Fugro Completes Divestment of Seabed Geosolutions
Today, Fugro has completed the previously announced divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO Seismic Services Limited (PXGEO), for USD 16 million (approximately EUR 14 million) in cash. PXGEO has acquired Seabed’s ocean bottom node (OBN) inventory, handling equipment, related technology …
CGG Exits from Seabed Data Acquisition Business
CGG announced today that it is completing its exit from the seabed data acquisition business and has terminated the Seabed Geosolutions’ joint venture agreement effective December 31, 2019. In line with its strategy to exit the data acquisition business, CGG has agreed to transfer its 40% shareholding in Seabed Geosolutions …
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 …