3120 results found for 'origin karoon'

3120 results found for 'origin karoon'
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  • Tripartite collab to develop 1 MW ammonia-to-power system for low- and zero-carbon vessels

    28 January 2026
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Innovation, Outlook & Strategy, Project & Tenders, Technology, Transition, Vessels, Vision

    A tripartite collaboration has been launched to develop and commercialize a 1 MW-class ammonia-to-power system for vessels, designed to replace conventional marine diesel generators as it converts ammonia into hydrogen, which powers proton exchange membrane fuel cells (PEMFCs) to produce electricity without combustion.  The joint development project (JDP) has been established by South Korea-based VINSSEN, a maritime specialist […]

  • WATCH: Bound4blue suction sails installed on first of five Maersk Tankers’ vessels

    26 January 2026
    Business & Finance, Business Developments & Projects, Equipment, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    Spanish automated wind-assisted propulsion system specialist bound4blue has installed the first eSAIL units on the first of five tankers owned by Danish Maersk Tankers. Four 24-meter ‘plug and play’ suction sails were fitted on Maersk Trieste, completing the first stage of an agreement that will see a total of 20 units installed across five advanced […]

  • Upping green shipping ante: First newbuild vessel to run on Wärtsilä’s ammonia engine

    27 January 2026
    Business & Finance, Business Developments & Projects, Transition, Vessels

    Wärtsilä has found a first home for its ammonia engine, which will power a new cargo vessel in Norway-based Skarv Shipping Solutions’ fleet, advancing the ship’s decarbonization arsenal and enriching the maritime industry’s green toolbox.

  • Green ammonia offtake deal strengthens India-Europe supply corridor

    13 January 2026
    Business & Finance, Business Developments & Projects, Transition

    German energy player Uniper has sealed a renewable ammonia offtake agreement with AM Green Ammonia, a partnership among AM Green, Gentari, GIC and Abu Dhabi Investment Authority (ADIA).

  • Origin, Karoon wrap up Browse basin transaction

    12 August 2014
    Business & Finance

    Origin Energy Limited has completed the acquisition of Karoon Gas’ 40% stake in two offshore exploration permits (WA- 315-P and WA-398-P) in Western Australia’s Browse Basin. Under the terms of the transaction, Origin has paid Karoon a US$600 million cash consideration with additional payments of US$75 million payable upon a project Final Investment Decision (FID) and US$75 million […]

  • Origin, Karoon skip Poseidon permits pre-emption hurdle

    1 July 2014
    Business & Finance

    PetroChina and ConocoPhillips have not exercised their pre-emption rights in relation to Karoon’s sale of its 40 per cent interest in the Poseidon exploration permits to Origin, Karoon has reported. This clears the way for Origin’s purchase of the WA-315-P and WA-398-P in Western Australia’s Browse Basin (Poseidon permits) from Karoon. The permits contain large and prospective offshore gas […]

  • 2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition

    1 January 2026
    Business & Finance, Business Developments & Projects, Exploration & Production

    While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth or fiction, that did not make it to the finish line despite the initial optimism and euphoria.

  • Readers’ choice: Offshore Energy’s most-read news in 2025

    1 January 2026
    Authorities & Government, Automation, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Certification & Classification, Collaboration, Environment, Equipment, Exploration & Production, Green Marine, Heavy lifting, Human Capital, Infrastructure, Innovation, IT & Software, Market Outlooks, Operations & Maintenance, Outlook & Strategy, Ports & Logistics, Project & Tenders, Regulation & Policy, Research & Development, Rules & Regulation, Safety, Storage, Technology, Transition, Vessels, Vision

    As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks back at the most-read stories that drew the most interest throughout 2025. […]

  • Origin buys Karoon’s share in Poseidon permits

    2 June 2014
    Business & Finance

    Origin Energy Limited (Origin) today announced it has entered into a conditional Sale and Purchase Agreement with Karoon Gas (Karoon) to acquire its entire 40 per cent interest in two exploration permits (WA-315-P and WA-398-P) in Western Australia’s Browse Basin (Poseidon permits). These permits contain large and prospective offshore gas fields, such as the Poseidon discovery. ConocoPhillips, the project […]

  • Karoon: Origin clear to buy Browse Basin permits

    1 July 2014

    Karoon said that the pre-emption rights associated with the sale of the company’s interest in the Browse Basin permits WA-315-P and WA-398-P to Origin Energy have now expired. This clears the way for Origin’s purchase of the permits from Karoon. The current joint venture partners (ConocoPhillips, PetroChina and Karoon), and Origin will now complete transfer documentation, which is subject […]

  • Origin Buys Out Karoon at Browse Basin

    2 June 2014
    Business & Finance

    Origin Energy Limited (Origin) has entered into a conditional Sale and Purchase Agreement with Karoon Gas (Karoon) to acquire its entire 40 per cent interest in two exploration permits (WA-315-P and WA-398-P) in Western Australia’s Browse Basin (Poseidon permits). These permits contain large and prospective offshore gas fields, such as the Poseidon discovery. ConocoPhillips, the […]

  • $1.98 billion chapter to ‘world-class’ gas story coming up next off Australia

    8 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Chevron Australia, a subsidiary of the U.S. oil and gas giant Chevron, has decided to move forward with the third stage of development for its giant gas project off the northwest coast of Western Australia (WA) to support long-term local and regional energy security.

  • Chevron earmarks $7 billion for offshore oil & gas moves in Guyana, Mediterranean and US Gulf

    4 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    U.S.-headquartered energy giant Chevron has unveiled its multibillion-dollar budget for next year, setting aside around $7 billion for offshore oil and gas plays across Guyana, Eastern Mediterranean and the Gulf of America (U.S. Gulf of Mexico).

  • IMO picks Council members but Net Zero Framework hiatus raises red flag for potential fragmentation of shipping decarbonization

    1 December 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Regulation & Policy, Transition

    The Assembly of the International Maritime Organization (IMO), a specialized agency of the United Nations responsible for regulating and improving international shipping, has elected Member States to serve on three categories of the IMO Council. Meanwhile, EmissionLink’s Managing Director has warned that the IMO’s decision to delay its Net Zero Framework is creating a regulatory vacuum which threatens to fragment global shipping decarbonization efforts.

  • New CEO days away from taking the reins at Karoon

    30 October 2025
    Business & Finance, Business Developments & Projects, Human Capital

    Karoon Energy, Australia’s oil and gas company, has revealed the name of its new Managing Director and Chief Executive Officer (MD and CEO), who will step into the role next month.

  • Karen Moses to leave Origin

    21 October 2015

    Following 21 years at Origin Energy, the last seven of which as Executive Director, Finance & Strategy, Karen Moses decided to retire from her roles with the company.

  • Round-up: New oil & gas discoveries take center stage as LNG momentum grows

    5 December 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Certification & Classification, Exploration & Production, Rules & Regulation, Transition

    As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping portfolios through joint ventures, divestments, and capex commitments.

  • Karoon Sells Browse Basin Interest for $800 Mln

    2 June 2014
    Business & Finance, Project & Tenders

    Karoon has entered into a binding Sale and Purchase Agreement with Origin Energy Limited for the sale of the Company’s 40% equity interest in Browse Basin exploration permits WA-315-P and WA-398-P for up to $800 million. Under the terms of the Agreement, the consideration payable to Karoon is structured as follows: – An upfront cash payment […]

  • Karoon announces shares buyback

    20 August 2014

    Karoon Gas intends to undertake an on-market share buyback over the next 12 months of up to 25,112,076 KAR ordinary shares, or up to approximately 10% of the ordinary shares on issue. Based on a price of A$3.66 per share, Karoon’s last traded price on Tuesday, 19 August, this would equate to up to approximately A$92 […]

  • Karoon changes terms for Brazilian oilfield acquisition

    27 July 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Karoon has executed a binding agreement to amend the sale and purchase agreement to acquire a 100 per cent operating interest in the Baúna field located offshore Brazil.

  • Karoon Completes Browse Basin Interest Sale

    13 August 2014
    Business & Finance, Project & Tenders

    Karoon Gas Australia Ltd has received a cash payment of US$600 million as a result of the completion of the sale of its 40 per cent interest in Browse Basin permits, WA-315-P and WA-398-P to Origin Energy Limited. A further reimbursement of back costs associated with the Pharos-1 well will be received in the coming […]

  • Karoon reacts to media reports on buyback

    14 July 2014

    In reference to the Australian Financial Review article “Karoon plans buybacks with Origin’s cash, farm-in deals” dated 14 July 2014, Karoon confirms that it has not made any formal decisions or commitments in respect of a share buyback. As Karoon does not wish to limit the options available to the company, it said that the statement does not […]

  • Origin Energy Pays USD 800 Mln for Browse Basin Gas Stake

    2 June 2014

    Origin Energy has entered into a conditional sale and purchase agreement with Karoon Gas to acquire its entire 40 per cent interest in two exploration permits (WA-315-P and WA-398-P) in Western Australia’s Browse Basin (Poseidon permits). These permits contain large and prospective offshore gas fields, such as the Poseidon discovery. ConocoPhillips, the project operator, and […]

  • One of Karoon’s longest standing directors resigns

    11 June 2014
    Business & Finance

    Karoon Gas Australia is restructuring its Board of Directors to ensure the appropriate size, composition and skills mix to add value for shareholders as the Company moves into the appraisal and development phase. As previously announced, the restructure process will include the retirement of one of Karoon’s longest standing directors, Stephen Power, along with the appointment of […]

  • Karoon adds to Maersk rig’s backlog in Brazil

    10 May 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Karoon has decided to exercise its option for two additional wells in Brazil to be drilled by one of the Maersk Drilling-owned rigs.