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…
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 Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday…
Australian oil and gas company Karoon Energy has this week named Ray Church as Executive Vice President and Chief Financial Officer.Church will start with Karoon on September 27. 2021. Current Chief Financial Officer, Scott Hosking, will oversee…
French energy giant TotalEnergies has exercised an option for the extended use of one of Maersk Drilling's offshore drilling rigs in Suriname.TotalEnergies, which became the operator of the prolific Block 58 in January where it has in the past year with partner Apache struck several oil discoveries…
Danish offshore drilling contractor Maersk Drilling has won a contract with Karoon Energy Ltd for the semi-submersible rig Maersk Developer to perform well intervention on four wells at the Baúna field offshore Brazil.Karoon took over Bauna from Petrobras in November 2020…
Australia's Karoon Energy has offloaded its first oil cargo from the Baúna offshore oil field in Brazil it recently bought from Petrobras.The shipment produced by the FPSO Cidade de Itajaí, amounted to over 500,000 barrels of oil.The cargo…
Australian oil and gas firm Karoon Energy has this week completed the acquisition of a 100% operating interest in the BM-S-40 offshore concession in Brazil from Petrobras.The offshore block in the Santos Basin contains the producing Baúna oil field and undeveloped Patola discovery…
Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras.The field is located in shallow waters in the Santos Basin in concession BM-S-40…
Australian oil and gas company Karoon Energy expects to complete the acquisition of the Bauna offshore field from Petrobras by the end of the month.The company, which in July 2019 agreed to buy a 100% stake in the Baúna offshore oil field, in the southern Santos Basin…
Brazilian oil company Petróleo Brasileiro SA announced adjustments to a $665 million contract governing the sale of its entire stake in the Baúna oil field to Australia's Karoon Energy, according to a securities filing late on Friday.The Bauna field is in the Santos basin in the Atlantic Ocean…
Karoon Energy's Marina-1 deepwater exploration well, in the Z-38 license offshore Peru, has come up dry and will be plugged and abandoned.Tullow, Karoon's partner in the project said Monday that the well had reached Total Depth 'and has not encountered significant hydrocarbons…
Brazil's Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago.Petroleo Brasileiro SA…
Brazilian state-controlled oil company Petroleo Brasileiro SA signed on Wednesday two contracts to sell shallow-water oilfields in the basins of Campos and Santos for $1.5 billion plus $200 million in future payments, the company said in a securities filing…
Brazilian independent oil firm PetroRio SA, which already owns 70 percent of the Frade oil field, has approached Petrobras about buying its 30 percent stake in the field, a person familiar with the matter said.PetroRio recently signed a deal…
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