ConocoPhillips and Origin Energy announced their plan to create a long-term Australasian natural gas business focused on coal bed methane production and liquefied natural gas (LNG) processing and sales.
The transaction is conditioned upon approval from Australia’s Foreign Investment Review Board and, if required as a result of an outstanding offer from BG to purchase all [...]

Four banks are leading a syndicated loan to finance British gas producer BG Group Plc’s $US12.1 billion ($A12.99 billion) bid approach for Australian utility group Origin Energy, banking sources said.
BNP Paribas, HSBC, Royal Bank of Scotland and Santander are leading the jumbo acquisition financing, banking sources said.
The size of the facility has not been revealed [...]

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 [...]

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 [...]

State-owned electricity company Genesis Energy is making a foray into coal exploration though a carbon charge is on the cards and the Government has a green bent.
One of the five big electricity retailers and generators, Genesis has applied for a coal exploration permit for the Mokau coalfield in the King Country.
The permit is a first [...]

Origin Energy Resources (Kupe) Limited said that the Ensco 107 drilling rig for the Kupe Gas Project is now expected to arrive in June 2007, delayed from the original planned date of March 2007.
Project Director for the Kupe Gas Project, Mr. Peter Ashford said “This delay does not affect our critical path and the Project [...]

Another major coal seam gas project is being developed in Queensland.
Origin Energy is to invest $114 million to double the size of its Spring Gully coal seam gas project north of Roma.
This will largely supply into the household, industry and electricity generation market.
But nearby Link Energy is developing coal seam gas which, in partnership with [...]