Transportadora de Gas del Sur S.A.(TGS)

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TGS Webcast Details for Q4 2024 Presentation
Globenewswire· 2025-01-30 07:00
Core Points - TGS, a leading global provider of energy data and intelligence, will release its Q4 2024 results on February 20, 2025, at 07:00 a.m. CET [1] - The results presentation will be conducted by CEO Kristian Johansen and CFO Sven Børre Larsen at 09:00 a.m. CET in Oslo, Norway [1] - The presentation will be open to the public and available via live webcast [2] Company Information - TGS provides advanced data and intelligence to companies in the energy sector, utilizing leading-edge technology and solutions across the entire energy value chain [3] - The company offers a comprehensive range of insights to assist clients in making informed decisions, supported by a diverse energy data library [3]
TGS Awarded Offshore Wind Site Characterization Contract in UK
Globenewswire· 2025-01-30 06:00
Core Insights - TGS has secured an offshore wind site characterization contract on the UK continental shelf, with a duration of approximately 30 days, and plans to mobilize the Ramform Vanguard in Q2 2025 [1][2] Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced technology and solutions across the entire energy value chain, which helps clients make informed decisions [3] - The company has a diverse energy data library and is recognized as a trusted partner in supporting the exploration and production of energy resources globally [3] Technological Advantage - TGS employs a geophysical approach using an ultra-high resolution 3D streamer for mapping shallow subsurface layers, which is significantly more efficient than traditional site survey methods [2] - The company emphasizes the value of shorter lead times in providing high-quality data to energy companies [2]
TGS Awarded Offshore Wind Site Characterization Contract
Globenewswire· 2025-01-29 06:00
OSLO, Norway (29 January 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of an offshore wind site characterization contract on the UK continental shelf for a repeat customer. The contract has a total duration of approximately 60 days and is scheduled to commence in Q1 2025. The Ramform Vanguard will be used for this project and is equipped with Ultra-high-resolution 3D (UHR-3D) streamers. The streamer technology samples the seismic wavefield at a high spati ...
TGS Awarded 4D Streamer Campaign Offshore Norway
Globenewswire· 2025-01-15 06:00
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 ...
TGS Q4 2024 Operational Update
Globenewswire· 2025-01-09 06:00
Core Insights - TGS reported strong utilization of Ocean Bottom Node (OBN) crews in Q4 2024, primarily focused on acquiring 4D production data in the US Gulf of Mexico [2] - The company anticipates organic multi-client investment for Q4 2024 to be around USD 100 million, reflecting project delays impacting investment and vessel utilization [1][2] - TGS announced four significant streamer contract awards in Q4 2024, which are expected to enhance visibility and vessel utilization for the first half of 2025 [2] Operational Metrics - The normalized OBN crew count for TGS in Q4 2024 was 3.5, showing an increase from 2.3 in Q4 2022 [1] - The allocation of active seismic 3D vessel capacity in Q4 2024 was as follows: 35% for contract, 31% for multi-client, 6% for steaming, 6% for yard, and 22% for stacked/standby [1] - The number of vessels remained consistent at 6 throughout 2024, with a peak of 7 vessels in Q3 2023 [1] Upcoming Events - TGS will release its Q4 2024 results on February 20, 2025, at 07:00 a.m. CET, followed by a live presentation at 09:00 a.m. CET [2]
TGS Announces Dawson III 3D Seismic Survey in the Western Canadian Sedimentary Basin
Globenewswire· 2025-01-06 06:00
(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 Dawson Phase II 3D. 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 te ...
TGS ASA announces launch of Senior Secured Notes offering
GlobeNewswire News Room· 2024-11-18 08:31
Core Viewpoint - TGS ASA announces the launch of an offering of Senior Secured Notes amounting to $550 million, maturing in 2030, as part of its refinancing strategy [1][2]. Group 1: Offering Details - The expected aggregate principal amount of the Senior Secured Notes is $550 million, with a maturity date set for 2030 [1]. - The proceeds from the Offering, along with cash on hand, will be utilized to redeem the entire outstanding amount of the 13.50% senior secured bonds due 2027 issued by Petroleum Geo-Services AS and to repay other existing debt financing [2]. Group 2: Financial Information - TGS has published pro forma financial information and a refinancing overview, which are available on the Company's corporate website [3]. Group 3: Company Overview - TGS is a global leader in energy data and intelligence, providing advanced data and insights to companies in the energy sector, supporting exploration and production of energy resources worldwide [4].
TGS ASA to hold fixed income investor meetings
GlobeNewswire News Room· 2024-11-11 08:39
Group 1 - TGS ASA is engaging with fixed income investors from November 11 to November 13, 2024, hosted by J.P. Morgan, Danske Bank, and DNB Markets [1] - The purpose of the upcoming transaction is to refinance and/or repurchase existing debt and for general corporate purposes [2] - TGS provides advanced data and intelligence to the energy sector, supporting exploration and production with a comprehensive range of insights and technologies [2]
Transportadora de Gas del Sur Is Priced For Perfection After Q3, An Easy Hold
Seeking Alpha· 2024-11-06 01:36
Group 1 - Transportadora de Gas del Sur (NYSE: TGS) reported its 3Q24 results, indicating significant profitability in the transportation segment, while midstream and liquids segments face challenges in pesos but perform better in dollars due to foreign exchange effects [1] - The company's operational focus is on long-term earnings power and competitive dynamics within the industry, rather than short-term market-driven price actions [1] - The analysis suggests a hold strategy for most companies, emphasizing the importance of operational insights for future investors [1]
TGS ASA rated ‘BB-‘ from S&P
GlobeNewswire News Room· 2024-10-23 13:40
OSLO, Norway (23 October 2024) – TGS ASA, a leading provider of energy data and intelligence is assigned a ‘BB-‘ rating from S&P with stable outlook. S&P’s rating on TGS ASA reflects the company’s conservative financial policies and relatively strong credit measures after the transformative acquisition of PGS. S&P is raising their issuer credit rating on TGS Newco (formerly PGS ASA) and its USD 450 million senior secured notes by three and two notches respectively, from ‘B-‘ to ‘BB-‘ and from ‘B’ to ‘BB-‘ ...