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CGG (Viridien) delivers cutting-edge geoscience solutions through seismic imaging and digital technologies that address global energy transition needs. This dedicated news hub provides investors and industry professionals with essential updates about the company's technological advancements and strategic initiatives.
Access real-time announcements covering operational milestones, including subsurface data innovations, sensor technology deployments, and sustainable resource management developments. Our curated collection features earnings reports, partnership disclosures, and progress updates on digital transformation projects critical to energy and infrastructure sectors.
Stay informed about CGG's leadership in geophysical surveying and Earth data analytics through verified press materials. The repository serves as a reliable source for tracking the company's contributions to responsible resource exploration and advanced seismic processing methodologies.
Bookmark this page for streamlined access to CGG's latest corporate communications, ensuring you never miss developments in MEMS sensor applications or integrated subsurface imaging solutions. Regular updates provide ongoing insights into how the company shapes data-driven decision-making in complex geological environments.
CGG has released its total voting rights and shares information as of December 31, 2022. The company holds a total of 712,357,321 issued shares. The actual number of voting rights stands at 714,240,301, while the theoretical voting rights amount to 714,265,297. All shares share the same voting rights except for treasury shares, which have none, and registered shares held for over two years, which have double voting rights. This information complies with Article L. 233-8 II of the French Commercial Code.
CGG announced the sale of its US land seismic multi-client library to Bon Ton Seismic LLC for $63 million. This library covers approximately 20,000 square miles (about 52,000 km²) of 3D seismic data. CEO Sophie Zurquiyah stated that this divestment is part of CGG's ongoing business portfolio management initiated in 2018. The company plans to focus on offshore hydrocarbon basins, CCUS, minerals and mining, and digital solutions with its Earth Data segment.
CGG announced the total number of issued shares and voting rights as of November 30, 2022. The company has 712,357,321 shares issued, with a total of 714,184,357 actual voting rights and 714,209,353 theoretical voting rights. All shares carry the same voting rights, except for treasury shares without voting rights and registered shares held for more than two years, which have double voting rights. This report complies with the French Commercial Code and AMF regulations.
CGG has launched a new multi-client data project in Southeast Arizona aimed at enhancing exploration in the mining sector. The project, backed by industry funding, will utilize CGG’s GeoVerse™ platform and is set to begin immediately, with final products expected soon. The initiative involves acquiring over 270,000 line-kilometers of airborne data integrated with existing satellite and geological data, creating a comprehensive dataset for improved exploration methods.
CGG has secured a multi-year contract extension with Brunei Shell Petroleum Company (BSP) to operate a dedicated seismic imaging center in Seria, Brunei. This renewal, reflecting six years of technical excellence, emphasizes BSP's trust in CGG's imaging team and advanced technology. The in-house team will continue utilizing proprietary technologies to address regional challenges, including gas clouds and complex fault structures. CGG's workforce stands at around 3,300 employees, and it is publicly traded on the Euronext Paris.
CGG reported its total number of issued shares as of October 31, 2022, standing at 712,357,321. The company has 714,183,703 actual voting rights, and 714,208,699 theoretical voting rights, highlighting the impact of treasury shares and double voting rights for certain registered shares. This information complies with Article L. 233-8 II of the French Commercial Code and the AMF regulations.
CGG reported a soft Q3 2022, with revenues of $255 million and segment revenues down 20% year-on-year to $217 million. However, 2022 segment revenue is projected around $900 million, stable year-on-year. The EBITDAs for the year are expected to be around $380 million, up 10%. There was a significant improvement in net loss, which decreased to $(2) million from $(16) million last year. Despite project shifts affecting segments like Sensing and Monitoring, anticipated growth in Earth Data sales could lead to a strong Q4. Liquidity stood at $325 million, with net debt reduced to $889 million.
CGG is set to announce its third quarter 2022 financial results on November 2, 2022, after market close. The press release and presentation will be available on its website at www.cgg.com at 5:45 PM CET. An analysts conference call will follow at 6:30 PM CET. Note that CGG has switched to a new conference call provider, and participants need to register to receive the dial-in information or join via a webcast. A conference call replay will be accessible for 12 months on the company's website.
