US EditionFrench Major TotalEnergies Scales Up North Sea Operations
14 Articles
14 Articles
French Major TotalEnergies Scales Up North Sea Operations
A week after Shell and Equinor launched their combined UK North Sea business, French supermajor TotalEnergies announced on Monday it would merge its upstream UK business with NEO NEXT to create the biggest independent oil and gas producer in Britain. TotalEnergies has signed deal with NEO NEXT under which the French major will merge its Upstream business with NEO NEXT and become the leading shareholder in the expanded NEO NEXT, which will be r…
Repsol and HitecVision have announced Monday the merger of their oil and gas exploration and production businesses in the United Kingdom with TotalEnergys, which will create a leading operator in this sector with a production planned for 2026 higher than 250,000 barrels of oil equivalent per day. In a statement, Repsol has explained that the operation will be carried out through the NEO NEXT company, currently in the hands of Repsol and HitecVis…
North Sea shakeup: TotalEnergies, NEO NEXT merge to form UK’s largest independent operator
(World Oil) – TotalEnergies has signed an agreement to merge its UK Upstream business with NEO NEXT, forming a newly expanded company—NEO NEXT+—that will become the largest independent oil and gas producer in the United Kingdom. The deal positions TotalEnergies as the new entity’s leading shareholder with a 47.5% ownership stake. Following completion—expected in the first half of 2026 pending regulatory approvals—NEO NEXT+ will be jointly owned b
TotalEnergies, Repsol, HitecVision forge NEO NEXT+ in UK North Sea
TotalEnergies agreed to fold its UK upstream oil and gas business into NEO NEXT Energy, the joint venture already backed by Repsol and HitecVision, forming a new entity to be named NEO NEXT+. Under the deal, TotalEnergies will take a 47.5% share of the enlarged group, while HitecVision and Repsol will hold around 28.875% and … The post TotalEnergies, Repsol, HitecVision forge NEO NEXT+ in UK North Sea appeared first on Drilling Contractor.
Neo Next Energy, joint venture of Repsol and HitecVision, today announced a strategic agreement with TotalEnergys to merge its oil and gas businesses in the British North Sea. As highlighted by the Spanish energy company in a statement, this operation will consolidate Neo Next’s position “as a leading operator and producer on the UK continental shelf”, with a production planned for 2026 exceeding 250,000 barrels of oil equivalent per day. Once t…
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