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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.
On June 30, 2024, Viridien announced the total number of voting rights and shares. The French company, with a share capital of €7,161,465, disclosed that it has 716,146,563 issued shares. The number of actual voting rights stands at 718,856,835, while the theoretical voting rights amount to 718,881,831. The difference in voting rights is due to treasury shares, which do not have voting rights, and registered shares held for over two years, which possess double voting rights.
Viridien announced a reverse share split effective July 31, 2024. The split will consolidate every 100 shares of €0.01 nominal value into 1 new share of €1.00 nominal value. The transition period will last from July 1 to July 30, 2024. Shareholders holding exact multiples of 100 shares need not take any action, while others must adjust their holdings to avoid fractional shares, which will be liquidated with proceeds distributed proportionately. The old shares will be delisted after July 30, 2024. This move aims to streamline the share structure without impacting the total value of shares held by shareholders.
Viridien, formerly CGG, announced the sale of its Sercel Marlin vessel monitoring and alert system to ExxonMobil Guyana on June 13, 2024. This sale aims to enhance offshore operational safety for ExxonMobil's operations in Guyana. The Marlin system is part of Sercel's broader software suite and offers real-time monitoring and proactive intelligence on vessel movements and marine risks. This innovation supports floating production storage and offloading platforms (FPSOs) and other valuable assets in challenging marine environments. According to Jerome Denigot, EVP of Sensing & Monitoring at Viridien, the Marlin system is a testament to the company's commitment to delivering advanced technical solutions to optimize marine operations.
Viridien, previously known as CGG, has been awarded a major seismic imaging project by Groupement Berkine, a joint venture including Sonatrach and Occidental Petroleum. The project involves imaging a 3,400 sq km onshore dataset in the Berkine Basin in Eastern Algeria. Viridien's advanced Subsurface Imaging center in France will apply state-of-the-art imaging workflows to enhance subsurface insights, particularly focusing on thin and faulted geology. This recognition stems from their advanced imaging technology, significant computing capabilities, and long-standing experience in Algeria since the 1950s.
Viridien, formerly known as CGG, has formed a strategic partnership with Ranch Computing to enhance the digital media industry through high-performance computing (HPC) solutions. Announced on June 11, 2024, this collaboration will see Viridien provide customized HPC cloud infrastructure tailored to Ranch Computing's needs in visual effects, animation, and architectural visualizations. The partnership leverages tens of thousands of servers running 24/7, integrated with the latest immersion cooling technology to reduce the carbon footprint. This sustainable approach aims to deliver optimized rendering capabilities, faster results, and better performance for resource-intensive projects. Viridien's expertise in technology scouting, hardware selection, and energy optimization will support Ranch Computing's HPC Performance Lab, promising innovations in performance acceleration, energy efficiency, and hardware sustainability. Both companies aim to push the boundaries of computational science for the digital media sector.
Viridien, formerly known as CGG, has secured a $20 million contract to supply its Sercel GPR300 ocean bottom nodal (OBN) solution for a seismic survey in the North Sea.
The Sercel GPR300 utilizes QuietSeis® MEMS technology, offering superior broadband signal sensing, fidelity, and ultra-quiet performance compared to traditional OBN equipment.
This technology excels in shallow water depths up to 300 meters and is designed for ease of manual handling and deployment.
Jerome Denigot, Executive Vice President of Sensing & Monitoring at Viridien, emphasized the company's dedication to providing high-quality seismic data and noted that the GPR300 has already proven its value in major surveys in the Middle East and Asia.
This new contract marks the GPR300's expansion into the North Sea OBN seismic market.
Viridien, formerly CGG, unveiled its new brand at the 2024 EAGE Annual Conference in Oslo. This change represents the next phase in its strategic growth as an Advanced Technology, Digital, and Earth Data company. Since 2018, Viridien has divested its data acquisition activities to focus on Geoscience, Earth Data, and Sensing & Monitoring. The company is also expanding into Low-Carbon markets such as Minerals & Mining and Carbon Storage, as well as High-Performance Computing and Infrastructure Monitoring. The new name reflects the company's heritage and future growth aspirations, emphasizing its commitment to sustainability and innovative solutions for complex natural resource, digital, and energy transition challenges.
Viridien, a French société anonyme, has disclosed information regarding its total number of voting rights and shares as of May 31, 2024. With a share capital of €7,136,762, the company reported 713,676,258 issued shares. The number of actual voting rights stands at 715,925,525, while the theoretical voting rights are 715,950,521. All company shares have the same voting rights, except treasury shares, which have no voting rights, and registered shares held for over two years, which have double voting rights. These details are pursuant to Article L. 233-8 II of the French Commercial Code and Article 223-16 of the AMF's General Regulation.
On May 17, 2024, Viridien, formerly known as CGG, announced the approval of its name change by shareholders during the Annual General Meeting held on May 15, 2024. Starting May 21, 2024, the company's shares listed on Euronext Paris will trade under the new ticker symbol 'VIRI'. The change marks a significant rebranding effort for the company, aligning with its strategic objectives and market presence. The new ISIN code and Euronext code remain unchanged as FR0013181864.
Viridien, formerly known as CGG, held its Combined General Meeting on May 15, 2024, in Paris, chaired by Philippe Salle. All resolutions were approved, including the 2023 financial statements, appointment of Ernst & Young as statutory auditors, Say on Pay resolutions, financial delegations, and a reverse share split consolidating 100 shares into 1 new share. The company also changed its name to Viridien. The board renewed Helen Lee Bouygues' term and replaced Heidi Petersen with Olivier Jouve as directors, bringing the board to nine members, with 87.5% independent and 50% women. The board established a New Businesses and M&A Committee, updating its internal rules and committee structures.
