Fugro Gets Marine Survey Job at Indonesia’s LNG and CCS Scheme
, where overcoming engineering challenges including slope stability, regional seismicity, subsea faulting and carbonate sediments will require a collaborative and informed approach.“With our expertise and solutions, we will be able to contribute to energy security in the region,” said Mark Heine, CEO of Fugro.The Abadi LNG project is based on an onshore LNG development scheme that INPEX is developing in partnership with PT Pertamina Hulu Energi Masela and PETRONAS Masela in Masela block.The project’s annual LNG production is expected to reach 9.5 million tons, equivalent to over
Fugro On Call for Italy’s Ecosystem Restoration Project
.“Our Geo-data for this transformative project will support the conservation and restoration of Italy's coastal and marine ecosystems for generations to come spearheading the drive towards a sustainable future for Italy's marine heritage, for a safer and more liveable world,” said Mark Heine, Fugro’s CEO
Fugro to Map Seabed Off Curaçao for Future Offshore Wind Farms
an existential reality. We are particularly happy to work closely with the Government of Curaçao to support their vision to lead in the production and export of green energy. Their ambition aligns strongly with our mission to contribute to a safe and liveable world”, said Fugro CEO Mark Heine. The long-term investment is partly financed by the Sustainable Energy Generation and Climate Transition Incentive fund from the Government of the Netherlands
New Working Group Aims to Unlock Private Sector Ocean Data
to developing the long-term sustainable solutions that we need to return to the clean, healthy, productive and resilient ocean. I am very grateful to the founding members of this group for engaging proactively with us in this movement and I know they will inspire many others to join.”Fugro CEO Mark Heine said, “It is heartening to have such high-calibre businesses answer the call to join this critical working group. As companies who actively collect and own a wide range of ocean data useful for the global science community, we have a unique opportunity to contribute to the Ocean Decade movement
ADIPEC: Fugro, AD Ports Pen Deal for Remote & Autonomous Tech Use in Middle East
exhibition in Abu Dhabi, Dutch firm Fugro and UAE's AD Ports Group signed an agreement that sets out combined goals to utilize remote and autonomous technologies in the region. The agreement was signed by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group and Mark Heine – Fugro CEO.The companies said that the would create a platform to implement remote and autonomous technology, and to create guidelines that will ensure the UAE is prepared to welcome, and benefit from, the use of latest industry advancements.The companies have been working together since
Fugro to Sell Seabed Geosolutions to PXGEO
; organization, Fugro said.The negative EBIT impact, related to the restructuring and associated costs, is estimated at EUR 8 to 10 million. Fugro will retain the Hugin Explorer vessel and potential liabilities and claims related to ongoing litigation, in line with previous disclosures.Mark Heine, Fugro CEO said he was pleased to announce the divestment, "which is a key priority on our 2021 management agenda."" [The divestment] represents the final step in our exit from deep seismic data collection, which does not fit our Path to Profitable Growth strategy. Our strategy is
Geelen Nominated as Fugro CFO
skills and a hands-on management style. Barbara will play a key role in the implementation of our Path to Profitable Growth strategy, with a particular focus on achieving our financial goals. She has the experience and drive to make a strong contribution to Fugro’s ongoing transformation.”Mark Heine, Fugro CEO, said, “I am confident that Barbara is the right person to further develop the finance function to continue to improve results, building upon the solid foundations that were put in place by Paul Verhagen.” Geelen said, “For me it’s exciting to join Fugro
Fugro, Sea-Kit in Uncrewed Surface Vessel Team-Up
for zero global emissions in the marine industry.The first USVs will be launched before the end of this year, and a larger USV model is being designed for delivery in 2021. These inspection-related USVs are being developed alongside Fugro’s range of USVs for hydrographic data acquisition.Mark Heine, Chief Executive Officer at Fugro, said: “We are excited to be partnering with SEA-KIT International to develop a range of USVs that will transform the marine industry. Together with other strategic alliances, this partnership represents a major acceleration to our strategy of leading the
Fugro Sees Margin Improvement in 2019
."Excluding the impact of increased working capital, cash flow was break-even, a significant improvement compared to 2017," the company said in a statement."We have benefited from the gradual recovery of the oil and gas market and the ongoing expansion of offshore wind," added CEO Mark Heine.As offshore wind, oil and gas and infrastructure markets continue to grow, the company expects positive cash flow from operating activities after investments in 2019.For 2019, Fugro also sees continued revenue growth and further improvement of its EBIT margin.It plans capital expenditure of around
February 2024
