MADRID (Reuters) -Spanish oil company Repsol 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 ...

The joint venture could deliver synergies exceeding $1 billion.

Repsol Resources UK merges with NEO Energy to form NEO NEXT Energy Limited, creating a major independent producer in the North Sea with potential for significant growth and value for shareholders.

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.

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.

NEO Energy has announced a strategic merger with Repsol Resources UK, with the combined group forming a new entity named NEO NEXT Energy. The merger positions NEO NEXT as one of the largest ...

Repsol has reached an agreement to consolidate its upstream oil business in the UK with NEO Energy Group Limited, a leading ...

Spanish oil company Repsol has agreed to merge its North Sea oil and gas production unit with that of NEO Energy to create a ...