Repsol, NEO Announce New Joint Venture

Repsol merges UK upstream business with independent operator NEO Energy Group Limited

The Corner Renta 4 | Repsol has reached an agreement to consolidate its upstream oil business in the UK with NEO Energy Group Limited, a leading independent oil and gas operator in the UK. The agreement will be structured through a share swap in which Repsol will have a 45% stake in the joint venture and NEO UK a 55% stake, reflecting the contribution and strategic alignment of both groups, with a...

Repsol, NEO Announce New Joint Venture

'This combination will create a jointly governed business which will call upon the key strengths of both shareholders', Francisco Gea, CEO of Repsol E&P, said.

Market Consensus Renta 4 Repsol has reached an agreement to consolidate its upstream business in the United Kingdom with NEO Energy Group Limited, the leading independent oil and gas operator in the United Kingdom. The agreement will be structured by an exchange of shares in which Repsol will have 45% of the joint venture and NEO UK 55%, reflecting the contribution and strategic alignment of both groups, with a balanced governance structure and…

NEO Energy announces merger with Repsol UK, forming NEO NEXT Energy

NEO Energy has announced a strategic merger with Repsol Resources UK, with the combined group forming a new entity named NEO NEXT Energy.

Building the North Sea’s Energy Future: consultation document (accessible webpage)

Repsol, NEO Energy Agree to Merge North Sea Operations - Energy News, Top Headlines, Commentaries, Features & Events

MADRID, March 27 (Reuters) – Spanish oil company Repsol (REP.MC) and private equity-backed NEO Energy have agreed to merge their UK North Sea oil and gas businesses to create a joint venture with output of around 130,000 barrels of oil equivalent per day this year. The new company, called NEO NEXT, will be 45%-owned by ...