Downtown

A major blow for one the biggest Engineering Firms in Australia, WorleyParsons who happen to have a big portfolio of Resources & Energy projects especially in the Oil & Gas industry. The share price of the company hasn't been going great of late and a quick look at it's latest graph I was quite shocked with how badly the share price has gone given the highs it once had in the $40's mark....

WorleyParsons has a strong interest in the Oil and Gas industry with many of its major projects in Australia revolving around clients such as BG Group (now Shell), Origin, Santos and Oil Search Limited. It is no wonder that the companies share price has taken such a nose dive given the situation of the oil and gas price over the past year.

A great time to own a vehicle if you were after cheap fuel, some say this was a reason for the magnificent turnaround for Qantas under Alan Joyce instead of his superb management skills. Qantas have stated  that it expects fuel costs for the six months to December 2015 to be down 20% than the previous half of the year and the full year fuel bill is expected to be between $3.61 and $3.85 billion, down from $4.5 billion in the 2014 financial year.