Welcome to our dedicated page for CGG news (Ticker: CGG), a resource for investors and traders seeking the latest updates and insights on CGG stock.
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 challenges attempts to destabilize its safeguard plan. The company denies initiating a publication concerning general meetings of holders of convertible bonds, which was instead done by former representative Jean Gatty. CGG asserts that these bonds have been fully repaid by conversion into shares, rendering the meetings invalid. Furthermore, Gatty has filed appeals against the safeguard plan, but CGG contests his claims. The company plans legal action against these destabilization attempts, including a complaint for slander.
CGG has completed a global geothermal resource study for a major energy client, highlighting the potential for geothermal energy in electricity generation and heating. The study leverages CGG's extensive experience in sedimentary basins and data analytics, resulting in a database of over 700,000 subsurface temperature data points. This initiative underscores the increasing interest in geothermal energy as a reliable baseload power source to complement renewable energy sources like solar and wind. The project aligns with CGG's commitment to facilitating the energy transition towards lower carbon solutions.
CGG has launched a new seismic data reimaging program in the Walker Ridge area of the Gulf of Mexico, covering approximately 300 OCS blocks. This initiative aims to enhance subsurface imaging using advanced technologies. Strong prefunding from industry clients supports the program, which includes Walker Ridge Wide-Azimuth and StagSeis DEUX surveys. Preliminary results indicate improved imaging of difficult geological formations. Final data products are anticipated between February and May 2021, with full results expected by the end of 2021.
CGG Geoscience's Smart Data Solutions (SDS) business has secured data management contracts totaling approximately $10 million. A notable contract involves a global framework agreement with a major international energy company focused on digitizing its legacy data and providing multi-year storage solutions. CGG's expertise ensures safe data management and supports enhanced decision-making for its clients' digitalization initiatives. CEO Sophie Zurquiyah highlighted the importance of leveraging legacy data within exploration and technological advancements.
CGG reported its monthly update on shares and voting rights as of September 30, 2020. The total number of shares stands at 711,324,363, while the number of theoretical voting rights is 711,560,353. This information complies with Article 223-16 of the General Regulation of the French market authority.
CGG reports its monthly update for August 2020, detailing the number of shares and theoretical voting rights.
As of August 31, 2020, the total number of shares outstanding is 711,324,335, which corresponds to 711,560,616 theoretical voting rights.
This information complies with Article 223-16 of the General Regulation of the French market authority, ensuring transparency for investors and stakeholders.
CGG has reported its monthly update on voting rights and shares as of July 31, 2020. The company has a total of 711,323,943 shares outstanding, with 711,560,241 theoretical voting rights. This update is in compliance with Article 223-16 of the General Regulation of the French market authority. The share capital stands at € 7,113,239, with the registered office located in Massy, France. This information is essential for shareholders and market participants to assess their voting power.
