Latest news with #BårdStenbergVP
Business Upturn
09-05-2025
- Business
- Business Upturn
TGS Successfully Commenced an Active North Europe Summer Season
By GlobeNewswire Published on May 9, 2025, 10:15 IST Oslo, Norway (May 9 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce a significant increase in acquisition activity in Northern Europe this summer. TGS has deployed a total of four acquisition vessels in the region; three seismic vessels and one offshore wind vessel, doubling the Company's capacity compared to 2024. All the three seismic streamer vessels have successfully mobilized, according to plan, and are currently engaged in production on 4D seismic contracts. These vessels will continue with additional 4D programs. TGS has been awarded a total of seven 4D contracts in Northern Europe this summer, amounting to approximately 280 acquisition days. Towards the end of the season TGS will acquire multi-client data. In addition to the ongoing 4D acquisition projects, the Ramform Vanguard mobilized for an offshore wind site characterization contract offshore the UK in late Q1 for a repeat customer. The project is progressing as planned. Following completion of the current project, Ramform Vanguard will undertake another offshore wind site characterization contract, also offshore UK. As announced in November 2024, TGS' node-on-a-rope crew was scheduled to mobilize for a contract in Northern Europe early April and the crew successfully completed the project in May according to plan. Carel Hooijkaas, EVP Operations in TGS, commented, 'We are excited about TGS high acquisition activity level in Northern Europe this summer. The successful mobilization of our vessels and the strong contract portfolio underscore our commitment to supporting the energy companies and meeting the evolving needs of the industry. With our Ramform acquisition platform, GeoStreamer technology and our Ultra High Resolution 3D technology for offshore wind site characterization I am confident we will deliver high-quality geoscience data to our clients.' For more information, visit or contact: Bård StenbergVP IR & Communication Mobile: +47 992 45 235 [email protected] About TGS TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit ( Forward Looking Statement All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
07-04-2025
- Business
- Yahoo
TGS awarded OBN 3D contract offshore Trinidad
OSLO, Norway (7 April 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a shallow water OBN acquisition contract in Trinidad. The 3D baseline contract is scheduled to commence in early Q3. The total duration of the survey is approximately 80 days. Kristian Johansen, CEO of TGS, commented, "Our OBN technology continues to be the preferred choice of the industry and exposes TGS to clients' production budgets and asset optimization initiatives. We are pleased to secure this new 3D shallow water OBN contract. The client values our OBN technology combined with our proven track record of project execution, ensuring efficient delivery of high-quality data and insights." For more information, visit or contact: Bård StenbergVP IR & Communication Mobile: +47 992 45 235investor@ About TGSTGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit ( Forward Looking StatementAll statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any in to access your portfolio
Yahoo
21-03-2025
- Business
- Yahoo
TGS 2024 Annual Report
OSLO, Norway (21 March 2025) - TGS, a leading global provider of energy data and intelligence, published its 2024 annual report today. In addition, TGS has published its 2024 Management Remuneration Report (MRR) according to the Norwegian Public Limited Liability Companies Act, section 6-16b (2). The 2024 annual report and the MRR are available on the TGS' website The Annual Report has also been published in European Single Electronic Format (ESEF) and can be downloaded from ( or TGSTGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit ( Forward Looking StatementAll statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason. For more information, visit or contact: Bård StenbergVP IR & Communication Mobile: +47 992 45 235investor@ Attachments TGS Annual report 2024 Final 549300NUPLAXPB0WYH90-2024-12-31-enSign in to access your portfolio
Yahoo
21-02-2025
- Business
- Yahoo
TGS Launches New Multi-client Project in the Barents Sea
OSLO, Norway (19 February 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce a new multi-client 3D streamer acquisition and processing project in the Goliat area of the Norwegian Barents Sea. The new GeoStreamer survey will span up to 1,600 over recent discoveries such as Countach, Elgol and Lupa, and expand on TGS' existing high-quality data coverage in the Goliat area of the prolific Hammerfest Basin. The Hammerfest Basin 3D project is scheduled to start in early August. Kristian Johansen, CEO of TGS, commented, " The Goliat area is one of the hot spots in the Norwegian Barents Sea with significant drilling success and exciting new discoveries. We are very pleased to secure funding for more multi-client 3D acquisition in this part of the Norwegian Continental Shelf for the 2025 summer season." The multi-client project is supported by industry more information, visit or contact: Bård StenbergVP IR & Communication Mobile: +47 992 45 235investor@ TGSTGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit ( Forward Looking StatementAll statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
TGS Launches New Multi-client Project in the Barents Sea
OSLO, Norway (19 February 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce a new multi-client 3D streamer acquisition and processing project in the Goliat area of the Norwegian Barents Sea. The new GeoStreamer survey will span up to 1,600 over recent discoveries such as Countach, Elgol and Lupa, and expand on TGS' existing high-quality data coverage in the Goliat area of the prolific Hammerfest Basin. The Hammerfest Basin 3D project is scheduled to start in early August. Kristian Johansen, CEO of TGS, commented, " The Goliat area is one of the hot spots in the Norwegian Barents Sea with significant drilling success and exciting new discoveries. We are very pleased to secure funding for more multi-client 3D acquisition in this part of the Norwegian Continental Shelf for the 2025 summer season." The multi-client project is supported by industry more information, visit or contact: Bård StenbergVP IR & Communication Mobile: +47 992 45 235investor@ TGSTGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit ( Forward Looking StatementAll statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any in to access your portfolio
