News Articles for Clough

Perth-based contractor AusGroup has recruited former Southern Cross Electrical Engineering boss Simon High as chief executive of its engineering services arm.

Former CB&I manager Peter Bennett has returned to Perth to succeed Kevin Gallagher as chief executive of engineering services company Clough.

Austal chief executive Andrew Bellamy is quitting after five years in charge of the Henderson-based shipbuilder.

The liquidators of failed engineering contractor Forge Group have gained financial backing to pursue a claim worth about $200 million against Forge's former major shareholder.

A lack of vision from Perth planners of decades past has hamstrung efforts to get the most out of Perth's rail system.

SPECIAL REPORT: Newly appointed chief executives in Western Australia are mostly receiving lower salaries than their predecessors, but retaining plenty of upside through incentive schemes, a survey of nearly 40 new CEO pay packages has found.

Kevin Gallagher has tendered his resignation as the CEO and managing director of Clough. Mr Gallagher will resign from Clough to take the CEO position with Santos.

Oil and gas producer Santos plans to cut its debt by $3.5 billion through two capital raisings and one asset sale, in an effort to ride out weak oil prices, and has recruited Clough boss Kevin Gallagher as its new chief executive.

The state government has named a consortium led by Leighton Contractors as the preferred proponent for construction of the $500 million Roe 8 highway project, which is the first leg of the contentious Perth Freight Link.

Max Bergomi has left his executive position at engineering group Clough to take the helm as chief executive of Tempo Australia.

Local engineering services company Clough is boosting its North American presence with the acquisition of Canada-based Enercore Projects for $C10 million ($A10.5 million).

Perth-based engineering services company Clough's joint venture with BAM International has been awarded a contract for work on Woodside Energy's Karratha gas plant.

In a move to expand its presence in the mining services market, BGC Contracting will be forming a joint venture with South African firm DRA, the two companies announced today.

Despite the economic slowdown, Perth's public infrastructure program is providing an opportunity for newcomers in the market to gain a beachhead.

The $54.1 million contract for the pedestrian bridge near Perth Stadium is a colourful highlight in an uncertain market. Click through to see more on our Infrastructure feature.

West Perth-based Liquefied Natural Gas Ltd has tapped investors for a $174 million capital raising to fund ongoing development of its two North American LNG projects.

The state government has invited three consortia to develop proposals for the $1.6 billion Perth Freight Link project, including the potential construction of a tunnel.

Engineering firm Clough and its recently acquired US subsidiary CH.IV International have been appointed owner's engineer on the planned Magnolia LNG project in the US state of Louisiana.

Perth-based developer Twin Ocean Property has begun construction on one of its two projects in Brisbane, just weeks after the transaction to buy the apartments development site settled.

Twenty years after Wesfarmers bought Bunnings in a contentious takeover, we reflect on the family that started one of Australia's biggest retail successes.

Our inaugural Business Dynasties feature analyses WA's oldest family businesses, including some that have been running for more than 100 years, profiles Bob and Gavin Bunning 20 years after their family business was bought by Wesfarmers, and looks at the role of ‘outsiders' like Neil Hamilton, Michael Smith and Ian Cochrane in some of WA's most notable family enterprises. Also, see our new WA Business Dynasties list.

Chairman of education provider Navitas, Harvey Collins, has joined the ranks of some of the top business leaders in WA by winning the Australian Institute of Company Directors gold medal award for WA.

Perth engineering firm Clough is targeting small-scale liquefied natural gas (LNG) projects as a new growth area, after signing a ‘teaming' agreement with global company GE Oil & Gas.

Engineering and project services firm Clough says its AMEC joint venture has been awarded a $70 million contract for Arrow Energy's Bowen gas project in Queensland.

Engineering and project services firm Clough has acquired Scotland-based engineering company Booth Welsh for $16 million.

Perth-based ASG Group has announced plans to offshore 10 per cent of its workforce on the back of a return to profit for the 2013-14 financial year.

Westoz Investment Company stated that it almost tripled its reported profit in the 2014 financial year, with an increase in after tax profit from $7.4 million last year to $21.2 million.

Engineering and project services company Clough today announced the acquisition of CH-IV International, a small, privately owned liquefied natural gas engineering and consulting services provider based in the United States.

Perth-based developer Twin Ocean Group has launched two major projects in Brisbane with a combined end-value of $300 million, with the developments largely funded by a network of Western Australian high net-worth investors.

The collapse of Forge Group has opened up new opportunities for engineering contractor Clough, which has won a design and procurement contract for a power station that was previously awarded to Forge.

FEATURE: The state's premier oil and gas training institute has joined forces with Northern Territory-based Charles Darwin University in the search for a training provider to tackle a looming oil and gas skills shortage.

The resources sector will struggle to find enough skilled workers to drive production on the LNG plants expected to come on-stream in the next few years.

The Clough AMEC joint venture has been awarded a $20 million engineering, procurement and construction contract at Arrow Energy's Daandine coal seam gas expansion project in Queensland's Surat basin.

Forge Group employees could be waiting up to six months to access $50 million owed to them and business creditors could be facing an even longer wait, according to Ferrier Hodgson.

In hindsight, Forge Group founder Peter Hutchinson was unwittingly prophetic when he spoke to Business News in June 2012, on one of his last days at the company. Explaining his decision to hand the reins to more experienced managers, Mr Hutchinson said he wanted to ensure Forge didn't enter the “graveyard of mining services contractors that have come unstuck”.

Fortescue Metals Group has appointed the BAM Clough joint venture to design and construct a fifth iron ore loading berth at its Anderson Point facility in Port Hedland.

A three-month battle to keep Forge Group afloat has come to a sudden end, with administrators and receivers called in to manage the company's assets after financier ANZ Banking Group withdrew support for the engineering contractor.

SPECIAL REPORT: The past 12 months have been tough for WA's corporate finance professionals, but there is cautious optimism that 2014 will be a different story.

It's too early to pass judgement in the case of Forge Group's troubles, but the signs aren't encouraging.

Perth engineering firm Clough has ceased trading on the ASX after securing the green light from shareholders and the Federal Court to proceed with a $462 million takeover by South African group Murray & Roberts.