Latest news with #TGS
Zawya
3 days ago
- Business
- Zawya
TGS to Participate at United States (U.S.)-Africa Energy Forum (USAEF) 2025 Amid Growing Data-Driven Activity in Africa
The U.S.-Africa Energy Forum (USAEF), taking place in Houston on August 6-7, 2025, is pleased to announce Kristian Johansen, Chief Executive Officer of TGS, as a featured speaker. TGS is a global leader in energy data and subsurface intelligence, with an expanding footprint across Africa supporting exploration and investment in oil, gas and renewable energy. As African nations prepare for new licensing rounds, farm-outs and energy diversification, access to high-quality seismic data and digital solutions is proving vital in attracting global capital. TGS' work across the continent – from deepwater seismic reprocessing to renewable resource assessments – is enabling governments to present technically de-risked, investment-ready acreage to the market. Recent activity spans some of Africa's most promising and underexplored regions. In Angola, TGS has reprocessed legacy data in a block previously relinquished by Shell, unlocking new geological insight. In the Republic of Congo, the company is supporting digitalization to enhance transparency and efficiency in upstream development. Expanded seismic coverage in Tanzania and Benin is helping to bring new frontier acreage to market, while in Mauritania, TGS is growing its multi-client 3D seismic library across more than 101,000 square-kilometers offshore – cementing its role in advancing exploration in high-potential deepwater zones. Meanwhile in Cabo Verde, the company is assessing renewable energy opportunities, including offshore wind, as part of its support for Africa's broader energy transition. TGS' growing presence in Africa highlights the critical role of data in enhancing the technical credibility and commercial appeal of emerging energy opportunities. By equipping governments and investors with deeper geological insight and actionable intelligence, the company is enabling faster, more confident decision-making – especially as exploration budgets tighten globally. With multiple licensing rounds anticipated across the continent, TGS continues to serve as a strategic data partner, supporting African markets in presenting transparent, competitive and technically validated acreage. For tickets, sponsorship opportunities and more information, please contact sales@ or visit Join us in Houston to connect with the leaders shaping Africa's energy landscape and experience the momentum that drives ECP's events worldwide. Distributed by APO Group on behalf of Energy Capital&Power.
Business Insider
14-05-2025
- Business
- Business Insider
Transportadora de Gas upgraded to Outperform from Neutral at Grupo Santander
Grupo Santander upgraded Transportadora de Gas del Sur (TGS) to Outperform from Neutral with a $38 price target Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
12-05-2025
- Business
- Yahoo
Pampa Energía Announces First Quarter 2025 Results
BUENOS AIRES, ARGENTINA / / May 12, 2025 / Pampa Energía S.A. (NYSE: PAM)(Buenos Aires Stock Exchange:PAMP), an independent company with active participation in Argentine oil, gas and electricity, announces the results for the quarter ended on March 31, 2025. Pampa's financial information is reported in US$, its functional currency. For local currency equivalents, transactional exchange rate ('FX') are applied. However, Transener and Transportadora de Gas del Sur's ('TGS') figures are inflation-adjusted as of March 31, 2025, and are converted to US$ at the period-end FX. Previously reported figures remained unchanged. First quarter 2025 ('Q1 25') main results1 Sales rose 3% year-on-year to US$414 million in Q1 252, driven by higher spot energy prices, the contribution from the newly commissioned Parque Eólico Pampa Energía 6 ('PEPE 6'), and greater deliveries under Plan Gas, partially offset by lower petrochemical reformer volumes and softer gas sales to industries and Chile. Strong thermal availability and solid wind generation in Q1 25: Pampa's main operational KPIs Q1 25 Q1 24 Variation Oil and gas Production (k boe/day) 72.7 73.1 -0% Gas over total production 96% 94% +2% Average gas price (US$/MBTU) 3.0 3.2 -6% Average oil price (US$/bbl) 68.4 68.6 -0% Power Generation (GWh) 5,951 5,928 +0% Gross margin (US$/MWh) 24.6 20.2 +22% Petrochemicals Volume sold (k ton) 84 110 -24% Average price (US$/ton) 1,095 1,098 -0% Adjusted EBITDA3 reached US$220 million in Q1 25, up 17% from Q1 24, mainly explained by spot energy and PEPE 6 in the power generation, along with higher Plan gas volumes and tariff increases in TGS and Transener, partially offset by higher operating costs, lower gas sales to industries and Chile, and reduced production in petrochemicals. US$153 million net profit to the Company's shareholders, 43% lower than in Q1 24 due to a smaller recovery from non-cash deferred income tax and increasing operating costs, offset by higher sales and positive net financial results. Net debt stood at US$577 million, mainly reflecting increased working capital requirements and continued investment in the Rincón de Aranda development. 1 The information is based on financial statements ('FS') prepared according to International Financial Reporting Standards ('IFRS') in force in Argentina. 2 Sales from the affiliates CTBSA, Transener and TGS are excluded, shown as 'Results for participation in joint businesses and associates.' 3 Consolidated adjusted EBITDA represents the flows before financial items, income tax, depreciations and amortizations, extraordinary and non-cash income and expense, equity income, and includes affiliates' EBITDA at our ownership. Further information on section 3.1. Consolidated balance sheet(As of March 31, 2025 and December 2024, in millions) Figures in million As of 03.31.2025 As of 12.31.2024 AR$ US$ AR$ US$ ASSETS Property, plant and equipment 2,883,249 2,685 2,690,533 2,607 Intangible assets 102,367 95 99,170 95 Right-of-use assets 10,720 10 11,330 11 Deferred tax asset 226,917 211 161,694 157 Investments in associates and joint ventures 1,184,425 1,103 1,024,769 993 Financial assets at fair value through profit and loss 29,272 27 28,127 27 Other assets 431 - 366 - Trade and other receivables 186,248 173 76,798 75 Total non-current assets 4,623,629 4,304 4,092,787 3,965 Inventories 267,766 250 230,095 223 Financial assets at amortized cost 86,930 81 82,628 80 Financial assets at fair value through profit and loss 722,388 673 877,623 850 Derivative financial instruments 10 - 979 1 Trade and other receivables 569,480 530 503,529 488 Cash and cash equivalents 387,416 361 761,231 738 Total current assets 2,033,990 1,895 2,456,085 2,380 Total assets 6,657,619 6,199 6,548,872 6,345 EQUITY Equity attributable to owners of the company 3,728,731 3,472 3,391,127 3,286 Non-controlling interest 10,384 10 9,167 9 Total equity 3,739,115 3,482 3,400,294 3,295 LIABILITIES Provisions 109,698 102 141,436 137 Income tax and minimum notional income tax provision 81,851 76 77,284 75 Deferred tax liability 50,743 47 50,223 49 Defined benefit plans 34,110 32 31,293 30 Borrowings 1,437,072 1,338 1,416,917 1,373 Trade and other payables 90,035 83 87,992 84 Total non-current liabilities 1,803,509 1,678 1,805,145 1,748 Provisions 10,487 10 10,725 10 Income tax liability 321,343 299 265,008 257 Tax liabilities 34,599 32 30,989 30 Defined benefit plans 7,077 7 7,077 7 Salaries and social security payable 25,665 24 40,035 39 Derivative financial instruments 705 1 2 - Borrowings 379,018 353 728,096 706 Trade and other payables 336,101 313 261,501 253 Total current liabilities 1,114,995 1,039 1,343,433 1,302 Total liabilities 2,918,504 2,717 3,148,578 3,050 Total liabilities and equity 6,657,619 6,199 6,548,872 6,345 Consolidated income statement(For the quarters ended on March 31, 2025 and 2024, in millions) First quarter Figures in million 2025 2024 AR$ US$ AR$ US$ Sales revenue 438,715 414 337,376 401 Domestic sales 372,894 352 274,579 326 Foreign market sales 65,821 62 62,797 75 Cost of sales (301,010 ) (285 ) (215,183 ) (258 ) Gross profit 137,705 129 122,193 143 Selling expenses (22,490 ) (21 ) (13,580 ) (16 ) Administrative expenses (45,055 ) (43 ) (34,238 ) (41 ) Exploration expenses (58 ) - (82 ) - Other operating income 35,473 32 28,992 35 Other operating expenses (23,711 ) (22 ) (26,385 ) (31 ) Impairment of financial assets (212 ) - (29,830 ) (34 ) Impairment on PPE, int. assets & inventories (807 ) - (32 ) - Results for part. in joint businesses & associates 48,144 46 51,416 61 Income from the sale of associates - - 1,458 2 Operating income 128,989 121 99,912 119 Financial income 35,494 33 1,347 2 Financial costs (42,844 ) (41 ) (43,955 ) (53 ) Other financial results 38,050 37 43,805 52 Financial results, net 30,700 29 1,197 1 Profit before tax 159,689 150 101,109 120 Income tax 3,029 4 122,687 148 Net income for the period 162,718 154 223,796 268 Attributable to the owners of the Company 161,886 153 223,796 267 Attributable to the non-controlling interest 832 1 - 1 Net income per share to shareholders 119.0 0.1 164.6 0.2 Net income per ADR to shareholders 2,975.8 2.8 4,113.9 4.9 Average outstanding common shares1 1,360 1,360 Outstanding shares by the end of period1 1,360 1,360 Note: 1 It considers the Employee stock-based compensation plan shares, which amounted to 3.9 million common shares as of March 31, 2024 and 2025. Consolidated cash flow statement(For the quarters ended on March 31, 2025 and 2024, in millions) Figures in millions As of 03.31.2025 As of 03.31.2024 AR$ US$ AR$ US$ OPERATING ACTIVITIES Profit of the period 162,718 154 223,796 268 Adjustments to reconcile net profit to cash flows from operating activities 8,017 3 (74,640 ) (94 ) Changes in operating assets and liabilities (76,850 ) (67 ) (163,370 ) (194 ) Net cash generated by (used in) operating activities 93,885 90 (14,214 ) (20 ) INVESTING ACTIVITIES Payment for property, plant and equipment acquisitions (164,292 ) (162 ) (109,435 ) (139 ) Collection for sales of public securities and shares acquisitions, net 147,374 151 56,151 87 Recovery of mutual funds, net 237 - 1,117 1 Payment for companies??acquisitions (33,327 ) (31 ) (19,750 ) (24 ) Payment for right-of-use (553 ) (1 ) (4,346 ) (5 ) Collection for equity interests in companies sales - - 6,206 7 Collection for joint ventures?? share repurchase - - 30,135 37 Dividends collection - - 6,955 8 Net cash generated by (used in) investing activities (50,561 ) (43 ) (32,967 ) (28 ) FINANCING ACTIVITIES Proceeds from borrowings 47,700 45 112,857 133 Payment of borrowings (74,142 ) (70 ) (10,959 ) (13 ) Payment of borrowings interests (39,094 ) (38 ) (34,128 ) (42 ) Repurchase and redemption of corporate bonds (377,408 ) (360 ) - - Payments of leases (968 ) (1 ) (782 ) (1 ) Net cash (used in) generated by financing activities (443,912 ) (424 ) 66,988 77 (Decrease) Increase in cash and cash equivalents (400,588 ) (377 ) 19,807 29 Cash and cash equivalents at the beginning of the year 761,231 738 137,973 171 Effect of exchange rate changes on cash and cash equivalents 26,773 n.a. 13,797 n.a. (Decrease) Increase in cash and cash equivalents (400,588 ) (377 ) 19,807 29 Cash and cash equivalents at the end of the period 387,416 361 171,577 200 Note: The amounts of cash and cash equivalents does not consider financial assets at fair value through profit or loss and investments at amortized cost. For the full version of the Earnings Report, please visit Pampa's Investor Relations website: Information about the video conference There will be a videoconference to discuss Pampa's Q1 25 results on Tuesday, May 13, 2025, at 10:00 a.m. Eastern Standard Time/11:00 a.m. Buenos Aires Time. The hosts will be Gustavo Mariani, CEO, Adolfo Zuberbühler, CFO, Horacio Turri, VP and executive director of E&P and Lida Wang, investor relations and sustainability officer at Pampa. For those interested in participating, please register here. For further information about Pampa: investor@ SOURCE: 1/3 Pampa Energía S.A. 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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
09-05-2025
- Business
- Yahoo
TGS Successfully Commenced an Active North Europe Summer Season
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 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 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 reasonSign in to access your portfolio
