TotalEnergies Creates Largest North Sea Player in U.K.

December 24, 2025--Written by Martin Lynch for IIR News (Galway, Ireland, Texas)--French energy major TotalEnergies SE (Courbevoie, France) has agreed to merge its U.K. North Sea upstream business with Neo Next Energy (Aberdeen, Scotland). The expanded company, Neo Next+, will, according to the partners, be the largest independent oil and gas producer in the U.K. with a production of more than 250,000 barrels of oil equivalent (BOE/d) per day in 2026.