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	<title>Stock Blog Hub &#187; ACGY</title>
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		<title>(ACGY) Acergy S.A. &#8211; ADR &#8211; Bull of the Day</title>
		<link>http://www.stockbloghub.com/2010/09/17/acgy-acergy-s-a-adr-bull-of-the-day/52029</link>
		<comments>http://www.stockbloghub.com/2010/09/17/acgy-acergy-s-a-adr-bull-of-the-day/52029#comments</comments>
		<pubDate>Fri, 17 Sep 2010 15:10:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52029</guid>
		<description><![CDATA[Acergy&#8217;s (ACGY) second-quarter results, despite marginally missing estimates, reflected good project execution skills and solid activity levels. With a healthy backlog, significant cash balances and no near-term refinancing requirements, Acergy should weather the challenging business environment better than many of its peers. Our continued Outperform recommendation on Acergy ADRs also reflects the company&#8217;s high-quality client base, which mostly includes well-capitalized oil majors or national oil companies. We believe Acergy&#8217;s impending merger with Subsea 7 will create a stronger, more diverse seabed-to-surface engineering and construction player, enabling it to provide a broader array of services. As such, we view Acergy ADRs as an attractive investment and maintain its Outperform recommendation. Our $21 price objective represents a 2010 P/E multiple of 23.1X. Zacks Investment Research]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(RIG) Oil &amp; Gas Industry Stock Review &#8211; July 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/07/23/eia-oil-gas-industry-stock-review-july-2010-industry-outlook/44363</link>
		<comments>http://www.stockbloghub.com/2010/07/23/eia-oil-gas-industry-stock-review-july-2010-industry-outlook/44363#comments</comments>
		<pubDate>Fri, 23 Jul 2010 15:15:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[CLB]]></category>
		<category><![CDATA[Core Laboratories NV]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PDE]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[Pride International Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[Transocean Limited]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=44363</guid>
		<description><![CDATA[OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $85 per barrel level in late April/early May 2010. However, in recent days, concerns about the European debt crisis and China’s growth outlook have renewed apprehensions about the global growth and energy demand. As a result, oil prices have slumped to around $76 per barrel. Additionally, high levels of product inventories (gasoline and distillate stocks remain above the upper boundary of the average range for this time of year), along with soaring commercial oil supplies, has further dragged down crude prices, in our view. But far too many factors weigh on oil prices &#8212; from OPEC decisions and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/23/eia-oil-gas-industry-stock-review-july-2010-industry-outlook/44363/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HAL) Halliburton First Quarter 2010 Earnings Scorecard</title>
		<link>http://www.stockbloghub.com/2010/05/23/hal-halliburton-first-quarter-2010-earnings-scorecard/37951</link>
		<comments>http://www.stockbloghub.com/2010/05/23/hal-halliburton-first-quarter-2010-earnings-scorecard/37951#comments</comments>
		<pubDate>Sun, 23 May 2010 20:36:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=37951</guid>
		<description><![CDATA[Last month, Halliburton Co. (HAL) – one of the largest oilfield service providers in the world – announced its financial results for the first quarter ended March 31, 2010. Now that the Wall Street analysts have had some time to digest the quarterly performance of Halliburton, they are weighing in with their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the outlook for the stock. Earnings Review On April 19, 2010, Halliburton reported earnings per share from continuing operations (excluding the impact of Venezuela devaluation) of 28 cents, 3 cents above the Zacks Consensus Estimate. The better-than-expected results were mainly driven by strengthening activity in North America, partly offset by weak demand across Latin America. However, compared with ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/23/hal-halliburton-first-quarter-2010-earnings-scorecard/37951/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EIA) Oil &amp; Gas May 2010 Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/05/17/eia-oil-gas-may-2010-industry-outlook/37480</link>
		<comments>http://www.stockbloghub.com/2010/05/17/eia-oil-gas-may-2010-industry-outlook/37480#comments</comments>
		<pubDate>Tue, 18 May 2010 00:27:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[CLB]]></category>
		<category><![CDATA[Core Laboratories NV]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[SU]]></category>
		<category><![CDATA[SUN]]></category>
		<category><![CDATA[Suncor Energy Inc]]></category>
		<category><![CDATA[Sunoco Inc.]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[Transocean Limited]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>
		<category><![CDATA[Western Refining Inc.]]></category>
		<category><![CDATA[WNR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=37480</guid>
		<description><![CDATA[OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, has been the main driver of the oil rally that saw the commodity breaching the $85 per barrel level earlier this month. However, in recent days, concerns about the European debt crisis and China’s growth outlook have renewed apprehensions about the global growth and energy demand. As a result, oil prices have slumped to a 3-month low. Additionally, high levels of product inventories (gasoline and distillate stocks remain above the upper boundary of the average range for this time of year), along with soaring commercial oil supplies, has further dragged down crude prices, in our view. But way too many factors weigh on oil prices &#8212; from OPEC decisions and geostrategic tensions to the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/17/eia-oil-gas-may-2010-industry-outlook/37480/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ACGY) Acergy S.A. Earnings Beat Forecasts &#8211; Revenues Increased 14.5%</title>
		<link>http://www.stockbloghub.com/2010/04/15/acgy-acergy-s-a-earnings-beat-forecasts-revenues-increased-14-5/33941</link>
		<comments>http://www.stockbloghub.com/2010/04/15/acgy-acergy-s-a-earnings-beat-forecasts-revenues-increased-14-5/33941#comments</comments>
		<pubDate>Thu, 15 Apr 2010 17:13:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33941</guid>
		<description><![CDATA[London-based oilfield contractor Acergy S.A. (ACGY) reported better-than-expected first-quarter (ending Feb 28, 2010) results on the back of solid margins, strong operational performance, and good project execution skills. Solid activity levels in West Africa. Good contribution from joint ventures also helped. Earnings per share from continuing operations came in at 23 cents, ahead of the Zacks Consensus Estimate of 20 cents and the prior-year profit of 19 cents. Revenue &#38; Operating Performance Revenue for the quarter increased 14.5% year-over-year to $575.8 million, primarily due to robust exploration and production activity levels in West Africa and Asia Pacific, partially offset by weak contributions from the North Sea and Brazil. The sales figure easily beat the Zacks Consensus of $550 million. Compared to the first quarter of 2009, gross profit was up ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/15/acgy-acergy-s-a-earnings-beat-forecasts-revenues-increased-14-5/33941/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(VLO) Oil &amp; Gas Industry Stock Review &#8211; March 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/03/25/eia-oil-gas-industry-stock-review-march-2010-industry-outlook/31594</link>
		<comments>http://www.stockbloghub.com/2010/03/25/eia-oil-gas-industry-stock-review-march-2010-industry-outlook/31594#comments</comments>
		<pubDate>Thu, 25 Mar 2010 21:48:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[REP]]></category>
		<category><![CDATA[Repsol YPF SA]]></category>
		<category><![CDATA[SUN]]></category>
		<category><![CDATA[Sunoco Inc.]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>
		<category><![CDATA[Western Refining Inc.]]></category>
		<category><![CDATA[WNR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31594</guid>
		<description><![CDATA[OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity breaching the $80 per barrel level. But high levels of product inventories (gasoline and distillate stocks remain above the upper boundary of the average range for this time of year), along with soaring commercial oil supplies, will limit any sustained gains, in our view. Way too many factors weigh on oil prices &#8212; from OPEC decisions and geostrategic tensions to the value of the U.S. dollar and seasonal variables &#8212; to definitively size up each one of them for their respective impact on prices. For the week ending Mar. 5, the federal government’s Energy Information Administration (EIA) reported that crude ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/25/eia-oil-gas-industry-stock-review-march-2010-industry-outlook/31594/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($VLO) Oil &amp; Gas Industry Stock Review &#8211; March 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/03/23/vlo-oil-gas-industry-stock-review-march-2010-industry-outlook/31459</link>
		<comments>http://www.stockbloghub.com/2010/03/23/vlo-oil-gas-industry-stock-review-march-2010-industry-outlook/31459#comments</comments>
		<pubDate>Tue, 23 Mar 2010 17:41:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[REP]]></category>
		<category><![CDATA[Repsol YPF SA]]></category>
		<category><![CDATA[SUN]]></category>
		<category><![CDATA[Sunoco Inc.]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>
		<category><![CDATA[Western Refining Inc.]]></category>
		<category><![CDATA[WNR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31459</guid>
		<description><![CDATA[OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity breaching the $80 per barrel level. But high levels of product inventories (gasoline and distillate stocks remain above the upper boundary of the average range for this time of year), along with soaring commercial oil supplies, will limit any sustained gains, in our view. Way too many factors weigh on oil prices &#8212; from OPEC decisions and geostrategic tensions to the value of the U.S. dollar and seasonal variables &#8212; to definitively size up each one of them for their respective impact on prices. For the week ending Mar. 5, the federal government’s Energy Information Administration (EIA) reported that crude ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/23/vlo-oil-gas-industry-stock-review-march-2010-industry-outlook/31459/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ACGY) Acergy S.A. Analysts Maintain Outperform Rating</title>
		<link>http://www.stockbloghub.com/2010/03/19/acgy-acergy-s-a-analysts-maintain-outperform-rating/31358</link>
		<comments>http://www.stockbloghub.com/2010/03/19/acgy-acergy-s-a-analysts-maintain-outperform-rating/31358#comments</comments>
		<pubDate>Fri, 19 Mar 2010 22:52:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31358</guid>
		<description><![CDATA[Acergy S.A. (ACGY) 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. In recent times, the company has successfully pursued a strategic shift towards the relatively high-margin deepwater markets (engineering and construction) that have braved commodity pricing and credit market turmoil. Deepwater drilling and subsequent construction activities are expected to get a further boost from the arrival of a large number of newbuild rigs in the coming years. Acergy is one of only four companies providing a wide range of offshore services globally. As such, it remains well positioned to capitalize on the positive outlook for demand in subsea engineering and construction services over the coming years. Acergy has been ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/19/acgy-acergy-s-a-analysts-maintain-outperform-rating/31358/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ACGY) Acergy S.A. Share Price Hits 52-Week High</title>
		<link>http://www.stockbloghub.com/2009/12/29/acgy-acergy-s-a-share-price-hits-52-week-high/23875</link>
		<comments>http://www.stockbloghub.com/2009/12/29/acgy-acergy-s-a-share-price-hits-52-week-high/23875#comments</comments>
		<pubDate>Wed, 30 Dec 2009 01:05:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23875</guid>
		<description><![CDATA[American Depositary Receipts (ADRs) of Acergy S.A. (ACGY) hit a 52-week high of $15.87 Monday. The oilfield contractor has seen its share price climb 58% since September, as investors have been buying shares of the company for its attractive fundamentals and positive outlook. The turnaround in fuel prices amid recent optimism about economic recovery have added to this bullish sentiment. We currently have an Outperform recommendation on the ADRs, reflecting the company’s strong leverage to the still very favorable outlook for deepwater oilfield activities and the quality of its client base, which mostly includes well-capitalized oil majors or national oil companies. With a healthy backlog, significant cash balances, and no near-term refinancing requirements, Acergy should weather the challenging business environment. In recent times, commodity prices have been way below year-earlier ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/29/acgy-acergy-s-a-share-price-hits-52-week-high/23875/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ACGY) Acergy S.A. Sees Reduced Margins in 2010</title>
		<link>http://www.stockbloghub.com/2009/12/01/acgy-acergy-s-a-sees-reduced-margins-in-2010/21618</link>
		<comments>http://www.stockbloghub.com/2009/12/01/acgy-acergy-s-a-sees-reduced-margins-in-2010/21618#comments</comments>
		<pubDate>Wed, 02 Dec 2009 01:04:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21618</guid>
		<description><![CDATA[London-based oilfield contractor Acergy S.A. (ACGY) re-affirmed its 2009 financial guidance, while expecting flat sales and lower margins next year. The company cautioned that tougher competition for new tenders and continued irregular timing of projects will lead to lower adjusted EBITDA margin in 2010, compared with the current year results. Management indicated that the business environment still remains challenging and the offshore oil services provider is bracing up for intense competition and price pressure next year. In recent times, commodity prices have been way below year-earlier highs, driving down exploration and production activity among oil companies. This translates into less work for service companies like Acergy, chipping away at its revenues and earnings. However, according to the Oslo-listed firm, irrespective of the grim short-term outlook, the medium-term market fundamentals remain ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/01/acgy-acergy-s-a-sees-reduced-margins-in-2010/21618/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ACGY) Acergy S.A. Wins Nigeria Subsea Deal</title>
		<link>http://www.stockbloghub.com/2009/10/20/acgy-acergy-s-a-wins-nigeria-subsea-deal/18252</link>
		<comments>http://www.stockbloghub.com/2009/10/20/acgy-acergy-s-a-wins-nigeria-subsea-deal/18252#comments</comments>
		<pubDate>Tue, 20 Oct 2009 22:59:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18252</guid>
		<description><![CDATA[Oilfield service provider Acergy S.A. (ACGY)  yesterday announced the receipt of a $500 million contract from the Nigerian subsidiary of Chevron Corp. (CVX). As per the deal, Acergy will support Chevron Nigeria Ltd’s gas development program in Escravos, offshore Nigeria, in water depths of up to 40 meters. The contract, encompassing engineering, procurement, fabrication, transportation, installation, tie-in and commissioning, calls for Acergy to obtain and install over 130 kilometers of pipelines, to fabricate and install 15 risers and 3 subsea tie-ins, and to install over 40 crossings. Acergy is due to commence engineering work immediately, while offshore installation is likely to begin during the fourth quarter of 2010. The London-based seabed-to-surface service provider described the award as recognition of its strong local engineering and project management skills in Nigeria. Acergy ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/20/acgy-acergy-s-a-wins-nigeria-subsea-deal/18252/feed</wfw:commentRss>
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		<title>(ACGY) Acergy S. A. Tops Expectations but Lowers 2010 View</title>
		<link>http://www.stockbloghub.com/2009/10/16/acgy-acergy-s-a-tops-expectations-but-lowers-2010-view/17730</link>
		<comments>http://www.stockbloghub.com/2009/10/16/acgy-acergy-s-a-tops-expectations-but-lowers-2010-view/17730#comments</comments>
		<pubDate>Sat, 17 Oct 2009 00:59:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17730</guid>
		<description><![CDATA[Earlier today, London-based oilfield contractor Acergy S.A. (ACGY) reported significantly better-than-expected third-quarter (ending August 31, 2009) results on the back of solid margins, strong operational performance, and good project execution skills. Earnings per share from continuing operations came in at 29 cents, well above the Zacks Consensus Estimate of 16 cents. Compared with the corresponding quarter of 2008, Acergy’s earnings per share was down 44.2%, reflecting the still tentative operating environment due to the commodity price and credit market overhang. In particular, business conditions remain challenging for the company’s relatively high-margin Sub-sea construction, Umbilicals, Risers, and Flowlines (SURF) activities, as macroeconomic concerns force the clients to delay their awards. Revenue &#38; Operating Performance Revenue for the quarter fell 12.7% year-over-year to $558.3 million, primarily due to lower exploration and production ]]></description>
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		<title>(ACGY) Acergy Scores Pipeline Contract From Total in Angola</title>
		<link>http://www.stockbloghub.com/2009/09/23/acgy-acergy-scores-pipeline-contract-from-total-in-angola/15918</link>
		<comments>http://www.stockbloghub.com/2009/09/23/acgy-acergy-scores-pipeline-contract-from-total-in-angola/15918#comments</comments>
		<pubDate>Wed, 23 Sep 2009 19:44:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15918</guid>
		<description><![CDATA[Yesterday, Acergy (ACGY) said it won a contract worth about $110 million from Total (TOT) E&#38;P Angola and BP Angola (Block 18) B.V. The deal involves the installation of over 70 kilometers of 24-inch pipeline from Block 2, together with related jumpers, PLET and tie-ins to the near-shore/onshore pipeline in water depths up to 40 meters. While the engineering work will begin immediately, offshore installation is scheduled to start in the second quarter of 2010. The company will use Acergy Hawk and Acergy Legend for construction support and rigid pipelay asset Acergy Polaris for this contract. The contract reflects Acergy’s strong presence in Angola. In 2008, the company won a $250 million deal from Angola LNG Ltd. for the development of a pipeline network. Eralier in 2007, it had successfully ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(ACGY) Acergy ADRs Set to Outperform</title>
		<link>http://www.stockbloghub.com/2009/08/27/xom-acergy-adrs-set-to-outperform/13705</link>
		<comments>http://www.stockbloghub.com/2009/08/27/xom-acergy-adrs-set-to-outperform/13705#comments</comments>
		<pubDate>Thu, 27 Aug 2009 23:59:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Exxon Mobil Corp.]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13705</guid>
		<description><![CDATA[London-based Acergy S.A. (ACGY) 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. In recent times, the company has been successfully pursing a strategic shift towards the relatively high-margin deepwater markets (engineering and construction) that have withstood the commodity price and credit market turmoil. Deepwater drilling and the subsequent construction activities are expected to get a further boost from the arrival of a large number of newbuild rigs in the next few years. Acergy is one of only four global companies capable of providing a wide range of offshore services on a worldwide basis. As such, it remains well positioned to capitalize on the positive outlook for subsea engineering and ]]></description>
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