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North Sea shakeup: TotalEnergies, NEO NEXT merge to form UK’s largest independent operator

North Sea shakeup: TotalEnergies, NEO NEXT merge to form UK’s largest independent operator

by Offshore Reporter | Dec 8, 2025 | Offshore

TotalEnergies will merge its UK Upstream business with NEO NEXT to create NEO NEXT+, a new entity set to become the UK’s largest independent oil and gas producer with more than 250,000 boed in 2026. The deal strengthens North Sea consolidation efforts and reinforces long-term energy security.

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North Sea shakeup: TotalEnergies, NEO NEXT merge to form UK’s largest independent operator

Latest News

UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

Guyana president to open OTC 2026 in Houston as offshore investment surges

Saipem drillship acquisition canceled as Deep Value Driller sells unit to third party

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