News Articles for Worley

WorleyParsons has denied a media report that it is considering an equity raising to offset rising debt levels.

ACA Lawyers has filed a class action against Macmahon Holdings on behalf of the contractor's shareholders over its alleged delay in revealing information about problems with a major infrastructure project in 2012.

WorleyParsons shareholders are seeking tens of millions of dollars from the engineering and construction giant, alleging they were misled over earnings forecasts.

WorleyParsons shareholders targeted Perth-based director Erich Fraunschiel in a protest vote at today's annual meeting, where the engineering giant disclosed it has cut a further 900 jobs over the past three months.

When BHP Billiton was in the process of establishing its coal and base metals offshoot, South32, a key factor for many who decided to join the new business was their desire to work with its chief executive, Graham Kerr.

The slowdown in mining project work has resulted in a 26 per cent fall in the number of environmental professionals employed at the state's biggest consulting firms over the past year.

Warrington Property Group has unveiled the biggest completed transaction in Perth's commercial property market this year, buying the Australian Taxation Office building in Northbridge for $101 mill

WorleyParsons has sold subsidiary company Exmouth Power Station to Canadian asset management company Fengate Capital Management in a $19.6 million deal.

KPMG has named the eight businesses it has selected to participate in its recently announced technology accelerator Energise, which will be held in Perth.

KPMG has secured backing from more than a dozen major businesses for its Energise technology accelerator, which will provide financial and in-kind support to eight startup businesses servicing the energy and resources sector.

Recent events putting the spotlight of increasing female participation in the resources sector have focused on learning from personal experiences.

As the construction peak passes and the oil price slides, service providers to the energy industry are re-evaluating how they do business. See our special report to see how technology, marine logistics and equipment providers are adapting to the new climate, and read about changes in the industry's workforce.

Alcoa chairman Alan Cransberg has called on businesses to take responsibility for ending domestic violence through workplace initiatives, in an address to the Chamber of Minerals and Energy's Women in Resources awards today.

Listed companies from Western Australia are on the outer in the most recent quarterly reshuffle of the S&P Dow Jones ASX Indices, with high-profile absentees including Iluka Resources, Mineral Resources and Monadelphous Group.

Shares in engineering and maintenance business WorleyParsons have tumbled on news its first-half profit had fallen 7 per cent to $104.3 million.

Specialist oil and gas services company 3B Survey has bucked the gloomy mood in the sector by shifting its Australian head office to Perth to pursue growth opportunities.

There are not many mining projects on the cards for WA, but there are still opportunities in the sector for engineers and contractors.

The Anglican Church's move to distance itself from fossil fuel-related industries could have implications for its CBD property portfolio, with up to nine resources sector companies that lease office space across the church's commercial buildings.

Our annual Biggest Employers feature has the latest BNiQ data on employment trends in WA, including the companies that are expanding and those that are shrinking, and in-depth analysis of what's happening in mining, construction, health care, accounting, law and other industries.

New and established players in the management consulting sector are beefing up their practices, undeterred by the slowdown in project work in the mining industry.

Woodside, WorleyParsons and KBR were awarded the overall prize at the 2014 WA Engineering Excellence awards last night for their project entry, the $5 billion North Rankin Redevelopment project, which exports gas to the Karratha gas plant.

Children's charity Variety WA has sold a Victoria Park office property leased to Optus for $950,000, in a deal brokered by CBRE.

Engineering and maintenance firm WorleyParsons has acquired US-based hydrocarbons management consultancy MTG for an undisclosed sum.

ACA Lawyers has obtained funding to mount a class action against mining services firm WorleyParsons, claiming that it lacked transparency around the company's performance last year.

FEATURE: Perth is in the middle of its biggest wave of office construction in decades, but a sustained burst of new supply means future prospects for commercial developers are increasingly bleak.

China's CITIC Pacific Mining has signed Perth's largest office leasing deal so far in 2014, to relocate its headquarters to 45 St Georges Terrace.

After a record-breaking 2012, the past 12 months have been pretty quiet for new office construction in Perth, with little significant space to be added until 2015.

Mergers and land development opportunities have brightened the outlook for environmental services operators.

Professional services firm Deloitte Australia has announced a strategic advisory alliance with engineering group WorleyParsons as both organisations look to build future growth opportunities.

KBR is believed to have committed to office space in the third tower at Leighton Properties' Kings Square project alongside one of its key clients, Shell.

The ink is finally dry on GHD's contract for at least 6,500sqm in QUBE Property Group's office project at 999 Hay Street on the western fringe of the CBD.

Two new oil and gas research initiatives have received promises of federal funding, with Prime Minister Kevin Rudd talking up the future of the sector in Western Australia today.

The deepening relationship between WorleyParsons and the Royal Flying Doctor Service is a prime example of how partnerships between the corporate and not-for-profit sectors are shifting away from being purely financial.

Fortescue Metals Group has vowed to focus on reducing its debt by 30 or 40 per cent following the official completion of its $US2.4 billion port expansion at Port Hedland.

Major investments in Latin America by some of the world's biggest miners have provided a number of mining services companies with the opportunity to get a toehold in the region.

Engineering outfit WorleyParsons has announced it's been named the operational engineer for Chevron Australia's Western Australian assets.

Engineering firms exposed to mining are going through a tough patch but prospects are much better for those like Technip and Clough in the oil & gas sector.

Engineering contractor Calibre Group announced late today the resignation of managing director Rod Baxter, following a series of damaging profit downgrades that have shattered its stock price.