3678 results found for 'cgx'

3678 results found for 'cgx'
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  • 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 […]

  • VOR: Cox up for the job

    22 April 2006

    Following in Mike Sanderson

  • 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 […]

  • 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. […]

  • CGG Wins Diskos Contract

    15 November 2013

    The Norwegian Petroleum Directorate (NPD) and the oil companies in the Diskos group have awarded contracts for software and operation of the Diskos databases to CGG. The contracts apply for the period 2015 to 2020. The contract award is a result of a comprehensive public procurement process, in which companies from the entire EEA were invited […]

  • France’s CGG files for bankruptcy

    15 June 2017
    Business & Finance

    French geophysical services company CGG has filed for bankruptcy as part of financial restructuring process to reduce its $3 billion debt.  The company informed on Wednesday that, following execution of legally binding agreements in support of the terms of the agreement-in-principle with key financial creditors announced on June 2, 2017, it had started legal processes to […]

  • CGG Initiates Rights Offering

    13 January 2016
    Business & Finance

    French seismic player, CGG, has launched a €350-million rights offering to existing shareholders as part of its plan lined up to transform from a seismic acquisition company into an integrated geosciences group. This capital increase is the next step in CGG’s transformation plan in order to adjust to new market conditions following the fleet reduction […]

  • CMA CGM Gets EPIC

    19 July 2016
    Business & Finance

    French container shipping company CMA CGM plans to launch two new weekly services, EPIC 1 and EPIC 2, between the Arab Gulf, Pakistan, North West India and North Europe, in addition to the existing Epic service on this route. EPIC 1 will offer a direct connection between North Europe, Pakistan and North West India. In […]

  • CGG returns to profit in 2Q

    2 August 2018
    Business & Finance

    CGG returned to profit in the second quarter of the year as its revenues fell by 3 percent.

  • CMA CGM to Acquire Containerships

    20 June 2018
    Business & Finance

    CMA CGM has decided to acquire Containerships, a Finland-based shortsea specialist.

  • CMA CGM Merges Subsidiaries

    30 November 2017
    Business & Finance

    French CMA CGM Group will merge its two subsidiaries MacAndrews and OPDR, specializiang in short sea transportation, effective January 1, 2018, the company said. Following the move, the merged company will be headquartered in Hamburg and will have 595 employees, as employment in each entity will be maintained. In addition, MacAndrews will have a presence in 16 countries through 36 agencies. […]

  • CGG Sees Revenues Slide

    6 May 2015
    Business & Finance, Operations & Maintenance

    French seismic contractor, CGG, has booked a drop in revenues for the quarter, ended March 31 2015, due to the impact of the fleet reduction and to deteriorating market conditions. In the first quarter 2015, CGG generated revenues of $570 million, down 29 per cent compared to Q1 2014 and down 37 per cent quarter-to-quarter. Jean-Georges […]

  • 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.

  • France: CGG Reports Increase in Revenue

    27 February 2014
    Business & Finance

    CGG, a world leader in Geoscience announced its non-audited 2013 fourth quarter and full-year consolidated results with revenue up 2%, at $955 million. The Company reported EBIT at $73 million before non-recurring items with EBIT margin at 7.6% and the Net income of $17 million after NRFI and before impairment & write-off. CGG CEO, Jean-Georges […]

  • CMA CGM Reinforces Presence in Cameroon

    20 February 2015
    Business & Finance

    The CMA CGM inaugurated its new logistics platform, the Cameroon Container Terminal (3CTC Terminal), on February 19th, 2015. The 2-hectar 3CTC platform, located between Douala and the port, has been operational since January 7th, 2015, and its concession attributed for 25 years. The new platform offers full and/or empty containers storage in a 2 hectares secured area and […]

  • CMA CGM to Start Calling at Iran

    23 July 2015
    Business & Finance

    French shipping company CMA CGM is about to start calling at southern Iranian port of Shahid Rajaei as of next month. The announcement was made by Ebrahim Idani, director general of Hormozgan Ports and Maritime Department, Iran’s Tasnim news agency reports. According to Idani, the first CMA CGM ship scheduled to berth at Shahid Rajaei […]

  • CGG Donates Software to TU Delft

    27 March 2018
    Equipment

    CGG GeoSoftware has donated its Jason and HampsonRussell seismic reservoir characterization software suites to Delft University of Technology (TU Delft) in the Netherlands. The donation of a full HampsonRussell suite and the renewal of an enhanced Jason package will enable students at the Department of Geoscience & Engineering to expand their theoretical and practical knowledge […]

  • CGG Swings to Profit After Restructuring

    17 May 2018
    Business & Finance, Equipment, Operations & Maintenance

    French geoscience expert CGG has reported net profit of $647 million for the quarter ended March 31, 2017, against net loss of $145 million same time last year. For the first quarter 2018, the company generated $246 million in revenue and operating income of negatine $67 million, against revenue of $249 million and operating income […]

  • Dolphin’s world record questioned by CGG

    2 April 2015
    Equipment

    French seismic data acquisition specialist CGG has questioned a reported world record by its Norwegian rival Dolphin Geophysical.   To remind, Dolphin Geophysical recently reported it had mobilised “the ‘world’s largest floating object’ by deploying a seismic spread of 12 streamers, 7,050 meters in length with 150 meters streamer separation, off the coast of Myanmar for Ophir Energy […]

  • CMA CGM, Seatrade to Restructure VSA

    28 November 2017
    Business & Finance

    French container shipping giant CMA CGM Group and specialised reefer transporter Seatrade Group have decided to restructure the vessel sharing agreement (VSA) reached earlier this year. Under the VSA, unveiled in July 2017, the companies intended to link Northern Europe, the East Coast of the United States, Central America, the Pacific Islands, Australia, New Zealand, Peru and […]

  • CMA CGM Adds Iskedrun Call

    16 June 2015
    Business & Finance

    French container line CMA CGM is adding a call to the South Turkish port of Iskenderun to its Bosphorus Express Line (BEX), starting June 16. CMA CGM says that this is the only service on the market joining Asia to Iskenderun. By adding a call at Iskenderun, the south part of Turkey will now be called directly and each […]

  • Brazil: OGX Obtains Qualification of Operator A

    24 October 2012
    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 that it has obtained from the National Petroleum, Natural Gas and Biofuels Agency – ANP, the qualification of operator A, therefore being able at this time to operate blocks located in deepwater, […]

  • CMA CGM Severs Ties with Hanjin

    1 September 2016
    Business & Finance

    French shipping major CMA CGM has sent a notice of termination to South Korea’s Hanjin Shipping related to each of the company’s services with immediate effect. CMA CGM also said that Hanjin containers, which are already onboard on CMA CGM vessels, would be discharged to the final destination and that the company would no longer loads its containers […]