3673 results found for 'cgx'

3673 results found for 'cgx'
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  • CGG to Downsize Its Fleet

    1 August 2014
    Business & Finance, Operations & Maintenance

    CGG has announced its non-audited 2014 second quarter results. Reported revenue was at $689 million, compared to $1.032 million same time last year. Restructuring measures implemented in 2014: – Marine fleet reduced to 13 seismic vessels by end 2014. 1 vessel already decommissioned, 1 vessel retired from the seismic market, 2 vessels de-rigged and 1 permanently […]

  • CGG Gears for Mexico Survey

    22 February 2016
    Business & Finance, Equipment, Operations & Maintenance

    CGG will start a multi-client airborne gravity and magnetic survey offshore Mexico, the company said Monday. The Comisión Nacional de Hidrocarburos (CNH) has authorized the program, which will include the acquisition of approximately 200,000 line kilometers over six areas across the Mexican Gulf of Mexico. Data acquisition should begin in March 2016 and is anticipated to take twelve […]

  • Brazil OGX Announces the Presence of Hydrocarbons in Well OGX-19 in the Santos Basin

    30 September 2010

    OGX Petróleo e Gás Participações S.A. (“OGX”), the Brazilian oil and gas company conducting the largest private sector exploratory campaign in Brazil, announced today that it has identified hydrocarbons indicative of light oil and gas in the Santonian section of well 1-OGX-19A-RJS, located in the BM-S-58 block, in the shallow waters of the Santos Basin. […]

  • OGX Discovers Hydrocarbons in Well OGX-25 in the Campos Basin Off Brazil

    12 January 2011
    Business & Finance

    OGX Petróleo e Gás Participações S.A. , the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced today the presence of hydrocarbons in the Eocene section of well 1-OGX-25-RJS and provided additional information concerning the previously announced discovery in the Albian-Cenomanian section of this well, which is located […]

  • CGG Adds New CFO

    26 July 2018
    Business & Finance

    CGG has appointed Yuri Baidoukov as group CFO, effective September 1, 2018. Yuri Baidoukov will be based in Paris and report to the chief executive officer, Sophie Zurquiyah. “I am very pleased that Yuri has agreed to join CGG and look forward to having him on the executive team,” said Sophie Zurquiyah. “Yuri’s extensive background in corporate […]

  • CGG Names New Boss

    26 March 2018
    Business & Finance, Equipment

    French seismic contractor has appointed Sophie Zurquiyah as the company’s new chief executive officer. This nomination should be effective at the end of the annual general meeting to be held on April 26, 2018, CGG noted. In December last year, it was announced that Jean-Georges Malcor had decided not to pursue his mandate once the […]

  • CGG Seeks Bankruptcy Protection

    15 June 2017
    Business & Finance, Operations & Maintenance

    French seismic contractor CGG said it has begun legal processes to implement a pre-arranged restructuring, with the opening of a Sauvegarde proceeding in France and Chapter 11 and Chapter 15 filings in the U.S. The announcement follows execution of legally binding agreements in support of the terms of the agreement-in-principle with key financial creditors announced on […]

  • CGG sells GeoSoftware business

    30 July 2021
    Business & Finance, Business Developments & Projects

    French seismic firm CGG entered into an agreement with Topicus and Vela Software for the sale of its GeoSoftware business.

  • Technip Moves to Buy CGG

    20 November 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    French oil services provider Technip has announced that, on Monday, November 10, 2014, it approached CGG to create a first tier oil and gas services provider. The proposed transaction would take the form of a public tender offer in cash for CGG’s shares at a price of 8.30 euros per share. This industrial logic involves […]

  • CGG in Ghana seismic partnership

    30 August 2016
    Equipment

    French seismic services provider CGG has teamed up with Ghana’s GNPC Operating Services Company Ltd (GOSCO), to form a joint-venture company dedicated to conducting high-end 2D, 3D and 4D marine seismic acquisition and related services in the territorial waters of the Republic of Ghana. The primary aim of the joint-venture company, known as GOSCO Geoscience […]

  • Wärtsilä Engines for CGS Vessels

    8 December 2009

    China Shipping Container Lines Co., Ltd. (CSCL), part of the China Shipping Group (CSG), has chosen Wärtsilä main engines for eight container vessels. The Wärtsilä engines for this order will be built under licence by Doosan Engine, Korea. Wärtsilä, the marine industry’s leading ship power system integrator, will supply a package of support services for […]

  • VOR: Cox up for the job

    22 April 2006

    Following in Mike Sanderson

  • APL, Maersk and OOCL to Cooperate on Far East to Indian Subcontinent Services

    15 January 2014
    Business & Finance

    APL, Maersk and OOCL yesterday announced a new cooperation on three existing Far East to Indian Subcontinent services, starting in February 2014. In a Slot Sharing Agreement that also includes partners CMA CGM, Emirates Shipping Line, Hamburg Süd and Regional Container Lines, 18 vessels with a total capacity of about 17,500 TEU will be deployed […]

  • CGG Books $124M Loss

    13 November 2017
    Business & Finance, Equipment

    French seismic contractor CGG has reported net loss of $124 million for the quarter ended September 30, 2017, against net loss of $88 million same time last year. For the third quarter 2017, the company generated $320 million in revenue and EBITDA of $90 million, against revenue of $264 million and EBITDA of $97 million […]

  • Moody’s Upgrades CMA CGM

    15 May 2015
    Business & Finance

    Moody’s Investors Service has upgraded to B1 from B2 the corporate family rating (CFR) of French container shipping company CMA CGM. At the same time, Moody’s has upgraded to B1-PD from B2-PD its probability of default rating (PDR) and to B3 from Caa1 its senior unsecured rating. The outlook on all the ratings is stable. […]

  • Wärtsilä targets up to 75% methane slip cut with new dual-fuel engine solution

    10 April 2025
    Business Developments & Projects, Green Marine, Technology

    Finnish technology firm Wärtsilä has introduced a new solution for its Wärtsilä 50DF dual-fuel engine that reduces methane slip by up to 75%.

  • CMA CGM takes delivery of 13K TEU LNG dual-fuel CMA CGM Belem

    1 July 2024
    Vessels

    French shipping major CMA CGM has taken delivery of new 13,000 TEU liquefied natural gas (LNG) dual-fuel containership CMA CGM Belem.

  • CMA CGM plans to pour $20 billion into US maritime sector in next four years

    7 March 2025
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics

    French shipping and logistics major CMA CGM has decided to invest $20 billion over the next four years to strengthen the U.S. maritime transport and logistics, boosting the maritime economy and fostering shipbuilding capabilities.

  • CMA CGM unveils inaugural 13,000 TEU methanol dual-fuel boxship in Singapore

    5 March 2025
    Vessels

    The 13,000 TEU containership CMA CGM Iron, French shipping colossal CMA CGM’s ‘first ever’ methanol-powered dual-fuel newbuilding, has been delivered. As disclosed, CMA CGM Iron made its maiden call at the Port of Singapore on March 4, 2025. The Malta-flagged vessel features a length of 335 meters and a beam of 51 meters. Constructed by […]

  • CGG boss joins TechnipFMC board

    2 March 2021
    Business & Finance, Human Capital

    UK-based subsea major TechnipFMC has appointed Sophie Zurquiyah, chief executive officer of French-based geophysical services company CGG, to its board of directors and audit committee. The appointment will become effective 1 April 2021. Zurquiyah, 54, has served as CEO at CGG since 2018. She joined CGG in 2013 and has held a succession of leadership […]

  • CMA CGM resumes calls to Beirut

    14 August 2020
    Business Developments & Projects, Operations & Maintenance

    As the operational situation in the Port of Beirut is now back to normal again, French shipping major CMA CGM has resumed calls to this port.

  • CGG Wraps Up Perdido Shoot

    26 September 2017
    Business & Finance, Equipment, Operations & Maintenance

    CGG has completed a 11,500 sq km wide-azimuth (WAZ) survey on behalf of Pemex in the deepwater Perdido area. This new survey has been acquired perpendicularly to existing WAZ data and the combined imaging of this first large-scale orthogonal WAZ data set is expected to provide significantly enhanced subsalt imaging results. A fast-track TTI RTM […]

  • CGG Amends ‘Oceanic Champion’ Deal

    14 March 2017

    French seismic survey specialist CGG has entered into an agreement with its Norwegian subsidiary Exploration Investment Resources II to reduce the cash cost of the charter agreement for the ‘Oceanic Champion’ vessel. The Oceanic Champion is an active seismic vessel, and the reduction rate will be completed in exchange for agreed settlement amount, CGG said. […]

  • CGG Secures PTTEP Contract Extension

    20 June 2017
    Project & Tenders

    CGG has secured a renewal of a contract from PTT Exploration & Production (PTTEP) for the dedicated processing center (DPC) CGG has been operating in Bangkok since November 2013. The new contract will run for a further three years, from March 01, 2017 to February 28, 2020. CGG will continue to support PTTEP by delivering high-quality […]

  • Technip Breaks Off CGG Chase

    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, […]