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Transportadora de Gas del Sur S.A.(TGS)
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TGS Q1 2025 Operational Update
Globenewswire· 2025-04-08 05:00
Core Insights - TGS ASA reported a significant year-on-year improvement in asset utilization for Q1 2025, with a normalized Ocean Bottom Node (OBN) crew count increasing from 1.9 in Q1 2024 to 2.8 in Q1 2025 for contract work, and from 0.0 to 0.2 for multi-client work [1] - The allocation of active seismic streamer 3D vessel capacity showed an increase in multi-client capacity from 30% in Q1 2024 to 36% in Q1 2025, indicating a positive trend in multi-client activity [1] - TGS expects a multi-client investment of approximately USD 130 million for Q1 2025, reflecting higher-than-expected investments in new data [1][2] Company Performance - CEO Kristian Johansen highlighted the healthy multi-client activity levels, particularly in frontier areas, and emphasized the company's strong balance sheet and leading assets [2] - The number of vessels decreased from 7 in Q1 2024 to 6 in Q1 2025, with a notable reduction in stacked/standby vessels from 21% to 13% [1] - TGS will release its Q1 2025 results on May 9, 2025, with a live presentation open to the public [2][3]
TGS awarded OBN 3D contract offshore Trinidad
Globenewswire· 2025-04-07 05:00
Core Insights - TGS has secured a shallow water OBN acquisition contract in Trinidad, with the 3D baseline survey set to begin in early Q3 and lasting approximately 80 days [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 [3]. - The company emphasizes its extensive and diverse energy data library, which supports exploration and production of energy resources globally [3]. Technology and Market Position - TGS's OBN technology is recognized as the preferred choice in the industry, aligning with clients' production budgets and asset optimization initiatives [2]. - The company has a proven track record in project execution, ensuring efficient delivery of high-quality data and insights to clients [2].
TGS Launches New Multi-Client Ultra Long Offset OBN Project in the Gulf of America
Globenewswire· 2025-04-01 05:34
OSLO, Norway (1 April 2025) – TGS, a leading global provider of energy data and intelligence, announces the commencement of a new Multi-Client Ultra Long Offset Ocean Bottom Node (OBN) data acquisition campaign in the Gulf of America. The Amendment 4 project will expand node coverage in TGS' Multi-Client library, adding over 1,100 square kilometers in the Mississippi Canyon, Ewing Banks, and Grand Isle South areas. Forward Looking Statement All statements in this press release other than statements of histo ...
Transportadora de Gas del Sur S.A.(TGS) - 2024 Q4 - Annual Report
2025-03-21 13:05
Tariff Adjustments - Transportadora de Gas del Sur S.A. announced a 2.5% increase in the Transitory Tariff Charts for the Natural Gas Transportation Service, effective January 1, 2025[7] - The tariff adjustment was approved by the Argentine Gas Regulatory Body (ENARGAS) through Resolution no. Nº 915/2024[7] - The new tariff charts will impact the company's revenue from natural gas transportation services starting in 2025[7]
TGS 2024 Annual Report
Globenewswire· 2025-03-21 08:28
Core Insights - TGS, a leading global provider of energy data and intelligence, published its 2024 annual report and Management Remuneration Report (MRR) [1][2] - The annual report is available in European Single Electronic Format (ESEF) and can be accessed through TGS's website [2] - TGS offers advanced data and intelligence solutions across the entire energy value chain, supporting exploration and production of energy resources globally [3] Company Overview - TGS provides a comprehensive range of insights to help clients in the energy sector make informed decisions [3] - The company utilizes leading-edge technology and has a diverse energy data library, establishing itself as a trusted partner in the industry [3]
TGS: Delivery of Shares from Vested 2023 Restricted Share Units
Globenewswire· 2025-03-13 16:00
Core Points - Carel Hooijkaas received 12,536 shares from the 15,000 Restricted Share Units granted, with the remaining shares' fair market value used for withholding obligations [1] - After the transaction, Carel Hooijkaas owns a total of 50,694 shares in TGS, while TGS has 175,238 treasury shares remaining [2] Company Overview - 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: MANDATORY NOTIFICATION OF TRADES
Globenewswire· 2025-03-13 14:39
Oslo, Norway (13 March 2025) – In February 2019, TGS implemented an Employee Share Purchase Plan (ESPP) pursuant to which eligible employees can purchase TGS common shares at a discount through payroll deductions. The ESPP operates in six-month periods, and at the end of each period, employees in eligible jurisdictions (United States, United Kingdom and Canada) have the option to purchase stock at a 15% discount to the market price at the time of purchase. The plan sets a maximum purchase of shares per empl ...
TGS: VESTING OF 2023 RESTRICTED SHARE UNIT AWARD
Globenewswire· 2025-03-04 16:11
Core Points - On March 1, 2025, 15,000 Restricted Share Units (RSUs) granted to Carel Hooijkaas vested, each representing the right to receive one share of TGS ASA's common stock [1] - The shares will be issued from the Company's treasury stock, and the vested RSUs may be partially settled in cash to cover tax withholding obligations [1] Company Overview - 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 is recognized as a trusted partner in the exploration and production of energy resources globally [3]
TGS: Mandatory Notification of Trade
Globenewswire· 2025-03-04 13:13
OSLO, NORWAY (4 March 2025) - Christopher Finlayson, Chairman of the Board of TGS, has today purchased 5,000 shares in TGS ASA at a price of NOK 102.1937 per share. Following the transaction he owns 38,000 shares in TGS. Attachment PDMR Appendix 4 March 2025 ...
TGS: MANDATORY NOTIFICATION OF TRADE
Globenewswire· 2025-03-01 06:00
Group 1 - TGS has awarded 15,000 Restricted Share Units (RSUs) to Carel Hooijkaas as per his employment agreement and TGS Remuneration Policy [1] - Each RSU entitles the holder to receive one share of the Company's common stock upon vesting [1] - The RSUs are backed by the Company's treasury stock [1] Group 2 - TGS provides advanced data and intelligence to companies in the energy sector [3] - The company utilizes leading-edge technology and solutions across the entire energy value chain [3] - TGS offers a comprehensive range of insights to assist clients in making informed decisions regarding energy resource exploration and production [3]