ASKER, Norway, Aug. 3 (Korea Bizwire) — Following the authorization from the Annual General Meeting on 9 May 2017, the Board of TGS NOPEC Geophysical Company ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.15 per share (NOK 1.19 per share). Key information relating to the cash dividend: Dividend [...]
ASKER, Norway, Aug. 3 (Korea Bizwire) — TGS reported net revenues of USD 108 million in Q2 2017, slightly below Q2 2016 but up 25% from Q1 2017. Strong cash flow from operations of USD 59 million was a significant improvement from USD 9 million in Q2 2016. Quarterly dividend will be maintained at USD [...]
ASKER, Norway, Jul. 27 (Korea Bizwire) — TGS will release its Q2 2017 results at approximately 07:00 CEST on 3 August 2017. CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 CEST at the Hotel Continental, Stortingsgata 24/26 in Oslo, Norway. The presentation is open to the public and can [...]
ASKER, Norway, Jun. 12 (Korea Bizwire) — Diakaria Koulibaly, CEO of ONAP, announced the country’s first offshore Licensing Round at the NOC assembly, in Paris. The round will be open for six months from October 2017, with awards expected by October 2018. Companies will be able to submit bids on all open blocks. “This is [...]
ASKER, Norway, May 26 (Korea Bizwire) — TGS and Petroleum Geo-Services (“PGS”) announce the fourth 3D seismic project offshore Eastern Canada for 2017. Long Range 3D will comprise approximately 9,100 km2 of 3D GeoStreamer® data in the Eastern Newfoundland region. The survey covers open acreage which will be included in the November 2018 licensing round [...]
ASKER, Norway, May 23 (Korea Bizwire) — TGS demonstrates counter-cyclical strategy as it increases 2017 Investment Guidance to approximately USD 260 million. TGS has successfully secured prefunding commitments from clients to support additional multi-client investments in 2017. The new investment guidance represents an increase of approximately 20% over 2016 multi-client investments. “I am delighted to [...]
ASKER, Norway, Apr. 24 (Korea Bizwire) — TGS announces new multi-client acquisition project, Crean 3D on the Irish Atlantic Margin. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/325303aa-b36f-4de5-a678-60be534ae895 Crean 3D (CRN 3D) is a multi-client survey of more than 5,400 km2 located in the South Porcupine Basin between the Porcupine High and the Irish [...]
ASKER, Norway, Apr. 11 (Korea Bizwire) — TGS publishes its annual report for 2016, including a Corporate Sustainability Report and Declaration of Executive Remuneration. The report can be downloaded from www.newsweb.no or by clicking here. “We are pleased to release our Annual Report for 2016 and on behalf of the TGS family, I would like to thank [...]
ASKER, Norway, Apr. 4 (Korea Bizwire) — TGS announces a further expansion of its NWAAM multi-client library in the MSGBC Basin with plans to acquire more than 11,000 km of long-offset broadband 2D seismic data together with magnetic and gravity data, in Senegal and Gambia. This expansion is being undertaken in cooperation with Petrosen in [...]
ASKER, Norway, Mar. 13 (Korea Bizwire) — TGS announces new multi-client acquisition project, Carlsen 3D in Barents Sea, Norway. Carlsen 3D (CAR17 3D) is a 5,490 km2 multi-client survey in open acreage located in the Southwest Barents Sea between the Tromsø and Sørvestnaget Basins. Multi-level targets exist within Pre-Cretaceous, Cretaceous and Paleogene throughout the area [...]