Tenaz Energy buys NAM Offshore from Shell-Exxon Dutch JV for $180m

Canada’s Tenaz Energy has entered into an agreement with Nederlandse Aardolie Maatschappij, a joint venture between Shell and ExxonMobil, to acquire its offshore arm for €165m ($180m). The acquisition of NAM Offshore will have an effective date of January 1, 2024, and is expected to close in mid-2025. NAM Offshore is expected to produce nearly …

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