Origin Energy’s potential buyers are planning to use the promise of $20 billion worth of renewable energy investments to overcome any concerns the competition regulator has about their $15.4 billion takeover.
ExxonMobil’s gas fields off the Victorian coast are rapidly depleting and will no longer be able to quickly ramp up volumes to stabilise the east-coast grid.
The power and gas giant’s North American suitors – Brookfield and EIG – have cut their offer price for the company from $9 to $8.90 a share.
The power and gas giant said it remained in ‘active engagement’ with a bidding consortium including Canadian asset manager Brookfield and US-based private equity firm EIG.
Booming oil and gas prices have delivered another huge revenue boost for Origin Energy,but calls are mounting for the industry to sell more gas locally.
Power and gas supplier Origin Energy has agreed to extend the deadline for its two North American suitors to finalise the deal.
NSW will hit its current target of halving emissions from 2005 levels by 2030,said Treasurer Matt Kean,who will on Friday announce the new goal of a 70 per cent reduction by 2035.
A consortium behind an $18 billion takeover offer for Origin Energy says emergency gas price caps shouldn’t derail the deal.
One of the world’s largest gas lobby groups has mistakenly published confidential papers revealing its messaging plans to keep the fossil fuel’s social licence.
At the heart of this takeover tussle between billionaires Kerry Stokes and Gina Rinehart is a small gas exploration company and a bigger issue - energy security.
Origin boss Frank Calabria says Australia’s move to sustainable energy is a staggering task that must be achieved with more urgency,or the costs to the nation will only get greater.