Clough set to acquire Saulsbury’s oil and gas unit, EPC portfolio
Murray & Roberts (M&R) subsidiary Clough will acquire Houston-based engineering, procurement and construction (EPC) contractor Saulsbury’s Gulf Coast downstream and chemical business unit, as well as its EPC portfolio, for $5.2-million.
In the statement issued on Tuesday, M&R CE Henry Laas commented that the acquisition of a US-based EPC contractor in the oil and gas sector would enable its oil and gas platform to deliver projects to a rapidly growing market.
“This is a small but strong project controls organisation, staffed with competent people with a full EPC capability for projects up to $300-million. Clough will market its new EPC capability to its major global clients operating in America, such as Exxon, Chevron, ConocoPhillips and Shell.”
Clough has been supporting US and Canadian clients through its CH-IV International and Clough Enercore companies since 2014.
The acquisition of Saulsbury’s Gulf Coast EPC assets aligns with Clough’s strategy to grow its capability and service offering to address the North American downstream, petrochemical/chemical, midstream and liquid natural gas markets.
“As we continue to grow our engineering and construction services internationally, we expect this acquisition to be a key part of Clough’s North American growth ambitions. The North American market has demonstrated continued growth in a stable environment with vast opportunities in oil and gas,” added Clough CEO and MD Peter Bennett.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...
VISIT SHOWROOMDeveloped to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
