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Woodside finalises plan for $27B Louisiana LNG project
Woodside has signed off on the development of a $27 billion LNG facility in Louisiana that will see the company become one of the world's largest producers of natural gas by the 2030s.
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Developer YMCI makes nice with Parramatta, wins OK for Ovation Quarter works
Developer Australia YMCI has reached an agreement with Parramatta on its application for remediation works at its $5B Ovation Quarter residential complex at Sydney Olympic Park.
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VSD Investments can’t block $8.5M payout to Builtcom despite appeal
Developer VSD Investments has lost an argument for withholding an $8.5 million payment claim from the builder of a 30-storey project in Sydney's inner west pending the construction company's appeal.
Construction PRO
Shopfitter Ramvek gets pass on compliance with rules in bid for quick SOPA case win
A judge has dispensed with court rules to allow shopfitter Ramvek to bring a non-compliant summary judgment application against a builder in a payment dispute, saying strict compliance with the rules was at odds with the procedure and policy of the SOPA.
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James Hardie says it won’t delist from ASX without shareholder vote
Building materials giant James Hardie has promised it won't seek foreign exempt listing status and will not de-list from the ASX without the green light from shareholders, following backlash to its $14 billion merger with US home decking provider AZEK.
Construction PRO
SA wind farm loses appeal over $21M in payments to GE, Elecnor
A South Australian wind farm developer has lost its appeal of ruling ordering it to make a $21 million progress payment to joint venture partners GE Renewable Energy and Elecnor.
Construction PRO
Court approves Sev.en-funded recapitalisation of Callide power station
The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
Construction PRO
Amcor takes long-running remediation fight with Glenvill to High Court
The High Court has been asked to weigh in on when a court should step in when the machinery governing the entitlement to payments in a contract breaks down, in a dispute between luxury home builder Glenvill and Amcor over asbestos remediation at an industrial site in the Melbourne suburb of Alphington.
Construction PRO
Roberts Co NSW to be sold to UAE developer Arada Group
Roberts Co NSW is to be acquired by United Arab Emirates builder Arada, a month after the Australian construction business put its Victorian unit in administration.