Posts Tagged ‘Clough’

ASX Company News: Clough Secures Wheatstone LNG Jetty Construction Contract

Friday, February 10th, 2012

Engineering and construction company Clough Limited (CLO) announced that the BAM Clough Joint Venture has been awarded a contract by international oil and gas service company Bechtel, for the design and construction of the Chevron-operated Wheatstone Project LNG product loading facility and tug berths near Onslow, Western Australia. The contract is valued at approximately A$400 million.

The scope of work includes the design and construction of a 1.2 kilometre jetty with operations platform, a product loading platform with a single LNG and condensate load out berth, and associated piping modules and piping installation. At peak, the contract will result in approximately 200 jobs, the majority of them in Australia. This includes 15 in the Pilbara region, 90 in Western Australia and 30 elsewhere in Australia. Engineering, procurement and planning work for the project will commence in February 2012 with construction activities on site scheduled to start third quarter 2013. The project is scheduled for completion in fourth quarter 2016.

Clough’s Chief Executive Officer Kevin Gallagher said “This contract represents significant growth for our near shore marine construction business, which was established with long-term partner BAM in 1964. Forty-eight years later we are still fully committed to this business. With major LNG and minerals projects requiring load out jetties and near shore marine infrastructure, we are seeing more near-term opportunities relating to the Australian resources boom than ever before”.

www.clough.com.au

http://www.traderdealer.com.au/Fundamentals/clo

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough Secures $140 million LNG Project Contract

Wednesday, February 8th, 2012

Engineering and construction company Clough Limited (CLO) announced that the BAM Clough Joint Venture has received a Letter of Intent (LOI) from JGC Corporation, KBR and Chiyoda Corporation joint venture (JKC JV) for a contract valued at $A140 million. The scope of work involves the design and construction of the Ichthys LNG Project Module Offloading Facility (MOF) near Darwin, Northern Territory. The MOF will be constructed as part of the INPEX-operated Ichthys LNG facility being developed in Darwin. It is a key facility that will be used to offload modules being supplied under other subcontracts to assemble the LNG liquefaction plant. Under this LOI, expenditure is limited for BAM Clough to the commencement of engineering, procurement and planning work for the project. Construction activities for the MOF are scheduled to commence in early 2013 with MOF project completion anticipated in early 2014. At peak the MOF project will employ a workforce of 130.

Clough’s Chief Executive Officer Kevin Gallagher said “This award represents further growth in our near shore marine construction business, delivered through our long- term joint venture BAM Clough. We are delighted to further strengthen our relationship with valued partner BAM, and are excited at the prospect of delivering excellent project outcomes for the JKC JV and ultimate client INPEX.”

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service to oil and gas and mineral resources projects primarily in Australia and South East Asia. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance. BAM International brings the construction and construction-related services of the Dutch based Royal BAM Group to Africa, Australia, the Middle East and Gulf States, Asia Pacific and the Americas. These services include general building, marine works, infrastructural and industrial projects.

www.clough.com.au

http://www.traderdealer.com.au/fundamentals/clo

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough Secures $145 million Of Contracts For PNG LNG Train

Monday, January 30th, 2012

Engineering and construction company Clough Limited (CLO)  announced that the Clough Curtain Joint Venture (CCJV) has received work orders worth approximately A$145 million associated with the PNG LNG Upstream Infrastructure contract. The PNG LNG Project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities. Participating interests are affiliates of Exxon Mobil Corporation (including Esso Highlands Limited as operator, 33.2 percent), Oil Search Limited (29.0 percent), National Petroleum Company PNG (PNG Government, 16.6 percent), Santos Limited (13.5 percent), Nippon Oil Exploration (4.7 percent), Mineral Resources Development Company (PNG landowners, 2.8 percent) and Petromin PNG Holdings Limited (0.2 percent).

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service to oil and gas and mineral resources projects primarily in Australia and South East Asia. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance.

www.clough.com.au

http://www.traderdealer.com.au/fundamentals/clo

Post to Twitter

Tags: , , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough Awarded Contract Extension By ConocoPhilips

Thursday, October 20th, 2011

Engineering and construction company Clough Limited (CLO) announced that Clough AMEC has been awarded a two year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu-Undan facilities located in the Timor Sea. The contract extension has an estimated value of AU$100 million.

Clough AMEC is an incorporated joint venture established to provide engineering, operations and maintenance services to clients in the Australasian hydrocarbons industry. The joint venture has provided operations and maintenance services to the Bayu-Undan facilities since July 2004.

“We are delighted to continue our long-term relationship with valued client ConocoPhillips on this important contract” said John Smith, Clough CEO.  “Clough AMEC has a long history of supporting ConocoPhillips on Bayu Undan and this award reinforces the strength of our relationship and our commitment to the successful operation of this facility” said AMEC Director Australia and South EastAsia, Steve Ciccone

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service to oil and gas and minerals projects in Australia and South East Asia. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance.

AMEC is a focused supplier of consultancy, engineering and project management services to its customers in the world’s oil and gas, minerals and metals, clean energy, environment and infrastructure markets. With annual revenues of around £3 billion, AMEC designs, delivers and maintains strategic and complex assets and employs more than 27,000 people in around 40 countries worldwide.

www.clough.com.au

http://www.traderdealer.com.au/fundamentals/clo

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough and Downer Awarded Engineering Contract

Friday, August 26th, 2011

Engineering and construction company Clough Limited (CLO) announced that the Downer Clough Joint Venture (DCJV) has been awarded an Early Contractor Involvement (ECI) contract by CSBP Limited for the Ammonium Nitrate/Nitric Acid Plant Number 3 (NAAN3). DCJV is a 50:50 joint venture between Clough and engineering and infrastructure management services group, Downer EDI Limited. The scope of work for the ECI phase involves a detailed review of current engineering and procurement documentation in collaboration with CSBP, to establish an execution plan and budget for the Engineering, Procurement and Construction (EPC) phase of the NAAN3 project which forms part of CSBP’s wider ammonium nitrate expansion proposed for its site in Kwinana, Western Australia.

“Clough has a long history with the Kwinana strip and is pleased to be returning to assist CSBP with the NAAN3 project. Successful completion of the ECI phase of this project will position Downer Clough for the EPC phase, which has an initial estimated value of approximately $200 million. We will work closely with our valued partner Downer to bring the best Australian engineering and project management resources to this important project” said Clough’s Chief Executive Officer John Smith.

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance. Downer EDI Limited provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand, the Asia Pacific region and the United Kingdom. CSBP Limited is a major manufacturer and supplier of chemicals, fertilisers and related services. CSBP Limited is a subsidiary of Wesfarmers Limited and part of the Wesfarmers Chemicals, Energy & Fertilisers division.

www.clough.com.au

http://www.traderdealer.com.au/fundamentals/clo

www.downergroup.com

http://www.traderdealer.com.au/fundamentals/dow

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough Limited Sells Offshore Division

Tuesday, August 9th, 2011

Clough Limited (CLO)  announced that it has agreed to sell its offshore Marine Construction Division to SapuraCrest Petroleum Berhad, a company listed on the Malaysian stock exchange, for gross proceeds of approximately AUD127m in cash. The companies have entered into a conditional Master Sale and Purchase Agreement with certain conditions precedent. Clough’s offshore Marine Construction Division includes the derrick lay barge, Java Constructor, and associated marine construction equipment. Also included will be Clough’s interest in the Clough Helix Joint Venture, which operates the chartered Normand Clough vessel, and its investments in specialist engineering businesses, OFI and Peritus. Relevant contracts including the Chevron Gorgon Domestic Gas pipeline project are proposed to be novated. Post transaction the division will continue to operate from Perth with a continuing focus on both the Australian and regional markets. Clough will continue to provide a number of back office services to the business for a period of two years. The sale will see Clough exit the asset intensive offshore marine construction market.

Clough CEO, John Smith said, “Whilst Clough has enjoyed a long history of successfully executing marine construction projects, it is a sector where significant capital investment is required to compete with the larger regional and global players. Our results have been lumpy in this division and consistency requires scale, flexibility of assets and broad geographic coverage. We believe SapuraCrest will bring these characteristics and we wish them and the skilled workforce who will transfer every success for the future. Opportunities abound in the Australian gas and mineral sectors. Our strategy remains that of Engineering led EPC and this transaction leaves Clough with significant net cash and with capacity for further investment.”

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance.

www.clough.com.au

http://www.traderdealer.com.au/fundamentals/clo

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough In Discussions Regarding Marine Business

Thursday, July 7th, 2011

Further to the article in today’s Financial Review, engineering and construction company Clough Limited (CLO) confirmed that it is currently in discussions with SapuraCrest Petroleum Berhad (SapuraCrest) regarding its Marine Construction business.  These discussions may result in a sale transaction, cooperation and/or other business arrangement.

Whilst the parties continue to make good progress with their discussions, no binding arrangements have been entered into and there is no assurance that any transaction will ultimately be agreed or consummated with SapuraCrest or any other company. Clough will provide further updates to the market on these discussions as appropriate.

www.clough.com

http://www.traderdealer.com.au/fundamentals/clo

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough Secures $25 million Oil Search Contract

Thursday, March 24th, 2011

Engineering and construction company Clough (CLO) today announced that Clough AMEC, an incorporated 50/50% joint venture between Clough and AMEC, has been awarded a cost reimbursable contract valued at approximately AU$25m, to provide construction management and execution services for the rejuvenation of Oil Search Limited’s Kumul Marine Terminal. The terminal is located approximately 40 kilometres off the southern coast of PNG and exports crude oil via tanker offloading facilities. The scope of work includes construction management, pre-mobilisation preparation and project materials staging prior to offshore implementation. The offshore execution will involve supervision and management of trades labour. The onshore preparation component has commenced and will run through until the end of 2011. The offshore work will last approximately four months with project completion planned for April 2012.

Clough CEO John Smith said “We are delighted to be selected by Oil Search to assist with this important rejuvenation project.  The award recognises the investment we have made in strengthening the management team and project delivery systems in the business.  We will work diligently with our long term partner AMEC and draw on our 26 years of experience in PNG to deliver safe and successful project outcomes for Oil Search.” AMEC Director Australia and South East Asia, Steve Ciccone said “This award is recognition of the strength of services offered by the high calibre team at Clough AMEC. Together, we look forward to working alongside Oil Search to further develop this important asset.”

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group’s services range from concept development through design, construction, installation, commissioning, operations and

maintenance. Backed by an experienced management team, over 3,300 personnel around the world and sophisticated project management systems, it is recognised for its commitment to safety, sustainable development and the wellbeing of the people, communities and environments in which it operates.

AMEC is a focused supplier of high-value consultancy, engineering and project management services to the world’s oil and gas, minerals and metals, clean energy, water and environmental sectors. With annual revenues of almost £3 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. The company employs some 22,000 people in around 40 countries worldwide.

www.clough.com.au

http://www.traderdealer.com.au/Fundamentals/clo

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough Secures Indonesian Contract

Friday, February 4th, 2011

Engineering and construction company Clough Limited (CLO) are pleased to confirm details of an offshore contract, awarded in December and referred to via an announcement made by the Company on 20 December 2010. Clough and partner PT Advanced Offshore Services have been awarded a contract by ConocoPhillips for remedial work located in the Natuna Sea, Indonesia. The scope of work involves a mooring buoy, mooring chains, risers and umbilicals, in water depths of approximately 90 metres. These operations shall be diver-assisted and carried out from Clough’s derrick lay barge, Java Constructor. Preparatory work and offshore mobilisation has commenced.

“We are delighted to be selected by ConocoPhillips for this important piece of work and will work diligently to deliver a safe outcome.” said Clough’s CEO John Smith.

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance. Backed by an experienced management team, over 3,000 personnel around the world and sophisticated project management systems, it is recognised for our commitment to safety, sustainable development and the wellbeing of the people, communities and environments in which we operate.  PT Advanced Offshore Services are a diving and ROV contractor operating in South East Asia, Middle East and India utilising technical and logistic support from Advanced Offshore Contractore Pvt Ltd, India.

www.clough.com.au

www.advancedoffshore.in

http://www.traderdealer.com.au/Fundamentals/clo

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Clough Receives $300 million Contract For Gorgon Project

Friday, December 17th, 2010

Engineering and construction company Clough Limited (CLO) announced that Chevron Australia has entered into a contract valued at approximately A$300 million with the Clough Sea Trucks Joint Venture (CSJV) for the Domestic Gas (DOMGAS) scope of work on the Gorgon Project. CSJV is a joint venture between Clough and Sea Trucks Australia established for the purpose of tendering and executing a variety of offshore works on the Gorgon Project. Participating interests vary from scope to scope. The work involves the transportation and installation of approximately 90kms of 20 inch pipeline, both offshore and onshore, from Barrow Island to the Dampier Bunbury Natural Gas Pipeline. Clough will carry out project management and installation engineering (including HSE, quality and quarantine management) from their headquarters in Perth.

“As an Australian company headquartered in the West, Clough is proud to be chosen for the Gorgon DOMGAS project,” said Clough’s CEO John Smith. “I am pleased for our Marine Construction team who have put in an enormous effort over the past 15 months to secure this substantial contract which underpins backlog through the 11/12 financial year.”

Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group’s services range from concept development through design, construction, installation, commissioning, operations and maintenance. Backed by an experienced management team, over 3,000 personnel around the world and sophisticated project management systems, we are recognised for our commitment to safety, sustainable development and the wellbeing of the people, communities and environments in which we operate. The Sea Trucks Group is an international group of companies offering marine services to the offshore oil and gas industry worldwide. From offices in West Africa, Middle East, Europe, SE Asia and Australia the group offers its customers a wide range of services from sub-sea construction and SURF solutions to accommodation hook-up and fabrication supported by a multi-cultural workforce of more than 2,000 persons.

www.clough.com.au

www.seatrucksgroup.com

http://www.traderdealer.com.au/Fundamentals/clo

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

« Older Entries