NEO NEXT Energy is an upstream oil and gas company active in the UK North Sea. It holds interests in offshore fields and participates as a partner in exploration, development, and production projects.
The company focuses on maximizing recovery from mature assets and extending field life by leveraging existing infrastructure, including subsea tie-backs and hub-based developments. Its activities supply crude oil and natural gas to regional markets and are carried out in collaboration with industry operators and supply-chain partners.
Inventory-driven earnings and Middle East volatility prompt €1.2bn stock build, kerosene output up 15–20%, €35m in fuel discounts at stations to date.
Merger completed; combined group renamed; one party holds a 47.5% stake. It becomes the largest independent producer on the UK Continental Shelf, with 2026 output >250,000 boe/d.
The merger forms NEO NEXT+, boosting production to 250,000 barrels/day by 2026, with TotalEnergies holding 47.5% and enhancing operational capabilities. Completion expected in H1 2026.
TotalEnergies holds 47.5% in NEO NEXT+, enhancing synergies and cash flow with a diverse asset portfolio, producing over 250,000 barrels daily by 2026. Completion expected in H1 2026.
Murlach field in the UK North Sea starts production, adding 15,000 boed. Part of bp's plan to boost output by 250,000 boed by 2027, leveraging existing infrastructure for efficiency.
