Fugro: 2015 Results – Strong cash flow and debt reduction
Highlights full year EUR 314.7 million cash flow from operating activities after investments driven by improved EBIT margin, curtailed investments, lower working capital, sale of multi-client data library, and sale and lease back of a vessel. EBIT margin (before exceptional items) increased from 3.2% to 4.8% due to strong improvement …
Fugro: Brice Bouffard Elected to the Board
Brice Bouffard (45) most recently worked at Weatherford, a large US based multinational oilfield services company, where he held positions first as Global Vice President Petroleum Consulting and later as Global Vice President Wireline and Testing, a large business with activities in more than 50 countries. Prior to Weatherford, he …
Fugro: Concludes Sale and Lease Back of Two Vessels with ICON Investments
Fugro has entered into a sale and lease back agreement regarding its geotechnical vessels Fugro Scout and Fugro Voyager. The agreement has been established with ICON Investments for an initial lease term of 5 years. The lease back agreement allows for extension options, at the discretion of ICON, for a …
Fugro: To Supply PGS with Global Navigation Satellite Systems to Aid Survey Positioning and Results
PGS is a leading global provider of marine seismic and electromagnetic services, data acquisition, imaging, reservoir services and multi-client library data. Fugro, the world’s leading provider of precise satellite positioning to the offshore oil and gas industry, will supply PGS vessels with a number of completely independent Global Navigation Satellite …
Fugro: Awarded Blue Stream Inspection Contract
Fugro has been awarded a contract by Blue Stream Pipeline Company B.V. for the provision of survey support vessels and associated survey services to perform the 2015 external pipeline inspection for the offshore, shore approach, and dry section components of the Blue Stream Pipeline System. The two 24” gas export …
Fugro: Renames UK Group Of Companies to Fugro GeoServices
Renamed to reflect the depth and diversity of its offering, Fugro GeoServices Ltd employs close to 600 staff and undertakes seven key activities: nearshore geotechnical, offshore geotechnical, marine installation, onshore ground investigation, cone penetration testing, geophysics and instrumentation and monitoring. The company also has geotechnical laboratories and carries out a …
Fugro HY 2015: Improved Results Under Continued Challenging Market Circumstances
Increased margin pressure expected in second half year Leidschendam, The Netherlands 06 Aug 2015 Year-on-year revenue growth of 4.3%; decline of 7.3% on a currency comparable basis EBIT margin (excluding exceptional items) increased to 5.7% from 2.1% in the same period last year, mainly driven by the strong improvement at …
Fugro Divests Multi Client Seismic to Spectrum ASA
Fugro has signed an agreement to divest its multi-client data library to Spectrum ASA, a Norwegian multi-client seismic data specialist supplying the global oil and gas industry with sub-surface imagery on a non-exclusive basis, for a cash consideration of US$ 115 million (approximately EUR 100 million) The multi-client library business …
Boskalis Increases Holding in Fugro to 25.1%
Royal Boskalis Westminster N.V. (Boskalis) has increased its holding in Fugro N.V. to 25.1%. Boskalis stresses that this is not a step towards making an offer. Boskalis views Fugro as an interesting company with strong market positions in its core activities. The strategy of Boskalis is focused on offshore and …
Boskalis: Acquires 14% Stake in Fugro
Royal Boskalis Westminster N.V. (Boskalis) has acquired a 14.8% stake in Fugro N.V. Boskalis views Fugro as an interesting company with activities that fit very well with its own activities. Boskalis wants to enter into a dialogue with Fugro to explore possible options for cooperation. Boskalis stresses that it has …