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 ...

The new company, called NEO NEXT, will be 45%-owned by Repsol and 55%-owned by NEO Energy. It is aiming for financial benefits from the merger of more than $1 billion, improving cash generation ...

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 and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent ...

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with the combined group forming a new entity named NEO NEXT Energy. The merger positions NEO NEXT as one of the largest independent producers in the North Sea. NEO NEXT will be jointly owned by ...

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 ...