TGS-NOPEC Geophysical Company Company News

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TGS Shooting 3D Seismic in Texas and Alberta
Monday, February 10, 2020 Multi-client geoscience data provider TGS reported Thursday that it has begun acquisition of a pair of 3D seismic surveys--one in West Texas and the other in Alberta.

States Look to Block Seismic Surveys in Atlantic
Thursday, December 20, 2018 Attorneys general from 9 coastal states are intervening in a lawsuit aimed at blocking seismic surveys that could help pinpoint oil under Atlantic waters.

Trump Admin to Advance Seismic Surveys in Atlantic
Friday, November 30, 2018 The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters.

TGS Expects E&P Spend to Dip by up to 10% in 2017
Friday, October 28, 2016 Seismic surveyor TGS' CEO Kristian Johansen expects the exploration and production spend of oil companies to drop by up to 10% next year.

Schlumberger, TGS Begin 300-Block Gulf of Mexico Data Acquisition Program
Thursday, August 04, 2016 TGS and Schlumberger begin a data acquisition program covering over 300 blocks in the Green Canyon, Atwater Valley and Ewing Bank protraction areas of the Central Gulf of Mexico.

PGS: Improving Sentiment in Offshore Seismic Market
Thursday, July 21, 2016 Norwegian seismic explorer Petroleum Geo-Services says it is beginning to see early signs that its market is stabilizing.

TGS Commences the NW Shelf Renaissance 2D Seismic Survey off Australia
Wednesday, June 29, 2016 TGS commences the Northwest Shelf Renaissance 2D seismic survey offshore north west Australia.

TGS to Acquire 770 Square Miles of 3D Seismic Offshore Canada
Tuesday, May 24, 2016 TGS plans to acquire approximately 770 square miles of 3D seismic data, in partnership with PGS, offshore Eastern Canada.

New North Sea Beckons Oil Producers Off Canada’s East Coast
Friday, May 13, 2016 A change to an obscure shipping law is helping draw major oil companies to an area off Canada’s east coast that may rival the North Sea for its production potential.

EMGS Confirms Staff Cuts
Thursday, April 14, 2016 Norway's oil and gas survey technology firm Electromagnetic Geoservices ASA confirms that it will be laying off staff as a result of the lower oil price environment.

TGS Expects Further Revenue Decline
Friday, April 08, 2016 TGS expects net revenues for the first quarter of 2016 to be approximately $64 million, based on preliminary reporting from operating units.

TGS Appoints New CEO
Wednesday, March 09, 2016 Kristian Johansen will succeed Robert Hobbs as the company's chief executive officer, effective March 11, following Hobbs' decision to retire.

Norwegian Oil, Gas Survey Firms Report Declining Revenues
Thursday, January 07, 2016 EMGS and TGS report declining revenues in the face of a continued low oil price environment.

TGS: $65 Million Revenue Loss in 2Q 2015
Thursday, July 30, 2015 TGS reveals a net revenue loss of $65 million in the second quarter of 2015, compared to the same period last year.

TGS to Conduct New 3D Seismic Survey Offshore Canada
Monday, July 13, 2015 TGS says it will conduct a new multi-client 3D seismic survey offshore eastern Canada this summer.

TGS to Buy Seismic Data Library from Polarcus
Monday, June 29, 2015 TGS signs a letter of intent to acquire Polarcus's multi-client seismic data library for $27.5 million.

TGS Cooperates With Dolphin for Monuments 3D Survey Offshore Australia
Monday, June 22, 2015 TGS will provide data processing services in the Monuments 3D survey, which is being acquired by Dolphin Geophysical in the North Carnarvon Basin offshore Australia.

TGS, Polarcus Agree 3D Seismic Vessel Capacity Deal
Wednesday, June 10, 2015 Letter of intent will see Polarcus supply TGS with an estimated six months of 3D seismic vessel capacity in 2016.

Seismic Firm TGS Appoints New CFO
Wednesday, May 27, 2015 Seismic survey firm TGS appoints Sven Børre Larsen as its new chief financial officer.

TGS to Conduct New 2D Surveys Offshore Eastern Canada
Tuesday, May 12, 2015 TGS announces plans to conduct two new 2D surveys offshore Eastern Canada.

TGS's Revenues Fall Due to Decline in Seismic Data Services
Thursday, April 23, 2015 TGS-Nopec reports a fall in first quarter revenues, reflecting a deterioration in demand for seismic data as energy companies reduce exploration spending.

TGS, Dolphin Agree Barents Sea 3D Seismic Survey
Thursday, April 16, 2015 Norway's TGS signs a deal with Dolphin Geophysical to acquire around 1,675 square miles of 3D seismic data in the western Barents Sea.

Seismic Firm TGS to Cut 10th of Workforce, Slashes Guidance
Monday, April 13, 2015 Norwegian seismic survey firm TGS to lay off a 10th of its workforce as energy companies slash spending.

Polarcus Wins Offshore Norway Work for its Adira Seismic Vessel
Thursday, April 09, 2015 Polarcus wins a contract with fellow seismic survey firm TGS-Nopec that will see its 3D seismic vessel Polarcus Adira operate offshore Norway from this month.

TGS to Expand Declaration Survey in Gulf of Mexico
Thursday, February 19, 2015 TGS-NOPEC plans to expand its Declaration Multi-WAZ survey in the Gulf of Mexico's Mississippi and DeSoto canyons.

TGS Bucks Gloom with Record Results
Thursday, February 05, 2015 TGS reports 4Q revenue up more than 10 percent, while its order backlog is 13-percent greater than three months previously.

Norwegian Seismic Explorer TGS Expects 2015 Revenue Fall
Tuesday, January 13, 2015 Norwegian seismic explorer TGS posts greater-than-expect 4Q revenues but warns of energy companies curbing spending amid tumbling oil prices.

TGS To Complete $30M Buyback Program In 2015
Friday, January 02, 2015 TGS will continue to buy back its shares on the Oslo bourse in 2015 to complete a $30 million buyback program announced last February.

Norway's Seismic Surveyors Say Hit by Lower Oil Price
Thursday, October 23, 2014 Norwegian seismic survey firms TGS and PGS report a deterioration in demand from oil companies.

TGS Enters Anadarko Basin with Two 3D Surveys
Wednesday, October 15, 2014 TGS announces that it will be conducting two new multi-client surveys in Oklahoma, onshore US, later this year and during early 2015.

TGS Commences Declaration of New Multi-WAX 3D Project in GOM
Thursday, October 09, 2014 TGS announces the expansion of its Constitution group of WAZ 3D projects with the commencement of the Declaration survey.

TGS to Conduct Three Seismic Surveys Onshore Canada
Tuesday, October 07, 2014 Norwegian seismic survey firm TGS is to conduct three new 3D-3C seismic surveys in West Central Alberta, onshore Canada.

TGS Says Maintains Guidance despite Softer Market
Wednesday, September 10, 2014 Seismic survey firm TGS maintains its 2014 guidance even as the global exploration market softens.

Polarcus Completes UK Seismic Program for TGS
Wednesday, August 20, 2014 Polarcus says its 3D seismic vessel Polarcus Naila has completed a two-month program for Norway's TGS-NOPEC off the UK's Shetland Islands.

TGS to Start New 2D Seismic Survey in Central GOM
Wednesday, August 06, 2014 Norway's TGS will begin a new 2D seismic survey in the ultra-deep water part of the US central Gulf of Mexico in 3Q 2014.

Dolphin Bags Deal from TGS for Seismic Work in Australia's Ceduna Sub-basin
Friday, August 01, 2014 Dolphin Geophysical bags a contract from TGS for seismic work in the Ceduna Sub-basin in Australia.

TGS Boosts Order Book with New Seismic Contracts
Thursday, July 31, 2014 Seismic survey firm TGS continues to build its order book, winning three new contracts for multi-client surveys.

Norwegian Seismic Survey Firms See Mixed Picture
Thursday, July 24, 2014 Petroleum Geo-Services reports a decline in second-quarter revenues and profits, while fellow Norwegian firm announces two new sampling contracts.

Norway's TGS-Nopec Defies Seismic Industry Gloom With Profit Rise
Thursday, April 24, 2014 Seismic surveyor TGS-Nopec reports better-than-expected first-quarter profits.

SeaBird Agrees Mexico 2D Seismic Deal with TGS
Wednesday, April 02, 2014 SeaBird Exploration and TGS-NOPEC agree a deal to acquire up to 77,000 square miles of 2D seismic data offshore Mexico.

Seismic Surveyor TGS-Nopec Profit Beats Forecast
Thursday, February 06, 2014 Seismic survey firm TGS-Nopec posts better-than-expected fourth-quarter earnings, bucking the trend in the seismic survey sector.

TGS Revenue Beats Guidance, Could Rise Further
Thursday, January 09, 2014 Seismic survey firm TGS beats its own revenue guidance for 2013 and says it could post even greater revenue this year.

TGS Announces 3D Multi-client Seismic Survey Offshore South Australia
Monday, December 23, 2013 TGS has announced the acquisition of a 3D multi-client seismic survey in offshore South Australia.

Is Oil, Gas Capital Spending Really on the Wane?
Thursday, November 14, 2013 As third-quarter reporting season comes to an end, some European oilfield services firms say capital spending by operators is on the slide, yet medium-term forecasts suggest it will remain strong.

TGS Begins Seismic Surveys Offshore Madagascar
Thursday, November 07, 2013 Survey firm TGS begins acquisition of 2D seismic multi-client surveys offshore Madagascar.

TGS Awarded Three New Multi-Client Surveys
Wednesday, October 23, 2013 Seismic survey firm TGS announces three new multi-client surveys in North America.

TGS Notes New Multi-Client 3D Survey in Oklahoma, Texas
Tuesday, October 15, 2013 TGS announces a new 3D multi-client onshore survey covering Roger Mills County and Hemphill County.

Norway's TGS Cuts Revenue Guidance, Shares Tumble
Tuesday, October 08, 2013 Norwegian seismic survey firm TGS lowers its full-year revenue guidance for the second time in three months, signalling that the oil sector capital spending boom may be over.

EMGS, TGS Collaborate on Barents Sea 3D Seismic Project
Wednesday, June 19, 2013 Survey firms EMGS and TGS are investing in a 3D electromagnetic multi-client survey program covering 11 blocks in the Hoop area of the Barents Sea.

TGS Begins Seismic Acquisition Offshore Sierra Leone
Tuesday, March 19, 2013 TGS commences acquisition of a 2D multi-client survey offshore Sierra Leone.