NORWEGIANS CREATING HUGE NEW DEEP SEA OIL FIRM

DESPITE OUR CURRENT DEBACLE IN THE GULF, THE REST OF THE WORLD STILLLOVES DEEP SEA ENERGY EXPLOITATION:

BBC: Acergy to buy Subsea 7 in oil and gas engineering deal

North sea gas rig Acergy built the world's longest undersea gas pipeline in 2006

Norway's Acergy has announced an acquisition that will create a major new oil and gas engineering firm.

The company will buy out rival Subsea 7, creating a company of 12,000 employees and worth $5.4bn (£3.6bn).

Acergy built what was the world's longest underwater gas pipeline in 2006, connecting the UK to Norwegian North Sea gasfields.

IF THEY CAN DO IT - AND IF BRAZILIANS CAN DO IT - THEN WE CAN DO IT!