CGG anticipates 3Q19 revenue above US$350 million

Published by Nicholas Woodroof, Editor
Oilfield Technology, Tuesday, 03 September 2019 14:00

CGG expects its 3Q19 segment revenue to be above US$350 million, based on strong multi-client sales in the range of US$160 million (including transfer fees) and steady demand for geoscience technology and equipment.

Based on these estimates and considering current solid commercial outlook, CGG is raising its full-year 2019 guidance. The company's 2019 segment revenue is expected to increase by more than 10% y/y with segment EBITDAs margin around 50% and segment operating income around US$200 million.

As a result, CGG is expecting to generate positive Net Cash Flow this year, for the first time since 2012.

Read the article online at: https://www.oilfieldtechnology.com/exploration/03092019/cgg-anticipates-3q19-revenue-above-us350-million/

New commercial oil discoveries in Brage Field, Norway

Thursday 28 August 2025 14:00

Rex International Holding Ltd, together with its subsidiaries, is pleased to share that new commercial oil discoveries have been made in the Talisker exploration well in the Brage Field, in which Rex’s indirect subsidiary Lime Petroleum AS (LPA) holds a 33.8434% interest.

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