Latest news with #Fugro
Yahoo
2 days ago
- Business
- Yahoo
Petrobras Taps Fugro for Critical Subsea Inspection Contracts
Petróleo Brasileiro S.A. - Petrobras PBR recently announced its tender results and awarded four multi-year contracts to Fugro, a long-term collaborator known for its technological expertise in subsea inspection and monitoring. These contracts, set to begin in the fourth quarter of 2025, will ensure safe and efficient oversight of Petrobras' critical subsea infrastructure in Brazil, while also aligning with its vision for a responsible and resilient energy future. The contracts will utilize four dedicated vessels — two operated by Fugro and two by its partners — equipped with state-of-the-art remotely operated vehicles (ROVs). This innovative technique will help shift personnel from offshore sites to office-based environments, improving efficiency and allowing real-time data analysis for quicker, more informed decision-making. This collaboration expands the use of Fugro's remote operations capabilities, including remote ROV piloting, which was successfully pioneered together by Petrobras and Fugro in 2023 from the Fugro Aquarius. This innovative approach not only boosts operational safety by reducing offshore personnel exposure but also supports faster, data-driven decision-making through real-time analytics. Valued at approximately $340 million over four years, these contracts represent both continuity and evolution. Out of the four contracts, three will be renewals of the existing contracts that are set to expire later this year with improved terms, and one will be an entirely new engagement. This significant milestone reinforces Fugro's long-standing partnership with Petrobras, built on a shared history of leveraging advanced survey technologies and underwater robotics to drive responsible energy development in the region. It also aligns with Fugro's strategy of pursuing recurring revenues as a key driver of long-term, sustainable value. Petrobras' selection of Fugro reaffirms confidence in its ability to deliver critical services reliably and safely. This project, which was included in Fugro's 12-month backlog (as of March 2025), further strengthens its strategic agenda to foster innovation, ensure asset integrity and reinforce leadership in Brazil's offshore development. Headquartered in Rio de Janeiro, Petroleo Brasileiro S.A., or Petrobras S.A., is the largest integrated energy firm in Brazil and one of the largest in Latin America. Currently, PBR has a Zacks Rank #3 (Hold). Investors interested in the energy sector might look at some better-ranked stocks like BKV Corporation BKV, Subsea 7 S.A. SUBCY and Oceaneering International, Inc. OII. While BKV and Subsea 7 currently sport a Zacks Rank #1 (Strong Buy) each, Oceaneering carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. BKV Corporation is an energy company that produces natural gas from its owned and operated upstream businesses. The Zacks Consensus Estimate for BKV's 2025 earnings indicates 338.18% year-over-year growth. Subsea 7 operates as an engineering, construction and services contractor to the offshore energy industry worldwide. The Zacks Consensus Estimate for SUBCY's 2025 earnings indicates 95.52% year-over-year growth. Houston, TX-based Oceaneering is one of the leading suppliers of offshore equipment and technology solutions to the energy industry. The Zacks Consensus Estimate for OII's 2025 earnings indicates 57.02% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Subsea 7 SA (SUBCY) : Free Stock Analysis Report BKV Corporation (BKV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
10-06-2025
- Business
- Yahoo
Fugro N.V. (AMS:FUR) most popular amongst individual investors who own 50% of the shares, institutions hold 47%
The considerable ownership by individual investors in Fugro indicates that they collectively have a greater say in management and business strategy 49% of the business is held by the top 25 shareholders Recent sales by insiders AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To get a sense of who is truly in control of Fugro N.V. (AMS:FUR), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 50% to be precise, is individual investors. Put another way, the group faces the maximum upside potential (or downside risk). Meanwhile, institutions make up 47% of the company's shareholders. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Let's take a closer look to see what the different types of shareholders can tell us about Fugro. See our latest analysis for Fugro Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Fugro already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Fugro's historic earnings and revenue below, but keep in mind there's always more to the story. We note that hedge funds don't have a meaningful investment in Fugro. Looking at our data, we can see that the largest shareholder is NN Group N.V, Asset Management Arm with 15% of shares outstanding. For context, the second largest shareholder holds about 4.0% of the shares outstanding, followed by an ownership of 3.2% by the third-largest shareholder. A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own some shares in Fugro N.V.. The insiders have a meaningful stake worth €46m. Most would see this as a real positive. It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently. With a 50% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Fugro. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Take risks for example - Fugro has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
02-06-2025
- Business
- Trade Arabia
Fugro secures gas field development deal in Southeast Asia
Fugro has signed a letter of award to perform a site characterisation programme for a deepwater gas field development in Southeast Asia. This significant award represents the largest geotechnical and geophysical survey project for Fugro in the Asia Pacific region to date, reflecting the positive momentum of deepwater developments in the region, the company said. This complex project builds on a combination of Fugro's onshore, nearshore and offshore geophysical and geotechnical survey services. Geo-data acquisition is scheduled to commence in the third quarter of 2025, with fieldwork estimated to last approximately one year. Detailed testing and consulting deliverables will continue into 2027. Supporting site planning and engineering design, the resulting ground model will be made available to project owners in near real-time, to facilitate faster decision-making by project engineers and improved collaboration with stakeholders including regulatory agencies.
Yahoo
15-05-2025
- Business
- Yahoo
Mark Heine, CEO and Chairman of Fugro, Presented with the 2025 Holland on the Hill Freddy Heineken Award
Mr. Mark Heine, CEO of Fugro receives the Freddy Heineken Award Washington, D.C., May 15, 2025 (GLOBE NEWSWIRE) -- Mr. Mark Heine, the CEO and Chairman of the Board of Fugro, is the recipient of the 2025 Holland on the Hill Freddy Heineken Award. The award is named for Freddy Heineken and honors an entrepreneur who has made a substantial impact to the economic ties between the Netherlands and the United States. The Holland on the Hill Freddy Heineken Award is co-organized by the Embassy of the Kingdom of the Netherlands, the U.S. Congressional Caucus of the Kingdom of the Netherlands, and the Netherland-America Foundation. Fugro, a Dutch multinational company that specializes in Geo-data acquisition, is a pioneer in mapping, modelling, and monitoring the Earth's surface and subsurface. Heine leads Fugro's more than 11,000 employees in 52 countries. In the United States, Fugro employs 1,400 people in 17 locations in Maryland, Virginia, Florida, Texas, Louisiana, South Dakota, and California. Heine has been with the company for nearly 25 years. Under his leadership, Fugro has transitioned from focusing primarily on the oil and gas sector to offering a diverse portfolio of services across the energy, infrastructure, and water markets. By leveraging advanced techniques in mapping, modelling, and monitoring Geo-data, Fugro empowers its clients to make informed decisions, helping to reduce risk and uncertainty in both the built and natural environment. In the US, Fugro's work takes many forms. For example, after Hurricane Helene hit areas in Florida and Georgia in 2024, Fugro used high-definition aerial images to map the impact of the storm. The company is also working with the Florida Department of Environmental Protection to map the state's seafloor to improve coastal resilience. In Kentucky, Fugro performed a geotechnical study to support the site investigation for a new bridge in Ballard County. And in Michigan, the company is surveying and evaluating the geophysical conditions for the construction of twin small modular reactors for an existing nuclear power plant. Upon receiving the award, Mr. Heine said, 'At Fugro, we see infrastructure as essential to how societies function and evolve. It influences how we live, how we grow, and how we recover from disruption. Whether guided by established policy or new federal investment, our focus is constant: to ensure every dollar spent delivers lasting value, resilience, and opportunity.' The award was presented to Mr. Heine by Dutch Ambassador Birgitta Tazelaar and Ms. Fien Bertrams, Senior Vice President Heineken USA. Freddy Heineken came to the United States in the 1940s to expand Heineken's market. Combining his Dutch business skills with American marketing techniques, Freddy Heineken built the foundation of what is today a global brand. Ambassador Tazelaar said, 'As CEO of Fugro, Mark Heine represents one of the leading Dutch companies that actively invest in the US. Together, those Dutch companies support more than 1 million American jobs. Fugro is but one shining example of Dutch companies bringing its expertise to bear on this side of the Atlantic, and for that we are grateful.' The Holland on the Hill Heineken Award ceremony took place as part of the Netherland-America Foundation's Ambassadors' Award program. Members of Congress who are also members of the Dutch Caucus including Representative Jonathan Jackson (D-IL-1), and Representative Beth van Duyne (R-TX-24) attended the event. Earlier in the evening, Mr. Heine participated in a panel discussion on 'Future Proof Infrastructure.' The speakers from the public and private sectors noted that increasing energy production and manufacturing in the United States will require increased sustainability of our infrastructure. Heine's remarks underscored that 'future proof' is not a buzzword but a mandate. He stated, 'Infrastructure is more than the roads and bridges we drive on. It's integrated systems, electrical grids, and energy pipelines. These systems are being tested by natural disasters. Future proofing our infrastructure is a proactive and necessary approach to develop solutions to adapt to today's challenges to our environment.' Mr. Heine joins an illustrious group of business leaders presented with the Holland on the Hill Freddy Heineken Award, including: Stu Sjouwerman of KnowBe4 in 2024, Klaas van Lookeren Campagne of CitizenM in 2023, Richard DeLuca Jr., of Merck in 2022, Peter Oosterveer, of Arcadis in 2021, Michelle Browdy of IBM in 2020, Alexander R. Wynaendts of Aegon in 2019, David Hyman of Netflix in 2018, Dick Boer of Ahold Delhaize in 2017, Victoria B. Mars of Mars Inc. in 2016, Paul Polman of Unilever in 2015, and Werner Vogels of in 2014. Attachment Mr. Mark Heine, CEO of Fugro receives the Freddy Heineken Award CONTACT: Carla Bundy Embassy of the Kingdom of the Netherlands 202-274-2632 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
15-05-2025
- Business
- Associated Press
Mark Heine, CEO and Chairman of Fugro, Presented with the 2025 Holland on the Hill Freddy Heineken Award
Washington, D.C., May 15, 2025 (GLOBE NEWSWIRE) -- Mr. Mark Heine, the CEO and Chairman of the Board of Fugro, is the recipient of the 2025 Holland on the Hill Freddy Heineken Award. The award is named for Freddy Heineken and honors an entrepreneur who has made a substantial impact to the economic ties between the Netherlands and the United States. The Holland on the Hill Freddy Heineken Award is co-organized by the Embassy of the Kingdom of the Netherlands, the U.S. Congressional Caucus of the Kingdom of the Netherlands, and the Netherland-America Foundation. Fugro, a Dutch multinational company that specializes in Geo-data acquisition, is a pioneer in mapping, modelling, and monitoring the Earth's surface and subsurface. Heine leads Fugro's more than 11,000 employees in 52 countries. In the United States, Fugro employs 1,400 people in 17 locations in Maryland, Virginia, Florida, Texas, Louisiana, South Dakota, and California. Heine has been with the company for nearly 25 years. Under his leadership, Fugro has transitioned from focusing primarily on the oil and gas sector to offering a diverse portfolio of services across the energy, infrastructure, and water markets. By leveraging advanced techniques in mapping, modelling, and monitoring Geo-data, Fugro empowers its clients to make informed decisions, helping to reduce risk and uncertainty in both the built and natural environment. In the US, Fugro's work takes many forms. For example, after Hurricane Helene hit areas in Florida and Georgia in 2024, Fugro used high-definition aerial images to map the impact of the storm. The company is also working with the Florida Department of Environmental Protection to map the state's seafloor to improve coastal resilience. In Kentucky, Fugro performed a geotechnical study to support the site investigation for a new bridge in Ballard County. And in Michigan, the company is surveying and evaluating the geophysical conditions for the construction of twin small modular reactors for an existing nuclear power plant. Upon receiving the award, Mr. Heine said, 'At Fugro, we see infrastructure as essential to how societies function and evolve. It influences how we live, how we grow, and how we recover from disruption. Whether guided by established policy or new federal investment, our focus is constant: to ensure every dollar spent delivers lasting value, resilience, and opportunity.' The award was presented to Mr. Heine by Dutch Ambassador Birgitta Tazelaar and Ms. Fien Bertrams, Senior Vice President Heineken USA. Freddy Heineken came to the United States in the 1940s to expand Heineken's market. Combining his Dutch business skills with American marketing techniques, Freddy Heineken built the foundation of what is today a global brand. Ambassador Tazelaar said, 'As CEO of Fugro, Mark Heine represents one of the leading Dutch companies that actively invest in the US. Together, those Dutch companies support more than 1 million American jobs. Fugro is but one shining example of Dutch companies bringing its expertise to bear on this side of the Atlantic, and for that we are grateful.' The Holland on the Hill Heineken Award ceremony took place as part of the Netherland-America Foundation's Ambassadors' Award program. Members of Congress who are also members of the Dutch Caucus including Representative Jonathan Jackson (D-IL-1), and Representative Beth van Duyne (R-TX-24) attended the event. Earlier in the evening, Mr. Heine participated in a panel discussion on 'Future Proof Infrastructure.' The speakers from the public and private sectors noted that increasing energy production and manufacturing in the United States will require increased sustainability of our infrastructure. Heine's remarks underscored that 'future proof' is not a buzzword but a mandate. He stated, 'Infrastructure is more than the roads and bridges we drive on. It's integrated systems, electrical grids, and energy pipelines. These systems are being tested by natural disasters. Future proofing our infrastructure is a proactive and necessary approach to develop solutions to adapt to today's challenges to our environment.' Mr. Heine joins an illustrious group of business leaders presented with the Holland on the Hill Freddy Heineken Award, including: Stu Sjouwerman of KnowBe4 in 2024, Klaas van Lookeren Campagne of CitizenM in 2023, Richard DeLuca Jr., of Merck in 2022, Peter Oosterveer, of Arcadis in 2021, Michelle Browdy of IBM in 2020, Alexander R. Wynaendts of Aegon in 2019, David Hyman of Netflix in 2018, Dick Boer of Ahold Delhaize in 2017, Victoria B. Mars of Mars Inc. in 2016, Paul Polman of Unilever in 2015, and Werner Vogels of in 2014. Attachment Carla Bundy Embassy of the Kingdom of the Netherlands 202-274-2632 [email protected]
