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 ...

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]

(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 ...

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].

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]

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]

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-‘ ...

Core Insights - TGS ASA has been assigned a Ba3 rating with a stable outlook by Moody's [1] - The USD 450 million backed senior secured notes, originally issued by Petroleum Geo-Services AS, have been upgraded from B2 to Ba3 [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 [2] - The company offers a comprehensive range of insights to assist clients in making informed decisions, supported by a global and diverse energy data library [2]

Core Viewpoint - TGS, a leading global provider of energy data and intelligence, will have CEO Kristian Johansen present at the Barclays CEO Energy-Power Conference in New York City on September 3, 2024 [1] 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 [1] - The company offers a comprehensive range of insights to assist clients in making informed decisions [1] - TGS boasts a broad range of products and advanced data technologies, supported by a global and diverse energy data library, establishing itself as a trusted partner in energy resource exploration and production worldwide [1] Event Details - The presentation will begin at 3:00 p.m. EDT on September 3, 2024, with a live audio cast available on the TGS website [1] - Presentation materials will be published on the TGS website at 07:00 a.m. CEST on the same day [1]

H 11 L B TH the E 0 the t in I t t 11 # onurdongel This article analyzes Transportadora de Gas del Sur S.A. (NYSE:TGS) 2Q24 results and earnings call. It also reviews the company's valuation compared to its future earnings potential. The main point from 2Q24 earnings is the impressive effect of the tariff adjustment of 700% (in Argentinian pesos) for the transportation segment. This segment, which was generally a breakeven business for TGS, printed close to ARS 70 billion (about $55 million depending on the ...