Brae Area to TAQA Bratani. This follows court proceedings brought b...
Proposed UK North Sea Acquisitions, Underwritten Financing
1/7/2020 - Premier is pleased to announce the proposed acquisitions of the Andrew Area and Shearwater assets from BP for US$625 million, and an additional 25 per cent. interest in the Premier operated Tolmount A...
East Irish Sea Licence Acquisition
12/23/2019 - The Board of Oilex Limited is very pleased to announce that it has entered into a binding term sheet with Burgate Exploration and Production Ltd (“Burgate”), to acquire a 100% participating interest ...
New UKCS Licence Award
12/18/2019 - Serica Energy plc (SQZ) is pleased to announce that its wholly owned subsidiary, Serica Energy (UK) Limited, has received an Out of Round award of a 100% interest in the UK petroleum licence P2501, bl...
Hibiscus Completes Acquisition of the Crown Discovery in the North Sea
12/12/2019 - Hibiscus Petroleum Berhad is pleased to announce that pursuant to the earlier disclosures made on 17 July 2019 and 7 October 2019, its indirect whollyowned subsidiary, Anasuria Hibiscus UK Limited (“A...

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