Origin Energy

Brookfield Acknowledges Result of the Origin Energy Shareholder Vote

Retrieved on: 
Monday, December 4, 2023
ASX, Partnership, BEPC, Brookfield Renewable Partners, Wind, Origin Energy, BEP, Growth, TSX, Carbon, EIG, Brookfield (corporation), Natural gas

SYDNEY, Australia, and TORONTO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM), together with its listed affiliate Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX BEP.UN, BEPC), acknowledges the announcement today by Origin Energy Limited (“Origin”) (ASX: ORG) of the result of Origin’s shareholder vote in respect of the previously announced Scheme of Arrangement with Brookfield, its institutional investors, and EIG.

Key Points: 
  • SYDNEY, Australia, and TORONTO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM), together with its listed affiliate Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX BEP.UN, BEPC), acknowledges the announcement today by Origin Energy Limited (“Origin”) (ASX: ORG) of the result of Origin’s shareholder vote in respect of the previously announced Scheme of Arrangement with Brookfield, its institutional investors, and EIG.
  • In light of the result of the vote, Brookfield will evaluate its next steps, if any, with respect to Origin, given the strong level of Origin shareholder support for its proposal and taking into account the potential impact to Origin of the Australian Government’s recently announced proposed expansion to its Capacity Investment Scheme and National Energy Transformation Partnership.
  • Investors can access its portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately $850 billion of assets under management.

$800m investment to accelerate Octopus Energy’s global clean energy growth

Retrieved on: 
Monday, December 18, 2023
Environment, Other Energy, Environmental Health, Utilities, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Kraken, Holiday, Generation Investment Management, E.ON, Octopus Energy, Tokyo Gas, Acquisition, CPP Investment Board, Lloyds Bank, Multimedia, Consultant, Investment, Domestic, Wind, EDF, Origin Energy, TIME, WEC Energy Group, Digital, British Gas, Good Energy, Partnership, Obsession, Growth, Electricity, NPS, CPP, Trustpilot, News, COP, Cryptocurrency, Renewable energy, Film industry, Octopus

Octopus Energy Group, the UK’s largest power supplier* and the owner of the Kraken technology platform, announces $800m (£625m) additional investment from its existing shareholders.

Key Points: 
  • Octopus Energy Group, the UK’s largest power supplier* and the owner of the Kraken technology platform, announces $800m (£625m) additional investment from its existing shareholders.
  • Recommended” an unprecedented 6 years in a row and according to consultants Bain**, Octopus Energy is rated 44 points higher than the next best company.
  • Through our partnership with Octopus Energy, we aim to provide our customers with services using the latest technology and clean energy.
  • Octopus Energy Group’s Kraken technology platform has seen astounding success, from 17 million accounts two years ago, to over 52 million today.

South Korean Energy Giant, GS Energy, Joins Energy Majors as a Founding Member of the Trusted Energy Interoperability Alliance (TEIA)

Retrieved on: 
Tuesday, October 10, 2023
IOT (Internet of Things), Oil, Gas, Alternative Energy, Security, Energy, Climate Change, Sustainability, Technology, Nuclear, Environment, Artificial Intelligence, Other Technology, Software, Networks, Internet, Utilities, GS, Climate change, GS Group, E.ON SE, Intertrust, Digital technology, Internet of things, Origin Energy, Face, Cryptocurrency

GS Energy , the energy holdings company under the Korean conglomerate GS Group, and the Trusted Energy Interoperability Alliance (TEIA), the open standards organization developing secure interoperability standards for internet connected energy services, today announced that GS Energy is joining TEIA as a Founding Member.

Key Points: 
  • GS Energy , the energy holdings company under the Korean conglomerate GS Group, and the Trusted Energy Interoperability Alliance (TEIA), the open standards organization developing secure interoperability standards for internet connected energy services, today announced that GS Energy is joining TEIA as a Founding Member.
  • “Open technology standards are essential for the rapid deployment of digital energy services and devices,” said Hak Min Kim, head of DX Lab and vice president of GS Energy.
  • The problem is compounded by the extensive use of AI to manage energy usage, which requires interoperability and security at all levels.
  • Cameron Briggs, chairman of the TEIA Management Committee stated, “On behalf of the TEIA Management Committee we welcome GS Energy as a Founder.

Falcon Oil & Gas Ltd. - Farm-in Carry Commitments.

Retrieved on: 
Friday, August 25, 2023
DSU, Amungee Mungee, Origin Energy, Falcon, Letter, AIM, Beetaloo, Social Democrats (Slovenia), Ford Falcon (Australia), Wells, Renewable energy

25 August 2023 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) notes that Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran”), has given notice that the 2014 farm-in commitments have now been met, having reached the associated cost carry commitment of A$264 million.

Key Points: 
  • 25 August 2023 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) notes that Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran”), has given notice that the 2014 farm-in commitments have now been met, having reached the associated cost carry commitment of A$264 million.
  • Falcon Australia has been carried by its partners, formerly Origin Energy and more recently Tamboran since 2014 through the drilling and testing of five vertical wells and three horizontal wells.
  • The wells have delivered key information of the continuous nature and productivity of the Amungee Member B-shale across the Beetaloo Sub-basin, Northern Territory, Australia.
  • Falcon’s group bank balance as of 24 August 2023 was US$15.3 million and thus it remains in a strong financial position.

Trusted Energy Interoperability Alliance (TEIA) to Showcase Secure Digital Energy Interoperability at Eurelectric Power Summit 2023

Retrieved on: 
Friday, June 16, 2023
Software, Networks, Internet, Hardware, Utilities, Data Management, Alternative Energy, IOT (Internet of Things), Energy, Technology, Artificial Intelligence, Security, E.ON, Organization, Internet of things, Origin Energy, Quality Technology Services, Intertrust, Asset management, Eurelectric

The world’s leading digital systems interoperability standard for the energy industry, TEIA ( Trusted Energy Interoperability Alliance ) announced today that it will showcase the power of secure interoperability between energy data and IoT device services at the Eurelectric Power Summit 2023 in Brussels from June 20th to 21st, 2023.

Key Points: 
  • The world’s leading digital systems interoperability standard for the energy industry, TEIA ( Trusted Energy Interoperability Alliance ) announced today that it will showcase the power of secure interoperability between energy data and IoT device services at the Eurelectric Power Summit 2023 in Brussels from June 20th to 21st, 2023.
  • Launched in early June by E.ON , Intertrust , JERA , and Origin Energy to provide open standards for secure interoperability in multi-vendor OT/IT digital energy systems, TEIA aims to bring together the energy industry and energy software and hardware makers to provide systems that can securely operate together, with minimal system integration.
  • Open specifications for security technologies are critical for collaboration that promotes interoperability and minimizes vendor lock in.
  • TEIA is open to energy companies, technology & service providers and other organizations involved in the energy industry.

Powering the Future: Global Energy Leaders Establish Open Standard for Secure and Interoperable Energy Devices and Data Systems

Retrieved on: 
Tuesday, June 6, 2023
Energy, Data Management, Technology, Other Energy, Software, Data management, E.ON SE, Intellectual property, Internet of things, Organization, Origin Energy, Intertrust, Chief digital officer, Artificial intelligence, Digital, Chief innovation officer, Asset management, Cryptocurrency

E.ON SE , Intertrust , JERA , and Origin Energy today announced the founding of the Trusted Energy Interoperability Alliance , (TEIA), to develop and promote open technology standards for energy devices, data interoperability and security for the global energy industry ecosystem.

Key Points: 
  • E.ON SE , Intertrust , JERA , and Origin Energy today announced the founding of the Trusted Energy Interoperability Alliance , (TEIA), to develop and promote open technology standards for energy devices, data interoperability and security for the global energy industry ecosystem.
  • As the energy industry moves toward relying on digital infrastructure, including IoT devices, distributed data management systems and Artificial Intelligence (AI), the need for consistent security and authentication between hardware and software systems is critical.
  • Today, energy companies procure connected devices and software from different vendors, but often find themselves with siloed systems and security gaps.
  • “We are proud to bring our extensive expertise in trusted, secure, and open standards-based distributed computing to support this important effort.”

ConocoPhillips Reports First-Quarter 2023 Results; Raises Full-Year Production Guidance Midpoint and Declares Quarterly Dividend and Variable Return of Cash Distribution

Retrieved on: 
Thursday, May 4, 2023
Energy, Other Energy, Oil, Gas, Permian, U.S. Department of the Interior, Office of Inspector General, U.S. Department of Defense Strategy for Operating in Cyberspace, Eagle Ford, Dallas, ConocoPhillips, Contiguous United States, GHG, VROC, Public expenditure, Origin Energy, Eagle Ford Group, Investment, Port Arthur, CFO, Interior, BOE, NYSE, Qatargas, Video game, Renewable energy, Holding company, Bank

Distributed $3.2 billion to shareholders through a three-tier return of capital framework, including $1.7 billion through share repurchases and $1.5 billion through the ordinary dividend and VROC.

Key Points: 
  • Distributed $3.2 billion to shareholders through a three-tier return of capital framework, including $1.7 billion through share repurchases and $1.5 billion through the ordinary dividend and VROC.
  • Generated cash provided by operating activities of $5.4 billion and cash from operations (CFO) of $5.7 billion.
  • ConocoPhillips announced a quarterly ordinary dividend of $0.51 per share, payable June 1, 2023, to stockholders of record at the close of business on May 16, 2023.
  • Full-year production is now expected to be 1.78 to 1.80 MMBOED, as compared to prior guidance of 1.76 to 1.80 MMBOED.

Brookfield and EIG Consortium Sign Binding Agreement to Acquire Origin Energy

Retrieved on: 
Monday, March 27, 2023
BEPC, Natural gas, ConocoPhillips, Reliance Industries, ORG, Retirement, Acquisition, Brookfield Renewable Partners, UBS, Foreign Investment Review Board, NYSE, Chair, National Electricity Market, Consortium, GW, Australian Competition & Consumer Commission, BEP, Competition, Tokyo Gas, Australian Energy Market Operator, Origin Energy, VWAP, Energy market, TSX, Australian Competition and Consumer Commission v Baxter Healthcare Pty Ltd, EIG, J. P. Morgan, MUFG, Carbon, Citigroup, Transition, Scheme, ACCC, GIC, MidOcean Partners, ASX, Brookfield (corporation), NEM, FIRB, Renewable energy, Petroleum, Asset management, Security (finance), Financial services, Cryptocurrency, Pharmaceutical industry, Holding company, Health insurance, Origin, Temasek, LNG

SYDNEY, Australia and TORONTO and WASHINGTON D.C., March 27, 2023 (GLOBE NEWSWIRE) -- A consortium comprised of Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners and global institutional investors GIC and Temasek (“Brookfield”), and MidOcean Energy (“MidOcean”), an LNG company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, has entered into a Scheme Implementation Deed with Origin Energy Limited (“Origin” or “the company”) (ASX: ORG) to acquire 100% of the company’s shares (“Scheme").

Key Points: 
  • MidOcean Energy is an EIG-formed ‘pure-play’ LNG company that will acquire Origin’s Integrated Gas business, which includes the interest in APLNG.
  • Upon closing of the transaction, Brookfield, its institutional partners and investors will own Origin’s Energy Markets business, Australia’s largest integrated power generator and energy retailer.
  • EIG is among the largest specialist investors in energy and infrastructure globally and has had an established presence in Australia since 2000.
  • Brookfield and EIG view Origin as critical to Australia’s energy transition and energy security.

ConocoPhillips Announces Plans to Become Upstream Operator and Agreement to Purchase Additional Shareholding Interest in APLNG

Retrieved on: 
Monday, March 27, 2023
Oil, Gas, Energy, ConocoPhillips, Morgan Stanley, GHG, NYSE, Origin Energy, Global Operations, Acquisition, Natural gas, EIG, Cryptocurrency, LNG

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Key Points: 
  • In connection with this announcement, ConocoPhillips has agreed to purchase up to an additional 2.49% shareholding interest in APLNG for $0.5 billion, subject to customary adjustments.
  • ConocoPhillips currently holds a 47.5% APLNG shareholding interest and will own up to 49.99% of APLNG upon closing.
  • Both the assumption of upstream operatorship and the shareholding acquisition are dependent on EIG closing its transaction with Origin.
  • “We are pleased to have the opportunity to become upstream operator and increase our ownership in APLNG.

Brookfield Renewable Announces Participation in Proposal for Origin’s Energy Markets Business

Retrieved on: 
Wednesday, November 9, 2022
GLOBE, Australian Competition & Consumer Commission, Carbon, NYSE, Foreign Investment Review Board, LNG, Privatization, Brookfield Asset Management, FIRB, Partnership, Origin Energy, Technology, Letter, Brookfield Renewable Partners, Proposal, BEPC, EIG, Solution, Consortium, Bermuda, Competition, MidOcean Partners, ACCC, BEP, TSX, Wind, Renewable energy, News

Under the proposed transaction, Brookfield Renewable and its institutional partners would acquire Origins energy markets business, Australias largest integrated generation and retail company, and MidOcean would acquire Origins Integrated Gas division.

Key Points: 
  • Under the proposed transaction, Brookfield Renewable and its institutional partners would acquire Origins energy markets business, Australias largest integrated generation and retail company, and MidOcean would acquire Origins Integrated Gas division.
  • Brookfield Renewable would pursue this transaction through the Brookfield Global Transition Fund I, which is the largest fund in the world focused on the energy transition, alongside institutional partners.
  • Origins energy markets business is well positioned to play a leading role in Australias energy transition.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over $750 billion of assets under management.