Origin Energy: Difference between revisions
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{{Infobox Company |
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|name = Origin Energy Ltd |
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'''Origin Energy''' {{asx|ORG}} is an [[Australia]]n gas and electricity company headquartered in [[Sydney]]. Prior to a demerger in February [[2000]] the company was known as [[Boral Limited]]. The demerger of Boral Limited, a conglomerate comprising energy as well as building and construction materials interests, involved spinning off the building materials business and renaming Boral Limited to Origin Energy Limited. The building materials business then became a new company called Boral Limited. |
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|logo = [[Image:Origin_Energy_logo.jpg|center]] |
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|type = [[Public company|Public]] ({{asx|ORG}}) |
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|foundation = 2000 but parts of the business date from the 19th century |
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|location = {{flagicon|AUS}} [[Sydney]], [[New South Wales]], [[Australia]] |
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|key_people = [[Grant King]], [[Managing Director|MD]] |
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|industry = Energy |
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|products = Oil, gas and electricity |
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|revenue = {{profit}} $5.95 billion [[Australian Dollar|AUD]] (2006, |
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[http://www.originenergy.com.au/files/Directors_Review_060830_FINAL.pdf]) |
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Origin has four core business units: |
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|net_income = {{profit}} $332 million after tax [[Australian Dollar|AUD]] (2006) |
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*Exploration and Production - Origin has reserves in the [[Cooper Basin]], Queensland [[coalbed methane]] fields and other places including [[Bass Strait]] in Australia and the [[Taranaki]] Basin in [[New Zealand]] |
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|num_employees = ~3500 |
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|homepage = [http://www.originenergy.com.au www.originenergy.com.au] |
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| ⚫ | *Generation - generating electricity from natural gas including Osborne and Ladbroke Grove in |
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}} |
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'''Origin Energy''' is an [[Australia]]n energy company headquartered in [[Sydney]]. |
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==History== |
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Origin Energy was formed in February [[2000]] as a result of the demerger of [[Boral Limited]] an Australian [[Conglomerate (company)|conglomerate]]. Boral had interests in energy and building and construction materials. The energy interests were transferred to Origin which was listed as a separate public company. Boral Limited retained the building and construction interests. |
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Due to Origin having evolved from parts of a conglomerate, the date of inception of the company is difficult to define. Parts of origins business can be traced back to the 19th century and Boral limited began in 1946 as Bitumen and Oil Refineries (Australia) Ltd. |
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Boral’s energy interests grew through corporate acquisition and in 1995 were consolidated in the subsidiary company Boral Energy. Further acquisitions were made by Boral Energy before the demerger from Boral Ltd.<ref>[http://www.originenergy.com.au/about/template.php?pageid=233 Origin Energy web site - company history, accessed 21 August 2007]</ref> |
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==Core Business== |
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Boral is active in a number of sectors in the energy business: |
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*Oil and gas exploration and production - Origin has conventional oil and gas reserves in the Cooper Basin of [[South Australia]] and [[Queensland]] and in the Bass strait between Victoria and Tasmania and [[coalbed methane]] reserves in Queensland. Outside Australia, Origin is developing the Kupe gas field in the [[Taranaki]] Basin of [[New Zealand]] |
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| ⚫ | *Retail - over three million retail customers of gas or electricity in Australia, New Zealand and the south Pacific, inclusive of the 800,000 customers of Sun Retail in QLD that were acquired in February 2007.<ref>[http://www.originenergy.com.au/home/template.php?pageid=7 Origin energy web site, accessed 21 Aug 2007]</ref> |
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| ⚫ | *Generation - generating electricity from natural gas including Osborne and Ladbroke Grove in South Australia, Mt Stuart Power Station in [[Townsville, Queensland|Townsville]] and Roma Power Station. Origin does not own any coal-fired power stations. However, its retail division sources a large quantity of power from environmentally unfriendly brown coal-fired sources. |
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==Renewable Energy== |
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Origin is active in the renewable energy arena. It has spent a number of years developing: |
Origin is active in the renewable energy arena. It has spent a number of years developing: |
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* |
*[[Wind farm]]s in South Australia and Victoria including the entire output produced by [[Pacific Hydro]] from the [[Challicum Hills Wind Farm, Victoria (Australia)|Challicum Hills wind farm]] located near Ararat and the [[Portland_Wind_Project|Yambuk wind farm]] near Portland. Origin Energy is the largest buyer of [[wind power in Australia|wind energy in Australia]].<ref>[http://www.originenergy.com.au/news/news_detail.php?pageid=82&newsid=213 Origin Energy wind energy portfolio press release (Sept 2002)]</ref> |
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* A [[solar cell]] |
* A solar energy business using [[solar cell]] technology invented by a team led by Professor [[Andrew Blakers]] at The [[Australian National University]].<ref>[http://solar.anu.edu.au/level_1/research/sliver.php Solar Energy at the ANU]</ref> Origin Energy expects to be manufacturing its sliver cell technology for the Australian market by 2008.<ref>[http://www.news.com.au/adelaidenow/story/0,22606,21849479-5003680,00.html Thin-cell solar power soon]</ref> |
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* [[Geothermal power]], a technology based on the conversion of heat sourced from deep, hot rocks into electricity. Origin's geothermal investment is via a minority shareholding stake in |
* [[Geothermal power]], a technology based on the conversion of heat sourced from deep, hot rocks into electricity. Origin's geothermal investment is via a minority shareholding stake in the Australian company Geodynamics. <ref>[http://www.geodynamics.com.au Geodynamics power from the earth]</ref> <ref>[http://www.theaustralian.news.com.au/story/0,20867,21525816-30417,00.html Geodynamics says it has 'hottest rocks on earth']</ref> |
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The commercial success of these projects has not yet been demonstrated. |
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* Grant King (Managing Director) - Appointed at the company's formation in February 2000 |
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The above executives reside in [[Sydney]], with the exception of Mr Willink who is a [[Brisbane]] resident. |
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The Board Chairman is Kevin McCann. |
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*Kevin McCann - Chairman |
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* Grant King - Managing Director |
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==References== |
==References== |
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{{Portal|Australia}} |
{{Portal|Australia}} |
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{{Portal|Energy}} |
{{Portal|Energy}} |
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== External links == |
== External links == |
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[[Category:Energy companies]] |
[[Category:Energy companies]] |
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[[Category:Energy in Australia]] |
[[Category:Energy in Australia]] |
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{{Australia-company-stub}} |
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Revision as of 05:16, 21 August 2007
| Company type | Public (ASX: ORG) |
|---|---|
| Industry | Energy |
| Founded | 2000 but parts of the business date from the 19th century |
| Headquarters |  Sydney, New South Wales, Australia |
Key people | Grant King, MD |
| Products | Oil, gas and electricity |
| Revenue |  $5.95 billion AUD (2006,
[1]) |
| $332 million after tax AUD (2006) | |
Number of employees | ~3500 |
| Website | www.originenergy.com.au |
Origin Energy is an Australian energy company headquartered in Sydney.
History
Origin Energy was formed in February 2000 as a result of the demerger of Boral Limited an Australian conglomerate. Boral had interests in energy and building and construction materials. The energy interests were transferred to Origin which was listed as a separate public company. Boral Limited retained the building and construction interests.
Due to Origin having evolved from parts of a conglomerate, the date of inception of the company is difficult to define. Parts of origins business can be traced back to the 19th century and Boral limited began in 1946 as Bitumen and Oil Refineries (Australia) Ltd.
Boral’s energy interests grew through corporate acquisition and in 1995 were consolidated in the subsidiary company Boral Energy. Further acquisitions were made by Boral Energy before the demerger from Boral Ltd.[1]
Core Business
Boral is active in a number of sectors in the energy business:
- Oil and gas exploration and production - Origin has conventional oil and gas reserves in the Cooper Basin of South Australia and Queensland and in the Bass strait between Victoria and Tasmania and coalbed methane reserves in Queensland. Outside Australia, Origin is developing the Kupe gas field in the Taranaki Basin of New Zealand
- Retail - over three million retail customers of gas or electricity in Australia, New Zealand and the south Pacific, inclusive of the 800,000 customers of Sun Retail in QLD that were acquired in February 2007.[2]
- Generation - generating electricity from natural gas including Osborne and Ladbroke Grove in South Australia, Mt Stuart Power Station in Townsville and Roma Power Station. Origin does not own any coal-fired power stations. However, its retail division sources a large quantity of power from environmentally unfriendly brown coal-fired sources.
- Gas transportation and distribution - Origin has significant shareholdings in Envestra Limited and SEAGas pipeline.
Renewable Energy
Origin is active in the renewable energy arena. It has spent a number of years developing:
- Wind farms in South Australia and Victoria including the entire output produced by Pacific Hydro from the Challicum Hills wind farm located near Ararat and the Yambuk wind farm near Portland. Origin Energy is the largest buyer of wind energy in Australia.[3]
- A solar energy business using solar cell technology invented by a team led by Professor Andrew Blakers at The Australian National University.[4] Origin Energy expects to be manufacturing its sliver cell technology for the Australian market by 2008.[5]
- Geothermal power, a technology based on the conversion of heat sourced from deep, hot rocks into electricity. Origin's geothermal investment is via a minority shareholding stake in the Australian company Geodynamics. [6] [7]
The commercial success of these projects has not yet been demonstrated.
Key Executives
- Kevin McCann - Chairman
- Grant King - Managing Director
- Karen Moses - Chief Operating Officer, Australia
- Robb Willink - Executive General Manager, Exploration
- Frank Calabria - Chief Financial Officer
References
- ^ Origin Energy web site - company history, accessed 21 August 2007
- ^ Origin energy web site, accessed 21 Aug 2007
- ^ Origin Energy wind energy portfolio press release (Sept 2002)
- ^ Solar Energy at the ANU
- ^ Thin-cell solar power soon
- ^ Geodynamics power from the earth
- ^ Geodynamics says it has 'hottest rocks on earth'
External links
- Origin Energy - Official Site
- Boral Limited - Boral Website
- Solar cells wait for their day in the sun
- GE Energy, CH2M Hill to build power plant in Australia
