UGL has shut down its engineering design business in Perth as part of the company’s response to the low volume of work in the resources sector and cost blowouts on some of its big projects.
Engineering contractor Monadelphous Group has announced a 6.3 per cent fall in full-year profit to $146.5 million on softening activity in the mining and minerals sector.
Australian liquefied natural gas projects can continue to be competitive against new developments planned for the United States, Canada and east Africa, industry consultant RISC has found.
Japanese energy major Inpex has signed an agreement with five major Japanese companies guaranteeing sales of 4 million tonnes per annum of LNG from its Ichthys project off the Western Australian coast
06 Dec 2011
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