Fugro today reported a first quarter revenue drop, which it said was “fully driven” by Covid and a “strong” related decline in oil and gas activities.
Fugro has struck a deal to sell “certain assets and the related business” of its Seabed Geosolutions subsidiary for $16 million to PXGEO Seismic Services.
Losses widened at Dutch geo-data services firm Fugro last year due to the impact of the Covid-19 pandemic and the oil and gas industry downturn.
Fugro has clinched a contract with Malaysian oil firm Petronas for positioning services for an exploration programme in the Guyana-Suriname Basin.
Fugro has become the latest company to try and gain a foothold in Japan’s “burgeoning” offshore wind industry.
A new group has been set up to make sure Scotland’s energy supply chain companies benefit from new floating offshore wind projects in Scotland and the UK.
Fugro is aiming to save nearly £110m (EUR120m) per year thanks to a 10% reduction in its workforce and other measures.
Fugro has begun the geophysical survey phase for a major offshore wind project as part of a £55 million site investigation contract.
Dutch services firm Fugro has begun a four-month marine site characterisation campaign at two major North Sea wind development sites.
Neptune Energy has awarded a subsea inspection contract, understood to be worth around £2million, to Fugro at its Cygnus gas field.
Dutch geo-data services firm Fugro said this morning that it would reduce its headcount by up to 10% in response to the “deterioration in market circumstances”.
Dutch multinational Fugro has announced a deal to provide remotely operated vehicle (ROV) services to an offshore well decommissioning firm.
Aberdeen is at the heart of a global geo-data service firm’s major pivot towards remote and autonomous operations.
Dutch marine services firm Fugro has announced it is taking a series of “painful measures” in response to the Covid-19 outbreak, including job cuts.
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.
Fugro has won geotechnical and geophysical survey work on Aker Energy’s Pecan field, offshore Ghana.
Dutch firm Fugro has announced it will sell off its interest in UK-based firm Global Marine.
French energy firm EDF Renewables has announced it has brought in a 'walking jack-up barge' to do North Sea survey work on its planned Neart Na Gaoithe (NnG) Offshore Wind Farm.
Inaccurate pay practices by an asset integrity contractor working in the North Sea are to be considered by a global policy think tank, according to a trade union boss.
An asset integrity firm with bases in Aberdeen has come under fire for claiming it “unintentionally” underpaid workers at a giant Scottish wind farm project.
Dutch geo-data firm Fugro has hailed its "continued recovery" in the third quarter of 2019.
A Bristol-headquartered subsea technology firm is looking to use Aberdeen as the jumping off point for a £1 million expansion into the Scottish energy sector.
Dutch geo-data firm Fugro has said its “recovery” was being driven by its marine business after reporting improved first-half results.
Growth in the oil and gas and renewables sectors saw Fugro report a boost to revenues for the first quarter of the year.
Bosses at Fugro said 2018 was a 'turning point' for the Dutch geo-data firm.