Origin Energy

Exploration and energy producer, Origin Energy (ASX:ORG) have released its quarterly production report to December 31 2012 where it reported flat production and flat revenue. The report and numbers below includes only its exploration and production arm, but excludes energy generation and sales.

• Origin Energy reported steady revenue and production for the December half financial year.
• Origin production fell 5 percent to 62 petajoules.

Australia's largest electricity and gas retailer, Origin Energy (ASX:ORG) have released their full year financial results for FY 2012 to the ASX stockmarket.

• Full year net profit $980 million, up from $186 million.
• Underlying profit of $893 million, up 33 percent from $673 million.
• Approximately 90 per cent of Origin earnings come from its energy retail and generation business

Origin Energy (ASX:ORG) Origin Energy and US-based ConocoPhillips are going full steam ahead on the first stage of their $12.69 billion LNG project.

Gladstone was the third coal-seam gas plant to be approved in eight months, and the deal would make the plant the country's top gas export hub.

Chief executive of Origin Energy (ASX:ORG) Grant King wants the government to help out on the liquified natural gas industry under the carbon tax proposal. More help for the LNG industry is justifiable under the government deal of two years ago, King told Fairfax Media.

Shares trading in Origin Energy (ASX:ORG) ground to a halt today in anticipation of an expected announcement about its $35 billion Australia Pacific Liquefied Natural Gas (APLNG) project.

Origin teamed up with ConocoPhillips on the LNG venture. China's Sinopec also agreed to a non-binding 4.3 billion tonne LNG supply deal in February and is expected to be the first buyer, according to sources.

The British Gas giant, BG Group, is back with its offer bid price of $15.50 a share for a hostile takeover of Origin Energy (ORG). Its offer had been earlier rejected its offer stating that the sale price has to be "a lot more" that $15.50 a share price. This time the BG has offered the price directly to its shareholders. It had earlier offered a price of $14.70 a-share price but had revised it by 48 percent to $15.50.

Royal Dutch Shell has become the third company to strike a deal for coal seam methane projects that are rapidly evolving in the Queensland area. It struck a $776 million deal with Arrow Energy (AOE) to improve setting up of multiple LNG plants in the region. It now holds 30 percent stake in Arrow’s CSM licenses in the state. The deal is yet to be examined by the Foreign Investment Review Board.