52 Week Range
As of on the Oslo Stock Exchange ∙ Minimum 15 minute delay
3M AVG Volume
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PGS Targets Lower Congo Basin In New Angola Acquisition
PGS ASA Q4 Segment Falls To EBIT USD 20.4 Mln
PGS ASA Q4 2020 Update
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
Executive Vice President - Sales & Imaging
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Seismic surveyor TGS <PGS.OL> said on Friday it would continue to seek consolidation in the geophysical data industry despite a rejection of its unsolicited offer to buy a key unit of competitor PGS <PGS.OL>.
Seismic surveyor PGS said on Thursday it had rejected a $600 million offer for its geophysical data library from rival TGS, arguing that the bid undervalued the assets and that a sale would hurt its strategy.
Seismic surveyor TGS's <TGS.OL> unsolicited cash offer of $600 million for part of rival PGS <PGS.OL> sent its shares up as much as 67% in early trading on Friday.
Seismic surveyor TGS <TGS.OL> could raise up to $400 million in new equity to pay for its proposed $600 million cash offer for a key unit of rival PGS <PGS.OL>, a senior TGS official told Reuters on Friday.
Seismic surveyor TGS, a supplier of geological data to the global oil industry, on Thursday said it had made an unsolicited cash offer of $600 million for a key part of rival PGS.
* CORONA VIRUS PANDEMIC AND DISRUPTION IN OIL MARKET PRESENT UNPRECEDENTED CHALLENGES FOR OFFSHORE SERVICES INDUSTRY
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.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.