CGG: 2014-2016 Transformation Plan – Intensified, accelerated and implemented in 2014
Resilient second quarter operating income in weak market conditions CGG a world leader in Geoscience announced today its non-audited 2014 second quarter results 2014-2016 Transformation Plan intensified and accelerated. Restructuring measures implemented in 2014: o Marine fleet reduced to 13 seismic vessels by end 2014. 1 vessel already decommissioned, 1 vessel …
CGG and Sovcomflot Announce Arctic 3D Seismic Joint Venture – Arctic Geophysical Exploration
CGG, world leader in Geoscience, and Sovcomflot, Russia’s largest energy shipping company,announced today 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 …
CGG to Implement a New Strategic Phase
During its Capital Market Day hosted today in Paris for investors and analysts, CGG presented the latest phase in its strategic roadmap which will be fully implemented by the end of 2016. Rebalance its portfolio of activities and Improve profitability and cash generation 2013 EBIT revised down to $400m-$420m Award …
CGGVeritas Second Quarter 2012 Results
CGGVeritas announced today its non-audited second quarter 2012 consolidated1 results. All comparisons are made on a year-on-year basis unless stated otherwise. Revenue at $831 million, up 11% Strong increase in Operating Income at $85 million, a 10% margin Services return to profitability Positive Outlook for 2012 confirmed Second Quarter 2012 …