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Repsol-NEO merger forms one of largest producers on UK Continental Shelf

Oil & Gas 360º

(World Oil) – The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited. offshore Repsol-NEO merger stakeholders UK Continental Shelf

E&P
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Repsol, NEO Energy Complete UK Merger

Rigzone

have completed their combination, touting the resulting company as one of the biggest producers on the United Kingdom continental shelf (UKCS). NEO NEXT will operate 11 production hubs and “substantial undeveloped reserves”, the companies said March. and Repsol Resources UK Ltd.

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Amplify Energy Announces Strategic Update and CEO Transition

Oil & Gas 360º

First, Amplify recently engaged TenOaks Energy Advisors to explore market interest for the complete divestiture of Amplify’s assets in East Texas and Oklahoma. We are currently drilling the C-08 well off of the Eureka platform and we expect to start production in August. About Amplify Energy Amplify Energy Corp.

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Perenco Completes Acquisition of Woodside's Greater Angostura Stakes

Rigzone

has completed the sale of its producing oil and gas assets in Greater Angostura in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 Anglo-French explorer and producer Perenco now owns 45 percent of Angostura in Block 2(c) and 68.46 Image by ssuaphoto via iStock Woodside Energy Group Ltd.

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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

The Placing was undertaken on the back of three key recent catalysts for the Company: The Company delivered a highly successful production test on the State 36-2R well. Colin Harington intends to take part in the Director Subscription, which is expected to complete alongside the Second Placing subject to the passing of the Resolutions.

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Australia's Cue Energy Posts Lower Production

Rigzone

Brent Crude $72.24 -0.37% Natural Gas $3.12 -0.57% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Australia's Cue Energy Posts Lower Production by Jov Onsat | Rigzone Staff | Wednesday, July 30, 2025 | 5:54 AM EST Cue Energy, which produces oil and gas in Australia, Indonesia and New Zealand, reported a quarterly output of 148,300 boe.

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The First Oil Well in the World – Bibi Heybat

Aresco

The 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku. By the late 19th and early 20th centuries, Baku had become the beating heart of global oil production , producing more than half of the world’s oil by 1901.

Oil