Repsol (OTCQX:REPYF) (OTCQX:REPYY) said Thursday it agreed to merge its U.K. North Sea upstream business with NEO Energy to create a joint venture with production of ~130K boe/day this year.

In 2023, Repsol ended years-long arbitration with China's Sinopec which saw the Spanish company acquire the remaining 49% of their North Sea joint venture, giving it full control of the assets.

Repsol, S.A. REPYY and NEO Energy announced a strategic merger to consolidate their U.K. North Sea upstream business to create a leading independent energy producing entity in the North Sea.

announced a merger with Repsol’s North Sea business. While the deals were driven by strategic reasons including building larger and more flexible companies in a declining oil and gas basin ...

Repsol UK and NEO Energy merge to form NEO NEXT Energy, co-owned 55%-45%. New entity to produce ~130,000 boe/d in 2025, targeting $1B+ in synergies. Wall Street ...

LME three-month copper futures are down 0.8% to $9,846.50 a metric ton. Repsol to Combine U.K. North Sea Upstream Business With NEO Energy Repsol said it has reached a deal to consolidate its U.K ...

Repsol UK and Neo Energy Group will combine their North Sea businesses to become one of the UK's largest oil and gas producers, the companies announced on Thursday. The agreement will see the ...

The company's representative declaration came after bankers said China's second-largest oil company had held talks with Repsol ... in its deep-sea oil assets in Brazil. Sinopec Group, parent ...

Repsol, S.A. REPYY and NEO Energy announced a strategic merger to consolidate their U.K. North Sea upstream business to create a leading independent energy producing entity in the North Sea. The newly ...