3678 results found for 'cgx'

3678 results found for 'cgx'
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  • CGG Gets Santos Basin OBN Processing Contract

    20 July 2017
    Business & Finance, Equipment, Operations & Maintenance

    CGG has been awarded a contract by Petrobras to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a full-fold area of 2180 km² in Brazil’s deepwater Santos Basin. This will be the largest node survey ever acquired and processed in the industry. The survey will be acquired by Seabed Geosolutions, […]

  • CGG: Banda Arc Seismic Data Ready for Delivery

    23 September 2015
    Operations & Maintenance

    CGG announced that all four phases of its BandaSeis 2D BroadSeis multi-client program targeting the Banda Arc around East Indonesia and Timor Leste have now been fully processed and are ready for delivery. The regional program, totaling more than 14,000 km of broadband seismic data, was acquired in co-operation with the Indonesian Directorate General of […]

  • CGG seeks stakeholder support amid financial restructuring

    12 May 2017
    Business & Finance

    French geophysical services company CGG is seeking stakeholder support for its financial restructuring proposal as it continues to negotiate the terms.  On March 3, 2017, CGG entered into a financial restructuring process involving the full conversion of its unsecured debt into equity and the extension of the maturities of its secured debt with the aim of […]

  • CGG Days from Buying Fugro’s Geoscience Branch

    28 January 2013

    CGG, a seismic data acquisition & processing company based in France, announced today that the main agreements needed to close the acquisition of Fugro’s Geoscience Division have been signed. The effective date of the closing will be January 31st, 2013, with the exception of the airborne activity and certain minor assets which will be contributed […]

  • CMA CGM Gets EU Approval for Containerships Takeover

    24 October 2018
    Business & Finance

    CMA CGM received a green light from the European Commission to acquire Finland’s Containerships.

  • Report: SGX Working on Formal Offer for Baltic Exchange

    3 August 2016
    Business & Finance

    The Singapore Exchange (SGX) is preparing a formal offer to purchase London’s Baltic Exchange, after the parties entered exclusive talks on the acquisition in May, Reuters cited sources close to the matter. The sources added that both parties reached key milestones related to the acquisition. Following discussion with a number of interested bidders, which included CME Group […]

  • CMA CGM Confirms Order for 22,000 TEU Giants

    15 September 2017
    Business & Finance

    French container shipping major CMA CGM has confirmed the order for nine 22,000 TEU containerships while releasing results for the second quarter of 2017. “In order to keep pace with market growth and the group’s needs, the Board of Directors of CMA CGM has approved the order for 9 container ships of 22,000 twenty-foot equivalent […]

  • CGG, LDA Form Ship Management Joint Venture

    16 April 2013
    Business & Finance

    CGG and Louis Dreyfus Armateurs Group (LDA) announced today the creation of a ship management joint venture, GeofieLD Ship Management Services. Co-owned 50 % by CGG and 50 % by Louis Dreyfus Armateurs Group, the new joint venture will provide maritime ship management services for five of CGG’s high-capacity 3D seismic vessels. This equal ownership […]

  • CMA CGM Ship Catches Fire off Spain

    28 March 2017
    Business & Finance

    The 9,415 TEU containership CMA CGM Fidelio caught fire while it was sailing off the coast of Ibiza, Spain on March 24, a representative of the vessel’s owner, the French shipping giant CMA CGM, confirmed. The fire, which started in the back of the ship at 4 am, was soon extinguished and CMA CGM Fidelio continued its […]

  • CMA CGM’s Execs Take Top Positions at NOL

    14 June 2016
    Business & Finance

    Executives from the French container shipping giant CMA CGM have been elected to take the top positions at Neptune Orient Lines (NOL), after CMA CGM acquired the controlling stake in the company. Namely, NOL’s Board of Directors, chaired by Rodolphe Saadé, named Nicolas Sartini as NOL Chief Executive Officer and Serge Corbel as NOL Chief Financial Officer. The two also […]

  • Beirut Court Rules in Favor of CMA CGM Chief

    17 December 2014
    Business & Finance

    Legal dispute between Johnny Saadé, brother of founder and chairman of French liner giant CMA CGM,  Jacques Saadé, for a stake in the company, has taken another turn. Namely, a Beirut court has thrown out a claim by Johnny Saadé upholding the appeal by CMA CGM Chief against the decision made earlier this month to freeze his company’s […]

  • CGG, LDA Enter Ship Management JV (France)

    16 April 2013
    Business & Finance

    CGG and Louis Dreyfus Armateurs Group (LDA) announced today the creation of a ship management joint venture, GeofieLD Ship Management Services. Co-owned 50% by CGG and 50% by Louis Dreyfus Armateurs Group, the new joint venture will provide maritime ship management services for five of CGG’s high-capacity 3D seismic vessels. This equal ownership reflects the […]

  • CGG Delivers 4D Imaging Data for BP Angola

    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 […]

  • Jamaica: CMA CGM Invests USD100 Million in KCT

    8 August 2011

    French shipping group CMA CGM will invest US$100 million (J$8.6 billion) and employ 1,000 in exchange for a 35-year lease to set up a… (jamaica-gleaner) [mappress] Source: jamaica-gleaner, August 8, 2011

  • CGG GeoConsulting to supply digital well products to OGA

    1 June 2017
    Business & Finance

    CGG GeoConsulting has been awarded a contract to supply digital well products to the Oil & Gas Authority (OGA), the UK government oil and gas industry regulator. The awarded contract is part of a wider tender for comprehensive subsurface databases and information sources to encourage further exploration in underexplored areas of the UK Continental Shelf […]

  • Diamond Offshore: OGX Owes Us $36 Million

    23 September 2013

    Diamond Offshore Drilling Inc, a Houston based drilling contractor, is having difficulties with collecting cash from Brazilian oil company OGX. According to a drilling report issued by Diamond Offshore last week, the company has informed OGX that it is “delinquent in its payment obligations under the Ocean Quest contract and unless cured, we will have the […]

  • CGG to Conduct Seismic Survey Offshore W. Africa

    1 October 2013

    CGG announced today that it has received a Letter of Award for a large high-end seismic acquisition program offshore West Africa. The survey will mobilize the Geo Coral, Geo Barents and Pacific Finder vessels to conduct a 1,484 km2 BroadSeis wide-azimuth survey. The program is scheduled to start in mid-October and last for nine months. […]

  • OGX July Production at 13.7 Thousand Boepd (Brazil)

    9 August 2013
    Business & Finance

    OGX Petróleo e Gás Participações S.A. (“OGX”), announces that its average oil and natural gas production for July 2013 reached 13.7 thousand barrels of oil equivalent per day (boepd). Of this amount, 0.9 thousand boepd corresponds to the offshore average production at Tubarão Azul Field, in the Campos Basin, and 12.8 thousand boepd (2.0 million […]

  • CMA CGM Selects Wärtsilä’s BWMS for New Boxships

    30 January 2017
    Business & Finance

    French shipping major CMA CGM has selected Wärtsilä Ballast Water Management Systems (BWMS) for its four new 3,300 TEU container vessels currently under construction. The BWMS system chosen for these vessels is a 500m3 per hour capacity Wärtsilä Aquarius UV system. It uses a simple two-stage process involving filtration and ultra-violet (UV) irradiation. The containerships are being […]

  • France: CMA CGM Finalizes Its Financial Restructuring

    12 February 2013
    Business & Finance

    CMA CGM announced that it has now finalized its major financial restructuring launched less than a year ago: – Closing of the agreement with its Banks regarding its debt restructuring. This agreement provides for a new covenant package taking into account the industry’s volatility and a partial refinancing of a credit line maturing in 2013 […]

  • CMA CGM Reshuffles North Europe-SAWC Links

    7 November 2016
    Business & Finance

    French container shipping company CMA CGM has launched EUROSAL XL, a new service connecting the West Coast of South America and Northern Europe. The group said that the service is a result of the fusion of CMA CGM’s services EUROSAL1 and EUROSAL2. CMA CGM said it will deploy 9,000 TEUs vessels on the route, which […]

  • CGG: Broadband Brings New Life to North Sea

    19 June 2014
    Business & Finance, Research & Development

    The Central North Sea (CNS) is a mature basin, yet still rich in opportunities for the discovery and development of new fields. Although this seems somewhat contradictory, targets continue to be elusive as the area is notoriously difficult for seismic imaging, especially the deep High-Pressure High-Temperature (HPHT) part of the Central Graben. CGG has been […]

  • CGG to Conduct Largest OBN Survey in UK CNS

    19 November 2019
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    CGG has taken on a new project to deliver the largest OBN multi-client survey ever conducted in the UK Central North Sea (CNS). Planned to start in early 2020, the survey is being prefunded in part by BP. In the first phase of this multi-year program, CGG aims to acquire over 2,000 sq. km of […]

  • CGG Bags Seismic Acquisition Deal Off Mozambique

    13 October 2016
    Operations & Maintenance, Project & Tenders

    CGG has been awarded a multi-client program by the Instituto Nacional de Petroleo (INP) to acquire seismic data offshore Mozambique. The program includes a 2D survey of over 6,550 km in the offshore Rovuma basin, including blocks R5-A, R5-B and R5-C, and a large 3D survey over the Beira High in the Zambezi Delta. The […]

  • CGG Deploys Sercel SeaPro Nav in Gulf of Mexico

    9 December 2014
    Equipment, Operations & Maintenance

    Sercel announces that its SeaPro Nav Integrated Navigation System has been successfully deployed on a major multi-vessel survey. SeaPro Nav is being deployed on a major wide-azimuth (WAZ) survey conducted by CGG in the Gulf of Mexico. The navigation system was previously used as the master navigation system on the IBALT Trois survey, the third phase […]