CGG Open to Technip Partnership After Spurning Takeover Approach

By Tara Patel (Bloomberg) -- CGG SA Chief Executive Officer Jean-Georges Malcor said he would welcome a commercial partnership deal for seismic oil surveys with Technip SA, after spurning a takeover approach from the French oil-services provider four months ago. “We are open to an offer for a long-term services contract to carry out geoscience studies for Technip,” Malcor … [Read more...]

SPOTD: CGG’s Geo Coral Drags a Full Spread

The survey vessel MV Geo Coral is one of four C-class seismic survey vessels in CGG Veritas' global fleet and was contracted by BG Group to acquire seismic data offshore Tanzania in 2012 and 2013.  She is currently working offshore Angola. Capable of towing sixteen 8.5 km-long streamers in a spread 1km wide, it creates a huge footprint in the ocean and requires a significant … [Read more...]