News Articles for Origin Energy

Origin Energy has elevated the head of its gas and power retail business, Frank Calabria, to chief executive, replacing veteran CEO Grant King.

The Australian share market has continued on its downward path, with banks and retail-focused shares weighing despite a bounce in the energy sector.

A proposed solar farm near Cervantes has been allocated $5.5 million worth of grants by Australia's federal renewable agency.

Investors welcomed news that GR Engineering Services had upgraded its profit and earnings forecasts for the 2016 financial year.

SPECIAL REPORT: WA's regulatory system is at the top of the hit list for onshore oil and gas juniors seeking to drill tenements in the state.

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

Shares in engineering and construction business Valmec surged after the company announced plans to suspend dividend payments to preserve capital for its expansion plans.

A Subiaco-based asset management technology company is seeking an ASX listing through the reverse takeover and backdoor listing of Power Resources.

Australian energy company AWE has knocked back a $421.4 million takeover bid from a private equity firm, labelling the offer opportunistic and below fair value.

GR Engineering Services' oil and gas services business has won a second major contract in as many days, with Origin Energy signing the subsidiary on for a $50 million job.

LNG 18 conference organising committee chair Grant King is positive about the industry's future, despite the low oil price environment and a predicted short-term oversupply, saying international demand growth for electricity will underpin a need for gas.

Engineering and infrastructure group RCR Tomlinson has won a contract to provide early work on a solar farm in Queensland for Origin Energy for an undisclosed sum.

Perth-based engineering and construction business Valmec has won a $24 million contract to provide its services to the Australia Pacific LNG project in Queensland for Origin Energy.

Shares in oil and gas company AWE have rallied on news it has sold its stake in the Sugarloaf project in the US for $US190 million ($A271 million).

Despite falling oil prices, projections are showing that local consumers and industry could be paying much more for gas in 10 years' time.

Australia's struggling oil and gas producers are expected to put more assets on the market this year as oil prices hit fresh 12-year lows.

Oil and gas producer Origin Energy has shipped the first cargo from its Australia Pacific liquefied natural gas (LNG) facility at Curtis Island in North Queensland.

AWE and Origin Energy plan to spend $17.5 million on the first stage of their Waitsia onshore gas project in the Perth Basin after an offtake agreement was finalised with Alinta Energy.

Oil and gas producer Santos plans to cut its debt by $3.5 billion through two capital raisings and one asset sale, in an effort to ride out weak oil prices, and has recruited Clough boss Kevin Gallagher as its new chief executive.

Engineering firm RCR Tomlinson has secured new contracts worth a combined $100 million, including $48 million in water infrastructure projects in Western Australia.

SPECIAL REPORT: Global oil prices may have halved in the past 18 months, but WA onshore energy players like their prospects.

Perth will play host to chief executives from seven of the world's biggest energy and engineering companies during the LNG18 conference, to be held in April next year.

Shares in engineering and construction firm Valmec surged on news it was awarded a $5.3 million contract to provide services to the Origin Energy-operated Talinga Gas processing facility in Queensland.

Transfield Services has signed an agreement to provide multidiscipline implementation services on the offshore facilities of the Woodside Petroleum-operated North West Shelf project.

Engineering firm Monadelphous Group has increased its work on hand after being awarded three separate construction contracts in the oil and gas and infrastructure markets for a combined value of about $90 million.

Privately owned construction, engineering and property development company Georgiou achieved a bumper result last year, lifting revenue by 54 per cent and budgeting for continued strong growth.

Karl Simich and Mark Bennett are justifiably annoyed at having the companies they run added to an investment blacklist; but behind their frustration there is an enormously serious issue for every member of a superannuation fund – and that, in theory, is every working and recently retired Australian.

Junior producer AWE has claimed a new gas discovery in the Mid West could be the largest conventional onshore gas discovery in Western Australia in 50 years.

Origin Energy has completed its acquisition of Karoon Gas's 40 per cent interest in its Browse Basin permits, which include the Poseidon gas discovery.

FEATURE: Floating LNG will provide limited local construction, manufacturing and engineering opportunities, but could propel WA to the world stage.

Empire Oil & Gas has appointed an independent chief executive to lead the business following a board overhaul last year which claimed the scalps of each of its former directors.

Monadelphous Group has been awarded three contracts with a combined value of about $250 million on the massive Australia Pacific LNG project in Queensland.

During the past four weeks, Alinta Ltd, Multiplex Group and Sydney-based Origin Energy Ltd have highlighted the challenge facing company directors trying to determine the best approach to market disclosure.