Acergy

Infobox Company
company_name = Acergy M.S. Limited
company_
company_type = Public
foundation = 1970
location = Hammersmith, United Kingdom
key_people = Jean Cahuzac (CEO), Mark Woolveridge (Chairman of the board)
area_served =
industry = Petroleum
products = Engineering and Construction
revenue = USD2.663 billion (2007)cite web |url=http://ww7.investorrelations.co.uk/ireport/_files/AcergyAnnualReport2007.pdf |title=Annual Report 2007 |publisher=Acergy |accessdate=2008-05-08]
operating_income = profit USD 357 million (2007)
net_income = profit USD 153.6 million (2007)
homepage = [http://www.acergy-group.com www.acergy-group.com]
intl = yes

Acergy (ose|ACY, nasdaq|ACGY) 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.

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, United Kingdom 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.

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 March 1 2006 the company changed its name to Acergy.

References

External links

* [http://news.bbc.co.uk/1/hi/business/5360318.stm Showcase pipeline fuels global gas flames - By Jorn Madslien, BBC News, Acergy Piper, North Sea]