CGG SA, the oil field seismic surveyor that rejected a takeover approach last year by Technip SA, reported a net loss of $1.2 billion in 2014 after a writedown for restructuring costs and an impairment on marine assets. “We have faced a difficult environment last year which deteriorated brutally with the drop of oil prices in the last quarter,” Chief Executive Officer Jean-Georges Malcor said on a conference call Thursday. “Our focus is to generate cash this year through lower capital expenditure and restructuring.” Europe’s second-biggest oil-services provider Technip last year approached CGG about an offer that would have seen the combination of two French companies specialized in providing equipment and studies for energy companies. The surveyor, which has cut jobs and reduced its fleet, rejected the bid and said it was confident it could remain an independent company. Malcor said CGG will cut about 400 jobs […]