TGS Q2 2023 Revenue Update
Based on preliminary reporting from operating units, management of TGS ASA (“TGS”) expects IFRS revenues for Q2 2023 to be approximately USD 206 million, compared to USD 230 million in Q2 2022. POC revenues* are expected to be approximately USD 241 million, up from USD 136 million in Q2 2022. POC …
TGS Announces Q1 2023 Results
TGS today reported interim financial results for Q1 2023. The quarter reflected a continued improvement in market conditions, with strong growth in both POC revenues (1) and contract inflow. Financial highlights: POC revenues (1) were 229 million compared to 114 million in Q1 2023 (+100%, +27% pro-forma including Magseis Fairfield …
TGS Announces Q3 2022 Results
Total revenue amounted to USD 135 million in Q3 2022 versus USD 200 million in Q3 2021. The late sales portion of revenues was USD 65 million, representing a substantial increase compared to the USD 31 million reported for Q3 2021. EBITDA was USD 97 million, and the operating result …
TGS-NOPEC Geophysical Company Announces Company Name Change to TGS
TGS-NOPEC Geophysical Company ASA, a global provider of energy data and intelligence, will begin operating under the new name of TGS ASA. TGS ASA reflects both the evolution of the company as well as its vision for the future. Kristian Johansen, CEO at TGS, commented, “As part of our new …
TGS Completes Acquisition of Spectrum
TGS-NOPEC Geophysical Company ASA announced today that it has completed its acquisition of Spectrum ASA, creating a leading global multi-client geophysical data provider. TGS first announced its intent to acquire Spectrum on 2 May 2019. Completion of the acquisition and the merger plan has today been registered with the Norwegian …
TGS: Appoints Kristian Johansen as CEO
The Board of TGS has today announced that Kristian Johansen will succeed Robert Hobbs as Chief Executive Officer on March 11, 2016. After eight years with TGS, including nearly seven years as CEO, Mr. Hobbs has decided to retire. Kristian Johansen joined TGS in 2010 as Chief Financial Officer and …
TGS: Appoints Sven Børre Larsen As CFO
TGS is pleased to announce the appointment of Sven Børre Larsen as the Company’s new Chief Financial Officer. The effective date of Mr. Larsen’s employment is yet to be determined, but will be no later than December 1, 2015. Mr. Larsen will be based in TGS’ Asker office. Most recently, …
TGS: Kristian Johansen Appointed COO
The Board of TGS is pleased to announce the appointment of Kristian Johansen to the newly created role of Chief Operating Officer (COO), effective 1 February 2015. Kristian joined TGS in 2010 as Chief Financial Officer. Prior to joining TGS, Kristian was the Executive Vice President and CFO of EDB Business …