We're pleased to announce the completion of the merger between TGS and PGS, launching a new chapter in our 43-year history. This merger brings together the strengths of both companies with a new Executive team, positioning TGS as the foremost data and services company across the energy value chain. "This is more than a merger of two companies," said Kristian K. Johansen, CEO at TGS. "It's a blending of strengths, uniting our robust financial performance, exceptional customer service, operational excellence, cutting-edge technology and innovation. Our new executive team is poised to drive forward these advancements with a fresh strategic vision, ensuring that our combined expertise translates into greater value for our customers and shareholders; while our new brand identity captures our commitment to being a strategic partner for energy companies worldwide, providing the insights and solutions needed for today and anticipating the challenges of tomorrow." Join us on August 29, 2024, for our Capital Markets Day, where TGS leadership will present more information on the vision for the new company. Read the full release: https://hubs.ly/Q02DV0xR0 #TGS #EnergyStartsWithUs #EnergyData
About us
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. TGS reserves the right to remove any damaging comments from posts. Please comment professionally and respectfully. As a follower of TGS, you agree to model proper internet citizenship by maintaining a positive and supportive atmosphere. Thank you for your cooperation and support!
- Website
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http://www.tgs.com
External link for TGS
- Industry
- Data Infrastructure and Analytics
- Company size
- 501-1,000 employees
- Headquarters
- Houston, Texas
- Type
- Public Company
- Specialties
- Geoscience data, seismic data, well data, data integration solutions, Imaging, Subsurface data, Energy data, Energy insights, Wind data, and Renewables data
Locations
Employees at TGS
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Kristin Omreng
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Serap Cetin
Corporate Finance | FP&A | Investor Relations | M&A | Transaction Advisory | Valuation | Audit
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Arne-Christian Gnutzmann
Finance Director TGS Digital Energy Solutions
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Jason Robinson
Technology Commercializer | Team Builder and Mentor | Enterprise Developer | Lifetime Geoscientist (and Athlete) | Oil and Gas Evergreen |…
Updates
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Final data for our ultra-long offset ocean-bottom node [OBN] seismic survey, Engagement 3, is now available! Located in the Green Canyon area of the U.S. Gulf of Mexico, the 111 OCS block survey was processed by our project partners, SLB, utilizing cutting-edge Elastic FWI up to 14 Hz maximum frequency. Engagement 3 extends the data coverage to the south from prior phases and provides the industry with access to improved image quality in this geologically complex basin. Learn more about our OBN data coverage in the GoM: https://hubs.ly/Q02G_2yQ0 #TGS #EnergyData #OceanBottomNode #Exploration
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TGS Signs Agreement with Mauritania to Offer Key Subsurface Data. TGS has signed an agreement with Mauritania’s Ministère du Pétrole, des Mines et de l’Énergie to integrate, enhance and license additional subsurface data, strengthening their position as the sole provider of multi-client subsurface data in the Republic. Existing data includes modern seismic acquired as recently as 2020. Read the full release: https://hubs.ly/Q02Hmp_Q0 #TGS #EnergyData #Seismic #MSGBC
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In this edition of our Weekly Spotlight Newsletter, Matt Mayer reviews the pre-2024 U.S. oil forecast and provides an update on production through the first half of the year. He highlights how domestic oil output has exceeded forecasts despite declining drilling rig activity and explores two key factors that could explain this overperformance. Read the full article to discover how Well Data Analytics platform maximizes insights from our world’s largest data library to evaluate the effects of reduced uncompleted well inventories and changing production profiles on future output. #TGS #WellDataAnalytics #OilAndGas #EnergyData
2024 Mid-Year US Oil Production Check-In
TGS on LinkedIn
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New Report Highlights Cable Failure as a Major Future Challenge in Offshore Wind Our latest quarterly Offshore Transmission and Cables report includes a comprehensive analysis of cable failures in offshore wind, exploring the causes, associated costs, and real-world case studies detailing impacts and solutions. This analysis is part of a detailed report that provides an in-depth examination of offshore wind cables and interconnectors, offering critical insights for industry stakeholders. Leveraging expert insights from 4C Offshore, this report offers new data on failure rates of offshore wind cables and interconnectors. It predicts around 3,600 cable failures between 2024 and 2035, potentially costing EUR 61.5 billion. Read the release: https://hubs.ly/Q02H6YgM0 #TGS #EnergyData #offshorewind #cables
New Report Highlights Cable Failure as a Major Future Challenge in Offshore Wind
tgs.com
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TGS Announces Its Q2 2024 Results “Without any special sales events, such as licensing rounds and transfer fees, we are satisfied with the development in multi-client revenues in the quarter. Late sales increased by 6% compared to the same quarter of last year and we continued to show strong sales of ongoing surveys with an early sales rate of 94%. Proprietary revenues increased approximately 30% sequentially and our operational performance was solid for ongoing projects. Furthermore, I'm pleased to see a strong order inflow in our Acquisition business in the quarter, reflecting continued growth in demand for OBN data acquisition services. By completing the merger with PGS on 1 July, TGS is perfectly positioned to support our customers' exploration ambitions and capitalize on what we think will be a multi-year upcycle,” says Kristian K. Johansen, CEO of TGS. View the full release: https://hubs.ly/Q02H1mg_0 #TGS #EnergyData #InvestorRelations
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TGS Announces Extension to its Ocean Bottom Node (OBN) Acquisition Campaign in West Africa This additional program for a major customer will extend the ongoing acquisition cooperation well into Q4 2024. Read the full release: https://hubs.ly/Q02H1mqr0 #TGS #EnergyData #OBN
TGS Announces Extension to its OBN Acquisition Campaign in West Africa
tgs.com
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This week, we continue our groundbreaking Ocean Bottom Node (OBN) coverage of the U.S. Gulf of Mexico as we commence acquisition on the Engagement 5 OBN multi-client program together with our project partner, SLB. Spanning 3,650 km², this dataset will support existing and new leaseholders, as well as regional explorers, with the most technically advanced subsurface imaging, achieved through the utilization of long offset data combined with the application of elastic full-waveform inversion. Initial data results are expected to be available in Q1 2025. To learn more about our coverage in the Gulf of Mexico, visit: https://hubs.ly/Q02GXnfV0 #TGS #EnergyData #GoMExploration #OceanBottomNode
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TGS Secures Ocean Bottom Node Data Acquisition Contract in North America This six-month-plus contract, granted by a major returning client, reinforces TGS' position in the market and underscores its commitment to delivering high-quality seismic data solutions. Read the full release: https://hubs.ly/Q02GNW990 #TGS #EnergyData #OBN
TGS Secures Ocean Bottom Node Data Acquisition Contract in North America
tgs.com
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TGS Imaging AnyWare Software Licensed to Shell in Four-year Deal TGS announces Shell Information Technology International B.V. has signed a global multi-year agreement to license the TGS Imaging AnyWare software suite. This agreement provides opportunities for strategic collaboration and underscores TGS’ commitment to harnessing advanced technology to elevate data processing and analytical capabilities for its clients. Read the full release: https://hubs.ly/Q02GGQfq0 #TGS #SoftwareSolutions #EnergyData
TGS Imaging AnyWare Software licensed to Shell in Four-year Deal
tgs.com