Karoon’s Brazilian oil assets to remain offline longer

(U) Australian independent Karoon Energy expects that production from its Bauna oilfield and the recently on stream Patola field offshore Brazil will remain suspended into May. Karoon and the fields’ floating production, storage and offloading vessel operator Altera & Ocyan are undertaking both essential and proactive work with the focus on the ongoing detailed inspection... Continue Reading →

Shell and Hexicon Appoint K2 Management as Lender’s Technical Advisor for South Korean Floating Wind Farm

Shell and Hexicon, through their joint venture in South Korea, have appointed K2 Management (K2M) as Lender’s Technical Advisor for the MunmuBaram project, a 1.3 GW floating wind farm planned to be built between 65 and 80 kilometres offshore the city of Ulsan.  The Denmark-headquartered K2 Management will first review the general project status and... Continue Reading →

SOFEC Awarded an Approval in Principle (AiP) by DNV for an Ammonia TransferSystem using its CALM and Tower Mooring Technologies

As a part of SOFEC’s commitment to the Energy Transition, SOFECis pleased to announce that the newly developed Ammonia Transfer System has been awardedan Approval in Principle (AiP) by DNV for use with two mooring technologies 1) CALM Buoy and2) Tower Mooring solutions.Both CALM Buoy and Tower Mooring solutions are part of SOFEC’s proven product... Continue Reading →

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