3098 results found for 'origin karoon'

3098 results found for 'origin karoon'
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  • 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 […]

  • GCMD strikes sustainable finance partnership with ADB to accelerate decarbonization at sea

    9 May 2025
    Business & Finance, Business Developments & Projects, Transition

    The Global Centre for Maritime Decarbonization (GCMD) has penned a contract with the Asian Development Bank (ADB) to give speed to maritime decarbonization efforts through sustainable finance. As disclosed, the knowledge partnership will strive to advance green financing pathways that support a “sustainable and resilient” maritime sector. More specifically, according to GCMD, by grounding green […]

  • 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 […]

  • IMO midterm measures could add $100B per year to fleet bunker costs

    7 May 2025
    Market Outlooks, Outlook & Strategy, Transition, Vessels

    The International Maritime Organization’s (IMO) recently agreed Net-Zero Framework is projected to add an 82% premium on top of the fleet bunker costs by 2035.

  • Fugro joins Methanol Institute to steer transition to low-carbon fuels

    17 April 2025
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Transition, Vision

    Dutch geo-data solutions provider Fugro has joined the Methanol Institute (MI), a global trade association for the methanol industry, in line with transitioning its fleet of geotechnical and geophysical vessels to low-carbon fuels.

  • 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 […]

  • 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 […]

  • 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 […]

  • US DOE clears path for approving LNG exports, deeming them in public interest

    20 May 2025
    Authorities & Government, Business Developments & Projects, Regulation & Policy

    The U.S. Department of Energy (DOE) has responded to comments on the assessment of liquefied natural gas (LNG) exports on the country’s energy, economy, and the environment, marking what it says is a “critical” step toward the resumption of issuing export orders. 

  • SK Incheon Petrochemical debuts B30 marine biofuel supply in South Korea

    30 April 2025
    Business Developments & Projects, Green Marine, Outlook & Strategy, Research & Development

    Energy and chemical company SK Incheon Petrochemical, a subsidiary of South Korea’s conglomerate SK Group, has launched the first domestic production and supply of B30 biofuel for the shipping sector.

  • 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.

  • Proman and Origin team up on low-carbon biofuel production

    9 August 2023
    Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Technology

    Methanol producer Proman and carbon-negative materials company Origin Materials have entered a strategic partnership centered on low-carbon biofuel production utilizing Origin’s technology platform and Proman’s fuels capabilities and expertise. Specifically, the two companies signed an agreement to explore the production and global distribution of low-carbon biofuels. According to Proman, Origin expects to produce bio-based fuels […]

  • Origin acquires Browse basin exploration interest

    12 August 2014

    Origin Energy completed the acquisition of Karoon Gas’s 40 percent interest 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 […]

  • Karoon Agrees Terms with NAB for USD 100 Mln Bridge Facility

    12 June 2014

    Karoon has negotiated key commercial terms for a US$100 million bridge facility with National Australia Bank. This facility will be used to fund operational cashflow requirements prior to the receipt of US$600 million proceeds from the sale of Karoon’s Browse Basin permits, WA-315-P and WA-398-P, to Origin Energy. [mappress] Press Release, June 12, 2014  

  • Hong Kong debuts B30 marine biofuel in joint effort by CPN and OOCL

    8 May 2025
    Collaboration, Operations & Maintenance, Vessels

    Hong Kong-headquartered bunker service provider Chimbusco Pan Nation Petro-Chemical (CPN) and compatriot shipping player Orient Overseas Container Line (OOCL) have marked the completion of Hong Kong’s ‘first’ B30 marine biofuel bunkering. As disclosed, a containership owned by OOCL was supplied with ISCC-EU certified B30 biofuel—which is a blend of 70% very low sulfur oil (VLSFO) […]

  • Origin: APLNG 75 pct complete

    31 July 2014

    Origin Energy said that the Australia Pacific LNG project is progressing well with the Upstream component of the project approximately 76 percent complete and the Downstream component 75 per cent complete. “Australia Pacific LNG remains on track to deliver first LNG in mid-2015. During the past quarter, 141 Phase 1 development wells were drilled, bringing the […]

  • Exclusive interview: Balancing act between energy security and decarbonization unlocking oil & gas resilience

    9 May 2025
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    Sulzer has pointed out the operators’ need to pursue decarbonization tools to ensure cleaner production and more efficient operations, maximizing productivity and enhancing sustainability to tackle the climate change ticking time bomb and come to grips with energy security challenges.

  • From sewage to marine fuel: Carbon neutral methanol facility opens at wastewater site

    23 April 2025
    Authorities & Government, Business Developments & Projects, Collaboration, Exploration & Production, Green Marine, Innovation, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Technology, Transition

    A German consortium consisting of the Institute for Micro Process Engineering and the Institute for Automation and Applied Informatics at the Karlsruhe Institute of Technology (KIT), the KIT spin-off ICODOS and the Waste Water Department of the City of Mannheim have began operation of a demonstration plant that uses wastewater as a resource for the production of carbon neutral methanol, a future marine fuel.

  • Brazilian operator gets brand-new fleet addition and fresh deal with Karoon

    11 February 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Vessels

    CBO has added a new PSV to its fleet and signed its second contract for one of its AHTS vessels with Karoon Energy.

  • Industry calls on EU to bolster clean shipping standards

    8 May 2025
    Authorities & Government, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    An alliance of non-profits and industry coalitions, collectively representing 82 clean maritime and green hydrogen industry stakeholders, has urged the European Union (EU) to adopt “stronger” policies to support the shipping industry in its pursuit of meeting climate goals and cultivating a global “competitive edge” in the wake of the measures agreed recently at the International Maritime Organization (IMO).

  • Karoon and Enauta abandon Brazilian field-related sale talks

    23 May 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Project & Tenders

    Enauta’s exclusivity deal with Karoon Energy for the sale of a partial stake in a field located off Brazil has been terminated.

  • Vitol rolls out FuelEU Maritime-compliant co-processed VLSFO

    29 April 2025
    Business Developments & Projects, Green Marine, Outlook & Strategy

    Vitol Bunkers, a wholly-owned bunker arm of energy and commodities company Vitol, has launched new FuelEU-compliant co-processed bunkering fuel.

  • LNG chapters on the rise in 2024 global energy tome

    1 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Offshore Energy has gone back in time to make a collection of some of the most important LNG developments and deals that hit the market in 2024.

  • ConocoPhillips Encounters Well Control Issues at Proteus Well (Australia)

    12 June 2013
    Business & Finance

    Karoon Gas Australia today announced that at 06:00 WST on the 11th of June preparations were being made to commence scheduled BOP testing at the ConocoPhillips-operated Proteus-1 prospect offshore W. Australia. Since the last update the sidetrack section, named Proteus‐1ST1,was successfully kicked off from the original Proteus‐1 borehole. Proteus‐1ST1 was then drilled to a depth of […]

  • bound4blue: ‘World’s largest’ suction sails installed on LDC juice carrier

    8 April 2025
    Business Developments & Projects, Equipment, Infrastructure, Vessels

    Spanish automated wind-assisted propulsion system specialist bound4blue has installed what it claims to be “the world’s largest” suction sails on a vessel.