Press Releases

Up-to-Date Business Announcements from TGS

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Notice of Extraordinary General Meeting

21 May 2019

ASKER, NORWAY (21 May 2019) Following the announcement on 20 May 2019 concerning the merger plan between TGS-NOPEC Geophysical Company ASA and Spectrum ASA, an extraordinary general meeting (EGM) of TGS will be held on 21 June 2019 at the offices of the law firm, Schjødt, at Ruseløkkveien 16, in.

TGS and PGS announce Torngat 3D offshore East Canada

17 May 2019

ASKER, NORWAY (17 May 2019) - TGS and PGS announce the Torngat 3D multi-client project in Offshore East Canada.

TGS Announces the Launch of Its New Well Log Prediction Tool Analytics Ready LAS (ARLAS)

15 May 2019

Oslo, Norway (15 May 2019) – TGS-NOPEC Geophysical Company (TGS) today announced the release of its new well log prediction tool – Analytics Ready LAS (ARLAS).

TGS announces initiation of a USD 50 million share repurchase program

14 May 2019

(ASKER, NORWAY – 14 MAY 2019) – TGS-NOPEC Geophysical Company ASA ("TGS" or the "Company") today announced that reflective of the Company’s strong financial and liquidity position and improving market outlook, the Board of Directors has authorized a share repurchase program of up to USD 50 million.

TGS Shares received by Board of Directors

13 May 2019

ASKER, NORWAY (13 May 2019) - The Annual General Meeting of TGS held on 8 May 2019, approved that each of the Directors, other than the Chairman, should receive 1650 restricted shares in the Company as part of their compensation. The shares were transferred to the Directors on 13 May 2019. The.

Invitation to teleconference and webcast in connection with the announced acquisition of Spectrum

09 May 2019

ASKER, NORWAY (3 May 2019) TGS-NOPEC Geophysical Company ASA (‘TGS’) on 2 May 2019 announced that it has agreed on the principle terms for the acquisition of Spectrum ASA (‘Spectrum’).  Kristian Johansen, CEO of TGS, and Rune Eng, CEO of Spectrum, will present the transaction and answer questions.

Mandatory notification of trade

09 May 2019

(ASKER, NORWAY - 9 May 2019) - Kristian Johansen, CEO of TGS, has today purchased 2,250 shares in TGS at a price of NOK 220.99 per share.

TGS Q1 2019 Quarterly Dividend

09 May 2019

ASKER, NORWAY (9 May 2019) – Following the authorization from the Annual General Meeting on 8 May 2018, the Board of TGS NOPEC Geophysical Company ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.27 per share (NOK 2.36 per share).

TGS announces Q1 2019 results

09 May 2019

ASKER, NORWAY (9 May 2019) – TGS reported net revenues of USD 110 million in Q1 2019, compared to USD 135 million in Q1 2018.  While operational investments and pre-funding revenues came in behind plan due to postponed start-up of projects, this was offset by late sales coming in above internal.