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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 will hold a Combined General Meeting on May 12, 2021, at 10:30 a.m. Paris time, conducted virtually due to the COVID-19 crisis. Shareholders can participate remotely and must vote by mail or electronically prior to the meeting. CGG will also release its first quarter 2021 results on the same day, before the Paris stock exchange opens. An analyst conference call will follow at 8:00 a.m. Paris time, with all information accessible on CGG's website.
CGG has entered a strategic agreement with dCarbonX to assist in assessing subsurface clean energy projects in Ireland and the UK, including geothermal energy and CO2 storage. This collaboration aims to facilitate the transition from fossil fuels to renewable energy. CGG will leverage its advanced geoscience solutions to evaluate and de-risk these subsurface sites. Both companies are committed to pioneering sustainable energy solutions, with dCarbonX focusing on innovative decarbonization methods. This partnership highlights CGG's dedication to supporting climate initiatives and advancing energy transition technologies.
CGG announces its Combined General Meeting to be held on May 12, 2021, at 10:30 am at its registered office in Massy, France, behind closed doors due to health measures. Shareholders will not be able to attend physically but can vote remotely prior to the meeting. A live audio broadcast will be available on the company's website. The meeting will follow regulations regarding public health and safety, with no new resolutions allowed during the session. Preparatory documents related to the meeting are available online.
CGG has been selected by the European Space Agency to lead a study focused on developing new technologies to tackle plastic pollution in marine environments. Collaborating with Mott MacDonald and Brunel University London, CGG will analyze data and employ AI models to create innovative monitoring solutions. The first phase of the project will last 12 months, assessing the feasibility and commercial viability of satellite-based services designed to detect floating plastic aggregations. CEO Sophie Zurquiyah emphasized the urgency of effective monitoring to mitigate environmental impacts.
CGG has released its monthly report for March 31, 2021, detailing its share capital and voting rights. The company holds a share capital of €7,113,942, with a total of 711,394,241 shares and 711,679,217 theoretical voting rights. This data is in compliance with Article 223-16 of the General Regulation of the French market authority. The registered office is located at 27 avenue Carnot, Massy, France. These figures provide insights into the company's share structure and governance.
CGG announced the issuance of $500 million in 8.75% Senior Secured Notes and €585 million in 7.75% Senior Secured Notes, both due in 2027. This issuance was a prerequisite for settling a tender offer for existing first lien senior secured notes due 2023, which expired on March 29, 2021. Additionally, CGG secured a $100 million Revolving Credit Facility linked partially to greenhouse gas emission targets. Proceeds will be used to settle various existing notes and cover associated costs.
CGG has secured three significant seismic imaging projects from BP, with two projects based in the deepwater Gulf of Mexico and one offshore Trinidad & Tobago. These projects are set to commence in Q1/Q2 of 2021, with data delivery expected by Q4 2021. Utilizing CGG Cloud technology, imaging specialists will apply advanced data-driven algorithms for enhanced imaging quality. Colin Murdoch, EVP of Geoscience at CGG, highlighted the importance of these awards, emphasizing the company's commitment to technology investments during challenging times.
CGG has priced a debt offering of US$500 million in 8.75% senior secured notes and €585 million in 7.75% senior secured notes, both due in 2027. The offering reflects strong market confidence and aims to streamline CGG's capital structure. The proceeds will be used to repurchase existing secured notes and pay associated fees. Additionally, CGG plans to enter a US$100 million Revolving Credit Facility, linked to greenhouse gas emission targets, to enhance financial flexibility.
CGG S.A. has launched an offering of senior secured notes due 2027, totaling approximately US$1.2 billion. The notes, guaranteed by certain subsidiaries, will be issued in both U.S. dollars and euros. CGG has also secured a US$100 million revolving credit facility linked to greenhouse gas emission targets. The net proceeds will be used to repurchase existing senior secured notes and discharge other secured notes. This Tender Offer is contingent on the successful completion of the offering.
