Press Releases

Up-to-Date Business Announcements from TGS

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TGS Vesting Under the 2018 Long-term Incentive Plan

03 August 2021

OSLO, Norway (3 August 2021) - In accordance with the measures approved by the shareholders of TGS at the Annual General Meeting on 8 May 2018, the Board of Directors of TGS ASA authorized TGS to grant Performance Stock Units (PSUs), Performance Restricted Stock Units (P-RSUs), and Restricted Stock.

TGS Quarterly Dividend

22 July 2021

OSLO, NORWAY (22 July 2021) – Following the authorization from the Annual General Meeting on 11 May 2021, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.14 per share (NOK 1.25 per share) in Q3 2021.Key information relating to the cash dividend:

TGS Announces Q2 2021 Results

22 July 2021

OSLO, Norway (22 July 2021) - TGS today reported interim financial results for Q2 2021.Net IFRS revenues amounted to USD 72 million in Q2 2021, an increase of 9% compared to Q2 2020 and USD 7 million higher than the preliminary earnings update July 8th. EBITDA was USD 50 million, and the operating.

Seismic Consortium to Begin Multi-client Survey in Sarawak Basin

21 July 2021

OSLO, Norway (22 July 2021) - TGS, a global provider of energy data and intelligence, together with PGS and WesternGeco®, the exploration data business line of Schlumberger, have secured pre-funding for a 6,400 square kilometer multi-client 3D survey commencing in October in the Sarawak Basin,.

TGS – Q2 2021 Presentation and Conference Call

15 July 2021

OSLO, Norway (15 July 2021) – Following the pre-announcement of Q2 2021 revenues, TGS will release its entire Q2 2021 results at 7:00 am CET on 22 July 2021. A pre-recorded presentation of the results and business update featuring CEO Kristian Johansen and CFO Fredrik Amundsen will be released at.

TGS Q2 2021 Earnings Update

08 July 2021

OSLO, Norway (8 July 2021) - Based on preliminary reporting from operating units, TGS management expects net IFRS revenues* for the second quarter of 2021 to be approximately USD 65 million, compared to USD 66 million in Q2 2020. Net segment revenues* are expected to be approximately USD 54.

TGS and PGS announce Lewis Hills 3D Multi-client Phase 2 Offshore East Canada

06 July 2021

OSLO, Norway (6 July 2021) - TGS, a global provider of energy data and intelligence, in partnership with PGS, today announced Lewis Hills 3D multi-client phase 2 offshore East Canada. Phase 2 includes the acquisition of 947 square kilometers of additional 3D data, tying into the existing project’s.

TGS Announces Acquisition of Three Polarcus 3D Multi-Client Surveys

23 June 2021

OSLO, Norway (23 June 2021) – TGS ASA (‘TGS’), a global provider of energy data and intelligence, today announced that it has acquired three 3D multi-client seismic surveys of Polarcus Plc. (‘Polarcus’) covering a total of 12,200 square kilometers offshore Australia. In addition, Polarcus has.

TGS Announces New 3D Imaging Program in the U.S. Gulf of Mexico

21 June 2021

OSLO, Norway (21 June 2021) - TGS, a global provider of energy data and intelligence, today announced Sophies Resolve Refocus 3D, an OBC and NAZ imaging program in the U.S. Gulf of Mexico.

TGS Announces New Onshore 3D Seismic Survey in the Montney Basin

10 June 2021

OSLO, Norway (10 June 2021) - TGS, a global provider of energy data and intelligence, today announced Hipp Creek 3D, a new Onshore multi-client 3D seismic survey within the Montney Basin of Northeast British Columbia, Canada.Hipp Creek 3D will add nearly 200 square kilometers of high-quality.