In my oil patch preview of the year ahead, I tapped ongoing deepwater activity as an investment theme for 2008. With the first day of trading now complete, we have certainly gotten off on the right foot -- and I'm not even talking about crude oil grazing the $100 mark.
Pazflor, in which StatoilHydro
Another noteworthy technical point is that gas/liquid separation will be carried out on the seabed, thus freeing up valuable platform space. This is where a specialist like FMC comes in handy -- it just recently snapped up the remaining shares of a Belgian separation specialist. (If this talk of separation makes it suddenly difficult for you to separate your eyelids, the chart of NATCO Group
This contract award is probably most gratifying for Acergy shareholders, who have experienced a bumpy ride lately. A few more contracts like this would turn things around in a hurry.