The President of the United States of America has recently signed into law the Tax Cuts and Jobs Act.
WorleyParsons Limited (the Company) is currently considering the impact of the law both on its financial position as at 31 December, 2017 and on its effective tax rate going forward.
Trans Mountain Pipeline Canada awards services contract
WorleyParsons is pleased to announce the award of a service contract by Trans Mountain Pipeline L.P. in Canada.
Under this service contract, WorleyParsons will provide skilled resources as an extension to the Trans Mountain Expansion Project (TMEP) management team for construction monitoring and inspection on the TMEP. The pipeline will carry oil from Alberta, through the Rocky Mountains to the British Columbia coast for export to international locations.
WorleyParsons board changes
WorleyParsons Limited is pleased to announce the appointment of Mr Tom Gorman to the Board of Directors effective 18 December 2017. WorleyParsons also announces that Mr Jeet Bindra has given notice of his resignation from the Board of Directors effective immediately for personal reasons.