UK: TotalEnergies Merges Its Upstream Business with NEO NEXT, Creating the Largest Independent Oil and Gas Producer in the UK
TotalEnergies SE Ordinary Shares (TTE)
Company Research
Source: Business Wire
TotalEnergies will merge its UK Upstream business with NEO NEXT, positioning the new NEO NEXT+ as the largest independent oil and gas producer in the UK.TotalEnergies will have a 47.5% shareholding interest in the broadened NEO NEXT+.The new shareholding structure, asset portfolio and size of NEO NEXT+ will foster synergies and strong cash flow, while contributing to energy supply for the UK. PARIS--(BUSINESS WIRE)--TotalEnergies has signed an agreement with NEO NEXT Energy Limited (NEO NEXT) under which TotalEnergies will merge its Upstream business with NEO NEXT and become the leading shareholder in the expanded NEO NEXT, which will be renamed NEO NEXT+, with a 47.5% ownership.After completion of the transaction, NEO NEXT+ will:be jointly owned by TotalEnergies (47.5%), HitecVision (28.875%) and Repsol UK (23.625%) andencompass a large and diverse asset portfolio including notably NEO Energy’s and Repsol UK’s interests in the Elgin/Franklin complex and the Penguins, Mariner, Shea
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TTE
Earnings
- 10/30/25 - Miss
TTE
Sec Filings
- 12/8/25 - Form 25-NSE
- 12/8/25 - Form 8-A12B/A
- 12/8/25 - Form 6-K
- TTE's page on the SEC website