CGGVeritas Acquires Fugro’s Geoscience Division, The Netherlands

Fugro N.V. and CGGVeritas announced today that they have signed an agreement under which CGGVeritas will acquire Fugro’s Geoscience division, excluding the multi client library and Ocean Bottom Nodes business, for a total cash consideration of EUR 1.2 billion. The transaction is a result of Fugro’s review of all options regarding its marine streamer seismic […]

Shearwater wraps up seismic fleet expansion through CGG deal

Marine geophysical services provider Shearwater GeoServices has completed a transaction with CGG including the takeover of five seismic vessels and the five-year capacity agreement for marine seismic acquisition services. Image courtesy of CGG Image courtesy of CGG Shearwater initially signed a binding term-sheet with CGG for a strategic partnership for marine seismic acquisition services and […]