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WorleyParsons Ltd (WOR.AX)

WOR.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Worleyparsons awards PMC services contract by Manaseer Group
Tuesday, 21 Mar 2017 02:54am EDT 

Worleyparsons Ltd : PMC services contract award by Manaseer Group .Will provide project management consulting services for greenfield integrated potash and phosphate fertilizer complex in Jordan.  Full Article

Worleyparsons signs multi-regional agreement with Chevron
Sunday, 12 Mar 2017 08:43pm EDT 

Worleyparsons Ltd : Worleyparsons signs multi-regional agreement with Chevron . Scope of agreement allows use in all engineering phases of Chevron's capital project program from conceptual engineering to final design .Agreement with Chevron for engineering and procurement services.  Full Article

WorleyParsons clarifies on Dar Group's intentions
Thursday, 2 Mar 2017 06:53pm EST 

WorleyParsons Ltd : Refers to substantial shareholding notice lodged by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd . WorleyParsons rejects assertion that it did not engage with Dar Group in relation to proposal . On 2 March 2017, co was informed by Dar Group that it reserves right to increase its overall economic exposure in company to 19.9% in near term .WorleyParsons informed Dar Group in discussion that it remained open to considering an improved proposal.  Full Article

Dar Group says it acquired a total exposure of 13.35% in issued shares of Worleyparsons Ltd
Monday, 27 Feb 2017 06:03pm EST 

Worleyparsons Ltd : Dar Group says it acquired a total exposure of 13.35% in issued shares of worleyparsons ltd, comprised of physical shares of 8.61% and cash settled equity swap exposure of 4.74% . Confirms that it submitted an indicative proposal to acquire 100% of Worleyparsons shares in November 2016 .Has no present intention of initiating discussions with worleyparsons a change of control transaction.  Full Article

Worleyparsons confirms it received a confidential proposal from Dar Group to acquire all of shares in co
Monday, 27 Feb 2017 05:13pm EST 

Worleyparsons Ltd : Response to press reports today-wor.ax . Refers to acquisition of shares in Worleyparsons by Dar Al-Handasah Consultants Shair And Partners Limited . "Increased its cost reduction targets to a total of $450 million" . Board therefore determined that proposal was not in best interests of shareholders and advised Dar Group accordingly . Full impact of cost reductions and improving market conditions are not reflected in current earnings .Confirms it received a confidential proposal on 14 November 2016 from Dar Group to acquire all of shares in company for cash consideration of a$11.80 per share.  Full Article

Worleyparsons says in joint venture with Grand Isle Shipyard was awarded a master services agreement
Wednesday, 22 Feb 2017 08:29pm EST 

Worleyparsons Ltd : Worleyparsons, in joint venture with Grand Isle Shipyard has been awarded a five year master services agreement .Agreement for engineering, procurement and construction (epc) services.  Full Article

WorleyParsons says HY revenue and other income fell 35 pct
Sunday, 19 Feb 2017 05:13pm EST 

Worleyparsons Ltd : hy revenue and other income $2,722.1 million versus $4,189.4 million last year .hy statutory net loss $ 2.4 million versus profit of $23.1 million a year ago.  Full Article

WorleyParsons updates on outlook, not to pay interim dividend
Sunday, 19 Feb 2017 05:12pm EST 

WorleyParsons Ltd : Board has resolved not to declare an interim dividend . Still targeting a reduction of $300m in working capital in medium term . Market conditions remain challenging . Benefit of cost reductions achieved by company in first half, are expected to be reflected in second half earnings. . "Customers' sentiment is improving and they inform company that their activity levels are not expected to deteriorate further" . Increased overhead reduction target to a total of $450 million in annualized savings by end of financial year 2017 on an exit run rate basis ."Staff numbers are stabilizing and we are achieving our staff utilization target".  Full Article

Worleyparsons wins EPCM and fabrication contract with Chevron
Tuesday, 7 Feb 2017 08:19pm EST 

Worleyparsons Ltd : Chevron awards EPCM and fabrication contract . EPCM contract valued at approximately $67 million . Will modularize new facilities to minimize construction in vicinity of operating refinery units and provide significant overall cost savings . Worleyparsonscord contract value is projected at approximately $20 million .The new plant is expected to significantly lower risks and environmental impact.  Full Article

Worleyparsons wins EPCM and fabrication contract with Chevron
Tuesday, 7 Feb 2017 06:19pm EST 

Worleyparsons Ltd : Chevron awards EPCM and fabrication contract . EPCM contract valued at approximately $67 million . Will modularize new facilities to minimize construction in vicinity of operating refinery units and provide significant overall cost savings . Worleyparsonscord contract value is projected at approximately $20 million .The new plant is expected to significantly lower risks and environmental impact.  Full Article

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Deals of the day-Mergers and acquisitions

Feb 28 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday: