FMC Technologies, Inc. (NYSE: FTI) announced that it has signed a subsea service contract with Petrobras (NYSE:PBR) (NYSE:PBRA) . The agreement is effective through 2012 and is expected to result in an additional $80m in revenue to FMC Technologies. FMC's scope of supply includes storage, maintenance, commissioning and offshore services for subsea and topside control systems and drill pipe riser systems.
10. Moore Stephens, AHL merger
International accountant and shipping consultant Moore Stephens has strengthened its shipping industry risk management services capability following a merger with AHL Business Assurance Limited, a specialist provider of governance, risk and internal audit services. The merger will also facilitate continued growth in other specialist industry sectors such as insurance and financial services and the public sector.
AHL’s two directors, Sarah Hillary and Robert Noye-Allen, have become partners in Moore Stephens LLP. Sarah Hillary said, “The time has come for AHL to take the next major step in its development. We have built a successful business since we started in 2000 and have taken a very thorough look at what success will look like in the future. We examined a number of strategic options and concluded that joining a larger firm will help us fulfil our ambitions.”