Repsol, NEO Announce New Joint Venture

North Sea operators NEO Energy and Repsol to merge UK operations

Oil and gas producers NEO Energy and Repsol Resources UK have announced a "strategic merger" across their North Sea operations. The post North Sea operators NEO Energy and Repsol to merge UK operations appeared first on Energy Voice.

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)