December 21, 2023, Oslo, Norway: PGS ASA and its subsidiaries announce today that the Company's $450 million senior secured bond is listed on Oslo Børs and available for trading. The prospectus for the $450 million senior secured bond can be downloaded from the Company's website www.pgs.com. FOR DETAILS, CONTACT: Bård Stenberg, VP IR & Corporate Communication Mobile: +47 992 45 235 *** PGS ASA and its subsidiaries is a [...]
November 9, 2023, Oslo, Norway: PGS is awarded a 4D acquisition contract* offshore West Africa. Mobilization is scheduled for Q4 and the contract has a total duration of approximately 60 days. "We experience continued high activity in our core West African markets and are very pleased with this contract award. Our Ramform acquisition platform in combination with multi-sensor GeoStreamer technology will provide the client [...]
November 6, 2023, Oslo, Norway: PGS is awarded a 3D exploration contract* in the Mediterranean. The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days. "We are very pleased with this contract award securing work for the Ramform Titan through the winter season. The Mediterranean is a hotspot serving the European gas market and we see potential [...]
Oslo, 30 October 2023 Reference is made to the joint announcement on 25 October 2023 made by PGS ASA and TGS ASA regarding the announcement of entering into a merger agreement for a triangular merger between the Company and TGS NewCo AS, with the latter as surviving entity, and TGS to issue the merger consideration shares to shareholders in PGS. The formal merger plan has been signed and submitted to the Norwegian [...]
Strong MultiClient Pre-funding Performance Establishing the Premier Energy Data Company Highlights Q3 2023 Produced Revenues of $184.8 million, compared to $216.5 million in Q3 2022 Produced EBITDA of $125.7 million, compared to $116.1 million in Q3 2022 Produced EBIT of $20.5 million, compared to $32.6 million in Q3 2022 Revenues and Other Income according to IFRS of $157.3 million, compared to $198.5 million in Q3 2022 [...]
Oslo, 25 October 2023: Reference is made to the joint announcement on 18 September 2023 made by PGS ASA and TGS ASA regarding the combination of the two companies to establish the premier energy data company. PGS and TGS jointly announce today that their respective boards of directors have approved and decided upon a definitive merger agreement, in line with the terms previously announced. The Merger is to be structured [...]
October 23, 2023, Oslo, Norway: An English arbitration tribunal has over the weekend provided a decision in PGS's favor regarding a dispute over transfer fees under several data license agreements. In 2022, PGS recorded revenues of approximately $30 million of transfer fees relating to a change of control event under several data license agreements, where the amount was still not agreed with the client. Given the [...]
October 13, 2023 Oslo, Norway: PGS will release its Q3 2023 results on Thursday October 26 at approximately 07:00am Central European Summer Time . The earnings release and the earnings presentation will be published on www.newsweb.no and on PGS' website www.pgs.com. President & CEO Rune Olav Pedersen and EVP & CFO Gottfred Langseth will present the results the same day at 10:00am CEST at PGS' headquarters, Lilleakerveien [...]
October 10, 2023, Oslo, Norway: Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS for Q3 2023 of approximately $141 million, compared to $198.5 million in Q3 2022. The Company expects Produced Revenues* for Q3 2023 of approximately $168 million, compared to $216.5 million in Q3 2022. Contract revenues ended at approximately $36 million in Q3 2023, compared to $100.7 million [...]
October 4, 2023 Oslo, Norway: PGS will release its Q3 2023 results on Wednesday October 25 at approximately 07:00am Central European Summer Time . The earnings release and the earnings presentation will be published on www.newsweb.no and on PGS' website www.pgs.com. President & CEO Rune Olav Pedersen and EVP & CFO Gottfred Langseth will present the results the same day at 09:00am CEST at PGS' headquarters, Lilleakerveien [...]
Oslo, 20 September 2023 PGS ASA refers to the announcement on 18 September 2023 regarding a successfully placed private placement of 45,760,726 new ordinary shares in the Company. The share capital increase pertaining to the Private Placement was registered with the Norwegian Register of Business Enterprises today 20 September 2023. Following registration of the share capital increase pertaining to the Private Placement [...]
The PGS presentation at the Pareto Securities Energy Conference can be downloaded from www.newsweb.no and www.pgs.com. President & CEO Rune Olav Pedersen will present today at 15:45 CEST at the conference. For details, contact: Bård Stenberg, VP IR & Corpoarte Communication Mobile: +47 992 45 235 Attachment PGS Pareto Securities Energy Conference presentation...