Core Insights - TGS has secured its first OBN contract for the 2026 season in Europe, with mobilization scheduled for early May 2026 and a contract duration of approximately 60 days [1][2]. Company Overview - TGS is a leading provider of energy data and intelligence, offering advanced data technologies and solutions across the entire energy value chain [3]. - The company aims to build a robust acquisition campaign in Europe, capitalizing on several tenders for OBN projects planned for 2026 [2][3]. Technology and Execution - TGS's OBN technology has been recognized by a valued repeat customer, highlighting the company's proven track record in project execution and ability to deliver high-quality data on time [2].

Core Insights - TGS has secured rights to market and license geophysical data from the offshore basins of the Comoros, enhancing its regional data library for energy companies [1][3] - The ComorosSPAN survey is located near the Rovuma Basin, providing critical data for mapping tectonic elements and supporting reservoir sand mapping [2] - TGS will provide exclusive access to over 10,000 line-km of modern SPAN 2D seismic data, which is essential for companies evaluating investment prospects in offshore exploration [3] Industry Developments - TGS is deepening its partnership with the Union of the Comoros and the Bureau Géologique des Comores, which will aid explorers in evaluating the region confidently [4] - The company has also extended its agreement with Somalia's Ministry of Petroleum and Mineral Resources to market and license geophysical data from Somalia's offshore basins [4] - TGS is actively expanding its portfolio with new projects, including a multi-client 2D-cubed seismic project in the offshore Andaman region of India and a 3D seismic survey in Utah's Uinta Basin [5]

Core Insights - TGS has launched a new multi-client 2D-cubed seismic project in the offshore Andaman region of India, utilizing 2D-cubed technology to convert 2D seismic data into a 3D volume for enhanced geological analysis [1][3] Project Overview - The project spans 640,000 km² and targets both shallow and deep-water siliciclastic sediment basins in the Andaman-Nicobar area, covering four blocks from the OALP-X bid round [2] - Recent gas discoveries offshore Andaman Island and ongoing deep-water drilling have heightened interest in the region, prompting this initiative [2] Strategic Importance - The India Andaman 2D-cubed project enhances TGS's regional multi-client coverage and enriches its existing data library for India, providing operators with improved subsurface information for exploration assessments [3] - TGS aims to support operators in accelerating decision-making in a promising frontier basin, as stated by the company's multi-client executive vice-president [4] Market Context - With hydrocarbon demand growing at approximately 3% annually, India's economic growth necessitates continued investment in exploration, making this dataset crucial for companies assessing new opportunities [5] - TGS combines extensive subsurface knowledge and imaging tools to offer operators new opportunities for improved drilling outcomes [5]

Core Insights - Chevron Corporation has signed a three-year capacity agreement with TGS to enhance its seismic acquisition capabilities, focusing on marine streamer and Ocean Bottom Node (OBN) services [1][9] - The partnership aims to redefine geophysical data collection and interpretation, utilizing advanced technologies for offshore energy exploration [2][4] Strategic Partnership - The collaboration emphasizes the importance of high-resolution seismic data in the energy sector, with TGS' technologies deployed across Chevron's global operations [3][12] - A minimum commitment ensures Chevron will utilize TGS' services for at least 18 months, promoting consistent data acquisition [3] Technological Advancements - The partnership leverages OBN and marine streamer technologies, which provide unique advantages for offshore surveys, enhancing data resolution and accuracy [5][7] - OBN technology captures high-quality seismic data from the ocean floor, while marine streamer surveys map large offshore areas effectively [6][7] Project Highlights - A significant project under this agreement is the St Malo 4D OBN reservoir monitoring contract in the Gulf of Mexico, which will provide real-time data on reservoir behavior [10][11] - This real-time monitoring capability is expected to improve operational efficiency and support Chevron's sustainability efforts [11] Commitment to Innovation - The agreement reflects Chevron's commitment to innovative technologies and strategic partnerships, positioning the company at the forefront of energy exploration [12][13] - The collaboration aims to set new benchmarks in survey design, data quality, and integration, addressing modern energy exploration challenges [13][14]

Core Insights - TGS has announced the Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, covering approximately 14,800 square kilometers across 21 exploration blocks, primarily in un-held acreage expected to be included in upcoming bid rounds [1][3] Project Details - A Ramform Titan-class vessel will mobilize for the survey later in Q4 2025, with the project expected to run into Q3 2026, utilizing TGS GeoStreamer technology for high-resolution 3D seismic data [2] - The Pelotas Basin is characterized by early basin carbonates and passive margin clastic sequences, with three organic-rich intervals from Albian, Turonian, and Paleocene ages, attracting significant industry interest due to geological similarities with West Africa [3] Industry Context - CEO Kristian Johansen highlighted the acceleration of exploration activity in the Pelotas Norte Basin, with major oil companies increasing their presence, and emphasized that the survey will enhance seismic coverage and assist clients in understanding geological structures [4] - The addition of Pelotas Norte Phase I brings the total number of Ramform Titan-class vessels operating offshore Brazil to three for the remainder of 2025 and into 2026 [4]

Core Insights - TGS and Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services, with a minimum commitment of 18 months for these services [1] - The agreement aims to enhance collaboration on seismic acquisition projects and technology development across various geophysical areas [1][2] - The St Malo 4D OBN reservoir monitoring contract in the Gulf of America will be included in this agreement, initiating immediate collaboration [1] Company Overview - TGS provides advanced data and intelligence to the energy sector, utilizing leading-edge technology and a comprehensive data library to support exploration and production [3] - The company emphasizes its role as a trusted partner in the energy industry, offering insights that help clients make informed decisions [3]

Core Insights - TGS has announced the Roosevelt 3D seismic onshore survey in the Uinta Basin, marking its first multi-client project in the region and a significant advancement in exploration efforts in North America [1][2] Company Developments - The Roosevelt 3D survey is a pivotal milestone for TGS's expansion into the Uinta Basin, utilizing advanced subsurface imaging technologies to deliver high-resolution data that enhances geological modeling and supports informed reservoir exploration [2] - The survey targets key geological formations including the Green River, Wasatch, and Mesaverde formations, employing advanced processing techniques such as AVO & Phase Compliant processing flow, Ray Based Image Correction & Optimization (RICO), and Dynamic Matching diving wave and reflection FWI [2] - The survey will cover 667 wells and includes 459 LAS logs and 2,649 rasters, providing a comprehensive dataset for reservoir modeling and decision-making [2] Future Plans - The flexible design of the survey allows for adaptation to the evolving needs of the industry, with plans to integrate depth imaging capabilities in future phases [3] - Receiver tails have been implemented for continuous data acquisition, ensuring long-term adaptability for future exploration and development projects in the region [3] Timeline - Recording for the Roosevelt 3D survey is set to begin in late Q4 2025, with final acquisition expected to conclude in fall 2026, and preliminary data will be available during 2026 [4]

Core Insights - TGS reported solid financial results for Q3 2025 despite macroeconomic uncertainty and volatile oil prices, with contract revenues exceeding initial expectations due to strong library sales and higher asset utilization [1][2] - The company experienced a significant reduction in net debt, enhancing financial resilience and dividend capacity, while maintaining a cautious outlook due to low oil prices impacting E&P companies [2] Financial Performance - Q3 2025 revenues reached USD 388 million, reflecting a 26% sequential growth from the previous quarter [5] - The multi-client segment demonstrated solid performance with a sales-to-investment ratio of 1.9x year-to-date [5] - Order inflow during Q3 2025 amounted to USD 436 million, resulting in a total order backlog of USD 473 million [5] Cash Flow and Debt Management - Strong cash flow allowed TGS to reduce net debt to USD 432 million, down from USD 479 million at the end of Q2 2025 [5] - The company maintains a solid balance sheet, enabling a stable dividend payment of USD 0.155 per share scheduled for Q4 2025 [5] Capital Expenditure - TGS has revised its capex guidance for 2025 down to USD 110 million from the previous estimate of USD 135 million, reflecting continued scrutiny of cash outflow [5]

Core Insights - TGS has secured a streamer acquisition contract in Africa, set to commence in Q4 2025 and lasting approximately 50 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 utilizes the Ramform acquisition platform and proprietary GeoStreamer technology to ensure high data quality for clients [2][3]. - TGS maintains a comprehensive energy data library, making it a trusted partner for exploration and production in the energy sector [3].

Core Insights - TGS, a leading global provider of energy data and intelligence, will release its Q3 2025 results on 23 October at 07:00 a.m. CEST [1] - The results presentation will be conducted by CEO Kristian Johansen and CFO Sven Børre Larsen at 09:00 a.m. CEST on the same day, and it will be open to the public and webcasted live [1] - Access to the webcast is available through a specific link, and the earnings release and presentation will be published on TGS's official websites [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 is recognized as a trusted partner in the exploration and production of energy resources globally [3]