Fugro NV (FUGRc.AS) Key Developments | Reuters.com
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Fugro NV (FUGRc.AS)

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Latest Key Developments (Source: Significant Developments)

Fugro wins cable installation contract
Tuesday, 8 Sep 2015 01:00am EDT 

Fugro NV:Wins contract for installation and burial of array cables at Rampion Offshore Wind Farm.Says development in English Channel, 13 kilometers off the Sussex coast, is being built by E.ON alongside partners, UK Green Investment Bank plc.  Full Article

Fugro awarded £2.5 million contract by Transport Scotland
Wednesday, 26 Aug 2015 06:00am EDT 

Fugro NV:Transport Scotland awards 2.5 million pound contract for advanced ground investigation of A9 to Fugro.  Full Article

Fugro mid-term outlook for H2 is unchanged but timing is dependent on a recovery of the oil and gas market
Tuesday, 4 Aug 2015 08:00pm EDT 

Fugro NV:Expects to realize a lower EBIT in the second half of 2015, compared to the second half of 2014 (excluding exceptional items), mainly related to Subsea Services.Company expects a positive cash flow from operating activities after investments for the full year 2015, also excluding the proceeds from the sale of the multi-client data library.Mid-term outlook is unchanged but timing is dependent on a recovery of the oil and gas market.  Full Article

Fugro awarded BG contract for geochemical campaign offshore Honduras
Thursday, 30 Jul 2015 08:00pm EDT 

Fugro NV:Fugro has been awarded a contract to conduct an integrated multibeam echosounder survey and seabed coring campaign over its offshore acreage in the Honduran Caribbean.  Full Article

Fugro joint venture Seabed Geosolutions secures two new contracts
Monday, 27 Jul 2015 01:00am EDT 

Fugro NV:Joint venture Seabed Geosolutions secures two new contracts.Seabed Geosolutions has mobilised for an ocean bottom cable survey in Asia Pacific with a value of about $55 million.Seabed Geosolutions will mobilise for the variation order that was signed by Abu Dhabi National Oil Company (ADNOC) with CGG to conduct a shallow water seabed survey.The survey is over the Ghasha-Butini field, will take around 12 months and has a value of around $125 million.  Full Article

Fugro and Cross Group awarded multi well GoM contract
Friday, 26 Jun 2015 11:33am EDT 

Fugro NV:Fugro and Cross Group awarded multi well GoM contract.  Full Article

Fugro wins programme by Exxonmobil Alaska LNG LLC
Friday, 5 Jun 2015 04:12am EDT 

Fugro NV:Wins large geotechnical and geophysical (G&G) programme by Exxonmobil Alaska LNG LLC (a consortium of ExxonMobil, ConocoPhillips, British Petroleum, TransCanada and State of Alaska).Says geotechnical scope of work includes drilling and sampling of borings for onshore liquefaction facilities, marine terminal and offshore pipelines, as well as installation of monitoring wells, seismograph and in situ measurement of soil properties.  Full Article

Fugro awarded contract to investigate windfarm sites
Thursday, 4 Jun 2015 04:51am EDT 

Fugro NV:Awarded contract to investigate wind farm sites.And Netherlands Enterprise Agency, part of the Ministry of Economic Affairs, have signed two contracts to investigate Borssele wind area, off Zeeland coast.  Full Article

Fugro to divest its multi-client data library to Spectrum
Monday, 1 Jun 2015 12:36pm EDT 

Fugro NV:Fugro to divest its multi-client data library to Spectrum ASA, a Norwegian multi-client seismic data specialist supplying the global oil and gas industry with sub-surface imagery.Cash consideration of $115 million (approximately 100 million euros).Transaction will result in a non-cash impairment of approximately 40 million euros.  Full Article

Fugro extends contract with McDermott Middle East
Wednesday, 27 May 2015 09:16am EDT 

Fugro NV:Awarded a three-year extension to its existing contracts with engineering and construction company, McDermott Middle East, Inc.  Full Article

Marine engineer Fugro retrenches in face of oil and gas rout

AMSTERDAM, April 29 Marine engineer Fugro said it was stepping up cost control efforts, cutting a further 600 jobs over coming quarters, as its oil and gas industry clients delayed contract awards and exploration budgets continued to shrink.