Clough Acquires US-Based Boutique LNG Engineering Firm and Enters the Local Gas Market
08 August 2014
Johannesburg, 08 August 2014 - Clough, the Australian based oil & gas engineering and construction company and a wholly owned subsidiary of Murray & Roberts, today announced a US$5 million acquisition of CH-IV International. CH-IV is a boutique engineering company, based in the United States of America ("US") and highly regarded in liquefied natural gas ("LNG") concept, Front End Engineering and Design ("FEED"), detailed design and owner's engineering arena, with capabilities and credibility across micro, midscale andlarge scale LNG.
Henry Laas, Group Chief Executive, Murray & Roberts comments "This acquisition is part of Murray & Roberts' strategy to grow its engineering capability in the operating platforms that are focused on the natural resources market sectors and this will be achieved through organic growth as well as small bolt-on acquisitions."
CH-IV would bolster Clough's LNG engineering, jetties & terminals, commissioning and brownfields capabilities and it brings strong LNG process and operational capabilities. Its presence and expertise in the more developed US small and midscale LNG and shale gas markets will facilitate entry into these markets for Clough, as they develop globally. CH-IV would also provide Clough with expertise for projects including BP Tangguh (Indonesia) FEED, Prelude Floating LNG and LNG studies for the later expansion of the current wave of Australian LNG projects.
Kevin Gallagher, Managing Director, Clough comments "This acquisition holds strategic importance in enabling Clough's expansion plans and aligns with our strategy to build a globally competitive business to services to our global oil & gas clients."
The North American LNG market has a strong outlook with good growth predicted from the burgeoning shale gas industry. CH-IV is an established technical leader involved in fifteen of the twenty-two current US LNG export projects and trusted by blue chip clients.
For further information contact:
Mr. Ed Jardim
Murray & Roberts Group
Group Communications Executive
Mobile +27 (0) 83 357 6282
About Murray & Roberts
Murray & Roberts is South Africa's leading engineering and construction services company. It has delivered infrastructure throughout South and Southern Africa for more than 110 years and is today recognised as an international engineering and construction group. Murray & Roberts is a group of world-class companies and brands aligned to the same purpose and vision, and guided by the same set of values.
The company offers civil, mechanical, electrical, mining and process engineering, general building, procurement, construction, commissioning, operations and maintenance services. Murray & Roberts does so in the global underground mining market, selected international oil & gas markets, selected African power and industrial markets and selected African infrastructure sectors.
Murray & Roberts operates in Southern, Central and Western Africa, Middle East, Southeast Asia, Australasia and North and South America. The company is based in Johannesburg South Africa, where it has a public listing on the JSE Limited. It has principle offices in Australia, Botswana, Canada, Chile, Ghana, Mozambique, Namibia, United Arab Emirates, United States of America and Zambia.
More information is available at Murray & Roberts Holdings Limited
Clough works with some of the world's largest energy and resources companies to engineer, construct, commission and maintain a comprehensive range of infrastructure for energy, chemical, mining and mineral projects. The company's full project lifecycle delivery model reduces risk and optimises safety, productivity and cost across every phase of a project.
Established in 1919, Clough's services are underpinned by a dedication to project delivery excellence that has spanned over 90 years. Today the company employs a workforce of nearly 6000 people from operating centres across Australia, Papua New Guinea, UK and Asia.
Backed by an experienced leadership team, talented people and sophisticated project management systems, Clough is committed to safety, sustainable development and the wellbeing of the people, communities and environments in which it operates.
More information is available at Clough
CH-IV International was established in 1991 as CH-IV Corporation. The company provides consulting services to LNG asset developers, regulators, facility owners, operators and lenders to ensure assets are designed, developed, constructed and operated safely and in accordance with codes, regulations, and the project's technical and commercial specifications.
CH·IV has supplied consulting and engineering services throughout the world, including North Amercia, Asia, the Pacific Rim, Europe and South America. The company has recent experience in USA, Canada, Indonesia, Philippines, Papua New Guinea, Guam, Kenya and many areas in the Caribbean.
More information is available at CH-IV International