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/

Norton Rose Fulbright expands Middle East and Africa energy offering with new partner hire

Friday 08 May 2026 09:15

Global law firm Norton Rose Fulbright has strengthened its Middle East and Africa energy, infrastructure and natural resources offering with the appointment of Remy Lerner, who will join the firm’s Dubai office following a short transitional period in Paris.

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