Origin Energy news http://www.originenergy.com.au/news/feed/all.xml Origin Energy news en-us Wed, 20 Aug 2014 20:11:29 +0930 Contact Energy Limited 2014 Full Year Results http://www.originenergy.com.au/news/article/rss/all/1596 http://www.originenergy.com.au/news/article/rss/all/1596 Sun, 17 Aug 2014 23:41:29 GMT <p>Attached herewith is a copy of an announcement released to the NZX by Contact Energy today.</p> <p>Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.</p> <p> <a href="http://www.originenergy.com.au/news/files/ASX_CEN_FY14_Results.pdf" target="_blank" class="link_pdf gact gact-download">Download full report<span class="link_pdf">&nbsp;</span></a> (2.8MB)</p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1596" alt="" /></p> Contact unveils Te Mihi geothermal power station http://www.originenergy.com.au/news/article/rss/all/1595 http://www.originenergy.com.au/news/article/rss/all/1595 Wed, 13 Aug 2014 23:15:21 GMT <p>Contact Energy Limited (Contact) will today unveil its newest and most advanced geothermal power station, the final stage of the Wair&#257;kei Investment Programme. Te Mihi ushers in a new era of efficiency and environmental responsibility in the utilisation of the world class Wair&#257;kei geothermal resource.</p> <p>&quot;Te Mihi is a testimony to Contact's dedication to ensuring New Zealander's energy needs are met in a safe, reliable and efficient manner. It also represents a step into the future, helping provide renewable lower-cost base load electricity to the market to power the homes and businesses in our communities,&quot; says Contact CEO, Dennis Barnes.</p> <p>&quot;With two 83 MW steam turbines, the plant has been designed to make the best use of steam and maximise capacity. A vast network of pipes connects Te Mihi to the Wair&#257;kei steamfield, increasing overall efficiency and generation reliability. The Taup&#333; region geothermal resource is large by international standards, ranking 7th in the world with a combined gross geothermal generation output of 431 megawatts across Contact's five power stations in the region - enough to supply 400,000 kiwi homes.&quot;&#157;</p> <p>Mr Barnes said that Te Mihi is the latest step in advancing New Zealand's leadership position in renewable electricity generation, at a time when internationally there is currently over 12,000 MW of identified geothermal generation capacity to be developed. &quot;Renewable assets on a scale as large as our Taup&#333; steamfield operations are rare around the world. Besides the clear environmental benefits, these long life assets offer strong cash flow for investors that can be sustained over the long-term. Provided a stable and supportive policy and regulatory environment is maintained Contact and its shareholders will investigate further geothermal investment in New Zealand's electricity market when market conditions dictate.&quot;&#157;</p> <p>&quot;I want to acknowledge the many people and contractors who were involved in this development. Over the course of building Te Mihi, through joint venture partners McConnell Dowell Constructors Ltd, SNC-Lavalin Constructors Inc and Parsons Brinckerhoff, we have employed over 500 contractors, developed homegrown expertise and intellectual property, and contributed approximately $60 million to our New Zealand communities.&quot;&#157;</p> <p>Te Mihi will be officially opened this afternoon by Deputy Prime Minister, Honourable Bill English, at a ceremony to be attended by over 150 people, including local dignitaries, stakeholders and tangata whenua. &quot;We are pleased to welcome Te Mihi into Contact's geothermal family. This flexible, fully integrated power station ensures that we can continue to efficiently meet the energy needs of New Zealanders today and into the future.&quot;</p> <table border="0" cellspacing="4" cellpadding="0"> <tbody><tr> <td> <p><strong>Investor enquiries</strong></p> <p><strong>Fraser Gardiner</strong><br /> Ph: <span class="phone">021 228 3688</span></p> </td> <td> <p><strong>Media enquiries</strong></p> <p><strong>Shaun Jones</strong><br /> Ph: <span class="phone">021 204 4521</span></p> </td> </tr> </tbody> </table><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1595" alt="" /></p> Origin completes acquisition of gas exploration interests in WA's Browse Basin http://www.originenergy.com.au/news/article/rss/all/1594 http://www.originenergy.com.au/news/article/rss/all/1594 Mon, 11 Aug 2014 23:22:27 GMT <p>Origin Energy Limited (Origin) today announced it had completed the acquisition of Karoon Gas's (Karoon) 40 per cent interest in two offshore exploration permits (WA- 315-P and WA-398-P) in Western Australia's Browse Basin.</p> <p>Under the terms of the transaction, Origin has paid Karoon a US$600 million cash consideration with additional payments of US$75 million payable upon a project Final Investment Decision (FID) and US$75 million payable on first production. A further payment of up to US$50 million will be payable on first production if 2P reserves at the time of FID reach certain thresholds.</p> <p>Origin's acquisition of the permits, which contain large and prospective offshore gas fields such as the Poseidon discovery, allows the company to establish a strategic position in one of Australia's largest recent offshore gas discoveries.</p> <p>The acquisition complements Origin's recent farm-ins in the Cooper and Beetaloo basins and the awarding of new exploration acreage to the company in the Bonaparte Basin.</p> <p><strong>Figure 1 - Location of WA-315-P and WA-398-P</strong></p> <p><img alt="Map" src="http://www.originenergy.com.au/files/map-asx-1594.PNG"/></p> <p><strong>For further information please contact:</strong></p> <table border="0" cellspacing="4" cellpadding="0"> <tbody> <tr> <td><p><strong>Media</strong><br/> Stephen Ellaway<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 2 9375 5834</span><br/> Mobile: <span class="phone">+61 417 851 287</span></p></td> <td><p><strong>Investors</strong><br/> David Moon<br/> Group Manager, Investor Relations<br/> Ph: <span class="phone">+61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 437 039 310</span></p></td> </tr> </tbody> </table> <div style="font-size: 80%"> <p><strong>About Origin Energy</strong></p> <p>Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, a leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin is also a major operator and participant in petroleum exploration acreage in New Zealand.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au" target="_blank">www.originenergy.com.au</a></p> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1594" alt="" /></p> Australia Pacific LNG 75% complete with an increase in reserves and lift in Origin annual reserves and production http://www.originenergy.com.au/news/article/rss/all/1593 http://www.originenergy.com.au/news/article/rss/all/1593 Thu, 31 Jul 2014 05:28:42 GMT <p>Origin Energy Limited (Origin) today reported on Australia Pacific LNG&rsquo;s schedule and released its Annual Reserves Report and Quarterly Production Report for its Exploration and Production business for the period ended 30 June 2014. </p> <p>In reporting on the progress of the Australia Pacific LNG project, Origin Chief Executive Officer LNG, Mr David Baldwin said, &ldquo;Strong progress has been made on Australia Pacific LNG with the Upstream component of the project approximately 76 per cent complete and the Downstream component approximately 75 per cent complete at 30 June 2014. </p> <p>&ldquo;Australia Pacific LNG remains on track to deliver first LNG in mid-2015. During the past quarter, 141 Phase 1 development wells were drilled, bringing the total to 821, and Condabri Central Train 1 gas processing facility was commissioned,&rdquo; Mr Baldwin said. </p> <p>For the year ended 30 June 2014, Origin recorded production of 142 PJe, a 15 per cent increase on the prior year, and a 32 per cent increase in revenues to $1,122 million. Production during the June quarter increased by 8 per cent compared with the March quarter while sales volumes and revenues rose by 12 per cent and 11 per cent respectively. </p> <p>Origin Chief Executive Officer Upstream, Mr Paul Zealand said, &ldquo;Origin&rsquo;s increased annual production and revenue results can be directly attributed to investments made in prior periods, with improved asset availability driving higher contributions from Otway, Kupe and BassGas assets.&rdquo; </p> <p>During the past 12 months, Origin successfully added to its overall reserves position. At 30 June 2014, Origin&rsquo;s Proved plus Probable (2P) reserves (including its 37.5 per cent share of Australia Pacific LNG reserves) totalled 6,473 PJe, representing a 4 per cent increase on the prior year net of production. </p> <p>Australia Pacific LNG&rsquo;s 2P reserves increased by 709 PJe during the year to 14,091 PJe and 3P reserves increased by 1,304 PJe to 17,459 PJe. Origin&rsquo;s 37.5 per cent share of Australia Pacific LNG&rsquo;s 2P reserves was 5,284 PJe, an increase of 266 PJe. The increase in Australia Pacific LNG&rsquo;s 2P reserves was driven by the project&rsquo;s exploration and appraisal program and extensive development drilling as part of the Phase 1 project. </p> <p>Excluding Australia Pacific LNG, Origin more than replaced its 2014 production through additions to its 2P reserves position, primarily at its Ironbark CSG field in Queensland, which increased by 94 PJe following favourable appraisal well drilling results. </p> <p>&ldquo;A particularly pleasing feature of the past quarter was Origin&rsquo;s completion of farm-in agreements in the Cooper and Beetaloo Basins as well as being successfully awarded new exploration acreage in the Bonaparte Basin subsequent to quarter end. In addition, Origin continues to progress its planned acquisition of Karoon Gas&rsquo;s Browse Basin exploration permits, WA-315-P and WA-398-P,&rdquo; Mr Zealand said. </p> <p>Given its growing portfolio of exploration opportunities within Australia, the company&rsquo;s international exploration activities were reviewed and it was decided not to seek a new Production Sharing Contract for the Kenya acreage, and to progress the relinquishment of the Botswana acreage. The $25 million capitalised against Kenya and Botswana is likely to be expensed. </p> <p>In addition, an evaluation of the Caravel-1 exploration well in New Zealand&rsquo;s Canterbury Basin has deemed it uncommercial. As a result, an additional $41 million in expenditure relating to the well is likely to be expensed. </p> <p><em>NOTE: The report does not cover other areas of the integrated energy businesses undertaken by Origin, including electricity generation, energy retailing, non- hydrocarbon development activity or its subsidiary, New Zealand&rsquo;s Contact Energy. </em></p> <p>Read the full <a href="http://www.originenergy.com.au/news/files/asx_june_2014_quarterly_production_report_consolidated_31072014_final.pdf" target="_blank" class="gact gact-download">Quarterly Production Report</a> (296KB)</p> <p>Read the full <a href="http://www.originenergy.com.au/news/files/asx_origin_energy_2014_annual_reserves_report.pdf" target="_blank" class="gact gact-download">Annual Reserves Report</a> (177KB)</p> <p><strong>For further information please contact:</strong></p> <table border="0" cellspacing="4" cellpadding="0"> <tbody> <tr> <td><p><strong>Media</strong><br/> Stephen Ellaway<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 2 9375 5834</span><br/> Mobile: <span class="phone">+61 417 851 287</span></p></td> <td><p><strong>Investors</strong><br/> David Moon<br/> Group Manager, Investor Relations<br/> Ph: <span class="phone">+61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 437 039 310</span></p></td> </tr> </tbody> </table> <div style="font-size: 80%"> <p><strong>About Origin Energy</strong></p> <p>Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, a leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin is also a major operator and participant in petroleum exploration acreage in New Zealand.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au" target="_blank">www.originenergy.com.au</a></p> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1593" alt="" /></p> Contact Energy Limited - 2014 Annual Meeting and Director Nominations http://www.originenergy.com.au/news/article/rss/all/1592 http://www.originenergy.com.au/news/article/rss/all/1592 Thu, 31 Jul 2014 01:49:25 GMT <p>Contact Energy Limited advises that its Annual Meeting will be held at the InterContinental Wellington on Tuesday, 14 October 2014. The time and other details relating to the meeting will be advised in the Notice of Meeting to be sent to all shareholders.</p> <p>The closing date for director nominations is Monday, 18 August 2014. All nominations must be received by 5.00pm on the closing date.</p> <p>Nominations must be made by a security holder entitled to attend and vote at the meeting, and be accompanied by the consent in writing of the person nominated.</p> <p>Any nominations should be directed to the General Counsel at Contact Energy Limited, PO Box 10742, The Terrace, Wellington 6143 or by facsimile to + 64 4 499 4003.</p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1592" alt="" /></p> Contact Energy Monthly Operational Data June 2014 http://www.originenergy.com.au/news/article/rss/all/1591 http://www.originenergy.com.au/news/article/rss/all/1591 Mon, 28 Jul 2014 06:22:01 GMT <p>Attached herewith is a copy of an announcement released to the NZX by Contact Energy today.</p> <p>Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.</p> <p><a href="http://www.originenergy.com.au/news/files/CEN_monthly_operational_data_june_2014.pdf" target="_blank" class="link_pdf">Download full report</a> (154KB)</p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1591" alt="" /></p> Origin will deliver carbon benefit to households http://www.originenergy.com.au/news/article/rss/all/1590 http://www.originenergy.com.au/news/article/rss/all/1590 Thu, 17 Jul 2014 02:41:11 GMT <p>Origin Energy Limited (Origin) today welcomed the removal of uncertainty over implementation of the federal government's policy to repeal the carbon price.</p> <p>Origin CEO Energy Markets, Mr Frank Calabria said, &ldquo;The carbon price repeal has now been confirmed and Origin is already working to deliver the benefits to our 4.3 million customers.</p> <p>&ldquo;Origin has started a program to update its billing systems with revised usage charges that exclude the carbon price. Customers will start seeing the new prices on their household energy bills from September, and these will be backdated to 1 July,&rdquo; Mr Calabria said.</p> <p>The same methods used to include carbon in household bills before repeal will be used to remove it, and we've followed the advice of energy industry regulators in areas where they set the carbon price.</p> <p>Customer savings on household energy bills will vary. Our initial modelling estimates savings for an average Origin household energy bill, weighted across our entire customer base, of around 7 per cent for electricity and 5 per cent for gas, but individual households will save more or less depending on their location, tariff type and how much energy they use. The actual averages, nationally and by state, will be published on our website when available.</p> <p>Energy prices for business and commercial users will be subject to the repeal legislation and contractual arrangements with Origin.</p> <br /> <p>For further information please contact:</p> <div class="row"> <div class="large-6 column"> <p><strong>Media</strong><br /> Lina Melero<br /> General Manager, External Affairs<br /> Ph: +61 2 8345 5217<br /> Mobile: +61 427 017 798</p> </div> <div class="large-6 column"> <p><strong>Investors</strong><br /> Peter Rice<br /> General Manager, Capital Markets<br /> Ph: +61 2 8345 5308<br /> Mobile: +61 417 230 306</p> </div> </div> <br /> <div class="terms"> <p><strong>About Origin Energy</strong></p> <p>Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the Company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, a leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin is also a major operator and participant in petroleum exploration acreage in New Zealand.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au">www.originenergy.com.au</a></p> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1590" alt="" /></p> Australia Pacific LNG shows strong progress as key milestones achieved http://www.originenergy.com.au/news/article/rss/all/1588 http://www.originenergy.com.au/news/article/rss/all/1588 Fri, 04 Jul 2014 06:00:37 GMT <p>Three key milestones have been met by Australia Pacific LNG in recent weeks representing strong progress across the breadth of the CSG-LNG project.</p> <p>Hydrotesting of LNG tanks on Curtis Island has commenced, construction of the main gas transmission pipeline has been completed, and the gas from the recently commissioned Condabri Central gas processing facility is now being delivered into the gas network.</p> <p>Page Maxson, Australia Pacific LNG CEO said: &ldquo;These three milestones mark very definitive steps in the progress we are making in the gas fields, on the pipeline and at the LNG facility on Curtis Island.&rdquo;</p> <p>On Curtis Island, the first of the LNG tanks commenced hydrotesting, a process that takes up to 26 days per tank and requires filling the tanks with water to test its ability to hold its weight.</p> <p>&ldquo;Testing the integrity, quality and stability of the LNG storage tanks is a crucial part of ensuring they are ready to receive the first LNG, and we are pleased that our tank construction has reached this point,&rdquo; Mr Maxson said.</p> <p>Construction of the main high pressure gas transmission pipeline was safely and successfully completed and it is now being progressively placed into service.</p> <p>&ldquo;The pipeline is a critical piece of infrastructure linking the gas fields with the LNG facility. That we have now completed 530km of pipeline construction, with a relentless focus on personal and process safety, is a significant milestone,&rdquo; Mr Maxson said.</p> <p>Following construction and commissioning in June, gas from Condabri Central Train 1 is now being delivered into the domestic gas network together with gas from Australia Pacific LNG's existing Spring Gully and Talinga facilities. Condabri Central is the first of seven new gas processing facilities being constructed.</p> <p>These construction milestones play a critical role in the delivery of first LNG exports in mid 2015, with gas from Condabri Central delivered to Curtis Island through the pipeline system where it will be liquefied and shipped to Asia.</p> <p><strong>For further information please contact:</strong></p> <p>Fiona McLeod, Australia Pacific LNG External Affairs Manager &ndash; 0409 087 534</p> <p>Chris Zipf, Senior Communication Manager, Origin &ndash; 0429 078 331</p> <div class="terms"> <p><strong>About Australia Pacific LNG</strong></p> <p>Australia Pacific LNG Pty Limited is an incorporated joint venture between Origin Energy Limited (37.5%), ConocoPhillips (37.5%) and Sinopec (25%). The Australia Pacific LNG project includes the development of Australia Pacific LNG's substantial coal seam gas resources in the Surat and Bowen Basins, a 530 km transmission pipeline, and a multi-train LNG facility on Curtis Island, near Gladstone. <a href="http://www.aplng.com.au" target="_blank">www.aplng.com.au</a></p> </div> <p><em>Editor's note:</em> The following images are available on request</p> <p><img src="http://www.originenergy.com.au/files/media-aplng-storage-tanks-352x264.jpg" alt="Australia Pacific LNG tanks on Curtis Island" width="352" height="264" /></p> <p>Australia Pacific LNG tanks under construction on Curtis Island</p> <p><img src="http://www.originenergy.com.au/files/media-aplng-jim-cresham-264x352.jpg" alt="Jim Cresham" width="264" height="352" /></p> <p>Jim Cresham undertakes the final weld on the Australia Pacific LNG main pipeline</p> <p><img src="http://www.originenergy.com.au/files/media-aplng-condabri-central-352x264.jpg" alt="Australia Pacific LNG Condabri Central Gas Processing Facility" width="352" height="264" /></p> <p>Australia Pacific LNG Condabri Central Gas Processing Facility, near Miles</p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1588" alt="" /></p> Stay warm without cooking your bill this winter http://www.originenergy.com.au/news/article/rss/all/1587 http://www.originenergy.com.au/news/article/rss/all/1587 Wed, 02 Jul 2014 01:16:32 GMT <div class="row"> <div class="large-8 column"> <p>Winter is a time when we all like to be warm and cozy indoors, but over-reliance on heaters can quickly burn through your budget. The good news is that it's possible to save energy and money whilst still being comfortable this winter by making some simple adjustments.</p> <p>Origin's Energy Expert, Anne Armansin says, &ldquo;The most important things to focus on are when and how you choose to heat your home &ndash; whether you've pulled the curtains and plugged the draughty spaces; the heating systems you choose to use; how high you crank the thermostat setting and also whether you use programmable functions like timers.&rdquo;</p> </div> <div class="large-4 column"> <p><img src="http://www.originenergy.com.au/files/media-anne-armansin-228x192.jpg" alt="Anne Armansin" width="228" height="192" border="0" /></p> </div> </div> <h2>Choose heating systems wisely</h2> <ul> <li>Air conditioners which have a reverse cycle option can be up to five times more efficient than electric heaters. You could save between $160 and $280 over winter depending on which state you live in<sup>1</sup>.</li> <li>Portable electric heaters chew through energy. Just a small unit running for seven hours a day over winter could cost you up to $350 dollars! Try a gas heater instead of an electric one and you could save an average of $222<sup>2</sup>.</li> <li>If you have ceiling fans, you can reverse the blade rotation direction to force warm air away from the ceiling and back to you. It's much cheaper to run a fan than a heater.</li> </ul> <h2>Set house rules</h2> <ul> <li>Don't get into the habit of just switching the heater on when you're home, instead set some house rules regarding heater use. For example <em>&ldquo;At my house we only use the heater on days when the temperature hits 15&deg;C or less&rdquo;</em>.</li> <li>Set your heating thermostats so they don't go higher than 20&deg;C. Each degree of extra heating will increase your energy consumption by up to 10 per cent after that.</li> <li>This sounds like a no-brainer, and it should be; if you're out of the room for more than an hour turn the heaters off.</li> </ul> <h2>Heat yourself rather than a space</h2> <ul> <li>Layer up when you're in the house</li> <li>Electric throw rugs use a maximum of 150 Watts and are great for when you're watching TV or working at your desk.</li> <li>Use electric blankets rather than heating bedrooms, they use much less energy.</li> </ul> <h2>Buying new?</h2> <ul> <li>Do your homework first. Most new gas and electric duct units can either heat the whole house, part of the house or selected areas and most new heaters have thermostatic controls and timers you can programme which both cut back energy consumption.</li> <li>Older units without timer and thermostat functions are likely to cost at least 50% more to operate as their elements, compressors or burners run continuously while the units are on.</li> </ul> <p>For more information and useful heating tips visit <a href="http://www.originenergy.com.au/3265">www.originenergy.com.au/3265/Heating-and-cooling</a> or <a href="http://www.originenergy.com.au/energyexplorer">www.originenergy.com.au/energyexplorer</a></p> <p>For Origin Winter Energy Tips media enquiries or to arrange an interview with Anne Armansin, please contact:</p> <p>Stuart Osbourne<br /> Origin Energy<br /> T 03 9652 5781/0427 586 401 <br /> E <a href="mailto:stuart.osbourne@originenergy.com.au">stuart.osbourne@originenergy.com.au</a></p> <br /> <hr /> <br /> <div class="terms"> <p><sup>1</sup> Based on a 3 star 2.5 kW reverse cycle air conditioner vs. a 2.4 kW portable heater both running at 70% capacity for 7 hrs on 90 cold days in VIC and SA; 80 cold days in NSW and 65 cold days in QLD, on domestic peak tariff.</p> <p><sup>2</sup> Based on a 2.4 kW heater (which may be very small in size) operating for 7 hours a day over 90 cold days in SA; 90 cold days in VIC; 80 cold days in NSW; and 65 cold days QLD.</p> <br /> <p><strong>About Origin Energy:</strong></p> <p>Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with 6,010 MW of capacity. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec,</p> <p>Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, the country's leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin also operates several oil and gas projects in New Zealand and is one of the largest holders of petroleum exploration acreage in the country.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="/">www.originenergy.com.au</a></p> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1587" alt="" /></p> Update on exploration permits WA-315-P and WA-398-P http://www.originenergy.com.au/news/article/rss/all/1586 http://www.originenergy.com.au/news/article/rss/all/1586 Tue, 01 Jul 2014 00:10:04 GMT <p>Origin Energy Limited (Origin) announces that Karoon Gas (Karoon) has advised that PetroChina and ConocoPhillips have not exercised their pre-emption rights in relation to Karoon's sale of its 40 per cent interest in exploration permits, WA-315-P and WA-398-P, to Origin. </p> <p> ConocoPhillips and PetroChina, who hold 40 per cent and 20 per cent interests in the permits respectively, held pre-emption rights for a limited period expiring 30 June 2014.</p> <p> Subject to the satisfaction of other conditions precedent and appropriate regulatory approvals, Origin's acquisition of Karoon's interest in the permits is expected to be completed in one to two months.</p> <p>For further information please contact:</p> <table border="0" cellspacing="4" cellpadding="0"> <tr> <td> <p><strong>Media</strong><br/> Stephen Ellaway<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 2 9375 5834</span><br/> Mobile: <span class="phone">+61 417 851 287</span></p> </td> <td> <p><strong>Investors</strong><br/> David Moon<br/> Group Manager, Investor Relations<br/> Ph: <span class="phone">+61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 437 039 310</span></p> </td> </tr> </table> <div style="font-size: 80%" class="newsroom_about_origin"> <p><strong>About Origin Energy</strong><br /> Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 5,800 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with approximately 5,900 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, the country's leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin also operates several oil and gas projects in New Zealand and is one of the largest holders of petroleum exploration acreage in the country.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au">www.originenergy.com.au</a>.</p> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1586" alt="" /></p> Contact agrees to extend Te Rapa energy supply contract http://www.originenergy.com.au/news/article/rss/all/1585 http://www.originenergy.com.au/news/article/rss/all/1585 Wed, 25 Jun 2014 00:34:20 GMT <p>Contact Energy Limited (Contact) announced today that it has reached agreement to supply Fonterra with steam and electricity from the Te Rapa cogeneration plant for a term of eight years commencing 1 July 2015. Contact has supplied steam and electricity to Fonterra from the Te Rapa cogeneration plant since 1999.</p> <p>In a related but separate agreement, Contact will buy gas from Genesis Energy. Contact will buy 27 petajoules of gas over the term of the Genesis gas supply agreement, commencing 1 January 2015.</p> <p>Contact's General Manager Trading, Development and Geothermal Resources, James Kilty, said "it is good to have completed this long term extension of the energy supply contract. We are pleased to extend our close relationship with Fonterra and continue the safe and reliable operation of the cogeneration plant which is vital to Fonterra's operations at Te Rapa. Completing the supporting gas purchase with Genesis Energy is a significant step for Contact as we contemplate our future gas purchase needs."</p> <br/> <table border="0" cellspacing="4" cellpadding="0"> <tr> <td> <p><strong>Investor enquiries</strong></p> <p><strong>Fraser Gardiner</strong><br/> Ph: <span class="phone">021 228 3688</span></p> </td> <td> <p><strong>Media enquiries</strong></p> <p><strong>Shaun Jones</strong><br/> Ph: <span class="phone">021 204 4521</span></p> </td> </tr> </table><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1585" alt="" /></p> Origin Energy Subordinated Notes - Interest Rate http://www.originenergy.com.au/news/article/rss/all/1584 http://www.originenergy.com.au/news/article/rss/all/1584 Mon, 23 Jun 2014 22:55:41 GMT <p>Origin Energy Limited (Origin) advises that the Interest Rate in respect of the Origin Energy Subordinated Notes (Notes) for the Interest Period commencing on 23 June 2014 and ending on 21 September 2014 is 6.71% per annum.</p> <p>The Interest Rate is calculated as the Bank Bill Rate on 23 June 2014 of 2.71% plus the Margin of 4.00%.</p> <p>The Interest Payment will be made on 22 September 2014, unless it is optionally or mandatorily deferred in accordance with the terms of the Notes.</p> <p>The table below outlines the key dates and the Interest Payment for the next Interest Period.</p> <table> <thead> <tr> <th>Interest Payment Date</th> <th>Record Date</th> <th>Ex-Date</th> <th>No. of Days in Interest period</th> <th>Interest Rate</th> <th>Interest Payment per Note</th> </tr> </thead> <tr> <td>22 September 2014</td> <td>12 September 2014</td> <td>10 September 2014</td> <td>91</td> <td>6.71%</td> <td>$1.67</td> </tr> </table> <p>Unless otherwise defined in this notice, capitalised terms used in this notice have the same meaning as defined in the Origin Energy Subordinated Notes Terms.</p> <p>For further information please contact:</p> <table border="0" cellspacing="4" cellpadding="0"> <tr> <td> <p><strong>Media</strong><br/> Stephen Ellaway<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 2 9375 5834</span><br/> Mobile: <span class="phone">+61 417 851 287</span></p> </td> <td> <p><strong>Investors</strong><br/> David Moon<br/> Group Manager, Investor Relations<br/> Ph: <span class="phone">+61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 437 039 310</span></p> </td> </tr> </table> <div style="font-size: 80%" class="newsroom_about_origin"> <p><strong>About Origin Energy</strong><br /> Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&amp;P/ASX 20 Index, the company has more than 5,800 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country's largest and one of the most flexible generation portfolios with approximately 5,900 MW of capacity, through either owned generation or contracted rights. Origin's strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia's largest CSG to LNG projects based on Australia's largest 2P CSG reserves base.</p> <p>In New Zealand, Origin is the major shareholder in Contact Energy, the country's leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin also operates several oil and gas projects in New Zealand and is one of the largest holders of petroleum exploration acreage in the country.</p> <p>Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.</p> <p>For more information go to <a href="http://www.originenergy.com.au">www.originenergy.com.au</a>.</p> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1584" alt="" /></p>