Prior notification of a concentration (Case M.12282 – TOTALENERGIES / REPSOL / HITECVISION / NEO NEXT JV) – Candidate case for simplified procedure
Date: 2026-02-06
Institutions: Directorate-General for Competition, European Commission
Subjects: United Kingdom, continental shelf, economic concentration, energy industry, gas industry, joint venture, merger control, oil industry, pipeline transport, wholesale selling








C_202600846EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/846


6.2.2026






Prior notification of a concentration
(Case M.12282 – TOTALENERGIES / REPSOL / HITECVISION / NEO NEXT JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2026/846)


1.   
On 29 January 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


TotalEnergies S.E. (‘TotalEnergies’, France),










—


Talisman Colombia Holdco Limited (‘Repsol UK’, UK), controlled by Repsol S.A. (Spain),










—


NEO Energy Holding Limited (‘Neo Energy’, UK), controlled by HitecVision A.S. (Norway),










—


NEO NEXT Energy Limited (‘Neo Next JV’, UK), currently controlled by Repsol UK and Neo Energy.




TotalEnergies will contribute its upstream oil and gas business in the UK Continental Shelf to Neo Next JV, and acquire, within the meaning of Article 3(1), point (b) and Article 3(4) of the Merger Regulation, joint control of Neo Next JV alongside its current parent companies, Repsol UK and Neo Energy.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


TotalEnergies is a global integrated energy company that produces and markets energies, including oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity.










—


Repsol is a global integrated energy company active in the oil, gas and electricity industries. Repsol’s business also includes a division for renewable energy, including renewable fuels.










—


HitecVision is a leading provider of institutional capital to Europe’s energy industry, helping build successful companies within energy production, infrastructure, and related businesses.










—


Neo Next JV is active in the upstream oil and gas business in the United Kingdom Continental Shelf.






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.12282 – TOTALENERGIES / REPSOL / HITECVISION / NEO NEXT JV
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2026/846/oj
ISSN 1977-091X (electronic edition)