Russia Oil Gas Magazine

TGS Quarterly Dividend

Following the authorization from the Annual General Meeting on 11 May 2021, the Board of TGS NOPEC Geophysical Company ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.14 per share (NOK 1.17 per share) in Q4 2021. Key information relating to the cash dividend: …

READ MORE →
Russia Oil Gas Magazine

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 …

READ MORE →
Russia Oil Gas Magazine

PXGEO Secures a 12 Month Vessel Commitment from TGS

PXGEO has entered into an agreement with TGS to provide 12 months of high-end towed-streamer seismic acquisition services to TGS-NOPEC Geophysical Company ASA (TGS). TGS has committed to utilising “PXGEO 2” or any other capable vessel which PXGEO introduces to its fleet for 12 months of marine seismic acquisition services …

READ MORE →
Russia Oil Gas Magazine

TGS Submits Offer to Acquire the Multi-Client Data Library of PGS

TGS submits a conditional offer for the multi-client data library of PGS for a cash consideration of USD 600 million The offer values the multi-client data library in excess of the full reported book value and secures PGS liquidity to repay the USD 135 million revolving credit facility due September …

READ MORE →
Russia Oil Gas Magazine

TGS Approves 2019 Financials

The Board of Directors of TGS-NOPEC Geophysical Company ASA has today approved the financial statements for 2019. The financial statements were approved with the following changes from the preliminary annual accounts announced on 12 February 2020: The final reported tax expense was 18,1 million USD. This is a reduction of …

READ MORE →