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
CGG Announces its Q1 Financial Results on Tuesday 14th May 2024, after Market Close PARIS, France April 26th, 2024 First quarter 2024 financial results and conference call CGG will announce its first quarter financial results on Tuesday 14th May, after market close. The press release and the presentation will be made available on our website at 5:40 pm (CET)An English language analysts conference call is scheduled the same day at 6.00 pm (CET) Participants should register for the call to receive a dial-in number and code or participate in the live webcast from A replay of th...
Publication des résultats financiers du T1 2024 le mardi 14 mai après bourse PARIS, France – 26 avril 2024 Résultats financiers du T1 2024 - conférence téléphonique CGG annoncera ses résultats du 1er trimestre 2024 le mardi 14 mai après bourse. Le communiqué de presse et la présentation seront disponibles sur le site à 17h40 (heure française).Une conférence téléphonique en langue anglaise est programmée à 18h00 (heure française) ce même jour. Pour accéder à la conférence en direct, merci de vous connecter à l’audio webcast depuis votre ordinateur sur le site . Les participan...
CGG: Availability of the preparatory documents for the Combined General Meeting CGGSociété Anonyme with a share capital of €7,136,762Registered office: 27 avenue Carnot, 91300 MassyEvry Trade and Company Register No.: 969 202 241 AVAILABILITY AND CONSULTATION OF THE PREPARATORY DOCUMENTS FOR THE CGG COMBINED GENERAL MEETING OF WEDNESDAY, MAY 15, 2024 Massy, France – April 24, 2024 The Combined General Meeting of CGG (the “Company”) will be held on Wednesday, May 15, 2024 at 10:30 a.m. at Business Center Paris Trocadéro, 112 avenue Kléber, 75016 Paris, France. The meeting notice publi...
CGG : Communiqué de mise à disposition des documents préparatoires à l'assemblée générale mixte CGG Société anonyme au capital de 7 136 762 €Siège social : 27 avenue Carnot91300 Massy969 202 241 R.C.S. Evry MISE A DISPOSITION ET CONSULTATION DES DOCUMENTS PREPARATOIRES A L’ASSEMBLEE GENERALE MIXTE DE CGG DU MERCREDI 15 MAI 2024 Massy, France – 24 avril 2024 L’Assemblée Générale Mixte de CGG (la « Société ») se tiendra le mercredi 15 mai 2024 à 10 heures 30 au Business Center Paris Trocadéro, 112 avenue Kléber, 75016 Paris L’avis de réunion publié au Bulletin des Annonces Légales Obli...
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...
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 ...
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...
Sercel Announces First Commercial Sale of its New 528 Land Acquisition System Sercel Announces First Commercial Sale of its New 528 Land Acquisition System Paris, France – April 10, 2024 CGG announced today the first major sale by , its Sensing & Monitoring business line, of its next-generation ™ cable-based land acquisition system to the Turkish Petroleum International Corporation (TPIC). The client will deploy the system, representing a total of 8,000 channels, on a 3D seismic survey in Turkey, across challenging, semi-arid terrain. Delivery of the system commenced at the end...
Sercel Annonce la Première Vente Commerciale de son Nouveau Système d'Acquisition Terrestre 528 Sercel Annonce la Première Vente Commerciale de son Nouveau Système d'Acquisition Terrestre 528 Paris, France – le 10 avril 2024 CGG annonce aujourd'hui la première vente par , sa division Sensing & Monitoring, du TM, le nouveau système d'acquisition terrestre à câble, à TPIC (Turkish Petroleum International Corporation). Le déploiement du 528 et de 8000 canaux, sur une étude sismique 3D dans un terrain difficile et semi-aride en Turquie, est prévu au troisième trimestre 2024. Cette premi...
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...
PGS ASA: Q1 2024 Update April 9, 2024, Oslo, Norway: Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS for Q1 2024 of approximately $217 million, compared to $143.1 million in Q1 2023. The Company expects Produced Revenues* for Q1 2024 of approximately $223 million, compared to $172.2 million in Q1 2023. Contract revenues ended at approximately $116 million in Q1 2024, compared to $94.1 million in Q1 2023. MultiClient late sales revenues were approximately $56 million in Q1 2024, compared to $25.6 million in Q1 2023. Estimated Produced Multi...
PGS - Letter of Award for Large 3D Contract Offshore South Atlantic Margin April 8, 2024, Oslo, Norway: PGS has received a letter of award for a large 3D contract offshore South Atlantic margin from a multiclient company. A Ramform Titan-class vessel is scheduled to commence mobilization in June, with a forecast acquisition duration of up to 300 days. “Seismic activity offshore South Atlantic margin is increasing as a result of recent exploration success, and we are very pleased with this letter of award, extending visibility for one of our Ramform Titan-class vessels well into 2025. The c...
CGG’s Long Term Debt Upgraded by S&P PARIS, France – April 8, 2024 CGG today announced that S&P Global Ratings ("S&P") has upgraded the Company's issuer credit rating to 'B-' from 'CCC+'. S&P noted "a markedly stronger 2024 – 2025 financial performance " as a reason for the upgrade. "We believe that S&P’s rating upgrade aligns with our recently communicated financial roadmap”, said CGG CFO, Jérôme Serve. “We remain focused on the strengthening of our financial performance, cash generation and balance sheet deleveraging.” Q1 2024 Results and conference call CGG will announce its fi...
La Dette à Long Terme de CGG Revue à la Hausse par S&P Paris, France – le 8 avril 2024 CGG annonce aujourd'hui que S&P Global Ratings (" S&P") a relevé la note de crédit émetteur de la société de " CCC+ " à " B- ", sur la base « d’une performance financière nettement plus forte attendue en 2024 – 2025 ». « Nous pensons que le réhaussement de la note de S&P est en ligne avec notre récente feuille de route financière », a déclaré Jérôme Serve, Directeur Financier de CGG. « Nous restons focalisés sur l’amélioration de la performance financière, la génération de trésorerie et la réductio...
CGG: Information on the total number of voting rights and shares CGG A French société anonymewith a share capital of € 7,136,762Registered office: 27 avenue Carnot, 91300 Massy, FranceEvry Trade and Companies Register 969 202 241 Information on the total number of voting rights and shares Pursuant to Article L. 233-8 II of the French Commercial Code and Article 223-16 of the General Regulation of the French Financial markets authority (AMF- Autorité des Marchés Financiers) Date of the informationTotal number of issued sharesNumber of actual voting rights*Number of theoretical voting ri...
CGG : Informations relatives au nombre total de droits de vote et d'actions CGG Société anonyme au capital de 7 136 762 eurosSiège social : 27 avenue Carnot, 91300 Massy, France969 202 241 R.C.S. Evry Informations relatives au nombre total de droits de vote et d'actions Prévues par l’article L.233-8 II du code du commerce et l’article 223-16 du Règlement Général de l'Autorité des Marchés Financiers Date d'arrêté des informationsNombre total d'actions composant le capitalNombre de droits de vote exerçables*Nombre de droits de vote théoriques**31 mars 2024713 676 258715 907 122715 932 118 ...
PGS Contract Award in Northern Europe April 4, 2024, Oslo, Norway: PGS is awarded a 4D contract in Northern Europe for an independent energy company. The Ramform Tethys is scheduled to mobilize for the survey in late April and the project has a total duration of approximately 30 days. “We are very pleased with this contract award, marking the start of the Northern Europe summer season for the Ramform Tethys. By combining the Ramform acquisition platform with our proprietary multi-sensor GeoStreamer technology we will quickly provide the client with high-quality 4D seismic data,” says Rune ...
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