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Fugro NV (FUGRc.AS)

FUGRc.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Boskalis sells remaining holding in Fugro
Tuesday, 28 Feb 2017 02:44pm EST 

Koninklijke Boskalis Westminster NV :Boskalis announced on Tuesday it sold remaining holding in Fugro Full Article

Fugro says bookrunner to place 7.9 mln shares worth $126 mln
Tuesday, 28 Feb 2017 11:50am EST 

Fugro Nv : Bookrunner - accelerated bookbuilt offering of 7,932,532 ordinary shares of Fugro N.V. . Bookrunner - accelerated bookbuilt offering size: 7,932,532 shares representing c.120 mln euros / $126 mln based on the closing price of 15.035 euros on Feb. 28 2017 Further company coverage: [FUGRc.AS] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Fugro says it does not see any reason for a slowdown in offshore wind - conf call
Friday, 24 Feb 2017 07:00am EST 

Fugro NV : Says it does not see any reason for a slowdown in offshore wind - conference call Further company coverage: [FUGRc.AS] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

Fugro FY revenue at 1.78 billion euros, in line with Reuters poll
Friday, 24 Feb 2017 01:45am EST 

Fugro NV : FY revenue 1.78 billion euros ($1.88 billion) versus 1.76 billion euros in Reuters poll . FY net loss 308.9 million euros versus loss of 235 million euros in Reuters poll . FY EBITDA 189.5 million euros versus 182 million euros in Reuters poll . Anticipates that, for the first half of 2017, the offshore oil and gas market will continue to decline significantly . Stabilisation of co's backlog over the last few months and clear signs that pressure on oil supply side is beginning to build, indicate that market may bottom out towards year end . Backlog for the next 12 months down 11.6 percent on a currency comparable basis compared to a year ago and up by 7.3 percent compared to the third quarter of 2016 . For the first half of the year, expects further significant decline in revenue, however less severe than in 2016, with ongoing margin pressure . Expects revenue decline bottoming out towards the latter part of the year .Expects positive cash flow for the full year.  Full Article

Fugro has been awarded contract by Shell/BG Kenya
Tuesday, 21 Feb 2017 05:08am EST 

Fugro NV :Has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons.  Full Article

Pakistan chooses Fugro for minerals exploration in Punjab
Friday, 3 Feb 2017 10:47am EST 

Fugro NV : Pakistan government chooses Fugro NV for extensive minerals exploration in Punjab, for iron ore and other minerals .A 10 million euros ($10.79 million) contract with Fugro NV was signed in Lahore, in January.  Full Article

Fugro wins 3 year contract worth about 80 million euros
Thursday, 2 Feb 2017 01:02am EST 

Fugro NV : Says awarded three year contract for subsea inspection, repair and maintenance services .Total value of the contract is estimated at around 80 million euros ($86.34 million) over the three year period.  Full Article

Fugro stops divestment process of Asia Pacific subsea services
Monday, 5 Dec 2016 12:50am EST 

Fugro NV : Announced on Sunday stop of divestment process of Asia Pacific subsea services business to Shelf Subsea . As a result, Fugro will retain the vessels, ROVs, other equipment and personnel related to the business . Fugro will not acquire an equity interest in Shelf Subsea, as was previously communicated . Subsea services activities in Asia Pacific will be incorporated in and reported as part of the Marine division (in the new divisional structure as of 2017) .Will continue to explore partnership opportunities to reduce its exposure to the larger vessels used for the installation and construction part of the business.  Full Article

Fugro to perform marine geotechnical site investigation offshore Massachusetts
Wednesday, 26 Oct 2016 07:14am EDT 

Fugro NV : Awarded contract by Vineyard Wind to perform a marine geotechnical site investigation within its wind development lease, offshore massachusetts .Investigation is planned to start before the end of october and take around two to three weeks.  Full Article

Fugro Seabed Geosolutions, in cooperation with CGG, secured continuity in the Middle East
Thursday, 6 Oct 2016 01:12am EDT 

Fugro NV : Seabed Geosolutions, in cooperation with CGG, secured a new extension to its ongoing shallow water operations in the U.A.E. . Variation order from Abu Dhabi National Oil Company (ADNOC) covers Phase-II of Ghasha Field project. . This new survey is due to start in Otober and is expected to take approximately 9 months. It has a value of around USD 60 million. .Seabed Geosolutions is a joint venture between Fugro and CGG..  Full Article

BRIEF-Fugro has been awarded 2-year framework contract by Swissgrid