PGS PGS ASA

PGS ASA: Q2 2020 Virtual Roadshow

PGS ASA: Q2 2020 Virtual Roadshow

July 2, 2020: Oslo, Norway; President & CEO Rune Olav Pedersen and EVP & CFO Gottfred Langseth are available for investor conference calls after release of the Q2 2020 results.

The conference call slot is 30 minutes and senior management is available from 12:30 to 16:00 CEST on Thursday July 23.

To schedule a conference call, please send your request to . Call-in details will be provided once a conference call is scheduled.

FOR QUESTIONS, CONTACT:

Bård Stenberg, SVP IR & Corporate Communication

Mobile:  +47 99 24 52 35

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PGS ASA and its subsidiaries (“PGS” or "the Company") is a focused marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. The Company operates on a worldwide basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS). For more information on PGS visit .

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EN
02/07/2020

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Reports on PGS ASA

 PRESS RELEASE

PGS ASA: Annual Report 2023

PGS ASA: Annual Report 2023 April 29, 2024, Oslo, Norway: PGS' 2023 annual report can be downloaded from or The Company's 2023 annual financial statements in European Single Electronic Format (ESEF) can be downloaded from the same web pages. For details, contact: Bård Stenberg VP IR & Corporate Communication Mobile: . Attachments

 PRESS RELEASE

PGS Webcast Details for Q1 2024 Presentation

PGS Webcast Details for Q1 2024 Presentation April 22, 2024, Oslo, Norway: PGS will publish its Q1 2024 results on Wednesday May 8, at 07:00am Central European Summer Time (CEST). The earnings release and the presentation will be published on and on PGS’ website   Rune Olav Pedersen, President & CEO and Gottfred Langseth, EVP & CFO will present the results the same day at 08:00am CEST at House of Oslo Conference Center, Ruseløkkveien 34, 0251 Oslo, Norway. The presentation is open to the public and will be webcasted live. To join the webcast, copy and paste the link below into your brow...

 PRESS RELEASE

PGS and TGS receives Norwegian competition clearance for Merger

PGS and TGS receives Norwegian competition clearance for Merger April 17, 2024, Oslo, Norway: Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA ("TGS" or the "Company," OSE: TGS) and PGS ASA ("PGS," OSE: PGS) regarding the combination of the two companies (the "Merger") to establish the premier energy data company, as well as subsequent announcements on 25 October 2023 and 1 December 2023 regarding, respectively, the execution of the definitive merger agreement and approval by the extraordinary general meetings. As further announced in the update ...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Limited change in EP spending

After reviewing oil companies’ most recent spending plans, we estimate offshore spending growth of c7% YOY for 2024, in line with our November update. Growth is concentrated, with Petrobras being the key driver, favouring service companies with Brazil exposure. Looking ahead, further spending growth is likely to be partly limited by total spending already being on a par with operating cash flow. Delayed energy transition spending is seen as positive for oil services, while recent E&P consolidati...

Steffen Evjen
  • Steffen Evjen

PGS (Hold, TP: NOK8.80) - Solid start to the year

PGS reported strong Q1 revenues of USD223m, primarily driven by stronger-than-expected contract revenues and late sales. A higher vessel allocation towards contract as opposed to MultiClient explained most of the deviation from our contract revenues, leaving implied dayrates broadly in line with expectations, mirroring a flattish sequential quarterly trend. Due to the contemplated merger with TGS scheduled to close in late-Q2, we continue to peg our PGS target price to our TGS target price and t...

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