CGG S.A. (“CGG”) announces that the Board of Directors has unanimously approved the voluntary delisting of its American Depositary Shares (“ADSs”) from the New York Stock Exchange (“NYSE”) and its voluntary deregistration with the United States Securities and Exchange Commission (“SEC”). CGG believes that the costs associated with continuing the listing and registration of its ADSs exceed the benefits received by CGG, as the primary market for CGG shares is Euronext Paris.
Natural gas projects will receive a significant investment boost over the coming years. This will enable gas to overtake oil as the world’s primary energy source in 2026, and account for a quarter of the world’s energy by mid-century.
Petrotechnics, the developer of Proscient - the hazardous industries’ first software platform for Operational Excellence (OE), has released part one of its 2018 Operational Risk and Process Safety Management Report, which explores how far the oil price downturn and knock-on budgetary squeezes are affecting safety performance.
Transocean Ltd. and Ocean Rig UDW Inc. that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig’s net debt.
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