Difference between revisions of "Fugro"

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'''Fugro N.V.''' is a [[Netherlands|Dutch]] [[Multinational corporation|multinational]] public company headquartered in [[Leidschendam]], the [[Netherlands]], that provides geotechnical, [[Hydrographic survey|survey]], subsea, and geoscience services for clients, typically [[Petroleum industry|oil and gas]], [[telecommunications cable]], and infrastructure companies.
 
'''Fugro N.V.''' is a [[Netherlands|Dutch]] [[Multinational corporation|multinational]] public company headquartered in [[Leidschendam]], the [[Netherlands]], that provides geotechnical, [[Hydrographic survey|survey]], subsea, and geoscience services for clients, typically [[Petroleum industry|oil and gas]], [[telecommunications cable]], and infrastructure companies.
  
Fugro’s 2014 revenues amounted to [[Euro|€]]2.6 billion; it is listed on [[NYSE]], [[Euronext]] Amsterdam, and is included in the [[AMX index]].<ref>{{cite web
+
Fugro’s 2014 revenues amounted to [[Euro|€]]2.6 billion; it is listed on [[NYSE]], [[Euronext]] Amsterdam, and is included in the [[AMX index]]. It has approximately 13,500 employees in over 70 countries. Mark Heine is CEO and Chairman of the Board of Management and Harrie L.J. Noy is Chairman of the Supervisory Board.
|title=Company profile – Fugro
 
|publisher = NYSE Euronext
 
|url=https://europeanequities.nyx.com/en/products/equities/NL0000352565-XAMS/company-information
 
|date= 27 September 2012
 
|accessdate =27 September 2012}}</ref> It has approximately 13,500 employees in over 70 countries. Mark Heine is CEO and Chairman of the Board of Management and Harrie L.J. Noy is Chairman of the Supervisory Board.<ref name="figures">{{cite web|title=Management and Supervisory Boards|url=https://www.fugro.com/about-fugro/corporate-governance/management-supervisory-boards#tabbed1|website=Fugro|accessdate=1 August 2018}}</ref>
 
 
==History==
 
==History==
Kornelis<ref>{{cite web|url=https://www.sec.gov/Archives/edgar/data/819541/000104746915005975/a2225110zex-3_24.htm|title=Articles of Incorporation of Fugro U.S., Inc.|publisher=US Securities and Exchange Commission|date=29 September 1970|accessdate=10 December 2016}}</ref> "Kees" Joustra<ref name="OurHistoryAndTimeline" /><ref>{{cite book|title=Earth Unlimited : Fugro 50 Years - What's Next|year=2012|isbn=978-90-9026719-7|publisher=Fugro N.V.|editor=Jan Daan Hillen}}</ref>{{efn|''Kees'' is a Dutch abbreviation of ''Kornelis''}} founded Fugro on 2 May 1962 as Ingenieursbureau voor ''Fu''nderingstechniek en ''Gro''ndmechanica, [[Dutch language|Dutch]] for "Engineering Company for Foundation technology and Soil Mechanics". In the wake of the [[1970s energy crisis]] the offshore business came to a standstill. This resulted in the acquisition of its main competitor, McClelland, into Fugro-McClelland in October 1987. Fugro has since vigorously pursued an active acquisition policy in order to obtain cutting-edge technology and increase its market share.<ref name="OurHistoryAndTimeline">{{cite web | title=Our History and Timeline|url=http://www.fugro.com/about-fugro/group-overview/our-history-and-timeline|website=Fugro|accessdate=8 April 2015}}</ref>
+
Kornelis "Kees" Joustra<ref name="OurHistoryAndTimeline" />{{efn|''Kees'' is a Dutch abbreviation of ''Kornelis''}} founded Fugro on 2 May 1962 as Ingenieursbureau voor ''Fu''nderingstechniek en ''Gro''ndmechanica, [[Dutch language|Dutch]] for "Engineering Company for Foundation technology and Soil Mechanics". In the wake of the [[1970s energy crisis]] the offshore business came to a standstill. This resulted in the acquisition of its main competitor, McClelland, into Fugro-McClelland in October 1987. Fugro has since vigorously pursued an active acquisition policy in order to obtain cutting-edge technology and increase its market share.
  
In April 1992, Fugro went public on the [[Amsterdam Stock Exchange]]. In 2003, Fugro bought Thales Geosolutions for €147.5 million, its largest acquisition to date.<ref>[http://www.sandandgravel.com/news/article.asp?v1=5315 Fugro set to acquire Thales GeoSolutions?], ''Dredging News Online'', 25 July 2003</ref> In September 2012, [[CGGVeritas]] acquired Fugro’s Geoscience Division for €1.2 billion.<ref>[http://www.cggveritas.com/default.aspx?cid=5488 Transforming CGGVeritas into a Leading Integrated Geoscience Company], ''CGGVeritas.com'', 24 September 2012</ref>
+
In April 1992, Fugro went public on the [[Amsterdam Stock Exchange]]. In 2003, Fugro bought Thales Geosolutions for €147.5 million, its largest acquisition to date. In September 2012, [[CGGVeritas]] acquired Fugro’s Geoscience Division for €1.2 billion.
  
In June 2014 the [[Australian Transport Safety Bureau]] (ATSB) awarded Fugro the contract to conduct the [[search for Malaysia Airlines Flight 370]], which disappeared on 8 March 2014. In August 2014 it awarded an additional contract for the deployment of two specialist vessels.<ref>{{Cite news|url = https://www.bloomberg.com/news/articles/2014-08-06/australia-awards-mh370-ocean-search-contract-to-dutch-firm-fugro|title = Fugro Wins Order to Scour Ocean for Vanished Malaysia Jet|author1 = Edward Johnson| author2 = Fred Pals |date = August 5, 2014|work = Bloomberg Business|access-date = }}</ref> The contract was worth [[AUD]]$39 million and lasted until August 2016. Fugro had around 200 employees and 3 search vessels dedicated to the search for MH370.<ref>{{Cite news|url = https://www.bloomberg.com/news/articles/2015-04-08/malaysian-air-team-still-hopeful-as-search-deadline-looms|title = Malaysian Air Team Hunts Missing Jet, Believing ‘Today’s the Day’|last = Fickling|first = David|date = April 8, 2015|work = Bloomberg Business|access-date = }}</ref><ref>{{Cite news|url = https://www.bloomberg.com/news/articles/2015-03-02/flight-370-search-funding-debate-set-for-april-as-no-debris-seen|title = MH370 Search Funds Debate Set for April as No Debris Seen|last = Fickling|first = David|date = March 1, 2015 | work = Bloomberg Business|access-date = }}</ref>
+
In June 2014 the [[Australian Transport Safety Bureau]] (ATSB) awarded Fugro the contract to conduct the [[search for Malaysia Airlines Flight 370]], which disappeared on 8 March 2014. In August 2014 it awarded an additional contract for the deployment of two specialist vessels. The contract was worth [[AUD]]$39 million and lasted until August 2016. Fugro had around 200 employees and 3 search vessels dedicated to the search for MH370.
  
Fugro purchased the Remote Observation Automated Modelling Economic Simulation (ROAMES) technology from [[Ergon Energy]] in 2014.<ref>{{cite web|url=http://www.spatialsource.com.au/2014/04/07/fugro-purchases-roames/|title=Fugro purchases ROAMES|publisher=Spatial Source|date=7 April 2014|accessdate=19 December 2015}}</ref><ref>{{cite web|url=https://www.ergon.com.au/about-us/news-hub/talking-energy/technology/tech-shortlisted-for-award|title=Tech shortlisted for award|publisher=Ergon Energy|date=17 March 2015|accessdate=19 December 2015}}</ref>
+
Fugro purchased the Remote Observation Automated Modelling Economic Simulation (ROAMES) technology from [[Ergon Energy]] in 2014.
  
In January 2015, [[Royal Boskalis Westminster]] increased its shareholdings in Fugro to 20.1%.<ref>[http://www.beurs.nl/opinie/markettalks/3634467/kans-stijgt-op-deal-fugro-subsea-en-boskalis-market-talk "Boskalis now owns 20% in Fugro"], ''OffshoreEnergyToday.com'', 12 January 2015</ref>
+
In January 2015, [[Royal Boskalis Westminster]] increased its shareholdings in Fugro to 20.1%.
 
==Organization==
 
==Organization==
Fugro is divided into three major business lines across five regions.<ref name="TeamFugro2014">{{cite web|title=Team Fugro|url=http://www.fugro.com/downloads/corporate/presentations/6-FCMD-Team_Fugro.pdf|publisher=Fugro, NV|accessdate=17 February 2014}}</ref> Each region is assigned a regional manager, who works with counterparts to develop regional strategies and improve collaboration across the regional lines.  This regional model is intended to standardize company practices regarding health, safety, environment, project management, and finance.
+
Fugro is divided into three major business lines across five regions. Each region is assigned a regional manager, who works with counterparts to develop regional strategies and improve collaboration across the regional lines.  This regional model is intended to standardize company practices regarding health, safety, environment, project management, and finance.
 
===Regions===
 
===Regions===
 
*Africa
 
*Africa
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*Middle East and India
 
*Middle East and India
 
===Business lines===
 
===Business lines===
Fugro has three major business lines:<ref name="capitalmarketsday2013">{{cite web|title=Capital Markets Day 2013|url=http://www.fugro.com/ir/rep2013.asp|publisher=Fugro, NV|accessdate=17 February 2014}}</ref>
+
Fugro has three major business lines:
*Geotechnical engineering – engineering analysis and consulting on the properties of rocks, soil and water onshore and offshore<ref>{{cite web|last=Rainey|first=Scott|title=Highlights Geotechnical Division, 2013|url=http://www.fugro.com/downloads/corporate/presentations/2-FCMD-Geotech.pdf|publisher=Fugro, NV|accessdate=17 February 2014}}</ref>
+
*Geotechnical engineering – engineering analysis and consulting on the properties of rocks, soil and water onshore and offshore
*Survey – [[Autonomous underwater vehicle|AUV]], marine construction support, geophysical survey, [[meteorology]], [[aerial mapping]], [[Global Positioning System|positioning]], survey vessels, [[oceanography]], satellite mapping, terrestrial [[surveying|surveys]], [[hydrography]]<ref>{{cite web|last=Heine|first=Mark|title=Highlights Survey Division, 2013|url=http://www.fugro.com/downloads/corporate/presentations/4-FCMD-Survey.pdf|publisher=Fugro, NV|accessdate=17 February 2014}}</ref>
+
*Survey – [[Autonomous underwater vehicle|AUV]], marine construction support, geophysical survey, [[meteorology]], [[aerial mapping]], [[Global Positioning System|positioning]], survey vessels, [[oceanography]], satellite mapping, terrestrial [[surveying|surveys]], [[hydrography]]
*Subsea – subsea inspection, repair, [[Remotely operated underwater vehicle|ROV]], subsea engineering<ref>{{cite web|last=Thomson|first=Steve|title=Highlights Subsea Division, 2013|url=http://www.fugro.com/downloads/corporate/presentations/3-FCMD-Subsea.pdf|publisher=Fugro, NV|accessdate=17 February 2014}}</ref>
+
*Subsea – subsea inspection, repair, [[Remotely operated underwater vehicle|ROV]], subsea engineering
 
In 2014, surveying accounted for the largest portion of Fugro's revenue (34%), followed by geotechnical (30%), and subsea services (24%). It also has a geosciences [[joint venture]] with [[CGG (company)|CGG]], which accounted for 12% of Fugro's revenue in 2014.<ref name="figures" />
 
In 2014, surveying accounted for the largest portion of Fugro's revenue (34%), followed by geotechnical (30%), and subsea services (24%). It also has a geosciences [[joint venture]] with [[CGG (company)|CGG]], which accounted for 12% of Fugro's revenue in 2014.<ref name="figures" />
  
Fugro also operates [[GNSS]] correction services, providing orbit and clock correction information for [[Global Positioning System|GPS]], [[GLONASS]], [[BeiDou Navigation Satellite System|BeiDou]] and [[Galileo (satellite navigation)|Galileo]] navigation and survey systems. These services are sold as Starfix for offshore applications,  [http://www.fugroseastar.com Seastar] (for [[dynamic positioning]]) and Marinestar (for general maritime applications).<ref>{{Cite web|url=https://www.fugro.com/our-services/marine-asset-integrity/satellite-positioning|title=Satellite positioning|website=www.fugro.com|language=en|access-date=2018-10-04}}</ref>
+
Fugro also operates [[GNSS]] correction services, providing orbit and clock correction information for [[Global Positioning System|GPS]], [[GLONASS]], [[BeiDou Navigation Satellite System|BeiDou]] and [[Galileo (satellite navigation)|Galileo]] navigation and survey systems. These services are sold as Starfix for offshore applications,  [http://www.fugroseastar.com Seastar] (for [[dynamic positioning]]) and Marinestar (for general maritime applications).
 
===Ships===
 
===Ships===
Fugro owns, operates or co-operates 21 survey ships,<ref>{{cite web|url=http://www.fugro.com/our-expertise/our-world/vessel/survey-vessels|title=Survey vessels|publisher=Fugro|accessdate=3 December 2015}}</ref> 19 ships for subsea work,<ref>{{cite web|url=http://www.fugro.com/our-expertise/our-world/vessel/subsea-vessels|title=Subsea vessels|publisher=Fugro|accessdate=3 December 2015}}</ref> and 7 geotechnical vessels.<ref>{{cite web|url=http://www.fugro.com/our-expertise/our-world/vessel/geotechnical-vessels|title=Geotechnical vessels|publisher=Fugro|accessdate=3 December 2015}}</ref>
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Fugro owns, operates or co-operates 21 survey ships, 19 ships for subsea work, and 7 geotechnical vessels.
  
 
These include:
 
These include:
Line 41: Line 36:
 
*[[MV Fugro Proteus|MV ''Fugro Proteus'']]
 
*[[MV Fugro Proteus|MV ''Fugro Proteus'']]
 
===Innovations===
 
===Innovations===
*1964 – Electric cone penetration<ref>{{cite book|last=Mayne|first=Paul|title=Cone Penetration Testing|year=2007|publisher=Transportation Research Board|isbn=9780309097840|page=13}}</ref><ref>{{cite web|url=http://wisdotresearch.wi.gov/wp-content/uploads/WisDOT-WHRP-project-0092-10-10-final-report.pdf|publisher=Wisconsin DOT|title=Cone Penetrometer Comparison Testing}}</ref><ref>{{cite book|last=Roy E|first=Hunt|title=Geotechnical Investigation Methods|year=2012|isbn=9781420042740}}</ref>
+
*1964 – Electric cone penetration
*1976 – WISON/WIP XP cone penetration test<ref>{{cite web|url=http://www.alluvial.co.uk/dsheets/dsheets/FEBV-GEN-BRO-020-Wison-XP-1-5m-stroke-pdf.pdf|title=WISON/WIP XP}}</ref>
+
*1976 – WISON/WIP XP cone penetration test
*1986 – Starfix satellite positioning<ref>{{cite book|last=O'Boyle|first=Edward J.|title=Personalist Economics: Moral Convictions, Economic Realities, and Social Actions|year=1988|publisher=Springer US|isbn=978-0792381464|page=92}}</ref><ref>{{cite web|url=http://ieeexplore.ieee.org/xpl/login.jsp?tp=&arnumber=195459&url=http%3A%2F%2Fieeexplore.ieee.org%2Fxpls%2Fabs_all.jsp%3Farnumber%3D195459|publisher=IEEE|title=STARFIX: commercial satellite positioning}}</ref>
+
*1986 – Starfix satellite positioning
*2012 – Inclinocam<ref>{{cite web|url=https://www.fugro.com/docs/default-source/media-centre-doc/fugro-magazines/cross-section-23.pdf|title=CrossSECTION 23}}</ref>
+
*2012 – Inclinocam
*2014 - Office Assisted Remote Services (OARS)<ref>{{Cite web|url=https://www.fugro.com/our-services/marine-asset-integrity/marine-asset-positioning/remote-positioning-oars|title=Office Assisted Remote Services (OARS)|website=www.fugro.com|access-date=2016-12-23}}</ref>
+
*2014 - Office Assisted Remote Services (OARS)
*2015 - 3Direct<ref>{{Cite web|url=http://www.fugro.com/our-services/marine-asset-integrity/monitoring-and-forecasting/3direct|title=3Direct real-time offshore structural monitoring|website=www.fugro.com|access-date=2016-12-23}}</ref>
+
*2015 - 3Direct
*2015 - NorthStar<ref>{{Cite web|url=http://www.fugro.com/our-services/marine-asset-integrity/monitoring-and-forecasting/northstar|title=NorthStar integrated management and advisory solution|website=www.fugro.com|access-date=2016-12-23}}</ref>
+
*2015 - NorthStar
*2016 - OceanStar<ref>{{Cite web|url=http://www.fugro.com/our-services/marine-asset-integrity/satellite-positioning/oceanstar|title=Oceanstar|website=www.fugro.com|access-date=2016-12-23}}</ref>
+
*2016 - OceanStar
  
 
==Related Links==
 
==Related Links==
Line 56: Line 51:
 
===Companies===
 
===Companies===
 
===Documents===
 
===Documents===
 
 
[[Category:Companies]]
 
[[Category:Companies]]

Revision as of 12:33, 22 May 2019

Fugro N.V. is a Dutch multinational public company headquartered in Leidschendam, the Netherlands, that provides geotechnical, survey, subsea, and geoscience services for clients, typically oil and gas, telecommunications cable, and infrastructure companies.

Fugro’s 2014 revenues amounted to 2.6 billion; it is listed on NYSE, Euronext Amsterdam, and is included in the AMX index. It has approximately 13,500 employees in over 70 countries. Mark Heine is CEO and Chairman of the Board of Management and Harrie L.J. Noy is Chairman of the Supervisory Board.

History

Kornelis "Kees" Joustra[1][lower-alpha 1] founded Fugro on 2 May 1962 as Ingenieursbureau voor Funderingstechniek en Grondmechanica, Dutch for "Engineering Company for Foundation technology and Soil Mechanics". In the wake of the 1970s energy crisis the offshore business came to a standstill. This resulted in the acquisition of its main competitor, McClelland, into Fugro-McClelland in October 1987. Fugro has since vigorously pursued an active acquisition policy in order to obtain cutting-edge technology and increase its market share.

In April 1992, Fugro went public on the Amsterdam Stock Exchange. In 2003, Fugro bought Thales Geosolutions for €147.5 million, its largest acquisition to date. In September 2012, CGGVeritas acquired Fugro’s Geoscience Division for €1.2 billion.

In June 2014 the Australian Transport Safety Bureau (ATSB) awarded Fugro the contract to conduct the search for Malaysia Airlines Flight 370, which disappeared on 8 March 2014. In August 2014 it awarded an additional contract for the deployment of two specialist vessels. The contract was worth AUD$39 million and lasted until August 2016. Fugro had around 200 employees and 3 search vessels dedicated to the search for MH370.

Fugro purchased the Remote Observation Automated Modelling Economic Simulation (ROAMES) technology from Ergon Energy in 2014.

In January 2015, Royal Boskalis Westminster increased its shareholdings in Fugro to 20.1%.

Organization

Fugro is divided into three major business lines across five regions. Each region is assigned a regional manager, who works with counterparts to develop regional strategies and improve collaboration across the regional lines. This regional model is intended to standardize company practices regarding health, safety, environment, project management, and finance.

Regions

  • Africa
  • America
  • Asia, Pacific and Australia
  • Europe
  • Middle East and India

Business lines

Fugro has three major business lines:

  • Geotechnical engineering – engineering analysis and consulting on the properties of rocks, soil and water onshore and offshore
  • Survey – AUV, marine construction support, geophysical survey, meteorology, aerial mapping, positioning, survey vessels, oceanography, satellite mapping, terrestrial surveys, hydrography
  • Subsea – subsea inspection, repair, ROV, subsea engineering

In 2014, surveying accounted for the largest portion of Fugro's revenue (34%), followed by geotechnical (30%), and subsea services (24%). It also has a geosciences joint venture with CGG, which accounted for 12% of Fugro's revenue in 2014.[2]

Fugro also operates GNSS correction services, providing orbit and clock correction information for GPS, GLONASS, BeiDou and Galileo navigation and survey systems. These services are sold as Starfix for offshore applications, Seastar (for dynamic positioning) and Marinestar (for general maritime applications).

Ships

Fugro owns, operates or co-operates 21 survey ships, 19 ships for subsea work, and 7 geotechnical vessels.

These include:

Innovations

  • 1964 – Electric cone penetration
  • 1976 – WISON/WIP XP cone penetration test
  • 1986 – Starfix satellite positioning
  • 2012 – Inclinocam
  • 2014 - Office Assisted Remote Services (OARS)
  • 2015 - 3Direct
  • 2015 - NorthStar
  • 2016 - OceanStar

Related Links

Biographies

Virtual Museum

Awards

Companies

Documents

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  2. Cite error: Invalid <ref> tag; no text was provided for refs named figures


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