TGS revenues increase 79% in second quarter
TGS has seen its revenues increase in the second quarter of the year up 79% compared to earlier in 2016.
TGS
TGS, Schlumberger team up for Gulf of Mexico seismic work
TGS and Schlumberger have begun the acquisition of a number of surveys in the US Gulf of Mexico.
Fugro deploys vessel to support TGS survey work in Mexico
Fugro has deployed multi-purpose offshore vessel the Fugro Gauss to join one of its other vessels in Mexico as it completes the world’s largest seep-hunting survey for TGS.
Norwegian government files $39million claim against TGS, stating tax avoidance
The Norwegian government has filed a $39million compensation claim against seismic specialist TGS.
TGS to acquire more Eastern Canada seismic data
TGS said it plans to acquire more than 36,000km of 2D seismic data using two vessels during its 2016 season.
TGS hits net revenue of $64m in first quarter of 2016
TGS said it expects its net revenues for the first quarter of this year to be $64million.
Malaysia opens waters to multi-client seismic survey model
Malaysia has opened up its territorial waters in a bid to stimulate offshore E&P investment activity.
New chief exec takes on helm of TGS
TGS has appointed a new chief executive to take over the company.
TGS plans for lower activity in 2016
TGS said its operating revenues were down by more than 50% in the final quarter of last year compared with the same time in 2014. The seismic company said it also expects its full year revenues to be down by one third, with weak market conditions expected to continue into 2016.
TGS to reduce headcount by 130
Seismic specialist TGS said it will be reducing its global headcount by up to 130 jobs. The Norwegian company said the move has been made in a bid to improve efficiency and competitiveness during challenging market conditions.
TGS shares up on better than expected results
Share in TGS have been boosted by better than expected third quarter results. The seismic company has had to reduce costs as oil and gas companies have stripped back spending on exploration in a bid to deal with lower prices.
TGS sees only slight dip in Q3 profits
Norwegian oil and gas geoscience specialists TGS have seen a slight dip in their third quarter profits compared with 2013. The company’s net revenues were $190million, $1million less since the same time last year.