POLICY

Karoon secures lower royalty rate

BRAZIL has lowered offshore royalties on oil and gas production to incentivise higher rates, giving Karoon Energy a shot in the arm for its planned production rises.

Karoon secures lower royalty rate

The offshore regulator and the government has approved the ASX midcap's updated plans for its Bauna field in the Santos Basin. Karoon had already told the market it planned to vary its program at...

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