Origin Energy extends US$12Bln offer ‘exclusivity’ to Jan 16 for LNG and utility buyers led by Brookfield
Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland facing a A$18.4 billion (US$12.3 billion) buyout offer from a two-firm consortium led by Canada's Brookfield Asset Management, has agreed to extend the consortium’s “exclusivity” to the 16th of January 2023.
Australian LNG shareholder Origin Energy sees shares soar after buy-out bid led by Canada's Brookfield
Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland, saw its shares up 35 percent higher on November 14 as investors considered Origin’s backing for an A$18.4 billion (US$12.3 billion) buyout offer from a two-firm consortium led by Canada's Brookfield Asset Management.
Origin Energy expects utility earnings to rise though warns of ‘La Niña’ affecting LNG feed gas in Queensland
Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland, said it expected a sizeable increase in underlying earnings from its utilities business, though signalled possible lower coal-seam-gas output affecting APLNG because of weather issues.
Origin Energy boosted by soaring Australia-Pacific LNG plant revenue ahead of stake sale to EIG fund
Origin Energy, the Australian utility, reported quarterly revenue of A$633.7 (US$477M) from the Australia-Pacific LNG plant where it has a 37.5 percent share, part of which will be sold to EIG Global Energy Partners, an institutional investor in the sector.
Chinese major Sinopec reports big drop in profits amid rising LNG imports and economic recovery
China Petroleum and Chemical Corp., or Sinopec, the largest Chinese owner of oil refineries and with growing LNG volumes to match its contracted Australian supplies, reported a tumble in net profits of almost 46 percent in the year to date because of the double challenges in the energy market.
Australia-Pacific LNG shareholder Origin Energy takes $840M charge including on Cameron LNG contract
Origin Energy, the Australian utility and shareholder with China’s Sinopec and ConocoPhillips in the Australia-Pacific LNG plant in Queensland, will log asset impairments of about US$840 million, including on a US contract with Cameron LNG in Louisiana.
