Press releases

19th Dec 2017

Seabed Geosolutions secures 3D and 4D ocean bottom node contracts offshore Trinidad and West Africa

Seabed Geosolutions has been awarded a 3D ocean bottom node (OBN) seismic acquisition project over the greater Angostura field in shallow waters, offshore Trinidad for BHP, and a 4D OBN project for Shell Nigeria Exploration and Production Company. The combined awards are valued at around US $60 million.

14th Dec 2017

Fugro shareholders adopt all resolutions at EGM

At today's extraordinary general meeting, Fugro’s shareholders appointed Øystein Løseth as member of the Board of Management. He will join the Board on 1 January 2018. After a transition period he will succeed the current CEO and Chairman of the Board of Management, Paul van Riel, who will step down as planned at the annual general meeting on 26 April 2018.

30th Nov 2017

Divestment non-core trenching and cable laying business finalised

Today, Fugro has finalised the divestment of its non-core trenching and cable laying business to Global Marine Group (GMG), a global, leading supplier of subsea cable installation and maintenance services.

30th Oct 2017

Fugro successfully places EUR 100 million subordinated convertible bonds – final terms

Further to the pricing announcement earlier today, Fugro N.V. (“Fugro”), announces the final pricing terms of its offering (the “Offering") of EUR 100 million subordinated unsecured convertible bonds due 2024 (the “Bonds").

30th Oct 2017

Fugro successfully places EUR 100 million subordinated convertible bonds

Fugro N.V. (“Fugro”), the world’s leading, independent provider of geo-intelligence and asset integrity solutions for large buildings, industrial facilities, infrastructure and natural resources, announces today the successful placement of its offering (the “Offering") of EUR 100 million subordinated unsecured convertible bonds due 2024 (the “Bonds").

30th Oct 2017

Fugro announces offer of EUR 100 million subordinated convertible bonds

Fugro NV (“Fugro”), the world’s leading, independent provider of geo-intelligence and asset integrity solutions for large buildings, industrial facilities, infrastructure and natural resources, announces today an offer (the “Offering") of EUR 100 million subordinated unsecured convertible bonds due 2024 (the “Bonds").

30th Oct 2017

Trading update Q3 2017

Low single digit EBIT margin in a stabilising oil and gas market

16th Oct 2017

Fugro will nominate Øystein Løseth as member of the Board of Management and CEO

Fugro’s current CEO, Paul van Riel, will retire as planned at the end of his term at the Annual General Meeting on 26 April 2018. The Supervisory Board of Fugro has decided to nominate Mr. Øystein Løseth for appointment as member of the Board of Management and subsequently as CEO. For that purpose, an Extraordinary General Meeting will be held on 14 December 2017.

12th Oct 2017

Fugro divests non-core trenching and cable laying business to Global Marine Group

Fugro and Global Marine Holdings LLC have signed an agreement under which GMG will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24% in the combined business valued at US$ 65 million, and a one year secured vendor loan of US$ 7.5 million.

3rd Aug 2017

HY 2017: Slower than anticipated bottoming out of oil and gas market impacts results

Growth in building & infrastructure and power segments