Origin widens losses in FY17

Oil and gas producer Origin Energy has widened its statutory loss for the 2017 financial year, from A$628-million reported at the end of 2016, to A$2.22-billion. The company earlier warned of a A$1.2-billion post tax impairment on the second half of the 2017 financial year, driven by a A$815-million impairment on the Australia Pacific liquefied natural gas (APLNG) project, and a A$357-million charge for Lattice Energy.