Engineering and project services company Clough Limited (ASX:CLO) today announced that the Clough Curtain Joint Venture (CCJV) has received work orders worth approximately A$76 million associated with the PNG LNG Project’s upstream contract. The PNG LNG Project is an integrated development that includes natural gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities. The PNG LNG Project [...]
Engineering and project services company Clough Limited today announced that Rick Robinson has commenced as Executive Vice President, Projects. Robinson brings in more than 35 years of international engineering, procurement and project execution experience for large energy and resource projects to the role. He joined Clough in 2007, and has held the position of Project [...]
Clough wins contract with Pearl Oil (Amata) Limited Engineering and project services company Clough Limited today announced the award of a contract valued at approximately US$60M with Pearl Oil (Amata) Limited, a Mubadala Petroleum affiliate.
Australian engineering and construction company Clough Limited today 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 [...]
Engineering and construction company Clough Limited today announced the award of an approximate A$350 million (USD 375 million) contract for the offshore hook-up and commissioning component of the Chevron-operated Wheatstone Project. The services will be provided over a 40 month period commencing immediately. The agreed scope of work includes the provision of labour, materials and [...]
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Engineering and construction company Clough Limited today announced that it has completed the sale of its Marine Construction business to SapuraCrest Petroleum Berhad for gross proceeds of approximately AUD 127 million and on the terms agreed and announced on August 8. Clough’s offshore Marine Construction Division includes the derrick lay barge, Java Constructor, and associated [...]
![Australia: Clough Signs Ichthys Contract]()
Engineering and construction company Clough Limited today announced the execution of a binding contract between the Ichthys Joint Venture and Clough DORIS Joint Venture, for the Ichthys LNG Project Offshore Integrated Project Management Support Services (IPMS), which has a limitation on spending until attainment of FID. Receipt of the Letter of Intent for this circa [...]
![Australia: Clough Profit Dives]()
Engineering and construction company Clough Limited announced a result in line with previous guidance with a 25% increase in total revenue to $1bn but a reduction in underlying earnings to $47.2m, due to a loss in the Marine Construction division as a result of soft market conditions. On 8 August the Company announced that [...]
![Australia: Clough Agrees to Sell Marine Construction Division to SapuraCrest for USD 132 Million]()
Clough Limited today announced that it has agreed to sell its offshore Marine Construction Division to SapuraCrest Petroleum Berhad (SapuraCrest), 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 [...]
![Australia: Clough to Appoint New CEO in August]()
Engineering and construction company Clough Limited today announced Kevin Gallagher will be appointed to succeed John Smith as Chief Executive Officer of Clough. Mr Gallagher will take up his appointment with Clough towards the end of August. Mr Gallagher brings 20 years experience in oil and gas operations, including 13 years experience with Woodside [...]
