reports
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Oliver Dunvold
- Stian Wibstad
TGS Awarded 4D Streamer Campaign Offshore Norway
TGS Awarded 4D Streamer Campaign Offshore Norway OSLO, Norway (15 January 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce award of four 4D streamer contract acquisition projects, three in the North Sea and one in the Barents Sea. The 4D campaign in the North Sea is scheduled to commence in early Q2 with back-to-back scheduling and a total duration of approximately 130 days. The 4D contract in the Barents Sea is scheduled to commence in late May with a total duration of approximately 50 days. Kristian Johansen, CEO of TGS, commented, "We are very p...
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- John Olaisen
- Martin Mauseth
- Stian Wibstad
- Steffen Evjen
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Oliver Dunvold
- Stian Wibstad
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Oliver Dunvold
- Stian Wibstad
- Steffen Evjen
Weekly news, topics & discussion
This week, Equinor reported a preliminary internal gas price of USD12.05/mmbtu for Q4, slightly below Bloomberg consensus and 10% below the TTF day-ahead for the quarter. It also announced that the ongoing outage at its Hammerfest LNG facility was being extended by 10 days to 19 January. In other news, BlueNord reported preliminary net production of 28.9kboed for December, and 26.0kboed for Q4, slightly below our estimate of 29.0kboed.
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Oliver Dunvold
- Stian Wibstad
- ABGSC Oil & Oil Services Research
- Haakon Amundsen
- John Olaisen
- Njål Kleiven
- Oliver Dunvold
- Stian Wibstad
EQNR EQUINOR ASA
AKAST AKASTOR ASA
PGS PGS ASA
KOG KONGSBERG GRUPPEN ASA
SOC SUBSEA 7 S.A.
PEN PANORO ENERGY ASA
ARCHERO ARCHER
AKER AKER ASA CLASS A
DNO DNO ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
BWO BW OFFSHORE LIMITED
PRS PROSAFE
OKEA OKEA
BWE BW ENERGY
BORR BORR DRILLING LTD
VAR VAR ENERGI ASA
SEAPT-NO SEACREST PETROLEO
DOFG DOF GROUP ASA
- ABGSC Oil & Oil Services Research
- John Olaisen
- Ian Wong
- Jayanth Kandalam
- Peter Low
- Si Yong Ng
- ABGSC Renewable Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Steffen Evjen
TGS (Buy, TP: NOK145.00) - Positive 2025 momentum intact
Q4 vessel utilisation was a tad soft at 66% compared to the guided ~70% as some MultiClient projects slipped into 2025. This also left MultiClient investments of cUSD100m at the low end of the USD100m–125m guidance. We have factored this into our 2024 estimates, reducing EPS by 8%, but believe focus should remain on the positive momentum, with recent contract awards adding visibility to its streamer fleet in H1 2025, likely resulting in strong outcomes YOY for vessel utilisation and FCF. We reit...
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Oliver Dunvold
- Stian Wibstad
- ABGSC Oil & Oil Services Research
- John Olaisen
TGS Q4 2024 Operational Update
TGS Q4 2024 Operational Update TGS Q4 2024 Operational Update OSLO, Norway (9 January 2025) – TGS, a leading global provider of energy data and intelligence routinely publishes a quarterly operational update six working days after quarter-end. The table below shows TGS’s normalized Ocean Bottom Node (OBN) crew count: 202220232024Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Normalized crewcount1 2.9 3.2 3.2 2.3 2.6 3.2 3.2 1.9 1.9 2.7 3.8 3.5 1) The table shows average number of crews in operation when assuming a normalized crew size. In Q4 2024 all crews were used for contract work. If crews are used for...
- Steffen Evjen
- Filipe Botelho
- Ian Wong
- Si Yong Ng
- ABGSC Energy Research
- Åsne Holsen
- Daniel Vårdal Haugland
- Haakon Amundsen
- John Olaisen
- Oliver Dunvold
- Stian Wibstad
TGS Announces Dawson III 3D Seismic Survey in the Western Canadian Sed...
TGS Announces Dawson III 3D Seismic Survey in the Western Canadian Sedimentary Basin (6 January 2025) – TGS, a global provider of energy data and intelligence announced today the launch of the Dawson Phase III 3D multi-client seismic survey in the Western Canadian Sedimentary Basin. Spanning 141 square kilometers, this new survey will be merged with 121 square kilometers from the existing . Field recording has just completed, with Fast Track data expected in the first quarter of 2025 and final delivery in the second quarter of 2025. The project utilizes advanced imaging technologies, inclu...
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