TGS: Initiates a USD 20 Million Share Repurchase Program
TGS-NOPEC Geophysical Company ASA (“TGS” or the “Company”) today announced that reflective of the Company’s strong financial and liquidity position and cash flow outlook, the Board of Directors has authorized a share repurchase program of up to USD 20 million. The share repurchase program will be in place until the …
CGG, PGS and TGS Announce Strategic Partnership for shared Multi-Client Data Offerings
CGG, PGS and TGS, industry leaders of multi-client geoscience data, today announced a pioneering strategic partnership to offer a shared ecosystem providing direct access to their subsurface multi-client data libraries. The independent, cloud-based ecosystem will offer a single search point to access all three companies’ multi-client data and allow customers …
TGS: Announces New Projects and Updates Annual Investment Guidance
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today commenced the Malvinas 3D program in Argentina. This survey was first announced to the market on August 4, 2020. The BGP vessel Prospector will acquire approximately 5,000 square kilometers, which will bring the total coverage …
TGS Announces Dynamic Matching FWI
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced its Dynamic Matching Full Wave Inversion (DM FWI) technology. The new imaging approach uses seismic reflection and refraction information to automatically update the velocity model, enabling high-quality images in geologically complicated areas. DM FWI delivers a step-change …
TGS Completes Reprocessing of New Regional 2D Survey in the Russian Sea of Okhotsk
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, has announced that it has completed the reprocessing of a 21,631-square kilometer regional 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk. The reprocessing has been undertaken with the support of TGS’ Russian …
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 …
TGS Announces New Chief Financial Officer (CFO)
TGS has today appointed Fredrik Amundsen as the new Chief Financial Officer (CFO) of the company. He has been with the company for 16 years and comes from the position as Executive Vice President (EVP) Europe at TGS. Kristian Johansen, CEO at TGS, stated: “Following the acquisition of Spectrum in …
TGS Announces Strategic Milestones to Accelerate Growth
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced achievement of five milestones accelerating the company’s growth strategy. The achievements include new technologies in key basins; strengthening position in the South Atlantic; further growth onshore; enhancing imaging and efficiencies; and expanding the value …
TGS Acquires Production Data Company, Lasser Inc.
TGS announced today that it has purchased all the outstanding shares and completed the acquisition of Lasser, Inc., a Fort Worth-based company which provides historical and monthly oil and gas production data. Lasser owns, maintains and licenses a nationwide U.S. well production database. The data will be added to TGS’ …
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 …