MADRID (Reuters) -Spanish oil company Repsol and private equity-backed NEO Energy have agreed to merge their UK North Sea oil ...

Repsol Resources UK merges with NEO Energy to form NEO NEXT Energy Limited, creating a major independent producer in the ...

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.

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.

The joint venture could deliver synergies exceeding $1 billion.

NEO Energy has announced a strategic merger with Repsol Resources UK, creating a leading independent producer in the North ...

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 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.

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 ...