News & Videos - TGS NOPEC GEOPHYSICAL CO. TGSNF

OSLO, Norway (17 April 2024) - Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA (" TGS " or the " Company ," OSE: TGS) and PGS ASA (" PGS ," OSE: PGS) regarding the combination of the two companies (the " Merger ") to establish the premier energy data company, as well as subsequent announcements on 25 October 2023 and 1 December 2023 regarding, respectively, the execution of the definitive merger agreement and approval by the extraordinary general...

OSLO, Norway (12 April 2024) - TGS, a leading global provider of energy data and intelligence, today published its 2023 Annual Report. In addition, TGS has published its 2023 Sustainability and Management Remuneration Reports (MRR) pursuant to the Norwegian Public Limited Liability Companies Act, section 6-16 a(2). Both the 2023 Annual Report and MRR are available on the TGS corporate website to shareholders and other interested parties via this link: https://www.tgs.com/financial-reports . The...

OSLO, Norway (9 April 2024) - Based on preliminary reporting from operating units, management of TGS ASA ("TGS") expects IFRS revenues for Q1 2024 to be approximately USD 152 million, compared to USD 173 million in Q1 2023. POC revenues* are expected to be approximately USD 227 million, compared to USD 229 million in Q1 2023. POC multi-client revenues are estimated at approximately USD 150 million versus USD 143 million in Q1 2023, with early sales of USD 78 million, down from USD 98 million in...

OSLO, Norway (3 April 2024) —TGS, the leading global energy data and intelligence provider, alongside JV consortium partners PGS and SLB, announces the commencement of a multi-client 3D seismic project in the Penyu Basin, offshore Peninsular Malaysia. In partnership with Malaysia Petroleum Management (MPM), PETRONAS, the custodian of petroleum resources in Malaysia, this project aims to provide insights on the exploration opportunities in a broader play fairway and to assess the carbon storage...

Lowestoft, UK (21 March 2024) — TGS, the leading global provider of energy data and intelligence, has released its latest Market Overview Report, powered by 4C Offshore market intelligence. This comprehensive analysis offers an early assessment of the global offshore wind industry for the rest of 2024, building upon the insights provided by last year's report, which anticipated a record-breaking auction year for the sector. The Q1 report looks at whether 2024 is still expected to deliver on...

Oslo, Norway (29 February 2024) – In February 2019, TGS implemented an Employee Share Purchase Plan (ESPP) pursuant to which eligible employees can purchase TGS common shares at a discount through payroll deductions. The ESPP operates in six-month periods, and at the end of each period, employees in eligible jurisdictions (United States, United Kingdom and Canada) have the option to purchase stock at a 15% discount to the market price at the time of purchase. The plan sets a maximum purchase...

OSLO, Norway (15 February 2024) – Following the authorization from the Annual General Meeting on 10 May 2023, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.14 per share (NOK 1.47 per share) in Q1 2024. Key information relating to the cash dividend: Dividend amount and declared currency: USD 0.14 per share (equivalent to NOK 1.47 per share) Last trading day including right: 21 February 2024 Ex-date: 22 February 2024 Record date: 23 February...

OSLO, Norway (15 February 2024) - TGS today reported interim financial results for Q4 2023. The results reflected strong operational performance and continued strong growth in multi-client early sales, with late sales coming in below expectations. Financial highlights: POC revenues (1) were USD 206 million compared to USD 227 million in Q4 2022 POC EBITDA of USD 137 million versus USD 151 million in Q4 2022 POC operating result was USD 47 million compared to USD 74 million in Q4 2022. Contract...

OSLO, Norway (5 February 2024) – TGS, a global provider of energy data and intelligence, in a strategic collaboration with SLB, today announced the Engagement 5 Ocean Bottom Node (OBN) multi-client acquisition in the U.S. Gulf of Mexico. Commencing in Q1 2024, the initiation of the seventh program within the seismic joint venture involves the acquisition of 157 OCS blocks [3,650 square kilometers] through a long offset, sparse OBN survey. The expansion of data coverage in the eastern region of...

OSLO, Norway (10 January 2024) – Kristian Johansen, Chief Executive Officer, has today purchased 4,500 shares in TGS ASA at a price of NOK 109.61 per share. Following this, he directly and indirectly holds 175,281 shares in TGS ASA. This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act....

OSLO, Norway (9 January 2024) - Based on preliminary reporting from operating units, management of TGS ASA ("TGS") expects IFRS revenues for Q4 2023 to be approximately USD 189 million, compared to USD 219 million in Q4 2022. POC revenues* are expected to be approximately USD 205 million, compared to USD 227 million in Q4 2022. Proprietary revenues are expected to be USD 88 million, up from USD 60 million in Q4 2022. POC multi-client revenues are estimated at approximately USD 118 million, down...

OSLO, Norway (8 January 2024) – TGS, the leading global provider of energy data and intelligence, in cooperation with JV consortium partners PGS and SLB, has announced that prefunding has been secured to expand multi-client seismic data coverage in the Sabah Basin offshore Malaysia. The seventh phase of this multi-year project off the coast of Sabah encompasses over 5,000 kilometers of new 2D seismic data acquisition, over 2,600 kilometers of legacy seismic data processing, and 2,800 square...

OSLO, Norway (20 December 2023) – TGS, a leading global provider of energy data and intelligence, has been awarded a three-month proprietary Ocean Bottom Node (OBN) data acquisition contract in the North Sea for a repeat customer. The project's acquisition will begin in Q2 2024. Kristian Johansen, CEO at TGS, commented: “This project, for a major energy customer, further highlights the integral role OBN acquisition has in providing our clients improved seismic data quality and help them make...

OSLO, Norway (18 December 2023) – TGS, the leading global provider of energy data and intelligence, has been awarded a two-month proprietary Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico. The project’s acquisition will start in Q1 2024. Kristian Johansen, CEO at TGS, commented: “This project highlights the key role OBN data plays in this vital basin. OBN technology provides the essential data needed to visualize and understand the intricate structures within the...

OSLO, Norway (1 December 2023) - Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA ("TGS" or the "Company," OSE: TGS) and PGS ASA ("PGS," OSE: PGS) regarding the combination of the two companies (the "Merger") to establish the premier energy data company, as well as subsequent announcements on 25 and 30 October 2023 regarding, respectively, the execution of the definitive merger agreement and notices for extraordinary general meetings for approval. An...

OSLO, Norway (1 November 2023) – TGS, the leading global provider of energy data and intelligence, has been awarded a four-year extension to a proprietary reservoir monitoring and source acquisition contract in Norway, with a further option to extend by another two years. Kristian Johansen, CEO at TGS, commented: “This project highlights the value and performance we have delivered over the years, which has now triggered this long-term extension. Long-term contracts like this turn our...

OSLO, Norway (30 October 2023) - Reference is made to the joint announcement on 25 October 2023 made by TGS ASA (" TGS " or the " Company ," OSE: TGS) and PGS ASA (" PGS ", OSE: PGS) regarding the approval and decision by their respective board of directors upon a definitive merger agreement. An extraordinary general meeting of TGS (the " EGM ") will be held on 1 December 2023 to approve the merger with PGS. The EGM will be held as a virtual meeting through the facilities of Lumi at 16:00 hours...

OSLO, NORWAY (26 October 2023) – Following the authorization from the Annual General Meeting on 10 May 2023, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.14 per share (NOK 1.56 per share) in Q4 2023. Key information relating to the cash dividend: Dividend amount and declared currency: USD 0.14 per share (equivalent to NOK 1.56 per share) Last trading day including right: 1 November 2023 Ex-date: 2 November 2023 Record date: 3 November 2023...

OSLO, Norway (26 October 2023) - TGS today reported interim financial results for Q3 2023. The quarter reflected a continued improvement in market conditions, with strong growth in both POC revenues (1) and contract inflow. 2023 multi-client investment guidance increased to approximately USD 400 million with a minimum early sales rate of 75%. Financial highlights: POC revenues (1) were USD 293 million compared to USD 119 million in Q3 2022 (+34% pro-forma including Magseis Fairfield ASA). POC...

OSLO, Norway (26 October 2023) – TGS, the leading global provider of energy data and intelligence, has been awarded a three-month proprietary Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico (GoM) for a repeat customer. The project's acquisition will start in Q4 2023 and reach completion during Q1 2024. Kristian Johansen, CEO at TGS, commented: “This project, for a repeat customer, further highlights the integral role OBN acquisition has in providing our clients...