MARKETS

Conoco swoops in to claim Origin's 10% APLNG stake from EIG

CONOCOPHILLIPS has advised Origin Energy it has exercised its pre-emption rights in relation to Origin selling 10% of its stake in the APLNG facility to EIG for A$2.1 billion.

 The APLNG facility in Gladstone, Queensland

The APLNG facility in Gladstone, Queensland

Origin announced in October it would sell 10% of its 37.5% stake in the LNG facility to EIG, however the deal was always subject to pre-emption rights by Conoco and Sinopec, which has 37.5% and 25% interests...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.