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Stock Market & Financial Investment News

News Breaks
June 13, 2014
07:23 EDTSLB, CGGCGG preferred in race with Schlumberger for 3D seismic contract, Upstream says
CGG (CGG) and WesternGeco, a unit of Schlumberger (SLB), are the only companies bidding for a $100M-plus 3D broadband seismic contract from India’s Oil & Natural Gas Corporation, according to oil and gas industry publication Upstream, which added that CGG is preferred for the award as it was low bidder in ONGC’s previous tender. Shares of CGG are up nearly 8% in pre-market trading following the report. Reference Link
News For CGG;SLB From The Last 14 Days
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June 26, 2015
07:31 EDTSLBOneSubsea awarded contract for supply of subsea trees for Shah Denix Two
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a contract totaling more than $60M for the Shah Deniz Two development, operated by BP, offshore Azerbaijan. OneSubsea was awarded the initial contract for subsea trees for Shah Deniz Two in 2013. The scope of the new contract includes the supply of the second of three planned batches of subsea production trees and ancillaries. Deliveries are expected to commence 2016.
June 24, 2015
07:19 EDTSLBU.K. panel to decide on first fracking in area since 2011, WSJ reports
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