Latest AGL Stories

2008-11-05 09:00:28

AGL Energy, an integrated energy company, has a acquired a 400TJ gas bank and 50% of Tri-Star Petroleum's current joint venture working interests and related assets in the Spring Gully Project for A$15.75 million. Michael Fraser, managing director of AGL, said: "Whilst a modest transaction, this investment is consistent with our objective of increasing direct access to gas reserves. Tri-Star discovered two of the largest coal seam gas fields in Australia and AGL is keen to develop an...

2008-10-23 09:00:32

Better Place has announced agreements with AGL Energy and financial advisor Macquarie Capital to raise A$1 billion and begin deploying an electric vehicle network powered by renewable energy. Better Place will use its scalable model, which Israel and Denmark have adopted, to build the electric vehicle (EV) network in Australia. Macquarie will assist in business development and will help raise A$1 billion for the network build. In support of the project, AGL will provide electricity from...

2008-09-04 03:00:23

EESTech and AGL Energy have signed a memorandum of understanding to establish a demonstration project using EESTech's proprietary Hybrid Coalmine Gas Technology. EESTech's Hybrid Coalmine Gas Technology (HCGT) utilizes ventilated coalmine methane gas that would otherwise be vented to the atmosphere, as a fuel source to generate reliable, cost-effective electricity. Methane gas is deemed to have a global warming potential that is 21 times more damaging to the atmosphere than CO2. EESTech's...

2008-07-11 12:00:58

AGL Energy has announced a A$37 million investment in a coal seam gas production pilot and exploration and appraisal program with Galilee Energy in the Galilee Basin in the state of Queensland, Australia. Galilee Energy's majority owner is Eastern Corporation. The farm-in agreement, between AGL and two of Galilee Energy's wholly owned subsidiaries, will see AGL investing up to A$37 million over two stages to acquire a 50% interest in exploration tenement ATP 529P. AGL noted that the first...

2008-07-09 09:00:54

Australia-based AGL Energy has announced that it will acquire a 9.99% cornerstone investment in Torrens Energy by way of a share placement at A$0.40 per share for a cash outlay of A$2.2 million. The two companies have also agreed to co-operate in geothermal energy development. AGL and Torrens Energy (TEY) have ntered into a geothermal alliance agreement (GAA) to commercialize base load geothermal projects close to the National Electricity Market (NEM). The alliance combines TEY's...

Word of the Day
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.