As part of the marketing negotiations, Karoon and Shell West agreed on terms and Shell West obtained an internal credit authorization for a $50 million credit facility at Karoon`s Australian level. This lending mechanism will be used as a capital reserve mechanism. Karoon will now try to finalize the loan documents under the usual conditions. These agreements are subject to the financial conclusion of the Bana transaction and inclusion in the loan mechanism is subject to due diligence and negotiation and final documents. Karoon Energy Ltd (“Karoon”) is pleased to announce that its wholly owned subsidiary, Karoon Petéleo e Ges Ltda (“KPG”), has signed a marketing agreement with Shell Western Trading and Supply Limited (“Shell West”), a member of the Royal Dutch Shell plc group, to market and ship crude oil to the Brazilian supply and supply field. The marketing agreement lasts up to 5 years and provides Karoon with access to Shell West`s global marketing and shipping platform, Karoon Managing Director Robert Hosking said, “We are very pleased to be working with Shell to market and ship Baena`s oil production. This agreement adds value to access to final customers who are currently purchasing similar oil in Brazil and allows Karoon to load larger vessels, reducing transportation costs. Overall, Karoon expects a rise in net return prices for FOB production. ExxonMobil reportedly sold Assets of Bass Strait in Australia on the image: Royal Dutch Shell is headquartered in the Netherlands. (Credit: P.L. van Till bei nl.wikipedia) The UK North Sea industry is asking for rapid support for low-carbon energy conversion Rockhopper Exploration offers Sea Lion Farm-in Update Trading of Crude Oil: Using Both Physical and Financial Contracts Module Instructions: To start this module, click “Overview” below. Please note that Petroleum Online is designed to be completed gradually.
As you review the exams in the different sections, the following section links are activated. Once they are active, they remain accessible for the rest of your course. Module Objective: The objective of this module is to examine how crude oil markets and prices are built on the basis of global and regional supply and demand, how organizations such as OPEC influence these markets, and how crude oil is sold and traded at the wholesale level. In this module, you will find media symbols as shown below. Click on these icons to open flash videos, interactive media or listen to audio segments. ..