Posts Tagged ‘engineering’

UGL Secures $100 million Train Order

Tuesday, April 20th, 2010

UGL Limited (UGL) today announced that its rail division has secured new freight rolling stock and wagon orders with QR Limited, valued at $100 million. The manufacturing and delivery orders include 4 x C44ACi locomotives for operation in the Hunter Valley; 160 x QHBH freight wagons for operation in the Hunter Valley; and 200 x VCB freight wagons for operation in the Bowen Basin. The manufacturing and delivery of these orders with QR will be undertaken through a number of the company’s Australian rail facilities including those in New South Wales and Queensland.

UGL’s Managing Director and CEO, Richard Leupen, said: “These recent successes in our rail  business reflect the continued strength in the resources sector and expanding opportunities currently being experienced in the Australian freight market. They also reflect our ability to efficiently source and deliver high quality, cost effective and reliable rail freight solutions to our customers. We are pleased that QR has chosen to expand their long association with UGL.” Mr Leupen added: “The business is currently experiencing a near record level of tendering activity across all of the company’s operations supporting increasing levels of visibility and confidence as we move forward.”

UGL (UGL) is an engineering, maintenance and facilities management company operating in the rail, water, power, transport, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services (incorporating UGL Premas, UGL Equis and UGL Unicco). Headquartered in Sydney, Australia, UGL operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 41,000 people.

www.ugllimited.com

Downer EDI Secures $750 million Of New Contracts

Friday, February 5th, 2010

Downer EDI Limited (DOW) announced it has secured more than $750 million worth of new contracts.  Downer Managing Director and CEO, Geoff Knox, said the new contracts which include significant wins in the rail, resources, energy and infrastructure sectors, demonstrate the market’s continuing confidence in the Group.

“These wins reinforce Downer’s position as a leading provider of rail manufacturing; mechanical, electrical and instrumentation contracting; road maintenance and construction; transmission lines; and consulting services across the Asia Pacific region,” Mr Knox said. “We have secured more than $400 million worth of contracts to deliver both standard and narrow gauge locomotives for coal haulage in New South Wales and Queensland as well as locomotives for iron ore haulage in the Pilbara,” Mr Knox said.

“Our Works division has secured more than $160 million worth of contracts for clients in Australia, New Zealand and the Pacific Islands and our Consulting division has secured new contracts with clients including VicRoads and AbiGroup.

“The Engineering division has secured approximately $120 million worth of new contracts for major clients including TransGrid and we are buoyed by the significant increase in tendering opportunities emanating from the energy and power sectors during the past few months”, Mr Knox said.

“The Mining division has signed a $77 million, three-year contract to provide blasting services to Felix Resources at its Minerva and Yarrabee Mines in Queensland, and Moolarben and Ashton Mines in New South Wales.

The Group continues to maintain a work-in-hand balance in excess of $16 billion.

www.downeredi.com

Southern Cross Engineering Acquires Oceanic Industries

Tuesday, February 2nd, 2010

Southern Cross Electrical Engineering Ltd (SXE) today announced the execution of an agreement to acquire Queensland based electrical and instrumentation specialist, Oceanic Industries Pty Ltd (“Oceanic”). To date Oceanic has focussed on the coal seam gas (“CSG”) market and retains a blue-chip customer base including: QGC, Origin, Santos, Arrow and Cougar. In addition to servicing the CSG market, Oceanic undertakes electrical and instrumentation installations as a preferred contractor to the BP and Caltex refineries in Queensland.

Oceanic’s revenue for FY09 was $12.9m which delivered normalised earnings before interest, tax, depreciation and amortisation of $3.0m. The acquisition price is $12.4 million and will be funded through a combination of existing cash reserves ($3.4m), equity ($4.0m) and debt ($5.0m) with settlement expected to be finalised on 26 February 2010. The acquisition will be immediately EPS accretive.

SXE Managing Director, Mr Stephen Pearce said “SXE welcomes the team from Oceanic to the SXE Group and looks forward to substantially growing the Oceanic business. This acquisition presents a strong strategic fit with SXE’s acquisition criteria and will augment the pursuit of a range of SXE’s key growth objectives, particularly:

  • Oceanic provides an excellent platform to grow SXE’s overall presence in the Queensland market.
  • It further expands SXE’s presence in the growing energy sector.
  • Provides organic revenue growth opportunities – SXE to strengthen its footprint in the Queensland power line and mining electrical construction markets that Oceanic currently does not participate in.
  • Existing Oceanic senior management team to strengthen SXE’s skill base in the Oil and Gas sector – specialised capability in Hazardous areas.
  • Strengthens tendering capability for key Queensland based contracts.

SXE is currently finalising the results for the first half and expects to report an underlying consolidated net profit after tax result of between $4.5m and $4.8m from revenue of $38.8m.

www.scee.com.au

Decmil Group Awarded $74 million Contract for Gorgon Project

Thursday, December 24th, 2009

Perth-based engineering and construction company Decmil Group Limited (DCG) today announced that its wholly-owned subsidiary, Decmil Australia Pty Ltd has been awarded a $74M sub-contract by Thiess Pty Ltd for the design and construction of temporary construction facilities which form part of Thiess’ Site Preparation & Temporary Construction Facilities contract for the Gorgon Project. The scope of work includes: the installation of temporary facilities, the supply/installation of warehouses   and workshops and related engineering and design. On-site work is expected to commence mid 2010 with practical completion anticipated in September 2011. The contract award increases DGL’s order book to A$350 million, of which approximately A$132 million will be completed in the 2009/10 financial year with A$218 million in the 2010/11.

Decmil Group Limited CEO Scott Criddle said “In the past 12-18 months, Decmil Australia has been diligent in its approach to securing significant contracts in the Western Australian resources and oil and gas sectors. Securing another Gorgon contract is yet another reflection of the strong standing and respected relationships Decmil has built with major companies in the oil and gas sector, including Chevron and the Kellogg Joint Venture.”

Decmil Group Limited (DCG) is a multi-disciplined design, civil engineering and construction company focussed on delivering integrated solutions to blue-chip clients in the oil and gas, resources and infrastructure sectors in Western Australia through a group of wholly-owned subsidiaries. Decmil Australia Pty Ltd is a leading provider of engineering construction, maintenance and industrial services to Australia’s resources, energy and infrastructure sectors. The company offers a wide range of construction and maintenance services, specialising in non-process infrastructure on remote sites. Decmil has been contracted to design, build and commission temporary and permanent accommodation villages, administration buildings, maintenance facilities and storage facilities for some of the world’s leading resource companies.

www.decmil.com.au

www.decmilgroup.com.au

Transfield Services and Worley Parsons Secure $76 million Phillipines Contract

Thursday, December 10th, 2009

Transfield Services (TSE) with WorleyParsons’ (WOR) joint venture (TSWP) today signed a seven-year contract valued at approximately AUD$76 million to deliver integrated services to Shell Philippines Exploration at its Malampaya gas facility. The contract includes a three-year extension option. TSWP will provide the base engineering, procurement, construction, maintenance and shutdown services to the Malampaya facilities from 1 January 2010, and will have the opportunity to access additional high value capital works during the lifetime of this contract. These facilities include a shallow water offshore platform off the island of Palawan and 500 kilometres of sub-sea pipeline, an onshore gas processing plant at Batangas, south of Manila, and an onshore gas pipeline to two power stations within Batangas.

Managing Director and Chief Executive Officer of Transfield Services, Dr Peter Goode, said today: “We deliver integrated services to oil and gas clients globally to improve their assets reliability and productivity, including RasGas in Qatar. This expertise will be essential to Shell in the Philippines, which supplies gas to meet 40 per cent of the country’s needs.” WorleyParsons’ Chief Executive Officer, Mr John Grill, said: “Shell has the benefit of TSWP’s world class systems and extensive track record in the delivery of maintenance, shutdowns and project delivery to hydrocarbon facilities both inside and outside Australia. This includes Shell Todd Oil Services in New Zealand and Woodside in Australia. Clients can concentrate on their core business while we support their plant running smoothly.”

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

Logicamms Acquires MPA Consulting Engineers

Tuesday, December 8th, 2009

LogiCamms Limited (LCM) has reached agreement to acquire MPA Consulting Engineers (Australia) Pty Ltd, expanding its range of services and its ability to deliver larger, more complex projects. MPA is an established, multi-discipline engineering firm that specialises in providing civil, structural and mechanical engineering design services, complementing LogiCamms’ existing electrical, control and process engineering specialist business. MPA boasts a blue chip client base across the oil & gas, mining, energy and infrastructure sectors. The acquisition provides LogiCamms with new capabilities and services, which will drive revenue diversification and present new growth opportunities. The acquisition is expected to be earnings per share accretive and is expected to lift the revenue and profit of the LogiCamms group by approximately 25%. It is expected that the acquisition will add up to $60m in new project opportunities to the LogiCamms sales pipeline. LogiCamms anticipates that MPA will deliver (on a normalised, annualised, standalone basis) earnings after tax of between $2m and $2.4m for FY2010.

LogiCamms Managing Director Adam Keats said the MPA acquisition was an important step in LogiCamms’ growth strategy. “We are confident that this acquisition will drive considerable national and international growth opportunities for LogiCamms, and allow the company to further consolidate its position in the Australian market,” he said. “We will be able to leverage our existing customer base to take on larger and more comprehensive engineering projects, effectively increasing LogiCamm’s value proposition to existing and new clients. “We have had a long standing working relationship with MPA and we are excited about the opportunity to integrate the MPA business, to further reinforce LogiCamm’s position of leadership in the Australian market place.” Mr Keats said the combination of LogiCamms’ operational experience and the combined group’s engineering design and construction experience would provide considerable expertise for clients requiring services for turn-key projects.

The total acquisition price of approximately $10.8 million consists of $5 million in cash and the issue of approximately 6.8 million new shares to the owners of MPA at an issue price of 85 cents per share. The shares issued to the owners of MPA will be subject to a voluntary escrow of 6 months. In addition, LogiCamms will issue up to 700,000 unlisted options to employees of MPA pursuant to LogiCamms’ Executives and Employee Share Option Plan. The board is considering a number of options in relation to the cash component of the consideration. These options include utilising existing cash reserves, bank funding, new equity capital or a combination of each. The board will work with its advisors over the coming weeks to determine the optimal funding approach and will keep the market informed of its decision. Transaction costs are estimated to be $350,000 and integration costs of approximately $300,000 are likely be incurred over the 12 months following settlement.

MPA provide professional engineering services to both small and large companies in the oil & gas, mining, power, chemical and metallurgical industries. With a workforce of approximately 75, MPA has the capability to provide civil/structural, mechanical, electrical and instrumentation and process engineering services, and can undertake project work, including feasibility studies, capital and operating cost estimates, economic evaluations, detailed design, project management and commissioning. LogiCamms’ vision is to be a Market Leader delivering Outstanding Customer Solutions. It operates in the resources, energy and infrastructure sectors providing project and specialised engineering services that improve the value and productivity of operational assets.  It works both directly with its customers and various engineering consultants, constructors and original equipment manufacturers. It is headquartered in Perth, Western Australia and has 8 offices in Australia including Brisbane, Melbourne and Adelaide.

www.logicamms.com.au

Downer Secures $400 million Of New Contracts

Wednesday, November 11th, 2009

Downer EDI Limited (DOW) today announced its Engineering division has secured more than $400 million worth of contracts including a two-year contract valued at $170 million with Wesfarmers Curragh Pty Ltd (as a significant component of the expansion of its Curragh Mine in Queensland) and more than $90 million worth of contracts with BHP Billiton Iron Ore at its Rapid Growth Phase 5 Project in Western Australia.  Downer has also secured more than $70 million worth of electrical and instrumentation contracts for the Woodside Pluto LNG Project and additional electrical contracts with clients totaling more than $75 million.

Downer EDI Managing Director and CEO, Geoff Knox, said the new contracts demonstrate the robustness of the Group’s business model and provide a sound indication of the prevailing opportunities for the company in the mining, oil and gas, and petrochemical industries. “These wins reinforce Downer’s position as a leading provider of mechanical and electrical contracting services,” Mr Knox said. “The Curragh project, scheduled to commence in December this year, includes design and construction of a stand alone coal-processing facility to increase the mine’s total processing  capacity to 2300 t/h. The project also involves tie-ins to existing brownfields infrastructure. “We have also further grown our long-term relationship with BHP Billiton, securing contracts totaling more than $90 million with BHP Billiton Iron Ore, to provide electrical and instrumentation services for the Rapid Growth Phase 5 Port Handling Services Project at Port Hedland,” Mr Knox said.

Downer EDI Limited is an ASX -100 company that provides comprehensive engineering and infrastructure design, construction, maintenance and management services to the transport, energy, infrastructure, communications and resources sectors. The Group has more than 24,500 employees working across Australia, New Zealand, the Asia Pacific region and the United Kingdom.

www.downeredi.com

ORH Acquires Enmac Businesses

Monday, November 9th, 2009

ORH Limited (ORH) advises that it has today entered into Heads of Agreement documentation to purchase the 4 businesses comprising the Enmac Group of Companies. Enmac Mechanical Repairs Pty Ltd repairs earth moving equipment and equipment components for the Mining and Civil construction industries in Western Australia. Enmac Equipment Sales Pty Ltd sells new and used earthmoving equipment, distributing YTO equipment, a Chinese brand to Western Australia. Stronach Consulting Pty Ltd trading as Enmac Labour Hire places skilled maintenance personnel to long and short term positions within the mining and engineering industry in Western Australia. Enmac Truck & Machinery Cleaning (currently trading from a family trust) provides equipment cleaning services for the mining industry on site and in house.

The Enmac Group is a profitable business currently turning over in excess of $2M per annum. With the acquisition of The Enmac Group, ORH will now direct its annual major repairs and maintenance budget for its plant hire division, ORH Contracting Pty Ltd, worth approximately $1.5M per annum to it thereby saving ORH Contracting Pty Ltd approximately $400,000 in cost per annum. The Board of ORH believe that the acquisition will provide substantial opportunities for The Enmac Group to increase sales both organically and via ORH’s existing network of stakeholders. ORH Limited will, purchase the Enmac Group by issuing 4 million shares and 2 million options (expiring on 13 June 2011 at an exercise price of 11.5 cents per option).

www.orh.net.au

United Group Secures $190 million Contract

Thursday, October 22nd, 2009

United Group Limited (UGL) today announced that it has signed a contract with Perth based Verve Energy to provide engineering, procurement and construction (EPC) services for Verve Energy’s High Efficiency Gas Turbine (HEGT) project at Kwinana, Western Australia. The total value of the project is $260 million with UGL’s share being $190 million. Work on the project has already commenced and is expected to be completed within two years.

Verve Energy is the biggest power generation company in Western Australia. Verve Energy competes against privately owned energy companies to provide a reliable electricity supply to WA business and residential customers through electricity retailers such as Synergy.

Owned by the State Government, Verve Energy has its own board which reports to the Minister for Energy. The Kwinana HEGT project follows on from UGL winning the Stratford Peaker project for Contact Energy in 2008 and is the second project in the Australia/New Zealand region utilising the state of the art GE LMS100 Gas Turbine Generator. This project consolidates UGL as a major EPC contractor for open cycle gas turbines.

UGL’s Managing Director and CEO Richard Leupen said, “This is a significant win for UGL and a strong vote of confidence in our Power Generation business. We look forward to partnering with Verve Energy on this important project and helping them to strengthen their market position.

“Securing this project is also a reflection of the strength of UGL’s long term relationship with GE. As well as this very important project, we are working with GE on other opportunities in the power sector, both in Australia and overseas. Building and maintaining new gas turbine power generation facilities will be a growth market, and UGL is a market leader in Australia and New Zealand.  “UGL’s Infrastructure business continues to trade well with a significant pipeline of tendering opportunities in the power, water, and transport sectors,” Mr. Leupen said.

www.unitedgroupltd.com

Enerji Enters JV Agreement With Sinclair Knight Mertz

Friday, September 11th, 2009

Enerji Ltd (ERJ) is pleased to announce that it has entered into a technology sharing agreement  with one  of  Australia’s  premier  engineering firms,  Sinclair  Knight Merz (SKM). The  two  companies  have  entered  into  this  agreement  due  to  the  proactive  interest  shown  by Sinclair Knight  Merz  in  Enerji’s recovered  energy  systems. Under the terms of the agreement, Enerji will provide SKM detailed technical information in relation to its recovered energy systems on a non-exclusive basis. In particular, Enerji will furnish information on Opcon AB’s Powerbox and Airec’s heat exchangers.   Both  of these  technologies are world  leaders in  the  capture  of  heat  and  its  conversion  into electricity  and  are  exclusive  to Enerji (through CoGen ORC Power) in Australia.

Sinclair Knight Merz approached Enerji to consider the viability of using waste heat at a number of their  clients’  sites  after  studying  Enerji’s  recovered  energy  plans  and  conducting  research  into alternatives. SKM’s Manager Strategic Consulting, Mr Geoff Glazier, said “SKM recognizes that Enerji’s ORC power solution has strong potential to become an “off the shelf” solution for  capturing  and  utilising  the low  to  medium  grade  heat generated  by many  industrial processes that, until now, has been emitted as waste. As  an  integral  part  of  its global  sustainability  strategy,  SKM  is  continuously  seeking  to understand  technologies  that  can  improve  the  sustainability  of  our  clients  businesses.    This Technology  Sharing  Agreement  will  provide  access  to  information  that  will  allow  us  to  fully appreciate the application and limitations of Enerji’s ORC power solution.”

Sinclair  Knight  Merz  (SKM)  is  a  leading  engineering,  sciences  and  project  delivery  firm.  Its purpose is to deliver a positive and enduring impact on the world.  In support of this goal, it has 42 major offices across Australia, New Zealand, Europe, the Middle East, South America and Asia. SKM works in close partnership with key  clients in  the public and private  sectors, providing independent  technical, strategic and commercial advice to deliver a wide range of projects. SKM  employs  approximately  6,500  people  who  come  from  a  diverse  range  of  disciplines  including engineers,  planners,  architects,  economists,  scientists,  project  managers,  technicians  and  administrative staff. Their  people  work  across  four  broad  markets:  Buildings  and  Infrastructure;  Mining  and  Metals;  Power  and Energy;  and  Water  and  Environment.  They  continually  strive  to  help  their  people  reach  their  full  potential, engaging them in challenging and inspiring projects that shape industries and build nations.

www.enerji.com.au

www.skmconsulting.com/