Origin Energy Ltd, Australia’s second biggest electricity and gas retailer, has forecast a stronger second half after delivering a 43.5 per cent increase in interim profit.
The power retailer delivered a half year profit of $334.7 million for the six months to December 31, 2007, compared to $233.1 million in the previous corresponding period.
“Based on current [...]

Australian oil firm AED Oil Ltd AED.AX, whose shares were hit earlier this year on claims it had overdue debt, said it was considering offers from a number of unnamed parties over the sale of some of its assets.
Trading in its shares will be halted for two days, during which it said it expects [...]

Origin Energy said on Thursday it expects a strong second half after delivering a fall in underlying profit for first half results, propelling the shares in the gas and electricity retailer as much as 8.6% higher.
Shares in ORG ended a five-day losing streak, climbing 63 cents or 7.9% to finish at $8.55.
The Sydney-based company posted [...]

The biggest German power company, EON, plans to sell its high-voltage network in anticipation of new European Union rules, press reports said on Thursday.
Plans to split off distribution networks worth more than one billion euros (1.5 billion dollars) were “well advanced” and EON chief executive Wulf Bernotat had already informed German Chancellor Angela Merkel, the [...]

PACO Oil & Gas Inc. an exploration company focused on purchasing under valued oil and gas leases — has completed negotiations to acquire the McGill gas lease properties located in Okalahoma. PACO Oil & Gas reports that the property has one gas well in the Rowe Formation that is expected to produce up to 100 [...]

Six nominees to the Colorado Oil and Gas Conservation Commission, including a Garfield County representative, were confirmed by a Senate committee on Tuesday, despite protests from Republicans that they weren’t given enough information on their views.
The six were nominated by Gov. Bill Ritter after lawmakers expanded and revamped the commission to make it more responsive [...]

India’s state-owned Oil and Natural Gas Corp. said it will notify four oil and gas discoveries in a month to the Directorate-General of Hydrocarbons.
The decision came at an ONGC board meeting Monday, an ONGC statement said Tuesday.
The board also cleared three major investments for growth-oriented projects, the statement said, adding these are the reconfiguration of [...]

Falcon Oil & Gas Ltd. announced today, at the request of Market Regulation Services, that no material change has occurred in the affairs of Falcon.
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is a British Columbia corporation which is in the business of oil and gas exploration and production. It has operations in [...]

Are record gas prices on their way to Western New York? The likelihood has increased because of this week’s spike in oil prices.
World markets pushed oil up to a record $100.88 a barrel on Tuesday and briefly touched $102 Wednesday, and gasoline responded by moving higher in the Buffalo area.
Gas was selling for an [...]

Wavefront Energy and Environmental Services Inc., a leader in technology development and implementation for improved oil recovery and optimized groundwater remediation, announced that a Canadian conventional oil and natural gas producer, with gross revenues over $500 million, will apply Powerwave in an Alberta waterflood development. For reasons of confidentiality the client, agreement terms, and oil [...]