Key Developments: Fugro NV (FUGRc.AS)

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Latest Key Developments (Source: Significant Developments)

Fugro gives FY 2016 outlook in line with analysts' estimates
Thursday, 6 Mar 2014 07:00pm EST 

Fugro NV:Sees its average annual growth of revenue more than 10 pct, to result in FY 2016 revenue of from 3,000 million euros to 3,700 million euros.FY 2016 revenue 3,087 million euros - Thomson Reuters I/B/E/S Estimates.  Full Article

Fugro acquires Roames Asset Services from Ergon Energy
Sunday, 2 Mar 2014 07:00pm EST 

Fugro NV:Completes acquisition of Roames Asset Services Pty Limited (Roames), based in Brisbane, Australia, from Ergon Energy Corporation Limited (Ergon).Roames (previously Ergon services unit) specializes in high-resolution mapping services and solutions for electricity distribution sector.Roames uses airborne sensors to generate 3D models of electric power transmission networks and surrounding vegetation.Roames current annual revenue equals about 7 million euros.Roames 19 employees, including technology development staff, to be transfered to Fugro.Fugro's agreement with Ergon includes five year service contract (plus five year option).  Full Article

Fugro awarded ground investigation contract in Hong Kong
Tuesday, 25 Feb 2014 07:00pm EST 

Fugro NV:Fugro wins contract form Airport Authority Hong Kong to carry out nearshore geotechnical and environmental ground investigation programme in waters near Hong Kong International Airport at Chek Lap Kok.Contract value about 8.8 million euros.Contract include essential engineering and environmental information and is to run until November.Fugro to carry out works using fleet of up to five vessels.  Full Article

Fugro awarded five year contract with Shell in Malaysia
Thursday, 13 Feb 2014 07:00pm EST 

Fugro NV:Fugro Subsea Services wins long term contract from Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited (Shell) for provision of underwater inspection, maintenance and repair services at subsea infrastructure across Malaysia.Contract to run for five years with options to extend.Fugro to establish project office in Miri and support facility in Labuan.All work to be performed under Fugro's QHSE system.Contract includes also provision of two permanently deployed remotely operated vehicles (ROV) systems and operational personnel.Contract estimated total value in excess of $250 million.  Full Article

Fugro and CGG JV Seabed Geosolutions secures contract with Petronas
Sunday, 2 Feb 2014 07:00pm EST 

Fugro NV:Seabed Geosolutions, JV of Fugro and CGG, to carry out Ocean Bottom Cable (OBC) contract for PETRONAS Carigali Sdn. Bhd. in Malaysia on Temana and D18 fields.Project starts at end of Q1 2014 and is expected to take about six months to complete.Contract value about $70 million.  Full Article

Fugro NV's Seabed Geosolutions Secures Contract With Total E&P
Sunday, 6 Oct 2013 08:00pm EDT 

Fugro NV announced that Seabed Geosolutions has secured a two year contract with Total E&P for its Ocean Bottom Node seismic data acquisition technology. The contract utilizes a ‘call-out’ mechanism for each acquisition survey with the option to extend the contract for an additional 24 months. The initial work program consists of approximately 5 months of 3D and 2D surveys and will commence in the United Kingdom Sector of the North Sea in the fourth quarter of 2013 upon completion of a current West Africa survey. The multiple survey areas will be acquired with Seabed Geosolutions’ deep water Trilobit technology and robotic modularized handling equipment. This seismic system is a proprietary autonomous node technology deployed using a ROV (remotely operated vehicle). The survey acquisition timing will allow Seabed Geosolutions flexibility to secure other projects in the North Sea or elsewhere. Seabed Geosolutions was formed early 2013 as the seismic seabed joint venture of Fugro and CGG. It collects geophysical data on the seabed through an array of imaging technologies for energy companies, with a focus on the development and production phases of oil and gas fields.  Full Article

Fugro NV To Acquire DCN Global LLC
Tuesday, 10 Sep 2013 06:00pm EDT 

Fugro NV announced that it has reached agreement to acquire DCN Global LLC (‘DCN Global’), a company specializing in the provision of subsea engineering and diving services to the offshore civil and oil & gas industry, primarily in the Middle East. Completion of the sale agreement requires standard regulatory approval which are to be completed. Financial details of the transaction were not disclosed.  Full Article

Fugro NV Completes Airborne Activities Sale To CGG
Monday, 2 Sep 2013 06:00pm EDT 

Fugro NV announced that it has completed the sale and transfer of its airborne activities to CGG. Certain administrative actions are still to be completed, but these do not impact business continuity and are anticipated to be finalised shortly. The airborne activities form part of the Geoscience activities, the majority of which were already transferred to CGG on January 31, 2013. CGG has drawn the second tranche (EUR 100 million) of the vendor loan upon the transfer of the airborne activities.  Full Article

Fugro NV Receives Award For Hydrographic Survey Project
Thursday, 22 Aug 2013 08:00pm EDT 

Fugro NV announced that it has been awarded a hydrographic survey project in the Middle East region which has an estimated value in excess of USD 80 million. The survey will commence in October 2013, utilizing a combination of vessels and aircraft and is expected to take 14 months to complete. The commercial hydrographic survey project is to combine both airborne and vessel based techniques.  Full Article

Fugro NV Issues FY 2013 Revenue Guidance
Friday, 9 Aug 2013 01:33am EDT 

Fugro NV announced that it expects that the revenue from continued operations for fiscal year 2013 will be around EUR 2,600 million (fiscal year 2012: EUR 2,400 million; both including multi-client sales).  Full Article


Dutch firm Fugro to lead search for MH370 off Australia

SYDNEY - Dutch engineering firm Fugro will lead the search of the Indian Ocean seafloor where missing Malaysia Airlines Flight MH370 is believed to have crashed, hoping to unlock the greatest mystery in modern aviation.

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