52 Week Range
As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay
3M AVG Volume
52 Week High
52 Week Low
Shares Out (MIL)
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PGS aims to refinance debt without raising equity -CFO
PGS Q3 Segment EBITDA Rises To USD 160.2 Mln
PGS Q3 Segment Revenues At About $235 Mln
PGS ASA, formerly known as Petroleum Geo-Services ASA, is a Norway-based marine geophysical company that provides a range of seismic and reservoir services, including acquisition, imaging, interpretation and field evaluation. It operates through three segments: MultiClient, Marine Contract and External Imaging. Multiclient provides a data library that contains advanced images of the subsurface that oil and gas companies use to explore for hydrocarbons. The MultiClient library consists of seismic data surveys which are licensed to customers on a non-exclusive basis. Marine Contract performs seismic services under contract in accordance with customer specifications. External Imaging activities are directed towards supplying services to a wide range of exploration and production companies. Imaging services comprise proprietary GeoStreamer-based imaging technology, as well as reservoir characterization and 4D (four-dimensional) oriented processing solutions. The Company operates globally.
Oil Well Services & Equipment
Independent Chairman of the Board
Rune Olav Pedersen
President, Chief Executive Officer
Anne Grethe Dalane
Independent Vice Chairperson of the Board
Chief Financial Officer, Executive Vice President
Per Arild Reksnes
Executive Vice President, Operations & Technology
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PGS, the world's largest seismic surveyor, called off a planned debt refinancing on Wednesday, citing worsening investor sentiment toward the oilfield services sector over the past weeks, sending the Norwegian company's shares down 24%.
Seismic surveyors Petroleum Geo Services and TGS, key data suppliers to the oil industry, warned of lower-than-expected first-quarter sales on Monday as initial project funding from explorers fell short.
OPEC oil output is set to rise by 145,000 barrels per day (bpd) this month, a company which tracks OPEC supply forecast on Friday, indicating lower compliance with a pact to reduce production.
* announce the fourth 3D seismic project offshore Eastern Canada for 2017
* Petroleum Geo-Services (PGS) and TGS-NOPEC announce the expansion of their jointly owned MultiClient library offshore Eastern Canada
Seismic surveying company PGS posted a bigger loss than forecast for its fourth quarter on Thursday due to weaker than expected sales of its data, but said it expects demand for its services to grow as the oil market picks up.
OPEC oil output is set to fall by 900,000 barrels per day (bpd) this month, a company that tracks OPEC supply said on Friday, pointing to a strong start by the exporter group in implementing a supply cut deal.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.