Clough Group
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The Clough Group is an Australian Engineering and Construction company based in Perth, Western Australia. It has projects in engineering, construction, operations and maintenance services, principally in the oil and gas industry.
Formerly listed on the Australian Securities Exchange, it has been a subsidiary of WeBuild since February 2023.[1]
History
Clough was established in Perth in 1919, as builders Template:Thinspace Clough and Son.[2] Clough underwent significant growth and diversification from the 1950s through 1970s.[3] In 1964, BAM Clough was established as a 50:50 joint venture with Royal BAM Group to deliver major jetty and near shore marine projects in Australia and Papua New Guinea.[4] Expansion was fuelled by civil engineering and infrastructure contracts from Western Australia's Pilbara iron ore boom. Clough undertook its first oil-and-gas project on Barrow Island in 1965.[2][5][6]
During the 1970s and 1980s, Clough pursued activities in the Middle East, Indonesia and Africa. Branch offices were established in Brisbane, Bangkok and Houston.[7] Acquisition of the Petrosea Group of Companies in 1984 (divested in 2009) was a basis for expansion in the South East Asian region. The company was listed on the Australian Securities Exchange (ASX) in 1998, with the Clough family ceasing to be shareholders in 2007.[2][8][9]
Around 1991, Clough Engineering took over Noyes Brothers, and traded as Noyes-Clough until 2002, when that branch of the company was purchased by Project Solutions Australia.[10] In the 1990s, Clough AMEC was established as a 50:50 joint venture with Amec to deliver brownfield asset support to the Australasian oil and gas sector.[11]
In October 2008, Clough sponsored construction of a First Year Centre for engineering students at the University of Western Australia,[12][13] which opened in 2010, supporting students "with a space to have as their base, to meet, work in groups, and also work on projects [from industry]".[14] It was recorded that former chairman and managing director Harold Clough had been a long-term benefactor of the university.[15]
Having been a shareholder since 2004, in November 2013 Murray & Roberts took full ownership with the company delisted from the ASX.[16] In February 2019, Clough acquired Saulsbury's Gulf Coast downstream and chemical business unit in Houston, Texas.[17]
In 2022 Clough suffered financial distress and was at risk of financial collapse. After a proposed takeover by Webuild collapsed, Murray & Roberts placed it in administration.[18][19]
In February 2023 Clough was eventually acquired by WeBuild.[20]
Notable projects
- Narrows Bridge (Perth) (1957)[21]
- Barrow Island Oilfield Development (1965)[22]
- Stirling Bridge (1974)[23]
- Mount Henry Bridge (1982)[24]
- Graham Farmer Freeway (2000) in a joint venture with Baulderstone[25]
- Northern Busway, Brisbane (2004) in a joint venture with Seymour Whyte[26]
- Snowy 2.0, Snowy Mountains civil and electro-mechanical works in a joint venture with Webuild[27]
References
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- ↑ a b c Historical timeline Template:Webarchive at Clough official website. Retrieved 16 March 2011.
- ↑ Script error: No such module "citation/CS1".
- ↑ Bam Clough Clough
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- ↑ History Clough
- ↑ Company locations Template:Webarchive at Clough official website. Retrieved 16 March 2011.
- ↑ Admission to Official List & Top 20 Australian Securities Exchange 10 March 1998
- ↑ Harold Clough steps down Template:Webarchive Press release at Clough official website, 29 October 2007. Retrieved 16 March 2011.
- ↑ Script error: No such module "citation/CS1".
- ↑ About Us Clouch Amec
- ↑ Clough to fund first year centre at UWA Template:Webarchive Press release at Clough official website. 29 October 2008. Retrieved 16 March 2011.
- ↑ Clough to fund first year centre at UWA Press release at UWA, 29 October 2008. Retrieved 16 March 2011.
- ↑ Szymakowski Y Focus on the Faculties: Engineering, Computing and Mathematics at UWA, February 2010. Retrieved 16 March 2011.
- ↑ The real value of philanthropy at UWA, 19 April 2010. Retrieved 16 March 2011.
- ↑ Murray & Roberts set to complete Clough takeover Mining Business Media 15 November 2013
- ↑ Clough Acquires Gulf Coast Downstream and Chemical EPC Business in Houston Clough 18 February 2019
- ↑ Snowy 2.0 cost increases inevitable after Clough collapse Australian Financial Review 6 December 2022
- ↑ Snowy Hydro 2.0 builder collapses after white night walks Sydney Morning Herald 6 December 2022
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- ↑ Roads Australian Transport March 1975 page 15
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- ↑ Brisbane Inner Northern Busway Clough
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- Pages with script errors
- Companies formerly listed on the Australian Securities Exchange
- Construction and civil engineering companies of Australia
- Construction and civil engineering companies established in 1919
- Companies based in Perth, Western Australia
- Australian companies established in 1919
- 2023 mergers and acquisitions