Repsol Merges U.K. North Sea Operations With NEO Energy to Strengthen Position

Repsol has announced a merger of its U.K. North Sea upstream business with NEO Energy, a move aimed at strengthening its position in the region. The agreement, confirmed by multiple sources, is part of Repsol's strategy to enhance its operations in the North Sea, which is a significant area for oil and gas exploration and production. The merger is expected to consolidate resources and improve operational efficiency in the competitive energy market.