QUOTE AND NEWS
OilVoice  Mar 18  Comment 
On January 30 2011 the Acergy Polaris finished installing the three subsea separation units SSU for the Pazflor project in 800 meters of water in Block 17 offshore Angola. The flagship innovation
Upstream Online  Feb 23  Comment 
Offshore services contractor Subsea 7 said its merger with former rival Acergy, completed last month, will give it a combined order book of $6.4 billion and a strong platform to target increasing contracting activity in the subsea market.
OilVoice  Jan 19  Comment 
Subsea 7 S.A. announced on Friday January 7 2011 that the combination between Acergy S.A. and Subsea 7 Inc. was completed following the closing of Oslo Børs on that day. On completion the Compan
OilVoice  Jan 19  Comment 
Cosalt Offshore a provider of lifting tooling and marine services to the oil and gas industry has concluded agreements with Acergy to provide all lifting services it requires in the UK and Norwegia
Upstream Online  Jan 19  Comment 
OilVoice  Jan 12  Comment 
Technip announces that a consortium comprising two of its subsidiaries Angoflex Ltda owned jointly with Sonangol and DUCO Ltd. has been awarded by Acergy Angola S.A. and Acergy West Africa S.
Upstream Online  Jan 7  Comment 
Subsea 7 and Acergy completed their merger today as planned, the subsea technology player said.
OilVoice  Jan 3  Comment 
Acergy S.A. and Subsea 7 Inc. announced today that the combination between the parties is expected to be completed on January 7 2011. In light of this the following is announced After complet
OilVoice  Dec 27  Comment 
On September 23 2010 Acergy S.A. and Subsea 7 Inc. Oslo Stock Exchange SUB submitted a notification to the UK Office of Fair Trading OFT regarding the parties proposed merger. The OFT annou
Upstream Online  Dec 27  Comment 
OilVoice  Dec 22  Comment 
On September 23 2010 Acergy S.A. and Subsea 7 Inc. submitted a notification to the UK Office of Fair Trading OFT regarding the parties proposed merger. The OFT announced on December 21 2010
Upstream Online  Dec 1  Comment 
Subsea services player Acergy said today it has won a contract from Petrobras for the Sul-Norte Capixaba project off Brazil.




 
TOP CONTRIBUTORS

London-based Acergy S.A. (ACGY), previously known as Stolt Offshore S.A. (SOSA), is a leading oilfield contractor engaged in the designing, procurement, building, installation, and servicing of a range of offshore surface and sub-surface equipment for the oil and gas industry. This equipment includes the above-water topsides and platforms used for processing oil and gas, pipelines, and electrical and hydraulic cables (also called umbilicals') used to control sub-sea wells. The company also provides field-decommissioning services (the removal of offshore structures and equipment) after the field has been depleted and is to be abandoned.

Acergy S.A. classifies its service capabilities into these five areas: Sub-sea construction, Umbilicals, Risers, and Flowlines (SURF) Conventional (includes construction of above-water platforms) Inspection, Maintenance, and Repair (IMR) Trunklines (includes the installation of large-diameter pipelines offshore) and Corporate. The company reports its operations on a regional basis: Africa, the Mediterranean and the Caspian Sea (AFMED), Northern Europe and Canada (NEC), North America and Mexico (NAMEX), South America (SAM), and Asia and the Middle East (AME). Activities, which cover more than one region, are classified under the Corporate segment. In fiscal year 2006 (fiscal year ends on November 30th), the AFMED, NEC, NAMEX, SAM, and AME segments accounted for 49%, 39%, 2%, 4%, and 6%, respectively of the company's total revenue. During the first nine months of the fiscal 2007, contributions to revenue from these regions were 51%, 38%, under 1%, 8% and 3% of the total, respectively. The Corporate segment's contribution to 2006 revenue was insignificant. The company has announced the sale of its Conventional and IMR assets however, it will continue to use those assets to complete currently ongoing projects.




Recent Events

Acergy announced strong order backlog growth of 20% y-o-y to US$3.3 bn in 3Q 08.[1]

References

  1. iirgroup.com research report on Acergy
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