TotalEnergies completes UK North Sea asset merger to form NEO NEXT+, top independent producer

(WO) - TotalEnergies has accomplished the merger of its UK North Sea upstream property with NEO NEXT, forming a brand new entity—NEO NEXT+—that's set to turn into the biggest impartial oil and fuel producer on the UK Continental Shelf (UKCS). Below the transaction, TotalEnergies will maintain a 47.5% stake within the mixed firm. NEO NEXT+ is anticipated to ship manufacturing exceeding 250,000 boed in 2026, marking a major consolidation transfer in one of...

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