3671 results found for 'cgx'

3671 results found for 'cgx'
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  • CGG Lays Off 930 and Reduces Fleet to 5 Vessels

    5 November 2015
    Business & Finance, Operations & Maintenance

    French seismic contractor, CGG, will be reducing its global workforce by additional 930 positions, as part of its transformation plan, the company said today during third-quarter earnings presentation. Furthermore, in the third quarter 2015, as a result of deterioration of market conditions and the reduction in its fleet, CGG booked assets impairment & write-off and non-recurring […]

  • Cox-Energy XXI merger to go through in early October

    10 September 2018

    Energy XXI Gulf Coast (EGC) has entered into an amendment to the agreement and plan of merger with Cox Oil LLC.

  • CMA CGM Marco Polo Tied Up at Bremerhaven (Germany)

    14 December 2012
    Business & Finance

    The biggest container ship in the world has docked in Bremerhaven. Precisely one week after leaving port in Tangier, Morocco, the “CMA CGM Marco Polo” tied up at another container terminal operated by the EUROGATE Group, this time MSC Gate Bremerhaven. The “CMA CGM Marco Polo” is on her maiden voyage from Ningbo (China), where […]

  • CGG delivers reprocessed Gulf of Mexico seismic data to CNH

    8 June 2017
    Project & Tenders

    French geophysical services company CGG has delivered the final products from its Encontrado multi-client reprocessing project across the Gulf of Mexico’s prolific Perdido fold belt. CGG said on Thursday that the reprocessed data was delivered on schedule to the Comision Nacional de Hidrocarburos (CNH) and the industry. The company added that the final reverse time […]

  • OGX Declares Its Campos, Santos Basin Assets Commercial

    14 March 2013
    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,  has submitted to the National Petroleum, Natural Gas and Biofuels Agency (ANP) declarations of commerciality for the Pipeline, Fuji and Illimani accumulations in the Campos Basin, as well as Discovery Evaluation Plans (PAD) for […]

  • CMA CGM Pulls Out of Iran due to U.S. Sanctions

    9 July 2018
    Business & Finance

    CMA CGM is exiting Iran after the Trump administration imposed sanctions on companies operating in the country.

  • Infographic: CMA CGM Cuts Its Carbon Footprint by 50Pct

    25 November 2015
    Business & Finance

    French liner giant CMA CGM said that it has achieved a 50% improvement in its CO2 performance for its owned fleet. “Thanks to an efficient environmental policy sustained by deploying innovative solutions, this success was accomplished in 10 years,” the company added. Today, a container emits approximately 60 grams of CO2 per kilometer, compared to 120 grams […]

  • CMA CGM Enhances East Med-North Europe Service

    14 February 2017
    Business & Finance

    French container shipping company CMA CGM plans to upgrade NC Levant, a service connecting the Eastern Mediterranean Sea and Northern Europe via Malta, Spain and Italy, starting from February 23, 2017. The enhanced service will be operated in partnership with two container shipping firms, Hamburg Süd and Seago, with one 6,500 TEU vessel and four 5,900 TEU […]

  • CMA CGM Unaffected by Strikes in Spain, Further Congestion Expected

    9 June 2017
    Business & Finance

    The productivity at Spanish terminals where CMA CGM vessels are operated is normal, the French liner company said commenting on the impact of the latest strikes of Spanish stevedoring unions. The unions launched a nation-wide strike on Monday impacting operations across the country’s 39 cargo ports. The workers are demanding that companies keep their employees and maintain […]

  • Following Seas Reap Strong Q1 Results for CMA CGM

    27 May 2014
    Business & Finance

    The first quarter of 2014 for France’s CMA CGM, the world’s third largest container shipping company, was marked by following seas, as the results were strong, in line with expectations. The shipping volumes were up 5.8% and the operating performance proved to be resilient (4.7% of revenues) thanks to cost control which counter-balances lower freight […]

  • CGG Provides Third Quarter 2013 Vessel Utilization Update

    10 October 2013
    Business & Finance

    CGG provides its vessel utilization and its fleet allocation updates for the third quarter of 2013. Vessel utilization for the third quarter of 2013: – The vessel availability rate was 89% in line with the Company’s expectations as a consequence of a higher level of planned maintenance this quarter. This compares to a 93% availability […]

  • CGG’s Revenue 24 Pct Up in Second Quarter 2013

    2 August 2013
    Business & Finance, Operations & Maintenance

    CGG announced its non-audited second quarter 2013 consolidated results. All comparisons are made on a year-onyear basis with CGG 2012 results before the Fugro Geoscience acquisition. – Very strong quarter with Revenue up 24% and an EBIT at $117 million corresponding to an EBIT at $128 million not-including a $11 million* negative non-recurring impact – […]

  • CGG Provides Vessel Utilization Update for Second Quarter 2013

    10 July 2013
    Business & Finance

    CGG provides its vessel utilization and its fleet allocation for the second quarter of 2013. Vessel utilization for the second quarter 2013: – The vessel availability rate was 93%. This compares to a 91% availability rate in the second quarter of 2012 and a 88% rate in the first quarter of 2013. – The vessel […]

  • CGG Begins Halten Terrace 3D Survey Off Norway

    3 April 2013
    Business & Finance, Operations & Maintenance

    CGG announced today that it has started acquiring Phase 1, known as Halten Terrace, of its Steppingstone BroadSeisTM 3D multi-client survey program offshore Norway. This is the first time CGG has acquired a 3D multi-client survey in the Norwegian North Sea using its proven broadband marine solution and the project has received high prefunding from […]

  • CGG’s Jason Introduces New 3D Seismic Interpretation Software

    20 May 2013
    Business & Finance, Equipment, Operations & Maintenance

    CGG announced that Jason, a CGG company specializing in seismic reservoir characterization software and services, has added a powerful new product, 3D Interpretation, to its reservoir characterization software suite. The new software helps asset appraisal and development teams achieve a more thorough and complete picture of their subsurface reservoirs. Reduced Cycle Time The 3D Interpretation […]

  • CGG Completes Depth Imaging of 1700 km2 of Marine Data

    2 June 2015
    Business & Finance

    CGG has completed the fast-track results for a 1,748-square-kilometer BroadSeis 3D marine acquisition and depth imaging project for the international oil company. Just 9 days after the last shotpoint, CGG delivered pre-stack depth migration (PSDM) volumes using Kirchhoff and Reverse Time Migration (RTM), the company informed. The fast-track BroadSeis volume was processed through deghosting, 3D […]

  • GCX Plans New Subsea Cable to Link Mumbai and Singapore

    20 June 2014
    Business & Finance, Equipment, Operations & Maintenance

    Global Cloud Xchange (GCX) announced its latest investment into the Asia Pacific region.  The new ICX cable infrastructure is part of the company’s strategy to provide a direct subsea route to bridge an important gap in the emerging markets corridor, specifically delivering a direct Mumbai-Singapore route to bypass current outage prone terrestrial routes between Mumbai […]

  • CGG, Sovcomflot Form Arctic 3D Seismic Joint Venture

    19 June 2014
    Business & Finance, Operations & Maintenance, Research & Development

    CGG, world leader in Geoscience, and Sovcomflot, Russia’s largest energy shipping company, announced that they have signed an agreement to form a joint venture company dedicated to conducting high-end 3D marine seismic acquisition services with a focus on Arctic and sub-Arctic waters. The joint venture, to be called Arctic Geophysical Exploration (AGE), will be 51 […]

  • CGG to carry out Colombia’s largest ever seismic survey

    19 March 2015

    CGG announced today that it has been awarded a contract by a subsidiary of Anadarko Petroleum Corporation to acquire and process a 16,314-km2 3D seismic survey on the Caribbean coast offshore Colombia. The survey will be the largest marine seismic program ever acquired in Colombia and follows CGG’s successful completion of Anadarko’s 5,500-km2 3D Fuerte […]

  • Brazil: OSX Receives Order for Two WHPs from OGX

    19 April 2012
    Business & Finance

    Brazil-based OSX, a company that provides equipment and services for the offshore oil and gas industry, received an order from its anchor client OGX Petróleo e Gás for construction and charter of two new Wellhead Platforms, WHP-3 and WHP-4, pursuant to the Strategic Cooperation Agreement entered into by the companies. The two new units will […]

  • OGX Gets Clearance to Develop Campos Basin Oil Fields

    12 August 2013

    OGX Petróleo e Gás Participações S.A., an oil and gas company owned by Eike Batista, who recently lost his billionaire status, announced today that it has received the Installation License to start the activities related to the development of oil production in BM-C-39 and BM-C-40 blocks, in the Campos Basin, offshore Brazil. The Installation License […]

  • Spectum, CGG Launch Joint Seismic Survey Offshore Brazil

    17 December 2013

    Spectrum and CGG announced today that they are jointly launching a large, high-end BroadSeis(TM) 3D multi-client survey program offshore Brazil that will focus on a large proportion of open acreage in the very promising Foz do Amazonas Basin. The two companies are working as equal partners on this project which has received high prefunding from a number of […]

  • SPDB Financial Leasing Acquires Two CMA CGM Vessels

    19 November 2019
    Business & Finance

    SPDB Financial Leasing signs an agreement for the lease of two 11,380 TEU CMA CGM boxships. 

  • Bureau Veritas to Class CMA CGM’s LNG Fuelled Mammoths

    8 November 2017
    Business & Finance

    France-based classification society Bureau Veritas (BV) has been awarded the responsibility for classification of CMA CGM’s new 22,000 TEU containerships. The classification society informed that the decision for the nine ships to be fuelled by liquefied natural gas (LNG) has been carefully considered and Bureau Veritas has been closely involved in feasibility studies, working with the owner, […]

  • CMA CGM Boxship Grounded due to Improper Pilotage Plan

    26 October 2017
    Business & Finance

    The 18,000 TEU containership CMA CGM Vasco De Gama ran aground in August 2016 as it was too far north of the intended track when it started turning into the Thorn Channel near the Port of Southampton. The 399-meter-long ship grounded on the western side of the channel in the early morning hours of August 22 with […]