Gas Market Outlook News

Fugro report first half-year revenue of EUR 1,186.9 million compared to EUR 1,167.9 million in first half of 2013. Year-on-year revenue growth at constant currencies of 6.2% or 7.9% excluding multi-client seismic surveys. Non-cash impairments and one-off write-offs of EUR 346.6 million due to weak results and the more challenging oil and gas market outlook. This was mostly related to the Geoscience division. EBIT margin, excluding non-cash impairments and one-off write-offs, was 2.1% which is significantly below last year. This was mainly due to poor performance across all divisions in the first quarter and continued losses in the Geoscience division in the first half year.

Leaders representing their governments and the international energy community will come together later this year to tackle key challenges and examine the role for gas in the future energy mix at Gastech 2012, to be held October 8-11, 2012, in London. The Gastech 2012 Conference Program will highlight the major issues defining what has been termed the ‘Golden Age for Gas,’ with key technical and commercial sessions. Led by the most influential business leaders and engineering experts from across the supply chain…