Repsol has been in discussions to merge its UK North Sea operations with NEO Energy in what could be another consolidation offshore the UK, where operators struggle with a high windfall tax. The Spanish energy major has been holding extensive talks with private equity-backed NEO Energy and could announce a deal in the coming weeks, anonymous industry sources told Reuters on Friday. If Repsol and NEO reach a deal, they would create one of the largest producers in the UK North Sea with production exceeding 110,000 barrels of oil equivalent…
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