Acergy S.A. was an international offshore seabed to surface engineering

Engineering

Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...

 and construction

Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...

 company

Company

A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...

 previously known as Stolt Offshore and Stolt Comex Seaway and was part of the Stolt-Nielsen Group

Stolt-Nielsen

Stolt-Nielsen Limited is a Norwegian-Bermudean shipping and seafood company. The company has its headquarters formally in London although most of its operations are in Rotterdam, it is listed on Oslo Stock Exchange.-Stolt Tankers:...

 until 2005. The company was registered in Luxembourg

Luxembourg

Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

 and had its headquarters in London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

 in the United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 as well as offices in Stavanger

Stavanger

Stavanger is a city and municipality in the county of Rogaland, Norway.Stavanger municipality has a population of 126,469. There are 197,852 people living in the Stavanger conurbation, making Stavanger the fourth largest city, but the third largest urban area, in Norway...

, Norway; Aberdeen

Aberdeen

Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 25th most populous city, with an official population estimate of ....

, United Kingdom; Suresnes

Suresnes

Suresnes is a commune in the western suburbs of Paris, France. It is located from the center of Paris. The nearest communes are Neuilly-sur-Seine, Puteaux, Rueil-Malmaison, Saint-Cloud and Boulogne-Billancourt...

, France

France

The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

; Houston, United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

; Rio de Janeiro

Rio de Janeiro

Rio de Janeiro , commonly referred to simply as Rio, is the capital city of the State of Rio de Janeiro, the second largest city of Brazil, and the third largest metropolitan area and agglomeration in South America, boasting approximately 6.3 million people within the city proper, making it the 6th...

, Brazil

Brazil

Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

; Perth

Perth, Western Australia

Perth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....

, Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

; St. John's

St. John's, Newfoundland and Labrador

St. John's is the capital and largest city in Newfoundland and Labrador, and is the oldest English-founded city in North America. It is located on the eastern tip of the Avalon Peninsula on the island of Newfoundland. With a population of 192,326 as of July 1, 2010, the St...

, Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 and Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

. The company was listed on the Oslo Stock Exchange

Oslo Stock Exchange

The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...

 and NASDAQ

NASDAQ

The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...

. In 2011 the firm merged with Cayman Islands-based Subsea 7, Inc. to create Subsea 7 S.A.

Subsea 7

Subsea 7 S.A. is a subsea engineering and construction company. Registered in Luxembourg and with its headquarters in London in the United Kingdom, the firm assumed its current form in January 2011 when Acergy S.A...

History

The company started as the Haugesund

Haugesund

is a town and municipality in the county of Rogaland, Norway.-Location:Haugesund was separated from Torvastad as a town and municipality of its own in 1855. The rural municipality of Skåre was merged with Haugesund on January 1, 1958. Haugesund is a small municipality, only 73 km²...

 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

West Africa

West Africa or Western Africa is the westernmost region of the African continent. Geopolitically, the UN definition of Western Africa includes the following 16 countries and an area of approximately 5 million square km:-Flags of West Africa:...

, resulting in the acquisition of Houston based Ceanic Corporation, Danish

Denmark

Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...

 NKT Flexibles

NKT Flexibles

NKT Flexibles is a supplier of flexible pipelines for the offshore and chemical industries based in Denmark. The company was formed in 1999 when it split off from NKT Cables. It is owned 51% by the NKT Holding group and 49% by Acergy...

 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 1 March 2006 the company changed its name to Acergy.

On June 21, 2010 it was announced that Acergy would acquire Subsea 7

Subsea 7

Subsea 7 S.A. is a subsea engineering and construction company. Registered in Luxembourg and with its headquarters in London in the United Kingdom, the firm assumed its current form in January 2011 when Acergy S.A...

 for US $2.5 billion. The new entity, formed on 7 January 2011, took the Subsea 7 name but retained Acergy's Luxembourg domicile and London headquarters.

Operations

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

Joint ventures

Main Joint Ventures included: Seaway Heavy Lifting in Netherlands, NKT Flexibles

NKT Flexibles

NKT Flexibles is a supplier of flexible pipelines for the offshore and chemical industries based in Denmark. The company was formed in 1999 when it split off from NKT Cables. It is owned 51% by the NKT Holding group and 49% by Acergy...

 in Denmark, SapuraAcergy in Malaysia, Global Oceon Engineers in Nigeria.

Assets

Ships: Acergy Condor, Acergy Discovery, Acergy Eagle, Acergy Falcon, Acergy Harrier, Acergy Hawk, Acergy Legend, Acergy Osprey, Acergy Petrel, Acergy Viking, Far Saga (time charter), Skandi Acergy (time charter), Pertinacia, Polar Queen, Polarbjørn (time charter), Sapura 3000 (owned by SapuraAcergy Joint Venture), Stanislav Yudin (owned by Seaway Heavy Lifting Joint Venture), Oleg Strashnov (newbuild, owned by Seaway Heavy Lifting Joint Venture), Acergy Havila (Newbuild), Acergy Borealis (newbuild)

Barges: Acergy Polaris, Antares, Acergy Orion