Fugro

Last updated
Fugro N.V.
Native name
Ingenieursbureau voor Funderingstechniek en Grondmechanica
Company type Naamloze vennootschap
Euronext Amsterdam:  FUR
IndustryOil and gas, Renewables, Infrastructure, Nautical
Founded1962
FounderKornelis Joustra
Headquarters Leidschendam, Netherlands
Number of locations
  • 200 (2003) [1]
  • Increase2.svg 250 (2007) [2]
  • Increase2.svg 275 (2009) [3]
  • Increase2.svg 282 (2012) [4]
Area served
Worldwide
Key people
ProductsVan-based street pavement survey systems [5]
ServicesMarine site characterisation, Marine asset integrity, Land site characterisation and Land asset integrity services
Revenue
  • Increase2.svg €1.77 billion (2022) [6] : 110 
  • Increase2.svg €1.46 billion (2021) [6] : 110 
Owner Boskalis, 20.1% (2015) [7]
Number of employees
  • 9,000 (2006) [8]
  • Increase2.svg >13,000 (2009) [3]
  • Increase2.svg 14,000 (2012) [4]
Subsidiaries
  • Fugro Aerial & Mobile Mapping [4]
  • Fugro Chance [2]
  • Fugro Geoservices [1]
  • Fugro Subsea [7]
  • Fugro Survey Pty. Ltd. [9]
  • John Chance Land Surveys [2]
Website www.fugro.com
Fugro head office, Leidschendam, Netherlands. FugroHeadOffice02.jpg
Fugro head office, Leidschendam, Netherlands.

Fugro is a Dutch multinational public company headquartered in Leidschendam, Netherlands. The company is primarily a service company focused on geotechnical, survey and geoscience services, and is listed on Euronext Amsterdam. [4] Mark Heine is Fugro's CEO and Chairman of the Board of Management, while Harrie L.J. Noy is Chairman of the Supervisory Board.

Contents

Fugro started as a land-based business, surveying and conducting soil analyses. [10] The firm subsequently expanded into marine operations to service clients involved in offshore oil and gas production, and developed advanced undersea sonar and robotics. [10]

History

Kornelis "Kees" [lower-alpha 1] Joustra founded Fugro on 2 May 1962 as Ingenieursbureau voor Funderingstechniek en Grondmechanica, Dutch for "Engineering Company for Foundation Technology and Soil Mechanics". [11] : Panel 3, 1962;  [12] 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. [11]

In 1991, Fugro Chance formed in Lafayette, Louisiana as a subsidiary through the acquisition of a small surveying company led by John Chance. [2] By 2007, this subsidiary and two others—John Chance Land Surveys and Fugro GeoServices (formerly John Chance Marine Surveying) [1] —employed 455 in the Lafayette area. [2]

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. [13] In September 2012, CGGVeritas acquired Fugro's Geoscience Division for €1.2 billion. [14]

The first recipient of Fugro's Herman Zuidberg Award for Innovation was named in 2006, Dariusz Lapucha of Poland who moved to the United States and was working for the Fugro Chance subsidiary at the time of the award. [8] Lapucha garnered the award for his work on an enhanced GPS receiver with a practical resolution of a few inches, which improved "the technical ability and profitability of the Fugro organization". [8] This same year, Fugro Chance was the first recipient of the Fugro Award of Excellence, bestowed by "the chief executive officer of Fugro to the member of the Fugro group of companies that makes the most outstanding contribution during the year"; specifically, Fugro Chance was recognized for their response to hurricanes Ivan, Katrina and Rita. [15]

Fugro purchased the Remote Observation Automated Modeling Economic Simulation (ROAMES) technology from Ergon Energy in 2014. [16] [17]

In January 2015, Royal Boskalis Westminster increased its shareholding in Fugro to 20.1%. [7]

In February 2023, Fugro purchased two platform supply vessels (PSVs) Topaz Endurance and Topaz Energy with the aim to re-purpose the vessels to support subsea surveys in the offshore gas, oil, and renewable industries. [18]

In February 2023, Fugro opened a new operations center in St. John's, Canada for controlling offshore survey operations. [19]

In November 2023, Furgo acquired SEA-KIT International to push the boundaries of USV technology. [20]

Activities

In June 2014, the Australian Transport Safety Bureau (ATSB) awarded Fugro, through its subsidiary Fugro Survey Pty. Ltd., the contract to conduct the search for Malaysia Airlines Flight 370, [9] despite the firm's "limited experience searching for wrecks on the ocean floor". [10] The initial contract was worth AUD$52 million, which Fugro won in a bid against several firms including Oceaneering International, Odyssey Marine Explorations and Blue Water Recoveries. [10] In August 2014 it was awarded an additional contract for the deployment of two specialist vessels. [21] Fugro had around 200 employees and 3 search vessels dedicated to the search for MH370. [22] [23] In 2015, in the midst of the search, the company received many criticisms related to their methods and equipment. [9]

The Fugro Chance subsidiary, based in Louisiana, United States, provides services to the oil industry in the Gulf of Mexico including making available without cost underwater maps, current and historical, of pipeline courses, useful in the context of post-hurricane damage assessment and property assessment prior to leasing of underwater property from the Bureau of Ocean Energy Management (BOEM). [2] Fugro Chance has also contracted with the United States Army Corps of Engineers to conduct airborne laser mapping toward the creation and updating of nautical charts and maps. [24] Fugro Geoservices, another firm which arose from a 1991 merger in Louisiana which is now based in Houston, Texas, provides boat-based underwater video, sonar, seismic, and magnetic sensing to firms engaged in oil and gas exploration and the aforementioned BOEM US government agency. [1] Fugro provides similar services in Canada, with the inclusion of remotely operated unmanned devices which have advantages of minimizing risks to crew of manned vessels, reducing data latency and increasing analysis speed. [18] [19]

Rutherford County, Tennessee, contracted with Fugro Earthdata in 2004 to conduct the county's first digital mapping project. [3] The county has retained this Fugro subsidiary's services for orthoimagery, topographic mapping, and geographic information systems (GIS) through at least 2014. [3]

By 2015, "about 20" state departments of transportation in the United States had purchased and deployed "video- and laser-equipped vans" used to survey street pavement conditions, so-called "spider vans", from Fugro; the firm is one of several that manufacture such systems. [5]

In 2022 Fugro opened the Fugro SpAARC spacecraft mission control center in Perth, Australia. [25]

In 2023, Fugro, along with Australia's Defense Department, was involved in the search for the wreck of the SS Montevideo Maru which had sunk during WW2. The shipwreck was discovered off the northwest coast of Luzon Island, on 22 April 2023. [26] [27] For the search, which started on 6 April, an autonomous underwater vehicle was used. [28]

Controversy

According to an 18 December 2022 broadcast by Dutch KRO-NCRV television programme Pointer, Brasilian police stated Fugro had been involved in the Brumadinho dam disaster in Brasil in 2019 in which 270 people were killed. [29] As a result, many investors lost their confidence, and a day after the broadcast, Fugro lost almost a third of its stock value at the Amsterdam stock exchange. [30]

See also

Notes

  1. ↑ Kees is a Dutch abbreviation of Kornelis

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References

  1. 1 2 3 4 McManus, Ted (August 29, 2003). "Fugro Geoservices' fleet fills subsea 'detective' role". The Daily Review. Vol. 41, no. 172. Morgan City, Louisiana: Steve Shirley. p. 12-B (56). Retrieved March 19, 2023– via Newspapers.com.
  2. 1 2 3 4 5 6 Moser, Bob (September 16, 2007). "Companies importance stretches worldwide". Daily World . Vol. 67, no. 223. pp. B1-2 (7-8). Retrieved March 19, 2023– via Newspapers.com. Link for page 2 of article.
  3. 1 2 3 4 "County awards mapping contract". The Daily News Journal . June 6, 2009. p. B2 (9). Retrieved March 19, 2023– via Newspapers.com.
  4. 1 2 3 4 Macias, Tina Marie (September 20, 2012). "Fugro celebrates 50 years today". Business. The Daily Advertiser . Gannett. pp. 6B (14). Retrieved March 12, 2023– via Newspapers.com.
  5. 1 2 Oldham, Jennifer (July 25, 2015). Hoffman, Allison (ed.). "The Amazing Spider Van And the Streets of Doom". Bloomberg Businessweek . pp. 31–32. Retrieved March 19, 2023– via Internet Archive.
  6. 1 2 "Annual Report 2022". Fugro. Retrieved March 12, 2023.
  7. 1 2 3 "Kans stijgt op deal Fugro Subsea en Boskalis" [Chances increase on deal Fugro Subsea and Boskalis]. Market Talk. beurs.nl (in Dutch). Dow Jones Newswires. January 12, 2015. Archived from the original on April 15, 2015.
  8. 1 2 3 Garrett, Arnessa M (July 21, 2006). "Fugro Chance employee wins top award worldwide". The Daily Advertiser . p. 10C (30). Retrieved March 19, 2023– via Newspapers.com.
  9. 1 2 3 McGuirk, Rod (July 4, 2015). "Did searchers' sonars miss Flight 370 debris?". Republican Herald . Pottsville Republican, Inc. Associated Press. pp. A11 (11). Retrieved March 19, 2023– via Newspapers.com.
  10. 1 2 3 4 Stacey, Daniel (August 6, 2014). "Dutch Firm Fugro Takes on Search for Malaysia Airlines Flight 370" . The Wall Street Journal . Retrieved March 27, 2023.
  11. 1 2 "Our History and Timeline". Fugro. Retrieved 12 March 2023.
  12. ↑ Jan Daan Hillen, ed. (2012). Earth Unlimited : Fugro 50 Years – What's Next. Fugro N.V. ISBN   978-90-9026719-7.
  13. ↑ "Fugro set to acquire Thales GeoSolutions?". Dredging News Online. Clarksons. July 25, 2003. Archived from the original on March 11, 2006.
  14. ↑ "CGGVeritas Announces Acquisition of Fugro's Geoscience Division and the Creation of Strategic Partnerships" (Press release). CGGVeritas. September 24, 2012. Archived from the original on February 23, 2013.
  15. ↑ "Fugro Chance takes international award". The Daily Advertiser . September 1, 2006. pp. 12C (32). Retrieved March 19, 2023– via Newspapers.com.
  16. ↑ Chester, Simon (April 7, 2014). "Fugro purchases ROAMES". Spatial Source. Australia. Archived from the original on December 22, 2015. Retrieved December 19, 2015.
  17. ↑ "Tech shortlisted for award". Ergon Energy. 17 March 2015. Retrieved 19 December 2015.[ permanent dead link ]
  18. 1 2 Wingrove, Martyn (February 27, 2023). "Fugro to acquire two PSVs, open remote operations centre". Riviera. London: Riviera Maritime Media. Retrieved March 19, 2023.
  19. 1 2 Skopljak, Nadja (February 22, 2023). "Fugro's remote operations center in Canada opens for business". Offshore Energy. Schiedam: Navingo BV. Retrieved March 9, 2023.
  20. ↑ Cavcic, Melisa (2023-11-27). "Fugro bolsters marine robotics offering with acquisition of SEA-KIT". Offshore Energy. Retrieved 2023-11-27.
  21. ↑ Johnson, Edward; Pals, Fred (August 5, 2014). "Fugro Wins Order to Scour Ocean for Vanished Malaysia Jet" . Bloomberg Business . Archived from the original on April 12, 2015.
    The archived version provides access to full text.
  22. ↑ Fickling, David (April 8, 2015). "Malaysian Air Team Hunts Missing Jet, Believing 'Today's the Day'" . Bloomberg Business . Archived from the original on April 12, 2015.
    The archived version provides access to full text.
  23. ↑ Fickling, David (March 1, 2015). "MH370 Search Funds Debate Set for April as No Debris Seen" . Bloomberg Business . Archived from the original on March 5, 2015.
    The archived version provides access to full text.
  24. ↑ Sullivan, John (May 14, 2002). "Fugro Chance Inc. gets $29.5M federal contract". The Daily Advertiser . p. 1D (23). Retrieved March 20, 2023– via Newspapers.com.
  25. ↑ "Fugro opens state-of-the-art space control centre, SpAARC, in Perth, Australia". Fugro. 3 Nov 2022.
  26. ↑ "Explorers find WWII ship sunk with over 1,000 Allied POWs". The Washington Post . 2023-04-22. Retrieved 2023-04-22.
  27. ↑ "Montevideo Maru found". Australian Defence Ministers. 2023-04-22. Retrieved 2023-04-22.
  28. ↑ "Montevideo Maru: Australia finds wreck of Japanese WW2 disaster ship". BBC News . 2023-04-22. Retrieved 2023-04-23.
  29. ↑ "Nederlandse multinational betrokken bij desastreuze mijnramp in Brazilië met 270 doden". KRO-NCRV (in Dutch). 2022-12-18. Retrieved 2023-01-11.
  30. ↑ de Vries, Joost (2022-12-19). "Beleggers straffen Fugro voor veronderstelde betrokkenheid bij dodelijke dambreuk in Brazilië". de Volkskrant (in Dutch). Retrieved 2023-01-11.
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