CGG exits data acquisition with sale of ARGAS
CGG will continue to work in Saudi Arabia, she said, and with TAQA. The company will provide “high-end subsurface imaging and seismic acquisition systems”, Zurquiyah noted.
CGG
Argentina heads to vote as energy industry watches offshore
“As political and policy volatility becomes a feature of the operating landscape, even private companies with a high risk appetite could be facing binding constraints when seeking to invest in Vaca Muerta and offshore plays,” the analyst said.
CGG sets out seismic plan offshore South Africa
CGG aims to carry out the work in the 2023-24 summer window, with seismic taking around four or five months to complete.
BP moves to the front foot in Egypt around gas plans
BP has awarded a new seismic imaging programme to CGG in Egypt. The award comes shortly after the supermajor won more exploration acreage in the country.
Kent and CGG team up for CCS and hydrogen development
Engineering services giant Kent will partner with geoscience technology provider CGG to examine opportunities for carbon capture development and hydrogen production and supply.
Mozambique offers “advantaged barrels” in exploration round
Mozambique’s sixth bid round is under way and potential bidders have until the end of February to pre-qualify.
Shell’s Eastern Cape seismic under fire
Opposition is building against Shell’s plan for a 3D seismic survey of South Africa’s southeast coast.
Company’s survey of central North Sea its biggest project so far
Survey services firm iSurvey Offshore said yesterday it had successfully completed its biggest project to date.
CGG’s Sercel wins Saudi desert seismic work
CGG’s Sercel has won a contract to provide land seismic equipment for harsh environment work in Saudi Arabia.
CGG completes first phase of largest ever seafloor survey in UK Central North Sea
CGG has announced the completion of the first phase of its largest ever seafloor survey in the UK central North Sea (CNS).
Savannah cashes in on Nigerian gas work
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
Fugro sinks deeper into the red
Losses from an arbitration case in Singapore and impairments from a seismic data business saw Dutch marine firm Fugro sink to a heavy set of losses last year.
CGG’s Zambezi data offers a jumpstart to explorers
Data shot by CGG in a 15,400 square km seismic survey offshore Mozambique, in the Zambezi Delta, is now ready for licensing.
Cameroon issues tender for seismic study provider
Cameroon’s state-owned Société Nationale des Hydrocarbures du Cameroun (SNH) has launched a tender for a feasibility study for a 3D seismic shoot, onshore in the Douala/Kribi-Campo Basin.
CGG announces largest subsea survey will take place in UK North Sea
French geoscience firm CGG has announced its largest ever seafloor survey is due to take place in the UK's central North Sea.
Edinburgh scientists receive funding for pioneering hydrogen storage study
Scientists from Edinburgh University have received funding for a £1.4 million research project to investigate the storage of hydrogen in the subsurface.
New seismic study for ‘major international oil firms’ west of Shetland
French seismic survey firm OCG has begun a multi-client study of a large underexplored region west of Shetland.
CGG renews contract to continue running Thailand processing centre
French company CGG has renewed its contract with PTT Exploration and Public Production (PTTEP) Company for the dedicated processing centre (DPC) it has operated in the country since November 2013.
CGG files for bankruptcy
French geophysical services company CGG has started bankruptcy proceedings in France and the US.
France’s CGG gets Shell seismic gig in Brunei
French geoscience firm CGG said today it had inked a contract to process seismic data for Shell in Brunei for six years.
Early cancellation on Norwegian seismic vessel
French geophysical firm CGG has terminated a contract for Eidesvik's Viking Vision seismic vessel early.
Tech Tuesday: CGG gearing up for launch of new subsea survey method
French geophysics firm CGG is getting ready to introduce its new approach to subsea mapping after two years of development work.
Seismic player CGG launches $379million capital bid
Seismic company CGG said it plans to launch a $379million capital increase in a bid to finance its transformation plan following the decline in oil price. The French firm plans to make the move, which would help support an on-going reorganisation process.
Technip abandons plan to take over seismic surveyor CGG
Technip SA (TEC), Europe’s biggest oil-services company, said it plans to expand in upstream businesses even after a bid to buy French seismic surveyor CGG SA (CGG) failed on price and industrial considerations. “We have turned a page on this subject,” Technip Chief Executive Officer Thierry Pilenko said. The company said in a statement on Sunday evening that it doesn’t intend to make an offer for CGG. CGG slumped 33% at 9:37 a.m. in Paris trading, while Technip climbed 8%.
Seismic specialist rebuffs £1.2bn bid from Technip
Struggling seismic surveyor CGG has knocked back a £1.2billion takeover bid from French energy services giant Technip amid a nosedive in oil prices that has sparked a sector-wide consolidation drive. Technip, which has about 1,400 staff at its Aberdeenshire headquarters in Westhill, made the approach earlier this month. Commenting yesterday on its decision to rebuff the offer, CGG said that "the conditions to pursue were not met."