Thursday, 26 October, 2017 - 13:31
Origin secures APLNG gas for east coast market
Origin Energy says it will buy 41 petajoules of gas from its part-owned Australia Pacific LNG project in Queensland for the domestic market.
Origin Energy is an integrated energy company which focuses on gas and oil exploration and production, electricity and renewable power generation and energy retailing. It also invests in renewable energy technologies including geothermal, wind, hydro and solar.
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Origin Energy says it will buy 41 petajoules of gas from its part-owned Australia Pacific LNG project in Queensland for the domestic market.
The local share market has opened lower following negative sentiment in the US overnight where falls in technology stocks weighed on Wall Street.At 1030 AEDT on Friday, the benchmark S&P/ASX200 stock index was down 21.1 points, 0.4 per cent at 6,028.3 points.
Sydney-based gas producer AWE will raise $38 million via a share placement to fund the next stage of the Waitsia gas field project in the Perth Basin.
The Australian share market has come under pressure in early trade as investors take cues from a weak close on Wall Street on Friday and a lack of local drivers.
Sydney-based gas company AWE has upgraded its Waitsia 2P reserves by 80 per cent, now ranking it in the top five largest gas fields ever discovered onshore in Australia.
Sydney-based energy supplier AGL Energy has secured 7,000 customers in Western Australia since its July 2017 local launch, according to the company’s half-yearly report.
An east coast energy retailer backed by a French multinational will become the fifth player selling to consumers in the local gas market, after receiving approval by the Economic Regulation Authority today.
Sydney-based Origin Energy has signed up close to 5,000 Western Australian retail gas customers since launching in the Perth market in October.
BN 25th Anniversary series- WA has been slow to introduce private ownership to some state industries, although a series of moves during the Court era generated benefits, according to one prominent WA economist.
Securing union support for his bid to introduce competition into the local electricity retailing market will be a major test of Ben Wyatt’s political and negotiating skills.
SPECIAL REPORT: Despite a host of deals in the Perth Basin during the past year, proponents are battling issues with red tape.
Origin Energy has more than doubled underlying profit on the back of improved performance in its retail and gas production operations, and signalled a return to dividend payouts in the current financial year.
Australia's biggest power producer, AGL Energy, has eased out chief executive Andy Vesey and is seeking a new leader at a time when it faces government pressure to slash energy bills and shore up a shaky grid.
Electricity and gas retailer Origin Energy has posted a 53 per cent rise in third-quarter gas production revenue from its stake in Australia Pacific LNG, driven by higher oil prices.
Monadelphous has announced about $150 million of new contracts in Western Australia and Queensland, less than a week after it won a big contract on Rio Tinto's West Angelas iron ore mine in the Pilbara.
Origin Energy has raised its full-year output guidance for its Australia Pacific LNG project, the biggest producer of liquefied natural gas in eastern Australia.
The Australian stock market has shed more than $100 billion as it sinks to its lowest level in over a year, following US markets lower after a rise in the number of coronavirus cases.
The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.
The Australian share market has opened two per cent higher as coronavirus-fuelled volatility continues.
A historic overnight collapse in oil markets has not significantly shaken bigger ASX-listed energy producers today, but it does foreshadow continuing uncertainty for one of Western Australia’s largest export industries.
Origin Energy will book impairments of $1.2 billion after tax, joining other energy majors that have cut the value of their assets after a coronavirus-induced drop in oil and gas prices.
Electricity and gas retailer Origin Energy's fourth-quarter revenue from its share in the Australia Pacific LNG (APLNG) project has fallen 5.2 per cent.
Valmec has won a major asset services contract, while Centurion has secured mine site works in Queensland and Decmil has been named preferred contractor for a Victorian rail project.
The economic alarm has again been sounded over climate inaction, with an environmental group warning the cost of extreme weather has more than doubled over the last 50 years.
Decisions on two big gas projects are due, $12 billion of chemical projects are under consideration, and a decommissioning timebomb awaits.
Monadelphous has secured $200 million in construction and maintenance contracts including with mining majors BHP and Rio Tinto.
Origin Energy has reported an annual loss of $2.3 billion after a massive write-down.
Fortescue and Wesfarmers were among the Western Australian ASX 100 companies which provided the most comprehensive statements to the modern slavery register.
Australian superannuation funds are being urged by the treasurer to divest Russian assets and join the government in putting a squeeze on Vladimir Putin.
Missing from the discussion of a more rapid shift to renewable energy is the small matter of who pays.
The state government has some big decisions to make on the future of coal.
Energy companies could soon be forced to give more notice before they close under a proposal from the federal government.
Peter Dutton remains open to having a cooperative relationship with Mark McGowan despite the premier having just last month called his intelligence into question.
Amid "an almost unparalleled year" for energy markets, Origin Energy has posted a loss of $1.429 billion, reflecting a $2.196 billion impairment charge.
Origin Energy is expected to divest its 50 per cent stake in an oil and gas exploration venture with Buru Energy as the gas and electricity major turns its focus to “cleaner” projects.
Origin Energy shares have soared by a third after its board said it would recommend a $9-per-share takeover offer from Brookfield Asset Management.
Buru Energy is actively pursuing a joint venture partner to help it bring its Canning Basin gas interests into production, less than a year after buying out Origin Energy’s share of its projects.
Beach Energy reported a 12 per cent revenue drop last quarter, citing a “disappointing” drop in east coast uptake for its product and singling out Otway Basin customer Origin Energy.
The list of renewable hydrogen projects eligible for a share of $2 billion worth of Commonwealth funding has been whittled down to six, with two Western Australian projects making the cut.
SRG Global has booked $125 million worth of contracts with existing clients across Australia.
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