3673 results found for 'cgx'

3673 results found for 'cgx'
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  • 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

  • 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 […]

  • 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 […]

  • Gardline CGG selected for seismic survey in Gippsland (Australia)

    18 March 2015
    Business & Finance

    The Duke, owned and operated by Gardline CGG Pte Ltd, has been selected by Geoscience Australia to acquire the Gippsland 2D Infill marine seismic survey offshore Victoria (Australia). According to Gardline CGG, preparation for the project is underway and the expected start date is on April 6, 2015. The Gippsland 2D Infill survey is part […]

  • 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. […]

  • 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, 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 […]

  • Six Seafarers on CMA CGM Ship Reported Ill

    29 January 2020
    Business & Finance

    Six crewmembers onboard a CMA CGM ship have been reported ill, with the possibility of coronavirus infection.

  • 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 Linked to 6 Boxships Order at HHI

    10 June 2015
    Business & Finance

    French liner giant CMA CGM is reported to have ordered six 14,000 TEU boxships at Korean shipbuilding conglomerate Hyundai Heavy Industries. Under the deal, the ships would be built at HHI’s Ulsan yard. The expected delivery of the ships is slated for early 2017. The deal was confirmed to Lloyd’s List by the company’s spokesperson. […]

  • Moody’s Downgrades CMA CGM due to Weakened Liquidity

    26 September 2019
    Business & Finance

    CMA CGM’s liquidity profile weakened in the last 12 months as a consequence of the CEVA Logistics acquisition.

  • Mexican Navy Intercepts Cocaine on CMA CGM Boxship

    23 September 2019

    The drugs were seized at the Port of Lázaro Cárdenas.

  • CMA CGM Pledges Not to Use the Northern Sea Route

    26 August 2019
    Business & Finance

    Saadé said that none of CMA CGM’s 500 vessels will use the Northern Sea Route along Siberia.

  • 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.

  • 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 […]

  • 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 […]

  • 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 kicks off Gulf of Thailand survey for KrisEnergy

    19 July 2016

    Oil and gas company KrisEnergy has announced that the survey vessel CGG Amadeus has started an 884 sq. km 3D seismic acquisition program in the G10/48 contract area in the Gulf of Thailand. KrisEnergy said that the program, which was awarded to CGG Services, is estimated to last 41 days. The seismic program will be carried […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 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 […]

  • CMA CGM Danube Ready to Hit High Seas

    27 June 2014
    Business & Finance

    The maiden voyage of the CMA CGM Danube will begin on June 30, 2014 in China, CMA CGM Group announced. The 9,400 TEU ship is the first of a series of 28 ships from 9,400 to 10,900 TEU which will be delivered from now to the third quarter of 2016. Sailing under the Malta’s flag […]

  • 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 […]