Solutions for complex energy transition, natural resource and environmental challenges.
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Meet a variety of industry challenges using CGG's insight and experience
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View PresentationCGG announced today that Sercel has delivered two of its new-generation 508XT land seismic acquisition systems, representing a total of 12,000 channels, to Bashneftegeofizika, one of the largest oil service companies in the Russian Federation.
CGG has announced that its Mexican entity, CGGVeritas Services de México S.A. de C.V. (CGG), has become one of only a small number of companies to be registered by Mexico’s National Hydrocarbons Commission (CNH) as an independent third party qualified to audit and certify Mexico’s reserves, either for oil and gas operators or directly for the CNH.
Results strongly impacted by very low volumes; execution of Transformation Plan well on track; strong cash generation...
CGG announced today that it has entered into a binding agreement with NEOS for the sale of the Multi-Physics Business Line encompassing gravity, magnetic, electromagnetic and radiometric surveys with advanced range of airborne fixed-wing and helicopter systems and the General Geophysics Italy business specializing in high-end land EM processing and imaging.
CGG announced today that its Document de Référence and report on Form 20-F for 2015 were filed with the Autorité des Marchés Financiers (AMF) and the SEC on April 15, 2016 respectively.
In a very difficult market environment, CGG has delivered a satisfactory level of EBITDAs in the fourth quarter of 2015, due to the strong performance of its multi-client library and the resilience of its Equipment segment...
The amendment of IAS 38 intangible assets leads CGG to adapt its multi-client library amortization pattern. Each survey will be fully amortized over a five-year period based on the following principles...
On March 2, 2016, CGG received notice from the New York Stock Exchange, Inc. (NYSE) that it is no longer in compliance with the NYSE’s continued listing standards...
On November 16th, following the announcement by CGG of a next step of its Group’s Transformation, S&P downgraded CGG’s corporate rating to CCC+ with a Negative Outlook reflecting the rating agency’s view that the Company could notably face liquidity issue in the first half of 2016, breach its covenants, be unable to repay its 2017-2018 debt installments and be unable to benefit from the cash injection needed to finance its Transformation Plan.
