Babcock & Brown Power, the owner of Alinta, has narrowed its net loss in fiscal 2009 and says it hopes to announce by the end of November how it will deal with more than $3 billion of debt and whether it will change its company structure.
Mineral sands miner Iluka has received a boost in its share value today after it reached a settlement with engineering outfit Downer EDI and secured an $8.6 million insurance payout from last year's Varanus Island gas outage.
Perth company Liquified Natural Gas has appointed CB&I as project management consultant for its planned three million tonne per annum LNG project at Fisherman's Landing in Queensland.
Construction contractor John Holland Group has blasted its way into WA's booming oil and gas sector with a $160 million contract to build Apache Energy's Devil Creek gas plant in the Pilbara, snaring work originally to be undertaken by Clough.
Engineering and infrastructure services outfit Downer EDI has expanded its mechanical, construction and maintenance business with the acquisition of Kwinana-based Western Construction.
Shares in engineering and construction company, Decmil Group finished stronger today after posting a record profit of $10 million, up from just $55,000 the previous corresponding period, after securing substantial contracts with global clients.
Marine engineering outfit, Neptune Marine Services has posted a profit of $21 million for the year to June 30, an increase of almost 200 per cent on the previous year's $7.4 million thanks to its diverse service offering and strong revenue gains.
NO matter which way you cut it, the 2008-09 financial year was a shocker for investors in local companies, with only 110 of the 730 or so Western Australian-listed companies managing a positive return of any sort.
WITH much front page hype, the federal government last week announced what it claimed was Australia's biggest ever deal when PetroChina agreed to buy 2.25 million tonnes of LNG a year for 20 years, worth $50 billion.
The Western Australian Trade Opportunities Service is operated by the International Trade Centre of the Chamber of Commerce and Industry of Western Australia.
THE global financial crisis had a marked impact on Western Australia's engineering contractors during the year as the slowdown forced resources companies to scale back and defer numerous new developments and expansions.
NOBODY should be too concerned about the differences between partners in the $30 billion Browse LNG project over how the venture should be developed, according to Woodside Petroleum chief executive Don Voelte.
Heavy equipment sales and rental company, Emeco Holdings has posted a net profit after tax of $13.3 million for the year to June 30, a fall of 14.5 per cent, which included significant one-off impairment and restructuring charges.
Tap Oil has posted a loss of $4.9 million in its half year results to June 30 after the explosion at Varanus Island impacted upon production levels and, in turn, affected sales.
The state government has announced that publicly-owned generator Verve Energy and electricity retailer Synergy would not be re-amalgamated, as part of a strategy to secure Western Australia's future energy needs.
Federal Environment Minister Peter Garrett has cleared the last regulatory hurdle for the $50 billion Gorgon LNG project, leaving its joint venture owners free to make their final investment decision.
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Woodside Petroleum chief executive Don Voelte said the company had suggested a range of exit options to its wavering partners in the $30 billion Browse LNG venture to facilitate the timely delivery of the massive project off the Kimberley coast.
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Nedlands-based Lions Eye Institute founding director, Professor Ian Constable, has been awarded a gold medal by the Australian Institute of Company Directors for his outstanding achievements in the promotion of corporate governance in community-based orga
Rejuvenated engineering contractor Clough is looking to the flood of emerging LNG developments and potential consolidation of niche local service providers as the platform for continued growth over the coming years.
The CBD has welcomed the latest retail addition to the Hay Street Mall with the opening of the $400 million enex100, which is also part of a broader mixed-use asset which incorporates a 24-level office tower housing over 2,000 people.
Engineering and construction company Clough has posted a rise in revenue and profit from continuing operations, which it said puts the group in a position to pay a higher dividend.
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THE proponent of Australia's biggest new coal-fired power plant believes the two-stage 330-kilovolt upgrade of the Perth-Geraldton transmission line has left the door open to competition among aspiring power proponents in the Mid West.
WESTERN Australia's resources industry is demanding urgent implementation of measures to overhaul the state's failing approvals processes following a damning review commissioned by the state government.
