Aug 16, 2017 Last Updated 2:16 PM, Aug 16, 2017

New Entry From the Editor :

Contrasting fortunes for Origin and Woodside in FY results

Contrasting fortunes for Origi…

AusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion a...

Report finds majority of top Australian firms ill-equipped for business in Asia

Report finds majority of top A…

AusBN - A report by think tank Asialink has found that a large majority of ...

South Australian government to be powered by 150MW solar thermal plant

South Australian government to…

AusBN - A 150MW solar thermal power plant has been contracted by the South ...

Building approvals fall in August

View from Q1 looking northAusBN – Data from the Bureau of Statistics shows that building approvals across Australia fell by 6.9% in August – a great deal further than the 2% fall predicted by analysts.

The fall was driven primarily by an 11.4% drop in the apartments sector, which is skewed by approvals for large developments.

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Apartment owners could be forced to sell

AusBN – A developer-driven change in property laws could force thousands of apartment owners to sell their homes.

At the moment, a developer can only buy an apartment block if 100% of the residents agree to their terms.

The New South Wales Government wants to lower the threshold to 75% to make it easier for such buildings to be redeveloped.

Developers argue that the reform would help increase urban housing density in Australia’s largest, most crowded cities.

This potential change will be debated in the state parliament next month, as part of a series of reforms to strata title laws.

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WGK wins Browse FLNG contract

AusBN – Engineering services company Wood Group Kenny has won a US$6 million contract to carry out front-end engineering and design (FEED) for the proposed Browse floating liquefied natural gas (FLNG) project.

The Browse FLNG project is led by Woodside Petroleum and based about 300 kilometres offshore the Kimberley region of Western Australia.

WGK will fulfil the FEED contract from its office in Perth, performing all design engineering for the rigid insulated production flow-line system required to develop three gas condensate fields: Torosa, Breknock and Calliance.

This follows the contractor’s successful delivery of the preliminary engineering for the Browse flow line system, as well as engineering on other Woodside projects.

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