Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  CGG    CGG   FR0013181864

CGG (CGG)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

CGG VERITAS : CGGVeritas Eidesvik Ship Management AS Appoints General Manager

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/06/2011 | 04:33pm CEST

Bergen, 6 December 2011

CGGVeritas and Eidesvik Offshore ASA have confirmed that Arnstein Øvsthus has been appointed as General Manager of their ship management joint venture, CGGVeritas Eidesvik Ship Management AS. Arnstein Øvsthus will take up his duties on 1st February 2012.

With over 30 years of wide-ranging experience in the offshore and shipping industries, Arnstein Øvsthus brings a wealth of maritime expertise to CGGVeritas Eidesvik Ship Management that will continue to enhance the CGGVeritas fleet's performance. Mr. Øvsthus previously worked for GC Rieber Shipping AS, most recently holding the positions of COO, with direct responsibility for all vessel operations in the GC Rieber Shipping Group, and Managing Director of the group's ship management services in Bergen.

The joint venture, dedicated to operating the high-end seismic vessels in the CGGVeritas fleet, is now fully operational. It has been joined by highly experienced professionals from both companies and all 10 high-end CGGVeritas vessels scheduled to be managed by the joint venture have now been transferred. The joint venture was created to share the operational constraints of seismic operations and achieve maritime operational excellence through reduced maritime downtime, better targeted maintenance, improved information flow and the sharing of best practices and joint systems.

Jan Fr. Meling, CEO of Eidesvik and Chairman of the Board of CGGVeritas Eidesvik Ship Management, said: "The establishment of the organization in Bergen strengthens Eidesvik's position as a leading international marine partner. The new company will enforce an even more seamless operation offshore."

Benoît Ribadeau-Dumas, Executive Vice President, Marine, CGGVeritas, said: "CGGVeritas Eidesvik Ship Management is a key component of our marine performance plan. Having a team dedicated to maritime expertise in Bergen will bring significant added value and support the operational excellence of the CGGVeritas seismic fleet."

About CGGVeritas

) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.

Contacts

CGGVeritas Eidesvik Ship Management
Jan Fredrik Meling
Tel: +47 91 67 51 19
Email: janfredrik.meling@eidesvik.no

Media Relations
Sara Pink-Zerling
Tel: + 33 (1) 64 47 38 83
Email: sara.pink-zerling@cggveritas.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CGG
03/27 CGG VERITAS : announces its Maritime Exposure
03/27 CGG : announces its Maritime Exposure: Liabilities management & New ownership Se..
03/24 CGG : Charter rate reduction of CGG's operated fleet: Agreement in principle wit..
03/23 CGG : Patent Issued for Method and System for Augmenting Frequency Range of Conv..
03/14 CGG VERITAS : Reduction of Oceanic Champion vessel charter cash costs
03/14 CGG : Reduction of Oceanic Champion vessel charter cash costs and related issuan..
03/14 CGG : Reduction of Oceanic Champion vessel charter cash costs and related issuan..
03/07 CGG VERITAS : GeoSoftware Donates HampsonRussell Software to University of Texas
03/03 CGG VERITAS : 2016 Q4 & Full-Year Results
03/03 CGG : CGG Announces its 2016 Fourth Quarter & Full-Year Results
More news
Sector news : Oil Related Services
03/24 HALLIBURTON : warns of first-quarter profit miss as costs rise
03/09 U.S. shale firms lift reserves while oil majors take Canada hit
03/02 European shares end flat, Melrose and Subsea impress
02/24DJMARKET SNAPSHOT : Dow Poised To Snap Record-setting Streak, As Stock Futures Slu..
02/24DJMARKET SNAPSHOT : Dow Poised To Snap Record-setting Streak, As Stock Futures Slu..
More sector news : Oil Related Services
News from SeekingAlpha
03/03 CGG's (CGG) CEO Jean-Georges Malcor on Q4 2016 Results - Earnings Call Transc..
03/03 CGG 2016 Q4 - Results - Earnings Call Slides
03/03 CGG reports Q4 results
01/11 ENERGY/MATERIALS - TOP 5 GAINERS / L : 20 pm
01/05 ENERGY/MATERIALS - TOP 5 GAINERS / L : 00 pm
Advertisement
Financials ($)
Sales 2017 1 254 M
EBIT 2017 -127 M
Net income 2017 -345 M
Debt 2017 2 501 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 2,11x
EV / Sales 2018 1,95x
Capitalization 149 M
More Financials
Chart CGG
Duration : Period :
CGG Technical Analysis Chart | CGG | FR0013181864 | 4-Traders
Full-screen chart
Technical analysis trends CGG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 15
Average target price 6,30 $
Spread / Average Target -5,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jean-Georges Malcor Chief Executive Officer & Director
Rémi Dorval Chairman
Pascal Rouiller Group COO & Senior Executive VP-Equipment
Stéphane-Paul Frydman Chief Financial Officer & Senior Executive VP
Loren K. Carroll Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CGG-54.49%149
SUBSEA 7 SA19.40%5 037
OFFSHORE OIL ENGINEERI..2.30%4 844
VERESEN INC9.91%3 362
AMEC FOSTER WHEELER PL..13.72%2 565
SAPURAKENCANA PETROLEU..--.--%2 535
More Results