ALMANSOORI STRENGTHENS HSEQ TEAM

Innovative leading oilfield services provider AlMansoori Specialized
Engineering (MSE) has reaffirmed its commitment to health, safety,
environment and quality (HSEQ) with the announcement of two key appointments
in its HSEQ management team.

The company has appointed Dr Edna Aricaya-Huevos and Graham Caie as HSEQ
advisors.

Dr Aricaya-Huevos (47) will monitor, manage and promote better health and
lifestyle amongst the company¹s employees. Dr Aricaya-Huevos graduated from
the Ateneo de Davao University in the Philippines and is a practising
physician. She has worked in several institutions over the past 15 years
and has devoted the past three years to practising holistic medicine.

Dr Aricaya-Huevos said: "I find MSE to be a dedicated company which takes
great care and consideration to ensure its employees are in the best of
health. I will use my experience in internal and holistic medicine to
ensure optimal health throughout the company through a series of lectures,
consultations and health publications. I believe a happy, healthy workforce
ensures better business for clients and customers and ensures a positive
wellbeing for each individual."

Aberdeen-born Mr Caie (28) has been appointed as HSEQ advisor for AlMansoori
Tubular Inspection Services (a division of MSE) and MSE¹s Qatar and Saudi
Arabia operations. He is responsible for HSEQ activity in Qatar, Abu Dhabi,
Kuwait, Saudi Arabia, Egypt, Libya and Oman.

Mr Caie has more than eight years¹ experience in the oil industry, with more
than four years working in HSEQ in the Middle East, covering a variety of
services such as safety valves, hydrostatic pressure testing, completions
and coiled tubing.

He said: "I have been encouraged by AlMansoori¹s extremely proactive
approach to health, safety, environment and quality. HSEQ is at the very
heart of the company¹s culture and I look forward to helping AlMansoori
raise the HSEQ bar even higher in the future."

ALMANSOORI ACQUIRES SECOND EGYPTIAN COMPANY

Innovative oilfield services provider AlMansoori Specialized Engineering
(MSE) has strengthened its market position in Egypt with the acquisition of
leading service company Gulf Petroleum Investments in a multi-millon dollar
deal.

MSE¹s tubular inspection division has acquired all the assets and existing
contracts of Cairo-based GPI, whose core business is tubular inspection and
wireline manpower services.

The acquisition is in line with AlMansoori¹s long term commitment to
international expansion while enhancing its position in the Middle East.
Earlier this year AlMansoori heralded its first venture into the rapidly
growing Egyptian oil and gas sector with the acquisition of production
testing, drill stem testing and memory gauge equipment company Alpine Oil
Services Egypt (AOSE).

Lyle Gifford, General Manager of AlMansoori¹s Tubular Inspection Services,
said: "The acquisition of GPI is of key strategic importance in our
commitment to both geographic and business expansion.

"GPI¹s existing portfolio of work gives us an immediate start and enhances
our position in the highly significant Egyptian oil and gas market.

"Our acquisition of AOSE enabled us to establish one of our core business
streams in Egypt ­ production services. The acquisition of GPI gives us a
platform to introduce our other two core streams ­ inspection and wireline
services, giving us a full capability in Egypt. The country also provides a
solid base from which to expand into the wider North African oil and gas
market, giving us a significant advantage in the region."

Petrofac, the international oil & gas facilities service provider, has appointed Gordon East as managing director, Petrofac Facilities Management, its fast-growing international operations and maintenance business. The appointment is effective from 1 August.

East will lead the continued expansion of the business from its strong UK operational base into the Middle East, North Africa, Former Soviet Union, and beyond.

Commenting on his appointment, East said: “I am excited to be joining Petrofac, one of the industry's most dynamic players. The history of Petrofac Facilities Management is one of continuous and impressive growth and I am very much looking forward to helping a great team maintain that momentum.”

East succeeds Jim Atack, under whose leadership over the past six years Petrofac Facilities Management has successfully established the Service Operator concept in the North Sea and achieved significant growth in the business. Atack now moves to a senior corporate development role within Petrofac.

Acergy S.A. (NASDAQ NM: ACGY; Oslo Stock Exchange: ACY), announced today that it has been awarded, in a consorium with Subsea7 Inc, a two year Frame Agreement Contract by Statoil ASA. This contract will cover all of Statoil¹s subsea installation work in the Norwegian Sea and North Sea throughout 2007 and 2008. The total value to the consortium for firm work
awarded so far is approximately $80 million, with further installation projects of a similar value expected to be called off as they are sanctioned.

The firm work awarded to date includes subsea installation for the Tyrihans Marine Operations project, including installation of the control umbilicals, risers, flexible jumpers, protection structures and tie-in of five templates. The Tyrihans template installation is scheduled to take place in 2007, with the remainder of the scope being performed in 2008. Other work agreed under the contract award to date includes the installation of the template for water injection in the Tordis IOR (Increase Oil Recovery) and the template installation for the Yttergryta development project. Work on both projects is scheduled to be carried out during 2007.

Øyvind Mikaelsen, Vice President Acergy Northern Europe and Canada, said, "We are very happy to have been awarded the Statoil Frame Agreement Contract in a consortium with Subsea7. Earlier this year Statoil ASA awarded Acergy a separate contract to carry out the pipeline installation works on the Tyrihans oil and gas field development project in the Norwegian Sector of the North Sea. Both awards demonstrate the continued high demand for
Acergy¹s services for a number of years ahead."

Aberdeen based well and pipeline service company, Qserv, has acquired
the Weatherford Group’s coil tubing business, with effect from 30th
June, 2006.

The multi-million pound deal will augment Qserv’s position as one of
the leading well and pipeline service companies. This deal
significantly accelerates the company’s international expansion
strategy. The acquisition includes all coil tubing, flowline and
nitrogen related assets, contracts and ongoing business in the North
Sea and Europe and also ongoing work in the Ivory Coast, Equatorial
Guinea, Mauritania and Yemen.

Tommy Dreelan, managing director of Qserv, said: “We are delighted to
have concluded this deal with Weatherford. While we continue to focus
on the North Sea, which is core to our business, we have been looking
to further develop overseas. The acquisition is an important step to
achieve our growth ambitions for integrated operations
internationally and provides the industry with a clear demonstration
of our international objectives without compromising our UK operations.

“We welcome the existing Weatherford staff to Qserv. Additionally we
will begin a major recruitment drive for offshore and onshore staff
to support our development plans both here and overseas providing
fresh opportunities for both existing and new staff. Ensuring that we
have a professional, dedicated team is key to delivering a quality
service for our clients,” continued Dreelan.

“Our very success is attributable to the quality of our team. We will
remain committed to enhancing our operations and providing clients
with added value and the resulting business growth from the
acquisition will facilitate this. We already have a major programme
of work this year and forecast continued growth in 2007 and beyond.
Along with our current £7m headquarters and workshop development due
for completion in December 2006, we have a very busy year ahead of us.

“We wish to thank our advisors and the Royal Bank of Scotland for
their support in concluding the deal,” added Dreelan.

Andrew P. Becnel, Vice President of Finance at Weatherford
International Ltd., said, "Qserv has an extremely talented and
experienced management team who knows the coil tubing business well.
With the addition of these new employees and assets, Qserv has
positioned itself exceptionally well to further strengthen its
business on a global basis."

Petrofac, the international oil & gas facilities service provider,
issues the following pre-close trading update ahead of the
announcement of its interim results for the six months ending 30 June
2006, expected to be on 18 September 2006.

The Board is pleased to be able to report that the Group’s strong
operational performance, highlighted in the recent AGM trading
statement, has continued and, with oil & gas markets continuing to
support strong demand for our services, the outlook for the rest of
the financial year is viewed with increasing confidence. It is
therefore anticipated that, in the absence of unforeseen
circumstances, the Group’s net profit for 2006 will significantly
exceed the Board’s previous expectations.

During the first six months of 2006, order intake across the Group
amounted to, in aggregate, approximately $1.0 billion. As at 30 June
2006, total backlog was approximately $3.4 billion.

This will be the home of the energy-people, giving you the latest news on the oil industry, the oil& gas industry and the renewables industry and the opinions of the people in it.

We can give you high quality content because we know the right people and they know us - the energy-people.