reports
- ABGSC Oil & Oil Services Research
- John Olaisen
TGS Quarterly Dividend
TGS Quarterly Dividend OSLO, NORWAY (9 May 2025) – Following the authorization from the Annual General Meeting on 8 May 2025, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.155 per share (NOK 1.59 per share) in Q2 2025. Key information relating to the cash dividend: Dividend amount and declared currency: USD 0.155 per share (equivalent to NOK 1.59 per share)Last trading day including right: 15 May 2025 Ex-date: 16 May 2025Record date: 19 May 2025Payment date: 2 June 2025 Date of approval: 8 May 2025 About TGS TGS provides...
TGS announces Q1 2025 results
TGS announces Q1 2025 results OSLO, Norway (9 May 2025) - TGS today reports interim financial results for Q1 2025. Financial highlights: Strong multi-client performance driven by high interest for data in frontier areasMulti-client investment of USD 130 million supported by solid pre-commitments from clientsSignificant year-over-year improvement in asset utilization secured solid contract revenuesOrder inflow of USD 302 million during Q1 2025 – total order backlog of USD 600 millionStrong cash flow reducing net debt to USD 453 million from USD 500 million at the end of 2024Solid balance ...
TGS ASA - 2025 Annual General Meeting Held
TGS ASA - 2025 Annual General Meeting Held OSLO, NORWAY (8 May 2025) - The Annual General Meeting of TGS ASA was held on 8 May 2025. All resolutions proposed were approved by the shareholders. The minutes from the Annual General Meeting are available on For more information, visit TGS.com (), email , or contact: Bård Stenberg VP IR & CommunicationTel: E-mail: About TGSTGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to ...
TGS VESTING UNDER THE 2022 LONG-TERM INCENTIVE PLAN
TGS VESTING UNDER THE 2022 LONG-TERM INCENTIVE PLAN Oslo, Norway (08 May 2025) – TGS granted the third tranche of Performance Stock Units (PSUs) under the Magseis 2022 Long-term Incentive Plan previously adopted and authorized by the Board of Directors of TGS ASA in 2023. In accordance with the terms of this Plan, the third tranche of PSUs vested on 1 April 2025, resulting in a total of 51 PSU holders having the right to request the issuance of TGS shares. The company previously determined that the final payout on the PSUs is 58.3% based on achievement of performance metrics set forth i...
- Felix Fischer
- Haidje Rustau
- Jayanth Kandalam
- Peter Low
- Si Yong Ng
Lucror Analytics - Morning Views Europe
In today's Morning Views publication we comment on developments of the following high yield issuers: Trivium, TGS ASA, Intrum, Axactor, Virgin Media O2, Telecom Italia, Lottomatica (formerly Gamenet), Huhtamaki, Techem, Victoria, Teva, Encore Capital (formerly Cabot), Air Baltic
EMGS: Result of Written Resolution of Bondholders
EMGS: Result of Written Resolution of Bondholders Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025 pertaining to EMGS’ proposal to extend the maturity date for, and amend certain terms of, the Company’s outstanding bond issue Elec ASA 18/25 FRN USD FLOOR STEP C CONV (“EMGS03”). EMGS has today been notified by Nordic Trustee AS, as trustee for EMGS03, that the proposed resolution has been resolved and adopted. The notice from the written bondholders' resolution is attached to this release. ContactAnde...
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- John Olaisen
- Stian Wibstad
TGS Awarded 4D Streamer Contract
TGS Awarded 4D Streamer Contract OSLO, Norway (7 May 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a 4D streamer contract in the East Mediterranean. Acquisition is scheduled to commence in Q2 this year and the contract has a duration of approximately 90 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this 4D streamer contract. By leveraging the Ramform acquisition platform, coupled with our proprietary GeoStreamer technology we are well equipped to deliver high quality 4D data to our client." For more i...
EMGS: Summons for written resolution in relation to Elec ASA 18/25 FRN...
EMGS: Summons for written resolution in relation to Elec ASA 18/25 FRN USD FLOOR STEP C CONV Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025 regarding the Siem Day transaction, including the information therein regarding a proposed extension of the maturity date for Elec ASA 18/25 FRN USD FLOOR STEP C CONV (“EMGS03”) as well as certain other proposed amendments to the bond terms related to the transaction. Attached hereto is a summons for a written resolution by the bondholders in EMGS03. The propo...
EMGS: Establishes new business platform within Subsea Construction thr...
EMGS: Establishes new business platform within Subsea Construction through vessel acquisition – no equity required Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce a significant step in the Company’s strategic development through the establishment of a new business platform within the offshore subsea construction market. EMGS has entered into a set of agreements for a transaction (the “Transaction”) whereby a newly formed subsidiary of the Company will acquire the OSCV Siem Day (the “Vessel”) from Siem Day II AS (the “Seller”). The Siem Day, built in 2013 by...
- Steffen Evjen
TGS (Buy, TP: NOK110.00) - Exposed to spending cuts
We maintain our positive view on TGS; however, we have cut our 2025–2026e FCF by 20%, as we believe oil companies’ capex cuts could have a meaningful impact on seismic spending and TGS’s revenues. That said, near-term FCF should be supported by self-help elements from the PGS merger, and we find decent valuation support, with the stock trading at a ~15% FCF yield and ~9% dividend yield on 2025e. We reiterate our BUY, but have cut our target price to NOK110 (140).
- ABGSC Energy Research
- Daniel Vårdal Haugland
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
EMGS – Annual report for 2024 - ESEF
EMGS – Annual report for 2024 - ESEF Reference is made to the stock exchange notice published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 24 April 2025, where EMGS published its audited financial statements and annual report for 2024. As noted by the Company in that stock exchange notification, the European Single Electronic Format (ESEF) 2024 annual report would be published on or about 29 April 2025. The ESEF file is attached to this stock exchange notification and will also be available on . ContactAnders Eimstad, Chief Financial Officer, This informat...
- Martin Huseby Karlsen
Muted 2025 growth expectations
Following Q1 earnings calls by some of the oil service companies, 2025 outlooks appear more challenging than previously. Baker Hughes expects international upstream spending to decline by mid- to high-single digits, while Halliburton sees its international revenues flat to slightly down. Furthermore, Weatherford expects 2025 international revenue to decline by low double- to mid-double digits. Precision Drilling flagged additional rig suspensions by Saudi Aramco, and SLB highlighted a slow start...
SDRL SEADRILL LTD
ARCHERO ARCHER
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
BWO BW OFFSHORE LIMITED
BORR BORR DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
OTL ODFJELL TECHNOLOGY LTD
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
DOFG DOF GROUP ASA
VTURA VENTURA OFFSHORE
PLSV PARATUS ENERGY SERVICES LTD.
EMGS – Board of directors approves audited financial statements and an...
EMGS – Board of directors approves audited financial statements and annual report for 2024 The board of directors of Electromagnetic Geoservices ASA ("EMGS" or the "Company") has today approved EMGS' 2024 annual financial statements and annual report. There are no material changes to the financial statements compared to the preliminary and unaudited full year results presented by the Company on 10 February 2025. EMGS' annual report for 2024 is enclosed to this stock exchange notification. Based on ongoing dialogue, it is the Company’s understanding that bondholders in the Company’s outst...
- Martin Huseby Karlsen
ENI capex cut but maintains shareholder returns
Driven by macro headwinds and uncertainty around trade tariffs, ENI was the first large oil company to introduce capex cuts for 2025, contributing to a more challenging business environment for oil services. Over the past five years, we estimate ENI to have been the oil major with strongest offshore spending growth, and it has been considered active and opportunistic while others have been more conservative. Hence, we see its reduction as a soft datapoint for oil services. ENI has optimised its ...
SDRL SEADRILL LTD
ARCHERO ARCHER
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
BWO BW OFFSHORE LIMITED
BORR BORR DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
OTL ODFJELL TECHNOLOGY LTD
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
DOFG DOF GROUP ASA
VTURA VENTURA OFFSHORE
PLSV PARATUS ENERGY SERVICES LTD.
TGS Webcast Details for Q1 2025 Presentation
TGS Webcast Details for Q1 2025 Presentation Oslo, Norway (23 April 2025) - TGS, a leading global provider of energy data and intelligence will release its Q1 2025 results at approximately 07:00 a.m. CEST on 9 May 2025. CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 a.m. CEST at House of Oslo, Ruseløkkveien 34 in Oslo, Norway. The presentation is open to the public and will be webcasted live. Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use the link on the front page of :/landin...
EMGS – Vessel activity and multi-client sales update for the first qua...
EMGS – Vessel activity and multi-client sales update for the first quarter 2025 Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate. At the end of the first quarter 2025 the Co...
Notice of Annual General Meeting 2025
Notice of Annual General Meeting 2025 OSLO, NORWAY (15 April 2025) - The annual general meeting of TGS ASA ("TGS" or the "Company") will be held on 8 May 2025 as a virtual meeting through the facilities of Lumi at 17:00 hours (Oslo time). The notice for the annual general meeting is attached hereto (English and Norwegian), together with relevant appendices. The notice will be sent to all registered shareholders on 15 April 2025. To register your attendance, grant proxy or cast votes electronically in advance through VPS Investor Services, please use the following link: /gm/logOn.htm?tok...
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