Posts Tagged ‘Engineering Services’

    • Worley Parsons Acquires Brazilian CNEC Engenharia

    Tuesday, January 5th, 2010

    WorleyParsons (WOR) and Brazilian conglomerate Camargo Correa today announced an agreement for WorleyParsons to acquire CNEC Engenharia (CNEC), the stand alone engineering and project management operation of the Camargo Correa E&C division. The purchase price will be BRL170.0 million comprising BRL130.0 million in consideration and BRL40.0 million which will be initially retained by the business as a non-core asset. The business’ pro-forma EBITDA (earnings before interest tax depreciation and amortization) for the year ending June 2010 is estimated to be BRL24.5 million.

    The capability of CNEC, based in Sao Paulo, Brazil complements the existing capabilities of WorleyParsons’ resource and energy businesses and provides a springboard for the next phase of WorleyParsons’ growth across South America. CNEC has built a regional and international reputation in thermoelectric and hydroelectric plants, subways, ports, airports, highways, wastewater, industrial plants, refining and distributing oil and gas, petrochemical and urban development throughout Brazil and in Latin America and Africa.

    Robert Edwardes, Managing Director of WorleyParsons’ United States and Latin America region commented: “The acquisition of CNEC is key to WorleyParsons achieving growth and expanding our hydrocarbons, power, infrastructure, mining and metals capability by incorporating CNEC’s globally recognized multi-discipline capabilities. CNEC will be a significant enhancement to WorleyParsons’ Latin American group. Also commenting, the President of CNEC, Mr. José Ayres de Campos said: “Joining WorleyParsons is an exciting development for CNEC, which celebrated its 50th year of business just last year. This merger of complementary talent will enable CNEC to grow geographically while adding to our core technical areas of expertise enabling us to provide our clients with a more comprehensive service both domestically and internationally.”

    WorleyParsons is a leading provider of professional services to the energy, resource and complex process industries. WorleyParsons’ business has been built by working closely with customers through long-term relationships, anticipating their needs and delivering inventive solutions through streamlined, proprietary project delivery systems. With 28,800 employees in 110 offices and 37 countries, its service capability covers the entire project lifecycle: from identifying the opportunity to the operating phase. CNEC is part of the Engineering & Construction (E&C) Division of the Brazilian conglomerate Camargo Correa and became a wholly owned subsidiary in the 1990s. CNEC services the downstream hydrocarbons, minerals and metals, hydroelectric, infrastructure (transport, water/wastewater) and environmental industries of Brazil. It is an established leader in Brazil hydro-power, with a world class capability.

    www.worleyparsons.com

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

    VDM Group Secures $79 millon Contract with Rio Tinto

    Wednesday, December 23rd, 2009

    VDM Group (VDM) is pleased to announce that its wholly owned subsidairy , Wylie and Skene Pty Ltd has been awarded a $79 million contract with Rio Tinto’s subsidiary Robe River Mining Co Pty Ltd. The award of this contract grows VDM’s total order book value to approximately to $400 million. This contract broadens the spread of VDM Group’s order book across the major corporations of Rio Tinto, BHP Billiton, CP Mining, Woodside Petroleum and Fortescue Metals Group. Under the terms of the contract, Wylie and Skene will undertake a major refurbishment of the Pannawonica township including the refurbishment of 19 existing commercial and infrastructure buildings, and a construction of a new service station and a light vehicle workshop within the town.  The project is expected to be completed within 30 months with revenue expected to be booked in FY10 to FY12.

    Wylie and Skene’s Managing Director, Mark Nagle believes this contract win highlights the depth of VDM Group relationship with blue chip clients such as Rio Tinto. “This contract continues a relationship that Wylie and Skene has built with Rio Tinto over 35 years”, he added.   “This large project builds on the success we have enjoyed with major clients including Rio Tinto and Woodside Petroleum over the past few years”.

    VDM Group is structured into 3 major operating divisions namely Consulting, Construction and Resources and Infrastructure. Within each division, there are specialised companies offering a comprehensive range of services which enables it to deliver a one stop design, construction and project management services to its clients.

    www.vdmgroup.com.au

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

    Neptune Marine Services Secures $20 million In New Contracts

    Friday, November 27th, 2009

    Neptune Marine Services Ltd (NMS) today announced that it has been awarded a new round of international contracts for some of the oil and gas industry’s leading operators. Spanning all of the world’s major geographic regions, the contracts include- A combined services project off the West Australian coast for global exploration and production company, Apache Energy; Various pipeline stabilisation and free span rectification projects including that for the Pipeline Replacement Project 2 being carried out by Leighton International for India’s Oil and Natural Gas Corporation; A range of inspection and maintenance support services on Australia’s North West Shelf including a five-year program of inspection services for a leading FPSO operator; Design and manufacture of specialist subsea equipment for some of the oil and gas industry’s major multinationals; and Extended fabrication scope on the Pelamis Wave Power Eon Project in the UK that generates electricity from wave energy.

    Neptune’s Managing Director and CEO, Christian Lange, said the new round of work, valued at more than $20 million, was indicative of the improving domestic and international oilfield service environment.

    Neptune Marine Services (NMS) is one of Australia’s leading providers of engineered solutions to the international oil and gas, marine and renewable energy industries. The company employs more than 600 people in Australia, the UK, USA and Asia and provides a full suite of innovative services including subsea and pipeline engineering; commercial diving; specialist fabrication; inspection, repair and maintenance; pipeline stabilization and protection; ROV and vessel supply; hydrographic surveying and geophysical services; project management; rope access and tension netting IRM; and the patented NEPSYS dry underwater welding technology.

    www.neptunems.com

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

    Transfield Services Acquires Industrial Contract Designers

    Thursday, November 12th, 2009

    Transfield Services (TSE) will boost its engineering capabilities with today’s signing of the agreement to acquire Industrial Contract Designers (Asia Pacific) Pty Ltd (ICD) from Shell Australia for A$13  million. ICD’s team of 180 people delivers engineering and design of maintenance and brownfield projects to the hydrocarbons, processing and related industries.

    Transfield Services’ Managing Director and Chief Executive Officer, Dr Peter Goode said today: “ICD will broaden our service offerings by giving us the ability to integrate engineering services into our   high quality maintenance and project service delivery capabilities. This acquisition will also give ICD access to a much wider range of clients in new industries such as water, power, mining and processing globally.”

    Established in 1970, ICD has long-standing engineering services relationships with major petrochemical customers in Australia. Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates,  Qatar, India, Malaysia, Chile and New Caledonia.

    www.transfieldservices.com

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

    Coffey International Secures $100 million AusAID Contract

    Monday, September 14th, 2009

    Global  professional  services  consultancy  Coffey  International  Limited  (COF)  today  announced that  subsidiary Coffey International Development has been awarded a  A$100  million, five-year project managed and financed by AusAID for the Philippines Provincial Road Management Facility (PRMF). The project is part of an Australian Government intervention in road rehabilitation and maintenance  in the southern Philippines.  PRMF is  aimed at  increasing  economic  activity and improving public access to  infrastructure  and  services  in  the  region.  It  will  contribute  towards  this  goal  by  rehabilitating  and maintaining  a  core  road  network   in  s elected  provinces  and  by  strengthening  the  capacity  and governance systems of the Government of the Philippines.

    To ensure  the  successful  implementation  of complex  projects such as the PRMF, Coffey International Development  can  tap  into  its  broad  range  of  engineering,  technology  and  project  management services .  These  are  supported  by  Coffey  International  Development’s  best  practice  approaches  to governance, institutional capacity building, environmental management  and  sustainable development. Coffey International  Development’s knowledge of Geographical  Information Systems (GIS) to capture road  information  and  the  location  of  community  services  will  also  help  targeted  provinces  improve service delivery and efficiently manage road sector plans.

    Managing director Roger Olds said that he was very  pleased to see Coffey International Development going from strength to strength. “This contract is one of  several major project wins by Coffey International Development in the past six months  throughout  the  world  reflec ting  the  outstanding  strategic  work  that  has  been  done  in  this business. Coffey International Development is well plac ed to continue delivering good profit  growth as well as strengthening its position as a global player in this market. “In addition to winning new tenders, a number of contracts have been extended in the past 12 months, proving  Coffey  International  Development’s  reliable  performance  in  delivering  high  quality  services and  commitment to  the  Coffey group’s v ision of being ‘global spec ialists  solving emerging  challenges to improve the lives of communities’.”

    Parent company Coffey International Limited is a global professional services consultancy providing specialist expertise in the delivery in social and physical infrastructure. Coffey International Limited (COF) has been operating for 50 years. It has a range of specialist businesses working in the social and physical infrastructure markets, and collectively, it aims to achieve our vision: to be global specialists solving emerging challenges to improve the lives of communities.

    www.coffey.com

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

    Downer EDI To Acquire Western Construction

    Monday, August 31st, 2009

    Downer EDI Limited (DOW) today announced it has signed a conditional agreement to acquire Western Construction Co, a leading provider of specialized mechanical fabrication, construction and mechanical maintenance services to the oil and gas and resources sectors.

    Downer Group Chief Executive Officer, Geoff Knox, said the acquisition, scheduled for completion in September 2009, reinforces the Group’s position as a leading supplier of mechanical services to the Australian resources and energy sectors. “The acquisition of Western Construction Co enhances our mechanical construction and maintenance capabilities and further strengthens our ability to capitalise on the significant growth opportunities emanating from the energy and resource sectors, particularly the LNG and iron ore markets in Western Australia,” Mr Knox said. “This acquisition is consistent with our strategy of seeking bolt-on investment opportunities which offer value, scale and competencies adjacent and parallel to Downer EDI, with the ability to ultimately deliver a greater service offering to our customers.” “Downer’s broad design, consulting, engineering, rail and mining capabilities, combined with our strong client base across Australasia, position us well to capitalise on the significant opportunities in the region, in particular the large LNG projects earmarked for the west,” Mr Knox said.

    Western Construction Co’s operations are based out of Kwinana in Western Australia. The Group carries expertise in engineering design, project management, fabrication, construction, installation, commissioning and refurbishment as well as whole-of-life plant and equipment maintenance and shutdowns. During the past 35 years Western Construction Co has successfully delivered a range of servi ces across Australasian projec ts in the oil and gas, resourc es and mining and heavy industrial sectors.

    Downer EDI Limited is an Australian top -100 company that provides comprehensive engineering and infrastructure management services to the public and private transport, energy, infrastructure, communications and resources sectors, across Australia, New Zealand, the Asia Pacific region and the United Kingdom.

    www.downeredi.com

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

    Greencap and Emerson Stewart to Merge

    Thursday, August 27th, 2009

    Greencap (GCG) and Emerson Stewart (ESW) are delighted to announce the execution of a Heads of Agreement to give effect to the merger of the two groups by scheme of arrangement under the Corporations Act.

    “The merger of the two groups will create a significant national market presence in the risk management, environmental, project management and engineering and diagnostic sectors” agreed Jeffrey Broun and Dario Amara, the respective MD’s of each of the companies. “This merger creates the opportunity to generate further revenues and value from the existing businesses by combining Greencap Group’s excellent stable of companies in diversified but complementary business areas, national footprint, strong revenue lines and institutional shareholder base, with Emerson Stewart’s project management and engineering consultancy operations with strong WA focus. It will result in a company with an experienced Board, strategic leadership capability and a strong balance sheet”.

    The Scheme of Arrangement is to be proposed by Emerson Stewart on the basis that Greencap will acquire Emerson Stewart shares on a 1:1 basis (with any outstanding Emerson Stewart options being acquired or otherwise replaced on comparable terms to those existing options). Post merger the “new” Greencap shareholder base is expected to comprise approximately 28.5% existing Emerson Stewart shareholders and 71.5% existing Greencap shareholders.

    The Greencap group’s scope of services ranges from occupational health & safety matters, hazardous materials, contamination, environmental matters / licensing approvals through to biological sciences, laboratory testing and water and energy efficiency advice. The Risk Management sector is the core competency for Greencap.   Established in 2005 with headquarters in Perth, Western Australia, Emerson Stewart is a project implementation and advisory group providing services across: Resources + Energy: minerals; oil + gas; power generation + distribution; chemicals; Infrastructure: urban development; building + property; aviation; water +environment; defence etc. Emerson Stewart has a strong network of corporate customers.

    www.greencap.com

    www.emersonstewart.com

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

    Decmil Awarded $36 million Contract Extension By BHP

    Monday, August 17th, 2009

    WA-based engineering and construction company, Decmil Group Limited (DCG) today announced its wholly owned subsidiary Decmil Australia Pty Ltd has been awarded a A$36 million variation for Stage 2 of BHP Billiton Iron Ore’s Port Haven accommodation village in Port Hedland. The contract includes the installation of 800 two-storey accommodation rooms and a wet mess. This variation to the original contract awarded by BHP Billiton Iron Ore to Decmil in May 2009 brings the total contract value to approximately A$100 million. Stage 1 of this contract comprised the single story components for the village.

    Decmil Group Limited CEO Scott Criddle said this additional work lifts the group’s total forward order book to A$384 million of which approximately A$240 million relates to FY 2010, subject to project timing. “Decmil currently has the resources to service contracts to the value of up to A$500 million,” Mr Criddle said. “With recent upgrades in our company systems and processes, and with our continually strengthening financial position, we remain confident in maintaining Decmil’s solid reputation for producing quality work on time and on budget for this and other recently announced larger value contracts. This new contract is further recognition of Decmil’s solid reputation with blue-chip companies and provides DGL with a solid platform for future growth,” Mr Criddle said.

    The design work for Stage 2 and on-site work is expected to commence immediately. Decmil’s current project portfolio includes: Chevron’s Gorgon Accommodation Project (part of TDK JV), work on three significant contracts for Woodside’s Pluto LNG Gas Project, BHP Billiton’s Rapid Growth Project 5 and Rio Tinto’s Brockman iron ore project.

    www.decmil.com.au

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

    Ausenco Acquires Stake in Kramer Group

    Friday, August 14th, 2009

    Ausenco Limited (AAX) has acquired a 50% equity interest in Kramer Group, a leading Papua New Guinean-based engineering company, providing a strategic local presence and access to the region’s growing energy and resources market.

    Ausenco Chief Executive Officer Zimi Meka said “the acquisition solidifies Ausenco’s presence in an area of strategic importance to the oil and gas and resources sectors and enhances the solutions that Ausenco and Kramer offers to key clients in the region.” “KramerAusenco will provide a strong local presence and extensive infrastructure expertise in the South Pacific region, where investment in natural gas, gold and base metals is expected to grow significantly in the near future,” Mr Meka said. “Kramer’s local experience, combined with our global expertise and strong balance sheet support, positions us well to deliver the significant projects planned for this region. Kramer Group already has a familiarisation with some of these projects, having provided early works services to support the multi-billion dollar PNG LNG project.”

    With annual 2008 revenues of $7 million, Kramer Group has been operating for over 30 years and is the largest engineering and project management company in the South Pacific region. Ausenco will have representation on the KramerAusenco Board, while KramerAusenco will have access to the full suite of Ausenco services and capital management. KramerAusenco’s results will form part of Ausenco’s process infrastructure business line.

    The Ausenco Group provides world leading engineering, project management and operations solutions to the global resources and energy sectors. From 26 offices in 13 countries, the group combines expertise, experience and resource capabilities to deliver innovative solutions to the minerals, infrastructure, energy, oil and gas and consulting and environmental sectors across the full project lifecycle, from front end solutions, through innovative engineering and EPCM delivery to operational support.

    www.ausenco.com

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

    Newer Entries »