Oil Majors' North Sea Exits Continue As Shell And Exxon Sell Dutch Assets

Oil rigs and supply vessels at sea getty On Friday, yet another eye-catching deal emerged on the horizon after Canadian independent Tenaz Energy agreed to acquire NAM Offshore - or Nederlandse Aardolie Maatschappij - a 50:50 joint venture between Shell and ExxonMobil. The company will now own practically all of NAM's offshore exploration and production (E&P) operations, including related pipeline infrastructure and onshore processing in the Netherlands. ForbesChevron Calls Time On 55 Years Of North Sea Oil ...