About Enercore Projects
Enercore Projects is an Engineering, Procurement, and Construction Management (EPCM) company focused on capital projects and operations technical support for oil sands facilities, upstream, midstream and downstream oil and gas production facilities and sustaining projects.
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Latest Enercore Projects News
Oct 12, 2015
(You can enter multiple email addresses separated by commas) Message : *Required fields 12 October 2015 Johannesburg, 12 October 2015 - Clough, the Australian based oil & gas engineering and construction company and a wholly owned subsidiary of Murray & Roberts, has announced the acquisition of Enercore Projects Limited ('Enercore'), a privately owned engineering services company headquartered in Calgary, Canada. The acquisition is valued at approximately C$10 million and will see the new group co-branded 'Clough Enercore', and established as Clough's Canadian Engineering, Procurement and Construction ('EPC') project delivery arm. Enercore specialises in the provision of Engineering, Procurement and Construction Management ('EPCM') services to the Canadian oil and gas sector. Established in 2006, the group employ 70 engineering and technical personnel, and operate in the Canadian conventional oil and gas and oil sands sectors. Henry Laas, Group Chief Executive, Murray & Roberts comments, 'The acquisition builds on Clough's North American presence, which commenced in the USA in 2014 with the establishment of a Clough engineering team in Houston, Texas; and the acquisition of liquefied natural gas ('LNG') engineering and consulting specialists CH-IV in Baltimore, Maryland. This acquisition further supports 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 small bolt-on acquisitions. ' Clough Enercore will form part of Clough's global network of engineering centres which draw on state of the art 3D design, Cloud-based technology and over 1000 in-house engineers, including local engineering teams in Canada and the USA. This engineering network model has been structured to optimise utilisation and reduce the cost of high quality engineering services for oil and gas clients worldwide supported by a strong regional presence. Clough's CEO and Managing Director Kevin Gallagher said the acquisition aligned with the company's international expansion strategy. 'When Clough looks to acquire a business, we search for attributes that represent a strong strategic and cultural fit. Enercore are a company that adopt a production focused approach to maximise the value of our clients assets across the entire asset lifecycle, which fits well with Clough's strategy to provide a significantly strengthened project service offering to Canadian oil and gas clients. Importantly, Enercore are passionate about their values; which align strongly with Clough's values. ' Greg Roemer, President, Clough Enercore comments, 'I'm excited about the opportunities the Clough Enercore business would bring. As part of the Clough group, Clough Enercore will have access to larger scopes of work in the Canadian oil and gas market, while supporting Clough's engineering projects globally. We will draw on Clough's strong engineering, construction and project management capabilities to offer a comprehensive suite of EPC services while maintaining our commitment to providing fit for purpose, high quality EPCM and engineering services to our existing client base. ' Despite subdued oil and gas market conditions globally, the North American oil and gas industry is predicted to continue to grow; buoyed by a significant pipeline of projects in the LNG sector. The USA and Canada have the highest planned LNG capital expenditures globally over the next five years, with a more than US$300 billion of proposed projects, which is anticipated to increase liquefaction capacity significantly in the two countries. Ends
Enercore Projects Frequently Asked Questions (FAQ)
Where is Enercore Projects's headquarters?
Enercore Projects's headquarters is located at 140, 115 Quarry Park Road S.E., Calgary.
What is Enercore Projects's latest funding round?
Enercore Projects's latest funding round is Acquired.
Who are the investors of Enercore Projects?
Investors of Enercore Projects include Clough.
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