Origin Energy news http://www.originenergy.com.au/news/feed/all.xml Origin Energy news en-us Mon, 22 Dec 2014 03:42:00 +1030 CEN Monthly Operational Data November 2014 http://www.originenergy.com.au/news/article/rss/all/1629 http://www.originenergy.com.au/news/article/rss/all/1629 Thu, 18 Dec 2014 22:40:58 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/19Dec14_Monthly_Operational_Data_November_2014.pdf" target="_blank" class="link_pdf gact gact-download">Download full report<span class="link_pdf"></span></a></p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1629" alt="" /></p> Another milestone achieved in BassGas MLE project http://www.originenergy.com.au/news/article/rss/all/1627 http://www.originenergy.com.au/news/article/rss/all/1627 Mon, 15 Dec 2014 22:54:48 GMT <p>Origin Energy Limited (Origin), as Operator of the BassGas Joint Venture, has confirmed that another milestone has been achieved in the BassGas Mid Life Enhancement (MLE) project, with the successful lift of the export compression and condensate pumping modules into place on the Yolla offshore platform. </p> <p>The lift was completed safely during a planned maintenance shutdown from 24 November 2014 by the specialist heavy lift vessel, the Sapura 3000, with the vessel released Friday 12 December 2014. BassGas is due to recommence production in late December. </p> <p>Origin Chief Executive Officer Upstream, Mr Paul Zealand said, "We are pleased to have safely completed the module lift, which is an important first step in Stage 2 of the BassGas MLE project aiming to extend the production life of the Yolla field. The team is now focussed on preparations for drilling the Yolla-5 and Yolla-6 wells, including the arrival of the drill rig, the West Telesto, with the drilling operation expected to begin in the New Year." </p> <p>Once the Yolla-5 and Yolla-6 wells are drilled and tied in, they will extend production from the Yolla field through the BassGas production facility at Lang Lang, Victoria. </p> <p>The Yolla Platform is located in Bass Strait, approximately 140km off shore from Kilcunda, Victoria. </p> <p><strong>BassGas Joint Venture: </strong></p> <table width="100%" border="0"> <tbody> <tr> <td width="75%">Origin Energy Resources Limited (Operator)<sup>*</sup>: </td> <td align="right">42.50%</td> </tr> <tr> <td width="75%">AWE Limited (through subsidiaries):</td> <td align="right">35.00%</td> </tr> <tr> <td width="75%">Prize Petroleum Company Limited:</td> <td align="right">11.25%</td> </tr> <tr> <td width="75%"><p>Toyota Tsusho Gas E&amp;P Trefoil Limited: <br/> (i/o Toyota Tsusho Gas E&amp;P Trefoil Limited)</p></td> <td align="right">11.25%</td> </tr> </tbody> </table> <p class="terms"> <sup>*</sup> Through its wholly owned subsidiaries </p> <p><strong>For further information please contact:</strong></p> <table style="font-family: Verdana,Arial,Helvetica,sans-serif; font-size: 12px; width: 100%;" border="0" cellspacing="4" cellpadding="0"> <tr> <td><p><strong>Media</strong><br/> Anneliis Allen<br/> Senior External Affairs Manager<br/> Ph:<span class="phone">+61 2 8345 5119</span><br/> Mobile: <span class="phone">+61 428 967 166 </span></p></td> <td><p><strong>Investors</strong><br/> Chau Le<br/> Group Manager, Investor Relations<br/> Ph: <span class="phone">+61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 467 799 642</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> </div> <p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1627" alt="" /></p> Update on Amended Loan Facilities and APLNG http://www.originenergy.com.au/news/article/rss/all/1626 http://www.originenergy.com.au/news/article/rss/all/1626 Wed, 10 Dec 2014 23:34:31 GMT <h2>Origin completes amendment of syndicated loan facilities to reduce interest cost and extend maturities</h2> <p>Origin Energy Limited (Origin) today announced the successful amendment of its existing $6.6 billion syndicated loan facilities to reduce the interest rate margin, extend the maturity, and increase the limit of the facilities by $750 million to $7.4 billion. The amendment of these facilities was negotiated with a syndicate of domestic and international banks.</p> <p>The interest cost of the bank loan facilities has been reduced by 0.30 per cent per annum and flexibility has been added with increased US dollar drawdown capability.</p> <p>The tenors of the bank loan facilities, which were originally four and five years, have been extended by 16 months to December 2018 and December 2019 respectively.</p> <p>Origin Executive Director, Finance and Strategy, Ms Karen Moses said, "This amendment to extend the Company's debt maturity profile and lower interest costs is timed to benefit from favourable bank loan market conditions and provide further financial flexibility.</p> <p>"Given the attractive funding costs we saw it as prudent to take the opportunity to add to the existing facilities, further supporting a conservative liquidity buffer through start up of Australia Pacific LNG's first and second train. The successful amendment demonstrates ongoing support for Origin by domestic and international banks."</p> <p>ANZ, Commonwealth Bank of Australia, Mizuho and the National Australia Bank acted as Coordinating Mandated Lead Arrangers and Bookrunners on the transaction.</p> <p><a href="http://www.originenergy.com.au/news/files/investor-presentation_update-on-amended-loan-facilities-and-aplng.pdf" class="link_pdf" target="_blank">View the <em>Investor Presentation - Update on Amended Loan Facilities and APLNG</em></a> (182KB)</p> <br /> <p><strong>For further information please contact:</strong></p> <table border="0" cellspacing="4" cellpadding="0"> <tr> <td> <p><strong>Media</strong><br/> Anneliis Allen<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 2 8345 5119</span><br/> Mobile: <span class="phone">+61 428 967 166</span></p> </td> <td> <p><strong>Investors</strong><br/> Chau Le<br/> Group Manager, Investor Relations<br/> Ph: <span class="phone">+61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 467 799 642</span></p> </td> </tr> </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 approximately 6,700 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 one of the country's largest and 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 totalling 2,359 MW and servicing approximately 568,000 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" 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=1626" alt="" /></p> Origin confirms new gas discovery offshore Victoria http://www.originenergy.com.au/news/article/rss/all/1625 http://www.originenergy.com.au/news/article/rss/all/1625 Mon, 08 Dec 2014 22:34:24 GMT <p>Origin Energy (Origin) has confirmed its Speculant-1 exploration well discovered potentially commercial quantities of gas in Waarre Formation reservoirs in the Otway Basin, offshore Victoria, within the Origin operated VIC/L1(v) permit.</p> <p>The Speculant discovery is a tilted fault block structure covering over 7km<sup>2</sup> in a nearshore section off the Otway coast, and sits immediately north of the Halladale and Black Watch fields previously discovered by Origin in 2006.</p> <p>Origin Chief Executive Officer Upstream, Mr Paul Zealand said, "We are pleased to have discovered new gas resources in the Otway Basin, an area in which we have a long history of operating. We look foward to completing further evaluation of the resource, as we seek to continue to expand our gas portfolio in order to meet growing demand for gas."&#157;</p> <p>Logging While Drilling (LWD) data acquired during the drilling of the well indicates the presence of potentially commercial quantities of gas within excellent quality sands of the Waarre Formation. This formation contains sands over a gross interval of approximately 100m vertical thickness.</p> <p>Wireline formation pressure data has confirmed the presence of a gas column of approximately 145m within the Waarre C formation. Further evaluation of secondary targets are currently underway.</p> <p>The Speculant-1 exploration well spudded at 04.00 hours EST on 23 September 2014.</p> <p><strong>Well type and location</strong></p> <p>The Speculant-1 well is situated approximately 3km off the southern Victorian coastline, about 30km south east of Warrnambool. Extended reach drilling technology is being employed to access offshore gas reservoirs. The well is being drilled using the rig Ensign 931 in conjunction with the development drilling of the Halladale field.</p> <br /> <p><strong>For further information please contact:</strong></p> <table border="0" cellspacing="4" cellpadding="0"> <tr> <td> <p><strong>Media</strong><br/> Anneliis Allen<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 2 8345 5119</span><br/> Mobile: <span class="phone">+61 428 967 166</span></p> </td> <td> <p><strong>Investors</strong><br/> Chau Le<br/> Group Manager, Investor Relations<br/> Ph: <span class="phone">+61 2 9375 5816</span><br/> Mobile: <span class="phone">+61 467 799 642</span></p> </td> </tr> </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 approximately 6,700 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 one of the country's largest and 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 totalling 2,359 MW and servicing approximately 568,000 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" 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=1625" alt="" /></p> Origin and NSW SES join forces to recruit next generation of volunteers http://www.originenergy.com.au/news/article/rss/all/1623 http://www.originenergy.com.au/news/article/rss/all/1623 Fri, 05 Dec 2014 05:22:29 GMT <p>More Australians are set to don the NSW SES's iconic orange overalls as Origin partners with the organisation to 'power up' a new wave of volunteers.</p> <p>Announced to coincide with International Volunteers Day, the partnership will focus on rewarding, recognising and recruiting NSW SES volunteers &ndash; the lifeblood of the organisation.</p> <p>In the past year, NSW SES volunteers contributed over 260,000 hours to help the people of NSW in times of need. This included attending 16,484 storm and flood jobs, responding to 604 road crashes and helping the NSW Rural Fire Service with 851 bushfire support tasks.</p> <p>"At Origin, we recognize what a hugely positive difference the NSW SES makes", said Origin Executive General Manager, Phil Craig.</p> <p>"When disaster strikes, including the disruption of essential services like electricity and gas, the NSW SES volunteers are usually among the first on the ground to lend assistance. Almost half of all homes and businesses in NSW get their energy from Origin, so it's a natural fit that we would support the State Emergency Services."</p> <p>As Community Partner, Origin will help enlist the next generation of volunteers by supporting the NSW SES Cadet Program, which provides secondary school students with the leadership and life skills required to make a difference in the community.</p> <p>The primary goal of the Cadet Program is to educate young Australians about team work, communication and the importance of volunteering with the hope they may graduate to become the future men and women in orange.</p> <p>"This is a welcome partnership between the NSW SES and Origin, which will see the next generation of NSW SES volunteers providing an invaluable service to their communities," said Minister for Police and Emergency Services, Stuart Ayres.</p> <p>"The NSW Government is committed to supporting programs like these which provide opportunities for young people. It is through these initiatives that we may see the leaders of tomorrow come to the fore," Minister Ayres added.</p> <p>"As populations continue to grow, we will see the need for more volunteers so we're very pleased to have Origin help us with recruitment initiatives," said NSW SES Acting Commissioner, Jim Smith. "Our organisation is made up predominantly of volunteers so partnering with Origin in this way will help sustain our volunteer numbers into the future."</p> <p>"We want to help educate secondary school students about the benefits of being part of a community organisation such as the NSW SES from a young age," Mr Smith said.</p> <p>In NSW, the volunteer rate for those aged between 18 and 24 years is only 27 per cent. This is the lowest rate for any age group, except for the 65 and over category, which is 25 per cent.</p> <p>Research shows that younger volunteers are more inclined to dedicate their time to sport and physical recreation and it's not until they're older that they are more likely to become involved in community groups such as the NSW SES.</p> <p>To find out how to become a volunteer with the NSW SES visit <a href="http://www.ses.nsw.gov.au/ " target="_blank" class="link_ext">http://www.ses.nsw.gov.au/</a>.</p> <p><img src="http://www.originenergy.com.au/files/NSW_SES_volunteers.jpg" alt="NSW SES volunteers" /></p> <p><strong>For further information please contact:</strong></p> <p>Amy Stockfeld<br /> National Campaigns &amp; Partnerships Manager Origin<br /> Phone: 03 9652 5418 / 0429 381 463</p> <p>NSW SES Media: (02) 4225 7500</p> <p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1623" alt="" /></p> Grant King's presentation to the American Chamber of Commerce http://www.originenergy.com.au/news/article/rss/all/1624 http://www.originenergy.com.au/news/article/rss/all/1624 Fri, 05 Dec 2014 03:00:52 GMT <p>Download Managing Director Grant King's presentation to the American Chamber of Commerce, "Laggards or Leaders? Global Energy Security, Affordability and Sustainability"&#157; <a href="http://www.originenergy.com.au/news/files/Global_Energy_Security_Affordability_Sustainability_Dec_2014.pdf" target="_blank">here</a>.</p> <p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1624" alt="" /></p> Men choose gifts that won't put them in the dog house this Christmas http://www.originenergy.com.au/news/article/rss/all/1622 http://www.originenergy.com.au/news/article/rss/all/1622 Tue, 02 Dec 2014 05:59:39 GMT <p>Origin Energy and Ipsos Research Australia has today launched the latest Origin Energy Essentials Report - the Gadget Gifting Guide. The guide reveals the types of electrical devices Australians would like to see under their trees this Christmas, versus those we might actually receive.</p> <p>"By revealing the devices that are topping wish lists this festive season, the Origin Gadget Gifting Guide could prove helpful to those struggling to decide which gadgets they should be buying for whom," said Anne Armansin, Energy Expert, Origin.</p> <p>The report also unearths insights and trends about the process Australians undergo when researching and shopping for electrical appliances as gifts, including uncovering some significant differences between genders and generations.</p> <p>Key findings include:</p> <ul> <li><strong>Men in tune with women's beauty needs</strong>: Almost 1 in 4 women have hair and beauty appliances on their wish lists - the good news is that almost 1 in 4 men plan to buy them</li> <li><strong>Men not far off in the kitchen</strong>: Kitchen appliances are among those most wanted by women this Christmas (24 per cent) but almost as many men are planning to buy them (19 per cent) </li> <li><strong>Some men likely to be disappointed</strong>: More than 1 in 4 men would like games or gaming consoles for Christmas, but some may end up being disappointed as children are expected to be the leading recipients of games and gaming consoles</li> <li><strong>Smartphones and tablets most wanted gadgets</strong>: Almost 1 in 3 people want a personal electronic device, however we're more likely to find gaming consoles under the Christmas tree </li> <li><strong>We're flocking online to research</strong>: More than 4 in 5 Australians plan to research gadget gift ideas online before buying and almost 2 in 3 won't purchase before reading an online review.&#160; 25 to 34 year olds are the age group most likely trust social media reviews over salespeople</li> <li><strong>Disorganised males</strong>: Men are the greatest offenders in leaving shopping for electrical gifts to the last minute and more than 1 in 4 even admit to leaving it until Christmas Eve!</li> <li><strong>Bucking the brand trend</strong>: Despite younger generations being perceived as brand-a-holics, only 3 per cent of those aged 18 to 24 are most concerned with brand when buying gadgets as gifts.</li> </ul> <p>Dr. Rebecca Huntley, Director of Ipsos Research Australia, which partnered with Origin on the report, said men tend to opt for hair and beauty over kitchen appliances for the women in their lives because they are trying to keep out of trouble.</p> <p><img src="http://www.originenergy.com.au/files/Infographic_1_Origin_Gadget_Gifting_Guide_infographic_Orange.jpg" alt="infographic" /></p> <p>"Men may feel that a blender or thermomix is associated with chores and therefore not special or romantic enough, whereas hair and beauty appliances are a more personal gift," she said.</p> <p>It's not just the men who have an agenda when it comes to giving gadgets for Christmas. </p> <p>"The report reveals men want gaming consoles for Christmas, but in our qualitative research I've heard women complain that gaming can distract their husbands from spending time with the family and doing their bit around the house, so women often prefer to give other gifts instead," said Ms Huntley.</p> <p>"The results also show just how crucial research is in the purchase of electrical devices, with more than 80% of people conducting research prior to making a purchase and more than two in three consulting online reviews."</p> <p>Origin's Anne Armansin said that energy is an essential part of our everyday lives, but one that we don't often think about when it comes to giving gadgets at Christmas time, despite the trend towards doing so.</p> <p>"With Australians set to spend big on electrical gifts this Christmas, we want to help people choose devices that will not only be unwrapped with joy, but also the brands and models that are reliable and energy efficient for their lucky loved ones," said Anne.</p> <p>Some simple tips from Anne include allowing time to do your research and getting your shopping done well ahead of the Christmas Eve rush.</p> <p>"Research is critical to making informed decisions about the most suitable brands and models for electronic devices, so it's encouraging to see many Australians are planning to spend time reading reviews, consulting online forums and trawling through their Facebook feeds before opening their wallets this Christmas," she said.</p> <p>A summary of findings from the Origin Energy Essentials Report - the Gadget Gifting Guide can be found in the <a href="http://www.originenergy.com.au/news/files/Origin_Gadget_Gifting_Guide_-_fact_sheet.pdf" target="_blank">attached fact sheet</a>, with the full report available for download <a href="http://www.originenergy.com.au/news/files/Origin_Gadget_Gifting_Guide.pdf" target="_blank">here</a>.</p> <p>The inaugural Origin Energy Essentials Report released in May 2014 is also available for download <a href="http://www.originenergy.com.au/news/files/origin-energy-essentials-report-may-2014.pdf" target="_blank">here</a>.</p> <p><img src="http://www.originenergy.com.au/files/Infographic_2_Origin_Gadget_Gifting_Guide_-_Profiles.jpg" alt="infographic" /></p> <p class="terms"><strong>Note</strong>: This research was completed by Nature Research between 17 October and 26 October 2014 via an online survey and included a sample of 1,011 Australian residents that take part in Christmas celebrations, nationally respresentative in location, age and gender.</p> <p><strong>For further information, please contact Origin External Affairs:</strong></p> <table width="100%" border="0"> <tbody> <tr> <td>Stuart Osbourne&#160;&#160;&#160;</td> <td> Taegan Munro</td> </tr> <tr> <td>Ph: +61 3 9652 5781&#160;&#160;&#160;</td> <td>Ph: +61 3 8665 7318</td> </tr> <tr> <td>Mobile: +61 427 586 401</td> <td>Mobile: + 61 455 097 908</td> </tr> </tbody> </table><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1622" alt="" /></p> CEN Monthly Operational Data October 2014 http://www.originenergy.com.au/news/article/rss/all/1621 http://www.originenergy.com.au/news/article/rss/all/1621 Thu, 13 Nov 2014 23:58:47 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/14Nov14_Monthly_Operational_Data_October_2014.pdf" target="_blank" class="link_pdf gact gact-download">Download full report<span class="link_pdf"></span></a></p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1621" alt="" /></p> Getting the balance right - linking GDP and Emissions in addressing Climate Change http://www.originenergy.com.au/news/article/rss/all/1619 http://www.originenergy.com.au/news/article/rss/all/1619 Wed, 12 Nov 2014 00:41:30 GMT Origin Australia Pacific LNG Site Tour Presentation http://www.originenergy.com.au/news/article/rss/all/1618 http://www.originenergy.com.au/news/article/rss/all/1618 Thu, 30 Oct 2014 00:06:04 GMT <p>Presented by David Baldwin, Chief Executive Officer LNG<br/> 30-31 October 2014</p> <p><a href="http://www.originenergy.com.au/news/files/ORG_APLNG_Site_Tour_Presentation.pdf">Download the full presentation (PDF, 6.3MB)</a></p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1618" alt="" /></p> Quarterly Production Report http://www.originenergy.com.au/news/article/rss/all/1617 http://www.originenergy.com.au/news/article/rss/all/1617 Wed, 29 Oct 2014 22:40:38 GMT <p>Origin Energy Limited (Origin) today released the Quarterly Production Report for its Exploration and Production business for the quarter to 30 September 2014, reporting production of 34.9 petajoules equivalent (PJe) and sales revenue of $251.1 million.</p> <p>Production of 34.9 PJe in the September Quarter 2014 was in line with the June Quarter 2014, reflecting Origin's lower call on production at Otway and lower customer nominations at Kupe, offset by higher production at the Cooper Basin and Australia Pacific LNG. Sales revenue decreased by 11 per cent compared to the previous quarter reflecting the timing of product liftings, lower third party sales volumes and a lower average commodity price.</p> <p>When compared to the corresponding September Quarter in 2013, production is down 7 per cent reflecting lower contributions from Otway, BassGas and Kupe, partially offset by Australia Pacific LNG following the commencement of production at Kenya East and Condabri in May 2014 and June 2014 respectively. Sales revenue decreased by 18 per cent reflecting lower production, the timing of product liftings and a lower average commodity price.</p> <p>Origin Chief Executive Officer Upstream, Mr Paul Zealand said, "Origin's production volumes during the quarter reflected the anticipated lower call on production. In order to benefit from the availability of additional LNG ramp gas, Origin will maintain a degree of flexibility through its nominations into the 2015 financial year."</p> <p>In reporting on the progress of the Australia Pacific LNG project, Origin Chief Executive Officer LNG, Mr David Baldwin said, "Pleasingly, the project is on track for first LNG in mid-2015 with full production expected from both trains by the end of FY2016."</p> <p>The Upstream component of the project is 85 per cent complete at 30 September 2014. Australia Pacific LNG drilled 166 development wells, bringing the total number of development wells drilled to 985 at 30 September 2014. Approximately 70 wells per month are now being commissioned on an ongoing basis.</p> <p>Reedy Creek Train 1 and 2, Orana Train 1 and 2 and Condabri South Train 2 Gas Processing Facilities achieved mechanical completion. Gathering installation activities continued and a total of 583 diameter kilometres of pipe have now been installed. Pipeline commissioning continues to support gas facility commissioning with preparations to pack the pipeline to Curtis Island underway. Water treatment facilities at Condabri are now operational and importantly local farmers are receiving processed water to irrigate their land.</p> <p>The Downstream component is 82 per cent complete at 30 September 2014. All modules for Train 1 are set and during the quarter the Train 1 Inlet Air Chiller was installed at Curtis Island. All remaining Train 2 modules are expected to be set prior to the end of the 2014 calendar year. LNG Tanks A and B were also hydrostatically tested. Commissioning and Start-Up (CSU) activities are ramping up with the first systems turned over from construction to the CSU team.</p> <p><em>NOTE: The report does not cover other areas of the integrated energy businesses undertaken by Origin, including electricity generation, energy retailing, nonhydrocarbon development activity or its subsidiary Contact Energy of New Zealand.</em></p> <p>Read the full <a href="http://www.originenergy.com.au/news/files/APLNG_QPR_2014-10-30.pdf" target="_blank">Quarterly Production Report</a> (315KB)</p> <br /> <p><strong>For further information please contact:</strong></p> <table border="0" cellspacing="4" cellpadding="0"> <tr> <td> <p><strong>Media</strong><br/> Chris Zipf<br/> Senior External Affairs Manager<br/> Ph: <span class="phone">+61 7 3028 5398</span><br/> Mobile: <span class="phone">+61 429 078 331</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%"> <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=1617" alt="" /></p> Origin notes Tri-Star proceedings http://www.originenergy.com.au/news/article/rss/all/1616 http://www.originenergy.com.au/news/article/rss/all/1616 Tue, 28 Oct 2014 23:14:33 GMT <p>Origin notes that Tri-Star Petroleum and related companies have commenced proceedings against Australia Pacific LNG Pty Limited in the Queensland Supreme Court seeking orders that reversion has occurred in relation to certain coal seam gas tenements owned by Australia Pacific LNG.</p> <p>Rights for Tri-Star to revert to a 45% interest holder in those certain tenements were granted by Australia Pacific LNG in 2002. The rights will be triggered if the conditions set out in the 2002 agreement have been met, which require revenue to exceed agreed costs and other contributions.</p> <p>Origin is confident that reversion has not occurred.</p> <p>Australia Pacific LNG is reviewing the Statement of Claim and will respond in due course. Origin holds a 37.5% shareholding in Australia Pacific LNG.</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/> Lina Melero<br/> General Manager, External Affairs<br/> Ph: <span class="phone">+61 2 8345 5217</span><br/> Mobile: <span class="phone">+61 427 017 798</span></p></td> <td><p><strong>Investors</strong><br/> Peter Rice <br/> General Manager , Capital Markets<br/> Ph: <span class="phone">+61 2 8345 5308</span><br/> Mobile: <span class="phone">+61 417 230 306</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=1616" alt="" /></p> CEN Monthly Operational Data September 2014 http://www.originenergy.com.au/news/article/rss/all/1615 http://www.originenergy.com.au/news/article/rss/all/1615 Thu, 23 Oct 2014 00:06:21 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/23Oct14MonthlyOpDataSept2014.pdf" target="_blank" class="link_pdf gact gact-download">Download full report<span class="link_pdf"></span></a></p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1615" alt="" /></p> Origin Media Conference: Launch of Deloitte Report http://www.originenergy.com.au/news/article/rss/all/1620 http://www.originenergy.com.au/news/article/rss/all/1620 Wed, 12 Nov 2014 05:33:25 GMT