Search results for: CGG

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  • 16 April 2013

    Fortune Oil announced the following development regarding its shareholding in China Gas Holdings Ltd (CGH) which is held through China Gas Group Limited (CGG), a joint venture company between the Company and Mr Liu Minghui. As detailed in the Company’s announcement on 17 February 2012, CGG entered into an arrangement with a private company (Fortune Max) […]

  • 4 December 2018
    Business & Finance

    OMV has renewed its contract with CGG to operate a dedicated center at its head office in Vienna. 

  • 15 December 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    French engineering group Technip has informed that it no longer plans to pursue its takeover bid for CGG. Namely, Technip approached CCG earlier this year, in November, with a public tender offer in cash for CGG’s shares at a price of 8.30 euros per share and no deal was made. After CGG declined the bid, […]

  • 13 November 2017
    Business & Finance

    CGG recorded a net loss of $124.4 million for 3Q 2017 on revenues of $320 million amid its financial restructuring process. 

  • 5 November 2014
    Operations & Maintenance

    Gardline CGG Pte Ltd has been selected by Geoscience Australia to acquire the Houtman 2D broadband marine seismic survey in the Perth Basin. M/V Duke is currently transiting to Western Australia following the completion of the BRAHSS project in Queensland. The survey will cover up to 4,800 line kilometres in the Houtman sub-basin here a […]

  • 9 January 2019
    Business & Finance

    An increase in CGG’s revenues in the last quarter of 2018 was driven by the highest quarterly revenues in the multi-client sales segment since 4Q 2015. 

  • 17 May 2018
    Business & Finance

    CGG returned to quarterly profit, following successful completion of financial restructuring during the first quarter of 2018. 

  • 24 April 2015
    Business & Finance, Equipment, Operations & Maintenance

    Gardline CGG (GCGG), a Joint Venture between Gardline Geosurvey and CGG, has completed the Gippsland 2D Infill survey for Geoscience Australia on Friday 24th April. The project was conducted and completed by the Gardline CGG-operated vessel MV Duke, on time, within budget and without any incidents despite encountering some challenging sea conditions at times, the […]

  • 26 October 2017

    French seismic acquisition specialist CGG has been awarded a contract for onshore and offshore survey in Ivory Coast. Under the contract with Ivory Coast’s Direction Générale des Hydrocarbures (DGH) and PETROCI, the national oil company, CGG will acquire, a multi-client program of gravity, gravity gradiometry and magnetic data over the Republic’s onshore and shallow offshore basins. […]

  • 21 October 2014
    Business & Finance, Project & Tenders

    Nimrod Sea Assets has completed its fourth transaction for USD6.65m by way of a 17.5% stake in Volstad Maritime II DIS, a partnership which owns the M.V. Oceanic Endeavour. Oceanic Endeavour is a high-end, 16 streamer, seismic vessel bareboat chartered to CGG Eidesvik and then time chartered to CGG Veritas. CGG Eidesvik AS is a joint-venture […]

  • 4 December 2018
    Project & Tenders

    CGG has renewed its contract with OMV to operate a dedicated center at its head office in Vienna. The contract will run for a further three years. During this period OMV will continue to benefit from onsite access to CGG’s subsurface imaging and reservoir characterization expertise and technology. The tailored service delivered by experienced in-house […]

  • 4 December 2017
    Business & Finance

    CGG informed that the Commercial Court of Paris has approved the safeguard plan of CGG. The approval comes after finding the claims filed by certain holders of CGG’s convertible bonds against the safeguard draft plan inadmissible. The next procedural step of CGG’s financial restructuring is the hearing scheduled on December 21, 2017, to consider the […]

  • 11 June 2019
    Operations & Maintenance, Project & Tenders

    Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea. Managed out of CGG’s Oslo office and located inside Equinor’s offices in Stavanger, a dedicated team of CGG processing experts, working together […]

  • 22 October 2015
    Operations & Maintenance

    CGG has received all necessary permits to start acquiring broadband seismic survey of the Barreirinhas Basin in the Equatorial Margin of northern Brazil in early November. The 14,500 km2 MegaBar survey is being acquired by the Oceanic Vega deploying Sercel Sentinel solid streamers. The BroadSeis dataset will be processed in CGG’s Rio de Janeiro Subsurface […]

  • 5 November 2015

    French seismic data specialist, CGG, will reduce its workforce by 13 percent and its fleet to five vessels. According to CGG’s 3Q 2015 results report on Thursday, the company will reduce its workforce by 930 positions worldwide. CGG also says that, in addition to 3 vessels already cold-stacked by October-end, it will reduce its fleet to 5 operated vessels […]

  • 12 September 2018
    Business & Finance

    Seismic player CGG has decided to delist its American Depositary Shares from the New York Stock Exchange (NYSE) and deregister with the United States Securities and Exchange Commission (SEC). CGG said it believes that the costs associated with continuing the listing and registration of its ADSs exceed the benefits received by CGG, as the primary […]

  • 2 October 2019
    Operations & Maintenance

    CGG Subsurface Imaging, part of CGG’s Geoscience division, has delivered broadband 4D seismic results from BP Angola’s latest monitor survey. The enhanced imaging volumes from the Greater Plutonio development in the Lower Congo Basin were delivered four weeks early. Radwa El Zidan, geophysicist from the BP-Angola asset team, said: “We were very impressed by the […]

  • 3 February 2016
    Business & Finance

    CGG, a geoscience company, has been awarded an extension to a 3D seismic survey it completed on the Caribbean coast offshore Colombia in late 2015. According to the company, the new survey follows on from the original over 16,000-km2 survey CGG conducted over portions of the Col-1 and Col-2 blocks, which was the largest survey […]

  • 27 March 2017
    Business & Finance, Operations & Maintenance

    French seismic survey player CGG and Norwegian vessel owner Eidesvik have agreed to establish a new shipowning company.  This new unit will possess the five vessels currently owned by CGG and cold-stacked (Geo Coral, Geo Caribbean, Geo Celtic, CGG Alize and Oceanic Challenger), as well as the two vessels co-owned by CGG and Eidesvik (Oceanic Vega […]

  • 14 March 2017

    French geophysical company CGG has decided to reduce vessel charter cash costs for the seismic vessel Oceanic Champion while under strict cost and cash management.  The geophysical company said on Tuesday that, in line with the agreements announced in January regarding three vessels, the Viking Vanquish, the Pacific Finder, and the Oceanic Phoenix, CGG and CGG’s Norwegian […]

  • 21 October 2014
    Business & Finance, Equipment

    Nimrod Sea Assets Limited has completed its fourth transaction for USD6.65 million by way of a 17.5% stake in Volstad Maritime II DIS, a partnership which owns the M.V. Oceanic Endeavour (“OE”). Oceanic Endeavour is a high-end, 16 streamer, seismic vessel bareboat chartered to CGG Eidesvik and then time chartered to CGG Veritas. CGG Veritas is […]

  • 17 April 2014
    Business & Finance, Project & Tenders

    Gardline CGG’s M/V Duke has been awarded three contracts for 2D seismic survey and geochemical sampling with major companies in Australia and South East Asia. The contracts have a combined duration of approximately 100 days and an estimated value of USD 10 million. Startup is expected around late May with the projects spread throughout the […]