Stolt Offshore Company News

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Stolt Offshore Will Become Acergy S.A. Next Monday.
Monday, April 03, 2006 Following a general meeting on Monday, Stolt Offshore announced that the company's name will be changed to Acergy S.A. effective April 10.

Stolt Wins $125 Million Deepwater Contract in Angola
Friday, March 10, 2006 Stolt Offshore has won a $125 million contract for a deepwater SURF installation project offshore Angola.

Stolt Offshore to Hold Second Shareholder Meeting to Change Name
Friday, February 24, 2006 Stolt Offshore S.A. to hold another shareholders meetiing on April 3, 2006 in connection with the company's proposal to change the name to Acergy S.A.

Stolt Offshore Receives Contracts Worth $300 Million in Brazil
Monday, February 13, 2006 Stolt Offshore has received contract awards totalling approximately $300 million in letters of intent from Petrobras in Brazil.

Statoil Awards Vigdis Contracts
Thursday, February 02, 2006 In connection with phase two of the Vigdis extension project, Statoil has awarded contracts to FMC Kongsberg, Saipem and Stolt Offshore.

Statoil Awards Stolt Pipelaying Contract for Tyrihans
Thursday, January 26, 2006 Statoil has awarded Stolt Offshore an assignment to lay two pipelines from the Tyrihans oil and gas field to the Kristin platform in the Norwegian Sea. The contract is worth over NOK 550 million.

Stolt Offshore to Charter New Build IMR and Survey Ship
Tuesday, November 29, 2005 Stolt Offshore has entered into an agreement with Eidesvik Shipping AS to charter a new build ship for the Inspection, Maintenance, Repair (IMR) and Survey market for a firm period of 8 years, plus options for a further 12 years.

Stolt Offshore Wins 6-Year Pipelay Contract from Petrobras
Friday, November 18, 2005 Stolt Offshore has been awarded a new contract by Petrobras for a firm period of six years for deepwater flexible pipelay offshore Brazil.

Stolt Offshore Awarded Contract Extension for Moho-Bilondo Project
Tuesday, November 15, 2005 Stolt Offshore has been awarded an extension to the recently awarded Total E&P Congo Moho-Bilondo deepwater field development offshore Congo.

Cal Dive Closes First Phase of Asset Purchase with Stolt Offshore
Wednesday, November 02, 2005 Cal Dive International has closed a transaction to purchase the diving assets of Stolt Offshore that presently operate in the Gulf of Mexico.

Cal Dive Receives OK to Close Asset Purchase Agreement with Stolt Offshore
Tuesday, October 18, 2005 Cal Dive International has received clearance from the Department of Justice to close the asset purchase agreement with Stolt Offshore.

Stolt Offshore Wins $36 Million Project Offshore Vietnam
Monday, September 05, 2005 Stolt Offshore S.A. has been awarded a contract valued at approximately $36 million by Vietnamese state oil company Petro Vietnam Exploration and Production (PVEP) for the Dai Hung Field Extension, offshore Vietnam.

Stolt Awarded Installation Contract at Norne
Wednesday, August 31, 2005 A marine operations contract worth just under NOK 70 million has been awarded to Stolt Offshore by Statoil on behalf of the licensees for the Norne development in the Norwegian Sea.

Stolt Offshore Awarded $40 Million in New Contracts
Wednesday, July 13, 2005 Stolt Offshore has been awarded two contracts by Bluewater Industries, together totaling $40 million for installation work on two fields in the Southern North Sea on behalf of ATP Oil & Gas.

Stolt Offshore Wins Contract Extension in Brazil
Friday, July 08, 2005 Stolt Offshore has been awarded a two year extension to the contract for the Seaway Harrier by Petrobras in Brazil, with an option for an additional two years. The two year extension commences in early September 2005.

Pemex Awards Monotower Platform to Stolt-Siphnos Consortium
Friday, May 13, 2005 The next step in Pemex's expansion program for hydrocarbon production in the Northern Region was taken with the award of a production platform to a consortium composed of the Norwegian Stolt Offshore and Siphnos, a Mexican project management firm.

Norsk Hydro Awards Pipeline Contract to Stolt
Wednesday, April 27, 2005 Stolt Offshore was awarded a contract worth approximately NOK 320 million by Hydro, for pipelines for the Njord gas export project.

Cal Dive Acquires Shallow Water & Diving Assets from Stolt
Tuesday, April 12, 2005 Cal Dive International has agreed to acquire the diving and shallow water pipelay assets of Stolt Offshore that presently operate in the waters of the Gulf of Mexico and Trinidad for $125 million in cash.

Stolt-Nielsen to Sells Its Shares of Stolt Offshore
Friday, January 07, 2005 Stolt Offshore S.A. has been informed by Stolt-Nielsen S.A. of their intention to sell all of their ownership in Stolt Offshore S.A.

Stolt Offshore Wins LOI for Work in Northern Europe & Canada
Monday, January 03, 2005 Stolt Offshore has signed a letter of intent for flowline installation and construction work on an offshore field development in its Northern Europe and Canada Region valued at approximately $120 million.

Stolt Offshore Awarded LOI for $200 Million Contract
Tuesday, December 21, 2004 Stolt Offshore has signed a letter of intent for construction work on an offshore field development in its Africa and Mediterranean Region valued at approximately $200 million.

Subsea 7 Secures IRM Works in Indonesia for BP
Tuesday, December 14, 2004 Subsea 7 has been awarded a series of contracts by Stolt Offshore subsidiary PT Komaritim (PTK) in support of its recently acquired subsea operations services contract for BP West Java Ltd.

Stolt Offshore Awarded North Sea Contracts
Tuesday, November 30, 2004 Stolt Offshore has been awarded three contracts for its Northern Europe and Canada Region valued together at approximately $90 million.

Stolt Offshore Wins Contract in Mediterranean Region
Monday, November 08, 2004 Stolt says revenues from a major contract in Africa and Mediterranean Region had grown by approximately $70 million.

Stolt Offshore Announces Second Quarter & Half-Year Results
Wednesday, July 14, 2004 Stolt Offshore S.A. announced unaudited results for the second quarter and six months ended on May 31, 2004.

Stolt Offshore to Elect New Directors
Wednesday, June 09, 2004 Stolt Offshore S.A. (Nasdaq: SOSA; Oslo Stock Exchange: STO), intends to elect Mr. Trond O. Westlie and Mr. George H. Doremus to the Board of Directors at the extraordinary general meeting on June 30, 2004.

Stolt Offshore Closes Sale of Serimer Dasa Unit
Friday, June 04, 2004 Stolt Offshore has closed the sale of its automatic pipeline welding services business Serimer Dasa to an investment fund led by Lime Rock Partners. The sale will raise approximately $40 million before transaction costs.

Stolt Offshore Begins Trading New Shares
Tuesday, June 01, 2004 Stolt Offshore reports that the new Common Shares and ADR's, which have been issued following the Subsequent Issue which closed on May 25, will begin trading on the Oslo Boers and on the Nasdaq National Market on June 1, 2004.

Stolt Offshore Wins $35 Million Ormen Lange Contract
Wednesday, May 26, 2004 Stolt Offshore has been awarded a contract, valued at approximately $35 million, from Ormen Lange operator Norsk Hydro in Norway.

Stolt Offshore Closes Subsequent Share Issue
Wednesday, May 26, 2004 Stolt Offshore announced that the offering of new shares closed on May 25, 2004.

Stolt Offshore Completes Debt for Equity Swap
Wednesday, April 21, 2004 Stolt Offshore says its debt for equity swap, under which the Stolt-Nielsen Transportation Group has subscribed for an additional 22,727,272 Common Shares in consideration for the cancellation of $50 million of subordinated loans to Stolt Offshore, had been completed.

Stolt Wins $120 Million in North Sea Contracts
Wednesday, April 07, 2004 Stolt Offshore has received contract awards and Letters of Intent totaling approximately $120 million from various customers operating in the North Sea.

Stolt Offshore Wins $150 Million Contract in Nigeria
Monday, April 05, 2004 Stolt Offshore S.A. has signed an interim agreement for the second phase of the Amenam project in Nigeria.

Stolt Offshore Wins Pipeline Contract from BG
Friday, April 02, 2004 Stolt Offshore has been awarded a contract, valued at approximately $80 million, from BG International Limited for the installation of about 90km of 24-inch diameter gas transportation pipeline and an associated 12-inch diameter infield flowline and well control umbilical.

Stolt Offshore Wins Pipelay Contract in Trinidad
Thursday, April 01, 2004 Stolt Offshore S.A. received a letter of intent from the National Gas Company of Trinidad and Tobago to install 62.9 km of 36-inch diameter gas transportation pipeline from the BP Cassia B platform to Rustville on the South East coast of Trinidad.

Stolt Offshore Lifts Trading Restrictions on New Shares
Wednesday, March 24, 2004 Stolt Offshore announced that the transfer restrictions have been lifted on the 45.5 million Common Shares, which were issued in the private placement and on which trading commenced on March 12, 2004.

Stolt Offshore Wins 2006 Workscope for Langeled Pipelay
Monday, March 22, 2004 Stolt Offshore announced that further to the 2005 Langeled pipelay workscope awarded to Stolt Offshore in November 2003, the Langeled Group, with Norsk Hydro as operator, has in addition exercised its option to award Stolt Offshore the 2006 workscope for the Langeled pipeline.

Stolt Offshore Settles Patent Dispute Out of Court
Thursday, March 18, 2004 Stolt Offshore S.A. announced that its long running UK litigation with a competitor regarding a European patent covering technology related to the laying of flexible pipes, has been settled out of court.

Stolt & Technip Win Contract for Work Offshore Angola
Wednesday, February 18, 2004 Stolt Offshore and Technip have been awarded a contract from BP Angola for the Engineering, Procurement, fabrication, and installation of umbilicals risers and flowlines on the Block 18, Greater Plutonio field, offshore Angola.

Oceaneering to Acquire Stolt's ROV Business Unit
Tuesday, December 02, 2003 Oceaneering has entered into an agreement with Stolt Offshore to acquire Stolt's drill support ROV business for $50 million.

Stolt Offshore Wins Two Contracts from BHP
Wednesday, June 25, 2003 Stolt Offshore has been awarded two contracts by BHP Billiton, one for the installation of an offshore platform and the other for the installation of pipelines in Trinidad and Tobago.