What next for Fugro???

This topic has 16 replies, 11 voices, and was last updated 9 years, 6 months ago by jason laverty.

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November 1, 2014 at 1:42 pm #6992

Bacaruda
Participant

http://www.bloomberg.com/news/2014-10-29/fugro-falls-most-in-15-years-as-2014-dividend-may-be-scrapped.html

November 2, 2014 at 7:30 am #35746

Ray Shields
Participant

Remembering though that it is made up different divisions. Most of the losses have been by Geoscience, ROVs used to be part of Survey division but are now a division in their own right.

November 6, 2014 at 2:04 pm #35747

John Bridgett
Participant

Remembering though that it is made up different divisions. Most of the losses have been by Geoscience, ROVs used to be part of Survey division but are now a division in their own right.

If they got rid of their Achilles heel, the FCVs they might do ok.

November 7, 2014 at 5:08 pm #35748

James McLauchlan
Participant

I suspect FSSL has performed well overall as there has been mention in the press of Fugro increasing it’s subsea IRM capability going forward. It’s the other divisions that have been tanking from what I can gather.

November 8, 2014 at 12:44 pm #35749

Damian McCormack
Participant

As Market Conditions Deteriorate, Boskalis Acquires Stake in Fugro

November 10, 2014 at 12:03 am #35750

phil
Participant

Maybe this is why theyre charging rov applicants thousands of dollars for the ‘possible’ opportunity to gain employment

November 10, 2014 at 12:22 pm #35745

Ray Shields
Participant

You are talking specifically about Fugro Middle East who are now selling their ROV training course, same as Subnet, Fort William, etc.

Except there is a chance if a job at the end of the course with them.

November 11, 2014 at 10:51 am #35744

Damian McCormack
Participant

A bit more positive then previous report.

Fugro Looks to Discuss Subsea Partnership, Shares Bounce

November 11, 2014 at 2:30 pm #35743

liddelljohn
Participant

Fugro ME called me last week asking if i would Supervise a panther for 8 weeks for $700 a day in Qatar

told them to suck on it , last time i worked for them it was a total mess ,, bad food ,bad attitudes , and bad equipment , no spares no backup a horrible company .

November 11, 2014 at 4:53 pm #35742

Roy Simson
Participant

This has been going on for years its funny in a way because they have lots of work on but they will not pay the going rate .
But the office staff do get very upset when you tell them that many other company’s are paying more for Supervisors .
Who remembers when Neptune were paying $1000 USD for Swift Supervisors in the Middle East .

Due to the fall of oil prices I think day rates will drop and more ways to save money will be found like cutting the size of crews . Which bring us back to the first question that agency’s will ask you " Whats Your Rate " Even before they give you any project details .

Raptor

June 15, 2015 at 11:27 am #35751

Bacaruda
Participant

Not good news for the Fugro guy’s this morning 🙁

June 15, 2015 at 3:48 pm #35752

Savante
Participant

what do you know bara?

June 15, 2015 at 5:18 pm #35753

Ray Shields
Participant

Fugro subsea in Aberdeen announce that due to market conditions they are planning on reducing their vessel and ROV fleet as well as approximately 95 redundancies of staff, both onshore and offshore.

June 15, 2015 at 6:47 pm #35754

Savante
Participant

eurgh.

June 16, 2015 at 11:12 am #35755

Peter Measures
Participant

I heard Boskalis are trying to buy Fugro’s subsea division, as they already own a good percentage of Fugro shares.
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