Karoon Gas News

 

Karoon Energy Places Winning Bid for Six Blocks Offshore Brazil

Jun 18, 2025

Australian oil and gas company Karoon Energy has secured interest in six blocks in the Santos Basin, offshore Brazil, in the ANP fifth Permanent Offer Bid Round for Concession Contracts.Two of the blocks, S-M-974 and S-M-1038, are located approximately 17 kilometers from the Neon field, and contain the Piracucá discovery.In addition, Karoon was successful in its bid for four deepwater blocks (S-M-1484…

Karoon Energy Completes Acquisition of FPSO Operating off Brazil

May 16, 2025

Karoon Energy's wholly owned Brazilian subsidiary, Karoon Petróleo & Gás, has completed the acquisition of the Cidade de Itajaí floating production, storage and offloading vessel (FPSO), operating at Baúna field, offshore Brazil.The FPSO was acquired from Altera & Ocyan (A&O)…

LLOG Spuds Who Dat East Well in US Gulf of Mexico

May 03, 2024

Oil company LLOG has started drilling the Who Dat East exploration/appraisal well in U.S. Gulf of Mexico, using Noble Corporation’s Noble Valiant drillship.The drilling operations on the Who Dat East well started on April 27, 2024, according to Karoon Energy…

LLOG Approves Who Dat East and South Drilling Campaign in Gulf of Mexico

Apr 09, 2024

Oil company LLOG has approved the drilling of Who Dat East and Who Dat South appraisal and exploration wells in the U.S. Gulf of Mexico.Who Dat East lies approximately 27 kilometers east of the Who Dat Floating Production System (FPS).The Who Dat East well…

Karoon Lowers Production Forecast at Baúna Field as it Plans Well Intervention

Jan 24, 2024

Australian oil and gas company Karoon Energy has revised oil production forecast for its Baúna Field offshore Brazil, as it prepares for SPS-88 well intervention to resolve the issues relating to equipment on the Cidade de Itajaí FPSO.Due to operational issues encountered at its Baúna Field…

Karoon Concludes $720M Acquisition of Stakes in US Oil and Gas Fields

Jan 04, 2024

Australia's Karoon Energy has completed the acquisition of interests from LLOG Exploration Offshore and LLOG Omega Holdings for the U.S. Gulf of Mexico oil and gas fields.The acquisition includes a 30% working interest in the Who Dat and Dome Patrol oil and gas fields and associated infrastructure…

EIG to Buy Brazil’s Only FPSO Operator in $390M Deal

Dec 29, 2023

EIG, an institutional investor in the global energy and infrastructure sectors, has entered into definitive agreements to acquire a Brazilian-based offshore oil and gas solutions provider and the country’s only FPSO operator Ocyan for $390 million…

Esgian Week 51 Report: Biden Administration Publishes Lease 2024-2029 Program

Dec 22, 2023

Esgian has released its Week 51 Rig Analytics Market Roundup, highlighting regulatory action in the United States.The Biden Administration has published the final 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Programme with “the fewest oil and gas lease sales in history…

Bid Round Raises Optimism in Brazil's Deep Water Industry

Dec 14, 2023

On December 13, 193 blocks were auctioned in Brazil’s oil and gas licensing round, signaling strong optimism for the industry, according to Wood Mackenzie.Highlights from these bid rounds included:• The total amount in bonuses was US$85 million• 44 blocks were acquired in the Pelotas Basin…

Australia's Karoon Energy to Buy Stakes in U.S. Offshore Fields for $720M

Nov 17, 2023

Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.The oil and…

Karoon Suspends Production at Brazilian Offshore Field Due to Leak

Apr 05, 2023

Oil and gas company Karoon has shut production from its Baúna field offshore Brazil, including from the Patola field, due to 'a loss of containment incident' associated with the high-pressure flare on the Cidade de Itajaí FPSO.Karoon said that production was shut-in on March 28…

Karoon Brings Another Production Well Online at Patola field, Offshore Brazil

Mar 31, 2023

Australian oil company Karoon said this week that it had brought on stream the PAT-1 well at its Patola field, offshore Brazil.The PAT-1 is the second of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil…

Karoon Brings Online PAT-2 Well at Patola Offshore Field in Brazil

Mar 15, 2023

Oil and gas company Karoon said Wednesday that production had started from the PAT-2 at the Patola field in the BM-S-40 production license in Brazil.The well, one of two new production wells drilled at the field, came onstream on March 15, 2023 at a rate of 12…

Brazil: Karoon to Drill Second Neon Control Well, after First Well Shows Encouraging Results

Feb 21, 2023

Australian oil and gas company Karoon Energy has elected to drill the second control well at the Neon discovery offshore Brazil, after the first control well, Neon-1, confirmed the presence of 25 meters of net oil-bearing pay.Neon-1 and Neon…

Karoon Energy Says 2nd Patola Production Well a Success. First Oil in Q1 2023

Nov 23, 2022

Australian oil and gas company Karoon Energy has drilled the second of two new production wells at its Patola field offshore Brazil, and the company says the reservoir quality is better than predicted.The company said that the well - PAT-2-  has been successfully drilled to a total depth of 2…

Current News

Floatel Secures Longer Stay for Accommodation Rig off Australia

Floatel Secures Longer Stay fo

Industry Consortium to Asses Floating Nuclear Plants for Mediterranean Sea

Industry Consortium to Asses F

Longitude Lines Up More Work at Shell’s West Delta Deep Concession off Egypt

Longitude Lines Up More Work a

MeyGen Tidal Energy Tech Sets New Operational Record

MeyGen Tidal Energy Tech Sets

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine