London-listed SPAC New Energy One in talks about Eni North Sea merger

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A London-listed vehicle advised by Amber Rudd, the former home secretary, is in talks to merge with a portfolio of carbon capture and storage (CCS) projects part-owned by Eni, the Italian energy giant.

Spokespeople for New Energy One and ENI both declined to comment.

NEOA announced last month that it had agreed an extension of its deadline to agree a business combination to March 2024. It added that its ambition was"to create amongst the first pure-play publicly listed CCUS companies, and a business operating across the CCUS value chain, incorporating carbon management, capture, utilisation, transportation and storage".It did not publicly identify the assets with which it was in talks.

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