- Reuters•2 months ago
Australia's top energy retailer Origin Energy Ltd plans to sell some oil and gas producing assets in a listing tipped to fetch A$1 billion ($750 million), cutting debt and joining its main rival in reducing exposure to upstream production. The move by newly installed CEO Frank Calabria sets up Australia's biggest initial public offering since 2014 and underscores the desire of the country's energy companies to refocus on their more stable retail gas and power businesses.
- The Wall Street Journal•2 months ago
The Australian energy company said it would bundle its upstream operations into a new company and sell them next year in an effort to slash debt.
- Reuters•3 months ago
ConocoPhillips, operator of the Australia Pacific liquefied natural gas (APLNG) plant, said it expects the project to reach its full capacity of 9 million tonnes a year in the June quarter of 2017. APLNG started shipping from the second of its two production units earlier this month, and is now focused on ramping up coal seam gas supplies, operated by its Australian partner Origin Energy, into the plant. "I expect it will be some time in the second quarter before we have enough gas supply from the upstream side to be able to run both trains at full tilt," ConocoPhillips' head of production, drilling and projects Al Hirshberg said on a quarterly conference call on Thursday.
ORL.F: Summary for ORIGIN ENERGY LTD. - Yahoo Finance
Origin Energy Limited (ORL.F)
Frankfurt - Frankfurt Delayed price. Currency in EUR
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At close: 9:15AM CET
|Bid||5.09 x 546400|
|Ask||5.21 x 533200|
|Day's range||5.10 - 5.10|
|52-week range||2.24 - 5.10|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|