Origin Energy news http://www.originenergy.com.au/news/feed/all.xml Origin Energy news en-us Thu, 31 Jul 2014 04:39:51 +0930 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> Origin Energy Presentation at UBS Conference http://www.originenergy.com.au/news/article/rss/all/1582 http://www.originenergy.com.au/news/article/rss/all/1582 Wed, 18 Jun 2014 23:12:46 GMT <p>Please find attached a release on the above subject.</p> <p><strong><a class="link_pdf" href="http://www.originenergy.com.au/news/files/ASX_ORG_Presentation_at_UBS_Conference.pdf">Download the full presentation</a></strong></p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1582" alt="" /></p> Contact Energy Presentation at UBS Conference http://www.originenergy.com.au/news/article/rss/all/1581 http://www.originenergy.com.au/news/article/rss/all/1581 Wed, 18 Jun 2014 23:03:04 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><strong><a class="link_pdf" href="http://www.originenergy.com.au/news/files/ASX_CEN_Presentation_at_UBS_Conference.pdf">Download the full announcement</a></strong></p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1581" alt="" /></p> Contact Energy Monthly Operational Data May 2014 http://www.originenergy.com.au/news/article/rss/all/1580 http://www.originenergy.com.au/news/article/rss/all/1580 Mon, 16 Jun 2014 23:15:51 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_Monthly_Operational_Data_May_2014.pdf" target="_blank">Download the full report</a></p><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1580" alt="" /></p> Avoid scoring an own goal with your energy bill this World Cup http://www.originenergy.com.au/news/article/rss/all/1579 http://www.originenergy.com.au/news/article/rss/all/1579 Fri, 13 Jun 2014 06:03:05 GMT <p>World Cup fever is in the air and for football fans that means many sleep-deprived, late nights glued to the TV trying to stay warm and awake.</p> <p>But for those watching two live games late into the night, the estimated 128 additional hours<sup>1</sup> of TV viewing plus extra heating, use of kettles, coffee machines and mobile devices doesn't have to result in an own goal with your energy bills.</p> <p>&quot;There are some simple things householders can do to ensure they stay warm, stay energised and stay within budget during the 2014 FIFA World Cup,&quot; says Origin's Energy Expert, Anne Armansin.</p> <h3>Stay warm:</h3> <p>It may be warm in Brazil - but it is getting colder in Australia, with all the games occurring in the middle of the night when the temperature is at its lowest. Some simple tips for staying warm without blowing the budget: </p> <ul> <li>Rug up in your football jumper, a scarf and slippers Heat yourself before you heat the room - an electric throw rug will only cost you around $6 to use through the duration of the Cup.<sup>2</sup> </li> <li>If you must use a heater - don't go for the portable electric kind, they chew through energy. It will cost you nearly double to heat a room with an electric heater (around $67)<sup>3</sup> than it would with a gas heater (around $37)<sup>4</sup> for the duration of the Cup. </li> <li>A close game is a good game, so if watching the game with friends or family, sit close to them - body heat is a cheap and easy way to keep yourself and the room warm! </li> <li>Keep the heat in - shut any curtains and blinds, and close off the room you're in.</li> </ul> <h3>Set the mood:</h3> <ul> <li>If the light from the TV doesn't provide enough mood lighting for you, use compact fluorescent or LED globes in floor or table lamps. They use much less energy than standard 50 Watt halogen down lights, which could cost you up to $30 if kept on during the matches<sup>5</sup>. By comparison a compact fluorescent lamp will only set you back around $6 during the same period.</li> </ul> <h3>See the big picture:</h3> <ul> <li>If you're in the market for a new TV, or weighing up whose house to watch the game at, the latest in LED technology is the way to go. Plasmas cost more than double to run than the same sized LED version, and LCD's aren't much better, being only slightly cheaper than today's Plasmas.</li> </ul> <h3>Staying awake:</h3> <ul> <li>When making warm drinks, remember to only fill the kettle with the water you intend to use each time. Heating more water than you need is wasteful. </li> <li>Alternatively, boil the kettle once and fill a thermos - it not only saves your own energy from having to get up every half an hour...but saves on your energy bills too.</li> </ul> <p>For those not planning to give up precious hours of sleep to watch the early morning games, you can still get involved. Some less energy-intensive and more sleep-friendly options include watching live matches, highlights, news and post-mortems online on your smart phone or tablet from the warmth of your bed or when the sun has already risen!</p> <p>For more energy efficient tips during the World Cup or any other time of year, why not <a href="https://twitter.com/hashtag/AskAnne" target="_blank">#AskAnne</a> on Twitter or visit <a href="http://www.origin.com.au" target="_blank">www.origin.com.au</a></p> <ol> <li><small>Based on watching 128 hours of football (2 hours per game x 64 games)</small></li> <li><small>Based on using the appliance for 128 hours throughout the tournament</small></li> <li><small>Based on a 240 Watt heater running for 128 hours</small></li> <li><small>Based on a 11 MJ unit running for 128 hours</small></li> <li><small>Based on 2 x 50 Watt lights vs. 1 x 20 CFL used for 128 hours</small></li> </ol> <br/><br/> <h3>For further information please contact:</h3> <table border="0" cellspacing="4" cellpadding="0"> <tr> <td> <p>Stuart Osbourne<br/> External Affairs<br/> Ph: <span class="phone">+61 3 9652 5781</span><br/> Mobile: <span class="phone">+61 427 586 401</span></p> </td> </tr> </table> <br/> <h3>About Origin Energy</h3> <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, 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><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1579" alt="" /></p> Pre-conditions for sound energy policy in a period of rapid change: CEDA presentation http://www.originenergy.com.au/news/article/rss/all/1589 http://www.originenergy.com.au/news/article/rss/all/1589 Mon, 02 Jun 2014 23:01:06 GMT <div class="row"> <div class="large-4 column"> <p><img src="http://www.originenergy.com.au/files/media-frank-calabria-228x192.jpg" alt="Frank Calabria" width="228" height="192" /></p> </div> <div class="large-8 column"> <p>Origin's Chief Executive Officer Energy Markets, Frank Calabria presented at the CEDA Energy Series event on Tuesday 3 June, 2014.</p> <p><a href="http://www.originenergy.com.au/news/files/frank-calabria-ceda-speech-3-jun-2014-1.pdf" target="_blank" class="link_pdf">Download the full speech</a> (111KB).</p> </div> </div><p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1589" alt="" /></p> Origin to acquire natural gas resources in Australia's highly prospective Browse Basin http://www.originenergy.com.au/news/article/rss/all/1578 http://www.originenergy.com.au/news/article/rss/all/1578 Sun, 01 Jun 2014 23:22:08 GMT <p>Origin Energy Limited (Origin) today announced it has entered into a conditional Sale and Purchase Agreement with Karoon Gas (Karoon) to acquire its entire 40 per cent interest in two exploration permits (WA-315-P and WA-398-P) in Western Australia&rsquo;s Browse Basin (Poseidon permits). These permits contain large and prospective offshore gas fields, such as the Poseidon discovery. </p> <p>ConocoPhillips, the project operator, and PetroChina hold 40 per cent and 20 per cent interests in the permits respectively and also retain pre-emption rights for a limited period relating to the sale of Karoon&rsquo;s 40 per cent interest in the Poseidon permits. </p> <p>Following satisfaction of all conditions precedent and appropriate regulatory approvals, Origin will pay 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 will participate in the ongoing exploration and appraisal program - including the Pharos well which is currently being drilled by the joint venture - on a proportional basis to augment Poseidon&rsquo;s existing resource position. Options to monetise the Poseidon field&rsquo;s resources may include transporting natural gas to LNG production facilities in Darwin or through a standalone floating LNG facility. </p> <p>Origin will initially fund the acquisition from existing committed undrawn debt facilities which totalled $5.6 billion as at the end of April 2014. Given these facilities were put in place to fund Origin&rsquo;s share of Australian Pacific LNG and maintain an appropriate liquidity buffer, the drawdown associated with this acquisition will be refinanced through an equity raising of around $1 billion. This will occur through a pro-rata equity offer at an appropriate time following completion of the acquisition and, in any event, sometime after the release of Origin&rsquo;s full year financial results on 21 August 2014. </p> <p>Origin Managing Director, Grant King said, &ldquo;Origin&rsquo;s acquisition of a 40 per cent interest in the Greater Poseidon area will allow the company to establish a strategic position in one of Australia&rsquo;s largest recent offshore gas discoveries at a competitive entry price when compared to recent transactions in the Browse/Bonaparte region. </p> <p>&ldquo;Poseidon is located in one of Australia&rsquo;s most significant hydrocarbon regions and various options exist to monetise the gas through LNG export opportunities linked to growing demand in the Asian region. </p> <p>&ldquo;We welcome the opportunity to enter the joint venture alongside two significant global oil and gas companies, ConocoPhillips and PetroChina, with whom we share a common focus to maximise the value of Australia&rsquo;s significant gas resources. </p> <p>&ldquo;The acquisition of these permits complements recent farm-ins in South Australia&rsquo;s Cooper Basin and the Northern Territory&rsquo;s Beetaloo Basin, thereby increasing Origin&rsquo;s exposure to growing demand for natural gas both in Australia and overseas. </p> <p>&ldquo;We are mindful that the Australia Pacific LNG project begins production in mid 2015 and over the next two years there will be a significant increase in Origin&rsquo;s long-term cash flow and earnings. It is important that we act now to invest in Origin&rsquo;s continued development and growth through the latter part of this decade. We believe that acquiring these resources, when compared with greenfield exploration, substantially reduces the risk of securing opportunities to drive the long-term growth of Origin,&rdquo; Mr King said. </p> <br/> <h3>For further information please contact:</h3> <table border="0" cellspacing="4" cellpadding="0"> <tr> <td> <p><strong>Media</strong></p> <p><strong>Stephen Ellaway</strong><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></p> <p><strong>David Moon</strong><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> <br/> <p><strong>Figure 1 &ndash; Location of WA-315-P and WA-398-P</strong></p> <img src="http://www.originenergy.com.au/files/Location_of_WA-315-P_and_WA-398-P.png" alt="Location of WA-315-P and WA-398-P" title="Location of WA-315-P and WA-398-P"/> <br/> <div class="newsroom_about_origin"> <h3>About Origin Energy</h3> <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 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> </div> <p><img src="http://www.originenergy.com.au/news/tracker.php?type=rss&amp;for_news_id=1578" alt="" /></p>