Clough Group
| File:Clough Limited logo.gif | |
| Company type | Subsidiary |
|---|---|
| Industry | Engineering, construction, and asset support contractor, predominantly serving the oil and gas sector |
| Founded | 1919 |
| Founder | John Clough |
| Headquarters | |
Area served | Worldwide |
Key people | Peter Bennett |
| Services |
|
| Revenue |  $1.51 billion (2012/13) |
| $90.7 million (2012/13) | |
| Total assets | $461.8 million |
| Parent |
|
| Website | cloughgroup |
The Clough Group is an engineering and construction firm headquartered in Perth, Western Australia, delivering engineering, construction, operations, and maintenance solutions primarily within the oil and gas industry.
Once publicly traded on the Australian Securities Exchange, it has operated as a subsidiary of WeBuild since February 2023.
History
Established in Perth in 1919 under the name J.O. Clough and Son, the company experienced substantial growth between the 1950s and 1970s. In 1964, BAM Clough was created as an equal partnership with Royal BAM Group to execute major jetty and near-shore marine infrastructure projects across Australia and Papua New Guinea. Expansion was largely fueled by civil engineering contracts linked to Western Australia's Pilbara iron ore development. Clough ventured into the oil and gas sector with its inaugural project on Barrow Island in 1965.
Throughout the 1970s and 1980s, Clough broadened its international presence by establishing offices in Brisbane, Bangkok, and Houston. The acquisition of Petrosea Group in 1984 bolstered its footprint in Southeast Asia, though this division was later sold in 2009. The company went public on the ASX in 1998; by 2007, the founding family had completely divested their shares.
Around 1991, Clough Engineering acquired Noyes Brothers, operating under the name Noyes-Clough until it was sold off in 2002. During the 1990s, Clough AMEC was formed as a joint venture equally owned with Amec Foster Wheeler, focusing on brownfield asset services for oil and gas clients across Australasia.
In October 2008, Clough demonstrated its dedication to fostering industry-academic collaboration by sponsoring a First Year Centre for engineering students at the University of Western Australia.
Murray & Roberts took full control of Clough in November 2013, resulting in its removal from the ASX. In February 2019, Clough entered the US market through acquiring Saulsbury's Gulf Coast downstream and chemical business segment based in Houston, Texas.
In 2022, amid financial difficulties and following an unsuccessful acquisition bid by Webuild, Murray & Roberts placed Clough into administration. Subsequently, WeBuild completed its acquisition of the company in February 2023.
Notable projects
- Narrows Bridge (Perth) (1957)
- Barrow Island Oilfield Development (1965)
- Stirling Bridge (1974)
- Mount Henry Bridge (1982)
- Graham Farmer Freeway (2000) delivered through a joint venture with Baulderstone
- Northern Busway, Brisbane (2004) executed in partnership with Seymour Whyte
- Snowy 2.0, civil and electro-mechanical works within the Snowy Mountains region conducted jointly with Webuild
References
- Formerly listed entities on the Australian Securities Exchange
- Australian construction and civil engineering firms
- Construction and civil engineering enterprises founded in 1919
- Businesses headquartered in Perth, Western Australia
- Australian enterprises established in 1919
- Mergers and acquisitions in 2023
- Construction and civil engineering companies of Australia