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. The contract work will be executed in consortium with TL Offshore SDN Berhad, an installation and transportation specialist that operates as a subsidiary of SapuraCrest Petroleum Berhad. The [...]
September 13, 2012 | Posted in
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Engineering and construction company Clough Limited 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 previously reported in the company’s ASX Announcement of 8 August 2011. Clough’s offshore Marine Construction Division includes the derrick lay [...]
December 22, 2011 | Posted in
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SapuraCrest Petroleum Berhad Monday signed a conditional agreement to acquire Clough Limited’s marine construction and offshore engineering operations in Australia, UK and US for a cash consideration of AU$127 million The agreement was signed in Perth, Australia, by SapuraCrest Executive Vice-Chairman and President YBhg Datuk Shahril Shamsuddin and Mr John Smith, Chief Executive from Clough. [...]
August 11, 2011 | Posted in
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Engineering and construction company Clough Limited today announced the receipt of a Letter of Intent for a contract valued in excess of A$250 million to the Clough DORIS Joint Venture (CDJV) for the provision of Offshore Integrated Project Management Support Services (IPMS) for the Ichthys LNG Project. CDJV is a 50:50% joint venture between Clough [...]
August 9, 2011 | Posted in
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