Fossil Energy – Karoon Energy
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 gas explorer said it would raise around A$480 million ($312.43 million) to fund a 30% stake purchase in the Who Dat and Dome Patrol fields in offshore Louisiana and a near 16% stake buy in the Abilene field.
