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Welcome to our dedicated page for CGG news (Ticker: CGG), a resource for investors and traders seeking the latest updates and insights on CGG stock.

CGG (www.cgg.com) is a global technology leader, specializing in providing cutting-edge data, products, services, and solutions in the realms of Earth science, data science, and sensing and monitoring. Headquartered in Paris, France, CGG is renowned for its high-performance computing (HPC) capabilities, supporting clients in efficiently addressing complex challenges across digital transformation, energy transition, natural resource management, environmental sustainability, and infrastructure development.

Employing approximately 3,400 people worldwide, CGG is listed on the Euronext Paris SA (ISIN: 0013181864). The company’s diverse portfolio is designed to deliver robust and reliable solutions tailored to meet the evolving needs of its clientele, ensuring maximum productivity and reduced downtime even in the harshest environments.

In a notable recent development, Sercel, CGG's Sensing & Monitoring division, announced its first major sale of the 528™ cable-based land acquisition system to the Turkish Petroleum International Corporation (TPIC). This advanced system, comprising 8,000 channels, will be deployed in a 3D seismic survey in Turkey’s challenging semi-arid terrain, with the survey slated to commence in Q3 2024. The 528™ system, known for its lightweight and low power consumption, exemplifies Sercel’s commitment to enhancing client ROI through innovative technology.

CGG's recent financial news highlights robust performance with first-quarter 2024 segment financial results showcasing substantial progress. Adjusted for non-recurring charges and gains, the financial statements reflect the company's strategic investments and operational efficiency.

For more details on CGG’s AI Cloud offering and other solutions, visit their official website. Stay updated with the latest news and developments to understand how CGG is shaping the future of technology and sustainability.

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Viridien announced changes to its governance structure, with the temporary unification of Chairman and CEO roles under Sophie ZURQUIYAH, effective April 30, 2025. Philippe SALLE will transition from his current Chairman position to become Lead Director and Vice-Chairman, subject to mandate renewal at the April 2025 General Meeting. This unified governance structure will remain in place until the 2026 General Meeting.

The reorganization comes as the company completes its transformation strategy, aiming for more agile governance aligned with its ambitions. ZURQUIYAH, who has served as CEO since 2018, will assume the combined role for a transitional period. The Board is already planning to restore separate governance positions in 2026.

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Viridien, a French company, has disclosed its voting rights and share information as of November 30, 2024. The company reports 7,161,465 total issued shares, with 7,186,756 actual voting rights and 7,187,005 theoretical voting rights. The difference in voting rights stems from the company's policy where treasury shares have no voting rights, while registered shares held for more than two years possess double voting rights. This disclosure is made in compliance with French Commercial Code and AMF regulations.

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As of October 31, 2024, Viridien reports its updated share and voting rights information. The company has a total of 7,161,465 issued shares, with 7,187,110 actual voting rights and 7,187,359 theoretical voting rights. The difference in voting rights is due to the company's share structure, where registered shares held for more than two years have double voting rights, while treasury shares have no voting rights. This disclosure is made in compliance with French regulatory requirements.

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Viridien announced changes to its Board of Directors. Helen LEE BOUYGUES resigned as Director on September 11, 2024, to pursue new responsibilities. The Board co-opted Amélie OYARZABAL as new independent Director on October 31, 2024, serving until the end of 2027. OYARZABAL joins the Audit & Risk Management Committee and New Businesses and M&A Committee. Sophie ZURQUIYAH will serve as interim Chairman of the New Businesses and M&A Committee. OYARZABAL brings 25 years of financial advisory experience, including 16 years as Partner at Lazard Frères and current role as Managing Director at Greenhill & Co's French office.

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Viridien reported Q3 2024 results with revenue of $246M and adjusted EBITDA of $98M. The company's Digital, Data and Energy Transition (DDE) segment showed strong performance in Geoscience with 32% revenue growth and 91% increase in order intake. Earth Data saw weaker after-sales but increased prefunding from the Laconia project. Sensing & Monitoring revenue declined 51% due to absence of mega crew systems. The company maintains its 2024 financial objectives, with revenue expected in line with 2023, positive EBITDA impact from business mix, and Earth Data cash Capex projected at $230-250M.

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Viridien and SLB have completed a new multi-client survey in the Bonaparte Basin, offshore Australia, covering approximately 6,760 sq km. The ultramodern PSDM seismic data acquisition, which received industry support and prefunding, aims to evaluate this prospective yet underexplored area. The final processed data will be available in Q2 2025.

The survey addresses historical imaging challenges in this complex geological area, characterized by carbonates and shallow water. The project utilized Sercel Sentinel MS multi-component streamers and the Sercel QuietSea marine mammal monitoring system. Notably, the survey area partially covers a recently awarded carbon storage block, permit G-13-AP.

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Viridien, previously known as CGG, has announced that it will release its third quarter 2024 financial results on Thursday, October 31st, 2024, after the market closes. The company will make the press release and presentation available on its website www.viridiengroup.com at 5:45 pm (CET).

An English language analysts conference call is scheduled for the same day at 6:00 pm (CET). Interested participants can register for the call to receive dial-in information or join via live webcast. A replay of the conference call will be accessible on the company's website for 12 months following the event.

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Viridien, a French société anonyme with a share capital of €7,161,465 and registered office in Massy, France, has released information on its total number of voting rights and shares as of September 30, 2024. This disclosure is in compliance with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulation.

Key figures reported:

  • Total number of issued shares: 7,161,465
  • Number of actual voting rights: 7,187,374
  • Number of theoretical voting rights: 7,187,623

The company notes that all shares have equal voting rights, except for treasury shares (which have no voting rights) and registered shares held for over two years (which have double voting rights). The theoretical voting rights calculation includes shares with single or double voting rights, including non-voting treasury shares.

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Viridien has been awarded a comprehensive remote sensing program by Minerals Development Oman (MDO) to identify, map, and rank mineralization prospectivity potential across seven concessions, covering 16,000 km² in Oman. The project aims to support MDO's strategic development of Oman's mineral resources.

Viridien will utilize machine learning, high-performance computing, and advanced processing algorithms to create innovative Bare Earth Plus models. These will be integrated with structural, airborne geophysical, and gamma-ray spectrometry data to identify mineral potential in the Samail and Masirah Ophiolites.

This collaboration underscores MDO's commitment to incorporating AI tools and cutting-edge solutions into their exploration and mining operations. Viridien's expertise in remote sensing and integrated Minerals & Mining solutions aims to support more efficient and accurate decision-making throughout the mining lifecycle.

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Viridien, a French société anonyme with a share capital of €7,161,465, has released information on its total number of voting rights and shares as of August 31, 2024. The company, registered in Evry with Trade and Companies Register number 969 202 241, reported the following data:

Total number of issued shares: 7,161,465
Number of actual voting rights: 7,186,256
Number of theoretical voting rights: 7,186,505

The company notes that all shares have the same voting rights, except for treasury shares (which have no voting rights) and registered shares held for more than two years (which have double voting rights). The theoretical voting rights calculation includes shares with single or double voting rights, including treasury shares deprived of voting rights.

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FAQ

What does CGG specialize in?

CGG specializes in Earth science, data science, and sensing and monitoring, providing advanced technology solutions and high-performance computing services.

Where is CGG headquartered?

CGG is headquartered in Paris, France.

What is Sercel's 528™ system?

Sercel's 528™ system is an advanced cable-based land acquisition system designed for 3D seismic surveys, known for its lightweight and low power consumption.

Who recently purchased the 528™ system?

The Turkish Petroleum International Corporation (TPIC) recently purchased the 528™ system for a 3D seismic survey in Turkey.

How many employees does CGG have?

CGG employs approximately 3,400 people worldwide.

On which stock exchange is CGG listed?

CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

What kind of challenges does CGG help its clients address?

CGG helps its clients address challenges related to digital transformation, energy transition, natural resource management, environmental sustainability, and infrastructure development.

What recent financial performance has CGG reported?

CGG reported substantial progress in the first-quarter 2024 segment financial results, showcasing the company’s strategic investments and operational efficiency.

When is the 3D seismic survey using the 528™ system expected to start?

The 3D seismic survey using the 528™ system is expected to start in Q3 2024.

Where can more information about CGG's offerings be found?

For more information about CGG’s offerings, visit their official website at www.cgg.com.

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