Press Releases

Up-to-Date Business Announcements from TGS

Posts by Date

TGS Announces Next Phase of Ultra-long Offset Node Projects in U.S. Gulf of Mexico

09 March 2020

ASKER, Norway (9 March 2020) – Following the highly successful Amendment Phase 1 project acquired in Mississippi Canyon in 2019, TGS, in strategic collaboration with Schlumberger, announced the second phase of their ultra-long offset node project in U.S. Gulf of Mexico. The next phase will extend.

TGS Announces Delivery of Milestone Utsira OBN Project in North Sea

05 March 2020

Asker, Norway (5 March 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced that processing of the northern half of its landmark ocean-bottom node (OBN) multi-client survey in the Norwegian North Sea is complete and has been.

TGS Completes Carbon Capture Storage Assessment Atlas in British Columbia, Canada

02 March 2020

Calgary, Canada (02 March 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced the completion of a Geological Carbon Storage Atlas for British Columbia, Canada for a major oil and gas company.

TGS Welcomes the Federal Republic of Somalia’s Ratification of the Petroleum Law, Paving the Way for License Round Completion in 2020

20 February 2020

Asker, Norway (20 February 2020) – The Federal Republic of Somalia has confirmed that the country’s Petroleum Law has been ratified by His Excellency, President Mohamed Abdullahi Farmajo. The Presidential Ratification is a landmark moment in the development of Somalia’s natural resources, which.

TGS Completes One Survey and Commences Another Offshore Senegal

19 February 2020

Asker, Norway (17 February 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, has today announced that it has completed the acquisition of its latest 3D survey offshore Senegal, SN-UDO-19. This latest stand-alone survey is located in.

TGS Announces New Chief Financial Officer (CFO)

17 February 2020

Asker, Norway (17 February 2020) – 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.

TGS Announces Eastern Delta Refocus Imaging Program in U.S. Gulf of Mexico

13 February 2020

Asker, Norway (13 February 2020) - TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced the Eastern Delta Refocus 3D OBS (Ocean Bottom Seismic) imaging program in the U.S. Gulf of Mexico.  This reprocessing project marks the next.

TGS Quarterly Dividend

12 February 2020

ASKER, NORWAY (12 February 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 0.375 per share (NOK 3.47 per share) in Q1 2020.

TGS announces strong cash flow and 39% dividend growth

12 February 2020

ASKER, NORWAY (12 February 2020) - TGS today reported net segment revenues* of USD 232 million for Q4 2019, a growth of 23% compared to USD 188 million in Q4 2018. The strong performance was mainly driven by improved sales momentum in Latin America and North America.

TGS Begins Acquisition of Two New Onshore 3D Seismic Projects

06 February 2020

Asker, Norway (6 February 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, announced today it has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin and Ravenclaw 3D in the Edson area of.