Origin Energy is expected to divest its 50 per cent stake in an oil and gas exploration venture with Buru Energy as the gas and electricity major turns its focus to “cleaner” projects.
Amid "an almost unparalleled year" for energy markets, Origin Energy has posted a loss of $1.429 billion, reflecting a $2.196 billion impairment charge.
Electricity and gas retailer Origin Energy's fourth-quarter revenue from its share in the Australia Pacific LNG (APLNG) project has fallen 5.2 per cent.
