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Latest Key Developments (Source: Significant Developments)

CGG announces joint venture with GOSCO
Tuesday, 30 Aug 2016 01:54am EDT 

CGG : CGG announces joint venture with GOSCO for seismic services offshore Ghana .New joint venture will be a Ghanaian indigenous company and be based in Accra.  Full Article

CGG Q2 revenue down at $290 million
Friday, 29 Jul 2016 01:36am EDT 

CGG : CGG: announces its 2016 second quarter results . H1 free cash flow at $8 million after non-recurring charges (NRC), versus $(130) million last year, and at $97 million before NRC . Confirmation of a year-end net debt target below $2.4 billion . Market conditions remain challenging . Q2 revenue $290 million versus $473 million year ago .Q2 net loss (after non-recurring charges) $79 million versus loss of $61 million year ago.  Full Article

CGG: Sercel delivers two 508XT land acquisition systems
Tuesday, 31 May 2016 01:41am EDT 

Cgg SA :Sercel delivers two 508XT land acquisition systems to one of the largest russian oil service companies.  Full Article

CGG comments on FY 2016 guidance
Tuesday, 3 May 2016 01:30am EDT 

CGG SA:Says "confirm that we are aiming to reach a net debt of less than 2.4 billion dollars by the end of 2016".CGG says continue to expect a depressed environment for the whole year.  Full Article

CGG to sell its multi-physics business to NEOS
Friday, 29 Apr 2016 02:30am EDT 

CGG SA:Enters into a binding agreement for the sale of its multi-physics business to NEOS.Transaction is expected to close during summer following receipt of required approvals and licenses, at which time businesses will transfer.  Full Article

CGG comments on FY 2016 financial guidance
Thursday, 3 Mar 2016 01:30am EST 

CGG SA:Targets net debt below $2.4 billion by end 2016 (net debt at end Q4 2015: $2.5 billion).Sees 2016 investments: $100/125 mln in industrials and multi-cash clients of $325/375 mln with prefunding rate >70 pct.  Full Article

CGG conducts airborne gravity and magnetic survey offshore Mexico
Monday, 22 Feb 2016 01:30am EST 

CGG SA:CGG conducts multi-client airborne gravity and magnetic survey offshore Mexico.‍Comision Nacional de Hidrocarburos (CNH) has authorized program, which will include acquisition of approximately 200,000 line kilometers over six areas across Mexican Gulf of Mexico​.‍Data acquisition will commence in March 2016 and is anticipated to take twelve months.  Full Article

CGG raises 350 million euros in capital increase
Wednesday, 3 Feb 2016 11:35am EST 

CGG SA:Says the final amount of its capital increase is ‍350,589,080.16 euros within the issue of 531,195,576 new shares.Says has more than $780 million in cash available to cope with crisis.Says BPIFrance and IFP Energies Nouvelles hold 10.62 percent as result of capital increase​.Says total demand reached 343 million euros and the rest is taken by a banks syndicate‍​.  Full Article

CGG awarded survey extension offshore Colombia
Wednesday, 3 Feb 2016 01:30am EST 

CGG SA:Awarded survey extension offshore Colombia.New survey follows on from the original over 16,000-km2 survey CGG conducted over portions of the Col-1 and Col-2 blocks.Extension is expected to start in February 2016.  Full Article

CGG launches 350 mln euro rights offering
Wednesday, 13 Jan 2016 01:48am EST 

CGG SA:Announces launch of about 350 million euro rights offering maintaining shareholders' preferential subscription rights as part of its transformation plan.‍Subscription ratio is 3 new shares for 1 existing share.‍Subscription price is 0.66 euros per new share​​.‍Each shareholder of CGG will receive one preferential subscription right for every share it holds as of close of trading on Jan. 13.‍Subscription period: Jan. 14 to Jan. 27 inclusive.  Full Article