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News Breaks
April 8, 2014
05:30 EDTCGGCGG SA acquires large BroadSeis/BroadSource 3D multi-client survey in Norway
CGG announced that it has started acquiring a large BroadSeis/BroadSource 3D multi-client survey in the Northern North Sea offshore Norway. The Horda survey will be the largest broadband multi-client program CGG has acquired in NW Europe as well as the largest multi-client 3D survey ever shot by any company in Norway. The survey is being acquired by the Viking Vanquish, and a second vessel will join later in the season. The acquisition program will continue in 2015. Following several recent discoveries the greater Horda area has become an area of high exploration activity. The survey program's main objective is to provide a large, uniform dataset with increased seismic resolution which will offer a platform to improve industry understanding of the regional geology. The survey has received high prefunding from the industry. Early participants have had the option to recommend priority areas and will also be invited to monitor the data processing which will be conducted in CGG's Oslo subsurface imaging center.
News For CGG From The Last 14 Days
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November 21, 2014
05:24 EDTCGGCGG SA confirms client commitment to StagSeis solution in Gulf of Mexico
CGG announced another significant commitment from an Exploration and Production company to its StagSeis multi-client solution in the Gulf of Mexico, this time with an earlier prefunder expanding their position. Following completion of acquisition in October, StagSeis presales of all three surveys, IBALT, DEUX and TROIS, have continued to strengthen, both with new companies joining, and with repeat customers increasing their commitments.
November 20, 2014
05:40 EDTCGGCGG SA confirms offer from Technip, considered that conditions to pursue not met
CGG confirms having been approached by Technip in an unsolicited manner in respect of a potential combination. CGG has considered that the conditions to pursue were not met.
05:38 EDTCGGTechnip proposes EUR 8.30 per share tender offer for CGG SA
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05:37 EDTCGGTechnip proposes EUR 8.30 per share tender offer for CGG SA
November 19, 2014
16:31 EDTCGGOn The Fly: Closing Wrap
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15:33 EDTCGGCGG turned down first Technip approach, weighing sale, Bloomberg says
CGG rejected an initial takeover offer from Technip but is now weighing a sale and talks between the two are continuing, said Bloomberg, citing people with knowledge of the matter. Shares of CGG trading in New York are up 22% in afternoon trading following the report. Reference Link
14:55 EDTCGGCGG SA jumps 6.7%, halted following report of mulling sale
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14:54 EDTCGGCGG turns down Technip approach, now weighing sale, Bloomberg reports

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