Post by
BERationale on May 07, 2024 11:22am
NAM Report - an acquisition of NAM offshore is coming!!
From NAM...
“It's expected that the activities related to the small offshore fields and the associated assets and liabilities will be transferred to this company later in 2024. In 2023, the interests to be incorporated into NAM Offshore BV were put up for sale…although the scope for investing in small fields is limited, NAM will continue to consider and implement promising investment opportunities. NAM wants to make these investments in close consultation with stakeholders. It is expected that more clarity will become clear about a possible sale in 2024.”
Comment by
LouManheim on Jun 11, 2024 1:43am
What are your thoughts lately? Still own? Hearing anything good about the AGM next week?
Comment by
BERationale on Jun 12, 2024 8:03pm
Yes still holding and adding. Should close the small acquisition in Canada in the next few weeks which was great timing given where gas prices are at. Assume we will get an update on M&A at the AGM. A deal is near I am told.
Comment by
Windsor10 on Jun 13, 2024 1:33am
Should be one of decent size given the high transaction costs, advisors for business expansion and hiring they've been doing
Comment by
YutesandGrutes on Jun 19, 2024 6:42pm
@BERationale are these Namibia Offshore that you are referring to in NAM Offshore BV??? Which assets offshore Namibia are expected to be added in?
Comment by
BERationale on Jun 19, 2024 8:08pm
Not Namibia - Dutch North Sea. https://northerntimes.nl/shell-and-exxonmobil-in-talks-to-sell-nam-raising-concerns-about-earthquake-liability/