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TGS NOPEC Geophysical Company ASA (TGS.OL)

TGS.OL on Oslo Stock Exchange

276.30NOK
22 Jun 2018
Change (% chg)

kr11.00 (+4.15%)
Prev Close
kr265.30
Open
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Latest Key Developments (Source: Significant Developments)

Seismic firms PGS and TGS start new 3D multiclient survey offshore Canada
Friday, 1 Jun 2018 02:00am EDT 

June 1 (Reuters) - Petroleum Geo Services ASA and TGS::REG-PGS AND TGS ANNOUNCE NEW TABLELANDS 3D MULTICLIENT PROJECT OFFSHORE EAST CANADA.NEW TABLELANDS 3D GEOSTREAMER® SURVEY WILL COVER APPROXIMATELY 8,000 KM² IN AN ACTIVE NEWFOUNDLAND AREA OF FLEMISH PASS AND ORPHAN BASINS.ACQUISITION IS EXPECTED TO COMPLETE IN LATE Q3 2018..  Full Article

TGS Nopec Q1 revenues far above expectations
Tuesday, 10 Apr 2018 01:53am EDT 

April 10 (Reuters) - Seismic firm TGS NOPEC Geophysical Company ASA ::TGS Q1 REVENUES $135 MILLION (VERSUS THOMSON REUTERS I/B/E/S MEAN FORECAST $106 MILLION).WE ARE VERY PLEASED WITH OUR Q1 REVENUE PERFORMANCE, PARTICULARLY GIVEN THAT OVER 85% COMES FROM LATE SALES ATTRIBUTED TO EXISTING DATA LIBRARY.WITH ALL REGIONS PERFORMING ABOVE OUR EXPECTATIONS, WE SEE THIS AS ANOTHER SIGN OF AN UNDERLYING IMPROVEMENT IN MARKET.  Full Article

TGS announces new project offshore Brazil
Tuesday, 3 Apr 2018 01:56am EDT 

April 3 (Reuters) - TGS NOPEC Geophysical Company ASA ::TGS ANNOUNCES NEW MULTIBEAM AND SEEP STUDY PROJECT IN THE CAMPOS AND SANTOS BASINS OFFSHORE BRAZIL.‍ACQUISITION OF MULTIBEAM WILL COMMENCE LATE Q1 2018 WITH CORING AND GEOCHEMISTRY STAGE TO FOLLOW​.‍DATA WILL BE AVAILABLE IN Q4 2018 OVER ROUND 16 LICENSING AREAS SCHEDULED IN 2019​.‍FINAL RESULTS IN ALL AREAS WILL BE AVAILABLE IN LATE 2019​.‍SURVEY IS DESIGNED TO MIRROR SUCCESSFUL GIGANTE AND OTOS MULTIBEAM AND SEEP STUDY PROJECTS IN GULF OF MEXICO, CONDUCTED IN 2016 AND 2017​.‍MULTIBEAM PROGRAM WILL COVER APPROXIMATELY 200,000 KM2 AND WILL BE USED TO IDENTIFY 330 CORE TARGET LOCATIONS​.‍PROJECT IS SUPPORTED BY INDUSTRY FUNDING​.  Full Article

TGS CEO aims to keep dividend at $0.2 per share in coming quarters
Thursday, 8 Feb 2018 03:54am EST 

Feb 8 (Reuters) - Tgs Nopec Geophysical Company Asa ::TGS CEO: EXPECTS TO PAY OUT DIVIDEND OF $0.20 PER SHARE ALSO IN THE COMING QUARTER; AIM IS TO PAY OUT THE WHOLE FREE CASH FLOW.TGS CEO: WE HAVE INCREASED OR DIVIDEND (FROM $0.15 IN Q3) AND OUR AMBITION IS TO KEEP IT ON THAT LEVEL, IT WILL BE $0.8 FOR THE YEAR .TGS CEO: EXPECTS WESTERN GECO'S EXIT FROM MARINE SEISMIC VESSEL MARKET TO BE NEUTRAL FOR TGS.  Full Article

TGS q4 operating profit above forecast, sees flat 2018 demand
Thursday, 8 Feb 2018 01:00am EST 

Feb 8 (Reuters) - Seismic firm Tgs Nopec Geophysical Company Asa ::TGS Q4 REVENUES $‍157​ MILLION (REUTERS POLL $150 MILLION).TGS Q4 OPERATING RESULT $‍52​ MILLION (REUTERS POLL $45.3 MILLION).TGS 2018 GUIDANCE: ‍​ NEW MULTI-CLIENT INVESTMENTS OF APPROXIMATELY USD 260 MILLION.TGS 2018 GUIDANCE: ‍​ ADDITIONAL MULTI-CLIENT INVESTMENTS EXPECTED FROM SALES OF EXISTING SURVEYS WITH RISK SHARING ARRANGEMENTS.TGS 2018 GUIDANCE: ‍​ PRE-FUNDING OF NEW MULTI-CLIENT INVESTMENTS EXPECTED TO BE APPROXIMATELY 45-50%.TGS 2018 GUIDANCE: ‍​ AMORTIZATION EXPECTED TO BE APPROXIMATELY USD 310 MILLION.TGS 2018 GUIDANCE: ‍​ CURRENT BASE EXPECTATION IS FOR RELATIVELY FLAT DEMAND FOR SEISMIC DATA IN 2018, THE RISK IS ON THE UPSIDE GIVEN THE RECENT POSITIVE OIL PRICE TREND.TGS PROPOSES QUARTERLY DIVIDEND OF $0.20‍​ PER SHARE (VS $0.15 PER SHARE IN Q3).  Full Article

Polarcus Extends Collaboration And Vessel Agreement With TGS
Friday, 5 Jan 2018 02:35am EST 

Jan 5 (Reuters) - Polarcus Ltd ::REG-POLARCUS EXTENDS MULTI-CLIENT COLLABORATION AND VESSEL AGREEMENT WITH TGS.‍EXTENDED AGREEMENT WITH TGS FOR AN ADDITIONAL YEAR​.  Full Article

Polarcus Secures XArray Contract In Gulf Of Mexico
Thursday, 21 Dec 2017 01:01am EST 

Dec 21 (Reuters) - Polarcus Ltd ::REG-POLARCUS SECURES XARRAY CONTRACT IN GULF OF MEXICO.‍RECEIVED A LETTER OF AWARD FROM TGS-NOPEC GEOPHYSICAL COMPANY ASA.‍RECEIVED A LETTER OF AWARD FOR ACQUIRING 6,172 SQ.KM. OF 3D SEISMIC DATA IN GULF OF MEXICO.​.‍SURVEY WILL COMMENCE IN Q1 2018 FOR A PERIOD OF THREE MONTHS​.‍FOLLOWING THIS AWARD, ALL ACTIVE POLARCUS VESSELS WILL BE ON CONTRACT IN Q1 2018​.  Full Article

TGS Q3 operating below forecast, keeps 2017 guidance ‍​
Thursday, 26 Oct 2017 01:13am EDT 

Oct 26 (Reuters) - Seismic firm Tgs Nopec Geophysical Company Asa :Q3 revenues $ ‍142​ million (Reuters poll $141.0 million).Q3 operating result $‍26​ million (Reuters poll $31 million).Financial guidance unchanged from 23 may 2017​.New multi-client investments* of approximately usd 260 million​.Pre-funding of new multi-client investments* expected to be approximately 40-45%​.Quarterly dividend will be maintained at usd 0.15 per share​.Early indications of modest e&p spending growth in 2018 ‍​.Tgs nopec geophysical company asa: most market analysts expect e&p spending growth of 0 to 10% in 2018 ‍​.  Full Article

TGS says seismic market slowly getting better
Wednesday, 13 Sep 2017 06:28am EDT 

Sept 13 (Reuters) - Tgs Nopec Geophysical Company Asa CEO Kristian Johansen told a conference on Wednesday::"After q3 our prefunding percentage should be well within of our guidance range" for the year of 40-45 percent.says the market is slowly getting better.  Full Article

TGS sees oil majors exploring more as cash flows improves
Thursday, 3 Aug 2017 04:06am EDT 

Aug 3 (Reuters) - TGS NOPEC GEOPHYSICAL COMPANY ASA CEO KRISTIAN JOHANSEN TOLD ANALYSTS DURING THE Q2 EARNINGS CALL: :KNOWS NO OIL COMPANIES THAT EXPECT OIL PRICES TO RISE TO $75/BARREL SOON, ALL EXPECTING OIL PRICES AT $50-60/BARREL.EXPECTS OIL MAJORS TO INCREASE FOCUS ON EXPLORATION, SEISMIC ACQUISITION GOING FORWARD AS COST CUTTING EFFORTS HELPED TO IMPROVE CASH FLOWS.SAYS DISCUSSIONS WITH CLIENTS IS CERTAINLY MORE POSITIVE THAN A YEAR AGO, BUT THE SITUATION IS STILL VERY CHALLENGING.SAYS HAS PLANS TO STRENGTHEN ITS POSITION IN BRAZIL.  Full Article

NORWEGIAN STOCKS-TGS keeps surging after Q1 recovery

** Oslo's benchmark index rose 0.04 pct, or 0.33 points, to 830.16 points and was up by 1.89 pct year-to-date