TGS, a leading global provider of energy data and subsurface intelligence, has been awarded a contract to conduct a 2D seismic survey offshore Sumatra, Indonesia. The survey, announced in September 2024, will be conducted using COSL’s HYSY 718 vessel and is expected to cover between 5,500 and 6,500 line kilometers across two regions in the […]
TGS, a global leader in energy data and intelligence, has announced the extension of its deepwater Ocean Bottom Node (OBN) data acquisition campaign in West Africa. The new program, secured through a major customer, will continue well into the fourth quarter of 2024. This extension is anticipated to enhance the quality of seismic data, thereby […]
TGS, a global leader in energy data and intelligence, has entered into an agreement with Tanzania’s Petroleum Upstream Regulatory Authority (PURA) to manage and license over 132,000 square kilometers of the country’s offshore subsurface data. This dataset, crucial for understanding the geological underpinnings of the region, includes comprehensive 2D and 3D seismic data. Tanzania’s offshore […]
The Bangladesh Oil, Gas, and Mineral Corporation (Petrobangla) has officially launched the 2024 Bangladesh Offshore Bid Round, marking the first offering of offshore acreage since 2012. This significant event unveils fifteen deep water and nine shallow water blocks, opening new avenues for exploration in one of the world’s most promising yet underexplored regions. The bid […]
TGS, a global leader in energy data and intelligence, has announced the successful completion of a groundbreaking series of marine Ocean Bottom Node (OBN) surveys offshore Guyana. On December 1st, 2023, TGS marked a significant achievement with the final node recovery, concluding three exclusive OBN surveys commissioned by ExxonMobil Guyana. This accomplishment is not just […]
TGS ASA and PGS ASA announced that they have agreed on the principal terms for a merger, aiming to create a powerful full-service energy data company. As per Norwegian corporate law, the merger consideration for PGS shareholders will be 0.06829 ordinary shares of TGS for each PGS share. Post-merger, TGS and PGS shareholders will own […]
TGS-NOPEC Geophysical Company (TGS), a Norway-based energy data and intelligence provider, has acquired 4C Offshore, a market intelligence and consultancy firm that caters to the offshore wind industry with research and insights. Based in the UK, 4C Offshore, through its digital platform, offers developers, operators, asset managers, equipment providers and construction firms with key data […]
Petroleum Geo-Services (PGS) has rejected the proposal from its rival Norwegian geoscience data provider TGS-NOPEC Geophysical (TGS) of acquiring its multi-client data library for $600 million citing that the consideration is less. The Norwegian surveying services company said that after reviewing and evaluating the “unsolicited”, conditional and non-binding proposal from TGS, its board has concluded […]
Voyager 3D seismic survey : TGS-NOPEC Geophysical (TGS), a Norwegian geoscience data provider has announced a new multi-client US onshore 3D seismic survey called Voyager 3D within the Powder River Basin. Located in Johnson County, Wyoming, the Voyager 3D seismic survey will encompass nearly 555 square kilometers. According to TGS, the high-resolution survey is situated […]
TGS-NOPEC Geophysical (TGS), a Norwegian geoscience data provider, has submitted a conditional offer to acquire the multi-client data library of its rival Petroleum Geo-Services (PGS) for $600 million. Additionally, TGS has proposed to enter into a post-closing collaboration agreement with PGS for the latter’s multi-client projects. This would also cover certain preferential rights for PGS […]