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CGG SA (GEPH.PA)

GEPH.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CGG: Sercel Acquires Stake In AMBPR Startup
Tuesday, 7 Jul 2020 

July 7 (Reuters) - CGG SA ::CGG: SERCEL ACQUIRES STAKE IN AMBPR STARTUP SPECIALIZING IN AUTONOMOUS ROBOTS.ACQUIRED A 34% SHAREHOLDING IN AMBPR, A START-UP COMPANY.TERMS OF THIS AGREEMENT ALSO PROVIDE FOR SERCEL INCREASING ITS STAKE IN AMBPR TO 51% IN 2021.ALSO SIGNED EXCLUSIVE INDUSTRIAL PARTNERSHIP AGREEMENT WHEREBY SERCEL WILL MANUFACTURE AMBPR ROBOTS AT ITS SAINT-GAUDENS SITE IN FRANCE.  Full Article

CGG Expects Q3 Segment Revenue To Be Above $350 Million
Monday, 2 Sep 2019 

Sept 2 (Reuters) - CGG SA ::REG-CGG: CGG ANTICIPATES Q3 2019 SEGMENT REVENUE ABOVE $350M AND UPGRADES ITS 2019 FINANCIAL OBJECTIVES.Q3 2019 SEGMENT REVENUE IS EXPECTED TO BE ABOVE $350M.COMPANY'S 2019 SEGMENT REVENUE IS EXPECTED TO INCREASE BY MORE THAN 10% YEAR ON YEAR.FOR FY 2019 SEES SEGMENT EBITDAS MARGIN AROUND 50% AND SEGMENT OPERATING INCOME AROUND $200M..IS EXPECTING TO GENERATE POSITIVE NET CASH FLOW THIS YEAR, FOR FIRST TIME SINCE 2012.  Full Article

Norges Bank Holds 5.01% Of CGG Capital - AMF
Wednesday, 3 Jul 2019 

July 3 (Reuters) - AUTORITE DES MARCHES FINANCIERS (AMF)::NORGES BANK HOLDS 5.01% OF CGG CAPITAL AND VOTING RIGHTS.  Full Article

CGG Awarded Multi-Year Processing Contract By ADNOC
Tuesday, 18 Jun 2019 

June 18 (Reuters) - CGG SA ::CGG AWARDED MULTI-YEAR PROCESSING CONTRACT BY ADNOC FOR WORLD’S LARGEST OBN SEISMIC PROJECT.  Full Article

CGG Awarded Multi-Year Processing Contract By Equinor
Tuesday, 11 Jun 2019 

June 11 (Reuters) - CGG SA ::PRESS RELEASE REG-CGG AWARDED MULTI-YEAR PROCESSING CONTRACT BY EQUINOR FOR JOHAN SVERDRUP PRM PROJECT.IT WILL RUN FROM Q2 OF 2019 FOR AN INITIAL PERIOD OF 31 MONTHS WITH OPTION OF TWO THREE-YEAR EXTENSIONS.  Full Article

CGG Announces Collaboration With Microsoft
Wednesday, 5 Jun 2019 

June 5 (Reuters) - CGG SA ::REG-CGG ANNOUNCES COLLABORATION WITH MICROSOFT TO DELIVER CLOUD-BASED GEOSCIENCE DATA AND TECHNOLOGIES.COLLABORATION WITH MICROSOFT TO DELIVER ITS GEOSCIENCE PRODUCTS, DATA AND SERVICES ON MICROSOFT AZURE.THROUGH AZURE, OIL AND GAS COMPANIES ACROSS GLOBE WILL HAVE ACCESS TO CGG'S EXTENSIVE LIBRARY OF GEOSCIENCE DATA.CLIENTS WILL ALSO BE ABLE TO TAKE ADVANTAGE OF OPTIMIZED HOSTING OF CGG'S E&P DATA MANAGEMENT SOLUTIONS.  Full Article

CGG Signs Binding Term-Sheet With Shearwater
Tuesday, 4 Jun 2019 

June 4 (Reuters) - CGG SA ::SIGNS BINDING TERM-SHEET WITH SHEARWATER FOR HIGH-END SEISMIC VESSELS AND CREATION OF GLOBAL LEADER IN STREAMER TECHNOLOGY.TERM-SHEET COVERS PURCHASE OF FIVE HIGH-END STREAMER VESSELS JOINTLY OWNED BY CGG MARINE RESOURCES NORGE AS AND EIDESVIK OFFSHORE BY SHEARWATER.TERM-SHEET COVERS CREATION OF A TECHNOLOGY PARTNERSHIP, UNDER SERCEL BRAND NAME AND CGG'S MAJORITY OWNERSHIP.TECHNOLOGY PARTNERSHIP FOR DEVELOPMENT, MANUFACTURING, COMMERCIALISATION AND SUPPORT OF MARINE STREAMER SEISMIC ACQUISITION SYSTEMS.CGG WILL CONTINUE TO OPERATE VESSELS AND EXECUTE ON-GOING ACQUISITION CONTRACTS AND CUSTOMER COMMITMENTS UNTIL DEAL CLOSURE.INTENTION OF BOTH COMPANIES TO EXECUTE FINAL TRANSACTION AGREEMENTS BEFORE END OF JUNE.CLOSING PLANNED BEFORE YEAR-END.TERM-SHEET INCLUDES AGREEMENTS FOR A FIVE-YEAR UTILIZATION COMMITMENT FOR AN ANNUAL MINIMUM OF TWO VESSEL-YEARS OVER PERIOD.  Full Article

CGG: Sercel launched first distributed acoustic sensing (DAS) seismic solution: SigmaWave
Wednesday, 20 Mar 2019 

March 20 (Reuters) - CGG SA ::* CGG announced today that Sercel has launched its first distributed acoustic sensing (DAS) seismic solution: SigmaWave..* Designed in partnership with Fotech Solutions, SigmaWave is the first integrated distributed acoustic solution designed exclusively for borehole seismic applications .* It is a new and integral part of Sercel’s existing downhole seismic equipment portfolio and allows continuous, real-time, seismic measurements via fiber optic cable.  Full Article

CGG's Sercel Increases Vibroseis Productivity
Tuesday, 19 Mar 2019 

March 19 (Reuters) - CGG SA ::REG-CGG: SERCEL OPTIMIZES VIBROSEIS PRODUCTIVITY WITH LAUNCH OF VIBRATOR AUTO-GUIDANCE.CGG LAUNCH BY SERCEL OF WORLD'S FIRST VIBRATOR AUTO-GUIDANCE SOLUTION, DESIGNED TO INCREASE VIBROSEIS PRODUCTIVITY BY UP TO 10%.  Full Article

CGG Q4 Net Loss Widens To 790 Million Dollars
Friday, 8 Mar 2019 

March 8 (Reuters) - CGG SA ::REG-CGG: CGG ANNOUNCES ITS 2018 FOURTH QUARTER & FULL-YEAR RESULTS.IN 2019 EXPECTED HIGH SINGLE DIGIT REVENUE GROWTH IN LINE WITH INCREASE IN E&P SPENDING.IN 2019 SEGMENT EBITDAS MARGIN EXPECTED AT C. 45%, DEPENDING ON REVENUE MIX.IN 2019 SEGMENT OPERATING INCOME IN THE RANGE OF $75-125M.IN 2019 SEES TOTAL CAPEX IN THE RANGE OF $330M-365M WITH MULTI-CLIENT CASH CAPEX AT $250-275M.IN 2019 SEES HIGHER CASH GENERATION, WITH SEGMENT FCF IN THE RANGE OF $175-200M.GROUP GROSS DEBT WAS $1,167 MILLION AT THE END OF DECEMBER 2018.Q4 NET LOSS $ 790 MILLION VERSUS LOSS $74.9 MILLION YEAR AGO.Q4 GROUP REVENUE $ 370.2 MILLION VERSUS $ 360.9 MILLION YEAR AGO.THE GROUP’S LIQUIDITY AMOUNTED TO $434 MILLION AT THE END OF DECEMBER 2018..  Full Article

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Hedge funds target France as short-selling bans lifted

LONDON A cluster of big name hedge funds have started betting against French companies, moving in after the lifting of a short-selling ban imposed earlier this year to calm financial markets, an analysis of regulatory filings showed.