Fugro has entered into an agreement to acquire CGG’s 40% shareholding in Seabed Geosolutions and to terminate the Seabed Geosolutions’ joint venture agreement effective December 30, 2019 in exchange for a cash consideration of USD 35 million, paid by CGG before year-end 2019. The proceeds will be used to lower Fugro’s outstanding debt position and strengthen Seabed Geosolutions’ balance sheet.
Shane Guidry, CEO of Harvey Gulf International Marine has announced the purchase of Harvey’s 30 percent ownership in Quality Liquefied Natural Gas Transport (QLNG). The CEO previously owned 70 percent of QLNG with Harvey and now controls 100 percent.
Rystad Energy’s base-case production profile for the Perth Basin in Western Australia has it reaching a peak gas production rate of over 400 million cubic feet per day (MMcfd) by about 2024, surpassing that of South Australia’s once mighty Cooper Basin.
Leading Aberdeen engineering outfit, Balmoral Group, has invested a six-figure sum in Blaze Manufacturing Solutions Ltd taking a 70% stake in the Aberdeenshire-based company.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.