Acergy

From MedBib.com - Medicine & Nature

Acergy M.S. Limited
Type Public (OSE: ACY, NASDAQACGY)
Founded 1970
Headquarters Hammersmith, United Kingdom
Key people Jean Cahuzac (CEO)
Mark Woolveridge (Chair)
Industry Petroleum
Products Engineering and construction
Revenue USD 2.663 billion (2007)[1]
Operating income USD 357 million (2007)[1]
Profit USD 153.6 million (2007)[1]
Employees 5,637[2]
Website www.acergy-group.com

Acergy M.S. Limited (OSE: ACY, NASDAQACGY) is an international offshore seabed to surface engineering and construction company previously known as Stolt Offshore and Stolt Nielsen Seaway and was part of the Stolt-Nielsen Group until 2005. The company has its headquarters in Hammersmith in the United Kingdom as well as offices in Stavanger, Norway; Aberdeen, United Kingdom; Suresnes, France; Houston, United States; Rio de Janeiro, Brazil; Perth, Australia; St. John's, Canada and Singapore. The company is listed on the Oslo Stock Exchange and NASDAQ.

The company has four main operational areas: Subsea Umbilical Risers and Flowlines (SURF); Inspection, Maintenance and Repair (IMR); Conventional Field Development and Trunklines.[3]

Contents

History

The company started as the Haugesund based Stolt Nielsen Seaway and offered divers for the exploration of the North Sea in 1970. The company was part of the Stolt-Nielsen Group. In 1989 the company expanded to Aberdeen and in 1992 the company acquired the French diving company Comex Services. In 1997 the company won its first ultra-deepwater contract off West Africa, resulting in the acquisition of Houston based Ceanic Corporation, Danish NKT Flexibles and ETPM of France.[4]

In 2000 the company changed its name to Stolt Offshore. But poor management forced the company to narrow its focus and a new management was introduced in 2003. In 2005 the Stolt-Nielsen Group sold its ownership in the company and listed it on the Oslo Stock Exchange and NASDAQ. As of 1 March 2006 the company changed its name to Acergy.[4]

Assets

Ships: Acergy Condor, Acergy Discovery, Acergy Eagle, Acergy Elang Laut, Acergy Falcon, Acergy Harrier, Acergy Hawk, Acergy Legend, Acergy Osprey, Acergy Petrel, Acergy Viking, Ernest Shackleton (time charter), Far Saga (time charter), Norman Merimaid (time charter), Pertinacia (time charter), Polar Queen (time charter), Polarbjørn (time charter), Polka, Sapura 3000, Skandi Acergy, Toisa Conqueror (time charter), Toisa Proteus (time charter), Acergy Havila (Newbuild)

Barges: Acergy Piper, Acergy Polaris, Arwana, Acergy Orion

References

  1. ^ a b c "Annual Report 2007". Acergy. http://ww7.investorrelations.co.uk/ireport/_files/AcergyAnnualReport2007.pdf. Retrieved on 2008-05-08. 
  2. ^ "Company Profile for Acergy SA (ACGY)". http://www.zenobank.com/index.php?symbol=ACGY&page=quotesearch. Retrieved on 2008-10-20. 
  3. ^ Acergy. "What We Do". http://www.acergy-group.com/public/WhatWeDo. Retrieved on 2008-10-26. 
  4. ^ a b Acergy. "Our History". http://www.acergy-group.com/public/OurHistory. Retrieved on 2008-10-26. 

External links