Latest news with #GeoStreamer
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
07-05-2025
- Business
- Yahoo
TGS Awarded 4D Streamer Contract
TGS ASA OSLO, Norway (7 May 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a 4D streamer contract in the East Mediterranean. Acquisition is scheduled to commence in Q2 this year and the contract has a duration of approximately 90 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this 4D streamer contract. By leveraging the Ramform acquisition platform, coupled with our proprietary GeoStreamer technology we are well equipped to deliver high quality 4D data to our client." For more information, visit or contact: Bård Stenberg VP IR & Communication Mobile: +47 992 45 235 investor@ 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.
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
Yahoo
10-02-2025
- Business
- Yahoo
TGS Awarded Two 4D Streamer Contracts Offshore Norway
OSLO, Norway (10 February 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of two 4D streamer contract acquisition projects, one in the North Sea and one in the Norwegian Sea. The 4D projects are scheduled to be acquired back-to-back and commence in June. The total duration of the two surveys is approximately 80 days. Kristian Johansen, CEO of TGS, commented, "We are pleased to secure two new 4D streamer contracts. Now we have a total of six 4D streamer contracts scheduled for the 2025 summer season on the Norwegian continental shelf. The clients value our GeoStreamer technology combined with the Ramform acquisition platform, ensuring efficient delivery of high-quality data." For 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
