Key Developments For Acergy SA
Acergy SA (ACGY.O) (Nasdaq)
Acergy S.A. Reaffirms FY 2009 Revenue Guidance; Comments On FY 2010 Revenue Guidance-Conference Call
Acergy S.A. announced that it expects revenue from continuing operations for fiscal 2009 to be in line with previous guidance. The Company expects revenue from continuing operation to be lower in fiscal 2010 than fiscal 2009. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $2.050 billion for fiscal 2010.
Acergy S.A. Gets $110 Million Contract From Total E&P Angola, BP Angola-DJ
Dow Jones reported that Acergy S.A. been awarded the Block 17/18 GEP Phase 2 project, a contract valued at $110 million, from Total E&P Angola and BP Angola (Block 18) B.V. Contract is for the installation of over 70km of 24 pipeline from Block 2, together with the associated jumper, PLET and tie-ins, to the Nearshore / Onshore pipeline in water depths up to 40 metres.
Acergy S.A. Gets $260 Million Pact In Brazil-DJ
Dow Jones reported that Acergy S.A. has been awarded a new four year $260M contract for the Polar Queen by Petrobras in Brazil. Contract is for the provision of flexible laying services, offshore Brazil. The contract is due to commence in early 2010 and has an option for an additional four years.
Acergy S.A. Announces Award Of Contract Valued At Approximately $825 Million To SapuraAcergy Sdn Bhd
Acergy S.A. confirmed the award of a contract valued at approximately $825 million to SapuraAcergy Sdn Bhd for the development of the deepwater offshore Gumusut-Kakap field. The primary contract has been awarded by Sabah Shell Petroleum Company Limited (SSPC) to TL Offshore Sdn Bhd, a wholly owned subsidiary of our partner, SapuraCrest Sdn Bhd. SSPC is the Operator of the Gumusut-Kakap field as contractor to PETRONAS. SSPC's co-venturers in the development of the Gumusut-Kakap field are PETRONAS Carigali Sdn. Bhd., ConocoPhillips Sabah Ltd. and Murphy Sabah Oil Co. Ltd. SapuraAcergy's scope under the contract involves engineering, procurement, transportation and installation, offshore Malaysia in water depths of 1,200 metres, covering; an oil export pipeline and catenary riser, including the shore approach; Flowlines, jumpers, Steel Catenary Risers (SCRs), Pipeline End; Terminations (PLET) and flowline inline structures (SLEDs) -- Mooring wires, chains and piles for a semi-submersible Floating Production System (FPS) including towing to the offshore location and installation thereof Engineering will commence with immediate effect, with offshore installation scheduled to commence in 2010, using the Sapura 3000, SapuraAcergy's dynamic positioning heavy lift and deepwater pipelay vessel.
Acergy S.A. Proposes To Increase Dividend
Acergy S.A. announced that the Board proposes to increase the dividend by 5% to $0.22 per share (2007: $0.21 per share), subject to shareholder approval at the Annual General Meeting.
