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 ...

OSLO, Norway (20th November 2024) – TGS ASA ("TGS" or the "Company"), a global leader in energy data and intelligence, today announced that it has priced its offering (the "Offering") of $550 million aggregate principal amount of 8.50% Senior Secured Notes due 2030 (the "Notes") at a price equal to 100.0% of the aggregate principal amount thereof. Interest will be payable semi-annually. In connection with the Offering, the Company has also announced that it has entered into new super senior secured credit f ...

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]

Transportadora de Gas del Sur (NYSE: TGS ) released its 3Q24 results without many changes to the situation already evidenced in 2Q24: the transportation segment's profitability has exploded, while midstream and liquids are more challenged in pesos while performing in dollars (because of FXLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, ...

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-‘ ...

OSLO, Norway (27 September 2024) – TGS ASA, a leading provider of energy data and intelligence is assigned Ba3 rating with a stable outlook from Moody's. The USD 450 million backed senior secured notes (originally issued by Petroleum Geo-Services AS, a fully owned subsidiary of TGS) are upgraded two notches from B2 to Ba3 with a stable outlook. Moody's press release announcing the rating action is available on their home page https://www.moodys.com/. For more information, visit TGS.com or contact: Bård Sten ...

Oslo, Norway (2 September 2024) – TGS, a leading global provider of energy data and intelligence, is pleased to announce that CEO Kristian Johansen will present at the Barclays CEO Energy-Power Conference in New York City on Tuesday, 3 September, 2024, beginning at 3:00 p.m. EDT. A live audio cast of the presentation is available from the link below and on the TGS website, www.tgs.com. A replay will be available for 180 days. Audiocast link: https://gbr01.safelinks.protection.outlook.com/? url=https%3A%2F%2 ...

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 ...