logo
TGS Awarded Two 4D Streamer Contracts Offshore Norway

TGS Awarded Two 4D Streamer Contracts Offshore Norway

Yahoo10-02-2025
OSLO, Norway (10 February 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of two 4D streamer contract acquisition projects, one in the North Sea and one in the Norwegian Sea. The 4D projects are scheduled to be acquired back-to-back and commence in June. The total duration of the two surveys is approximately 80 days.
Kristian Johansen, CEO of TGS, commented, "We are pleased to secure two new 4D streamer contracts. Now we have a total of six 4D streamer contracts scheduled for the 2025 summer season on the Norwegian continental shelf. The clients value our GeoStreamer technology combined with the Ramform acquisition platform, ensuring efficient delivery of high-quality data."
For more information, visit TGS.com or contact:
Bård StenbergVP IR & Communication Mobile: +47 992 45 235investor@tgs.comAbout TGSTGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).
Forward Looking StatementAll statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.Sign in to access your portfolio
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cambodia to nominate Trump for Nobel Peace Prize for helping broker peace deal with Thailand
Cambodia to nominate Trump for Nobel Peace Prize for helping broker peace deal with Thailand

The Hill

time7 hours ago

  • The Hill

Cambodia to nominate Trump for Nobel Peace Prize for helping broker peace deal with Thailand

Cambodia floated plans Friday to nominate President Trump for the Nobel Peace Prize for helping broker a ceasefire agreement that helped the country end its border war with Thailand. 'He should get the Nobel, not only for his work on Cambodia but also elsewhere,' Cambodian deputy prime minister Sun Chanthol said in an interview with The Wall Street Journal, adding that Phnom Penh will present the president's name to the Norwegian Nobel Committee. Trump warned last week that if the cross-border fighting, which lasted for five days, between Cambodia and Thailand did not end soon, neither nation would reach a trade agreement with the U.S. The president spoke with Thailand's acting Prime Minister Phumtham Wechayachai and Cambodian Prime Minister Hun Manet on Monday, sharing that the neighboring countries reached a 'CEASEFIRE and PEACE.' After the pause in fighting was reached, White House press secretary Karoline Leavitt wrote on social platform X that Trump 'made this happen.' She added in her Monday post, 'Give him the Nobel Peace Prize!' The truce was brokered in Malaysia, negotiations that were attended by U.S. government officials. The war between the two nations killed at least 45 people and displaced over 300,000 residents on both sides. The Trump administration said last week that both Thailand and Cambodia will have their goods subject to a 19 percent tariff. Trump initially threatened to impose a 49 percent tariff on Cambodia's items going into the U.S., later lowering it to 36 percent. On Wednesday, Commerce Secretary Howard Lutnick revealed that the two nations had reached trade agreements with the U.S., though few details were provided. Since returning to office, Trump has been recommended to receive the prestigious award by Israeli Prime Minister Benjamin Netanyahu, Pakistani officials and a handful of Republican lawmakers and pundits.

Microsoft in Brazilian antitrust regulator's crosshairs after Opera complaint
Microsoft in Brazilian antitrust regulator's crosshairs after Opera complaint

Yahoo

time13 hours ago

  • Yahoo

Microsoft in Brazilian antitrust regulator's crosshairs after Opera complaint

Microsoft in Brazilian antitrust regulator's crosshairs after Opera complaint By Foo Yun Chee BRUSSELS (Reuters) -Brazil's antitrust enforcer CADE has opened an investigation into Microsoft, days after Norwegian browser Opera complained about Microsoft's Edge, according to a CADE statement published late Thursday on its website. Opera, in its complaint filed on Tuesday, alleged that Microsoft pre-installs Edge as the default browser across Windows devices and computers, thereby preventing rivals from competing on the merits of the products. Opera had 6.78% of the Brazilian desktop browser market in June versus Edge's 11.52% and market leader Google Chrome's 75%. CADE said it had opened an administrative inquiry and set an August 15 deadline for Microsoft to respond to Opera's allegations about its Windows operating system licences, the Microsoft 365 software and its Jumpstart programme. The Jumpstart programme allows Microsoft clients to build autonomous artificial intelligence agents for routine tasks, a move which could help the company monetise its billion-dollar investments in AI. Other Big Tech companies have similar tools. Microsoft did not immediately respond to emailed requests for comment. Opera has been complaining about its competitor since December 2007 when it took its grievance about the latter's internet Explorer browser bundled with its Windows operating system to the European Commission, resulting in a 561-million-euro ($640 million) fine for the U.S. tech giant. ($1 = 0.8764 euros) Solve the daily Crossword

US trade partners around the world react to Trump's new tariffs
US trade partners around the world react to Trump's new tariffs

Boston Globe

time14 hours ago

  • Boston Globe

US trade partners around the world react to Trump's new tariffs

Here's the latest: Thailand says 19% rate reflects 'close partnership' with US Thailand's finance minister says the 19% tariff rate imposed by the US 'reflects the strong friendship and close partnership' between the two countries. Advertisement Thailand's new rate of 19% was reduced from 36%, similar to other rates imposed on Southeast Asian nations, such as Vietnam, Cambodia and the Philippines. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Finance Minister Pichai Chunhavajira wrote in a social media post on Friday that it would 'maintain Thailand's competitiveness on the global stage' and opens the 'door to economic growth,' but also acknowledged it would pose problems for some sectors of the economy and said that 'comprehensive support measures have been prepared.' Speaking to reporters at a news conference in Bangkok later Friday, Pichai said that the deal will still need more time to be hammered out in details. Pakistan welcomes 19% tariffs under US trade deal Pakistan on Friday welcomed a new tariff arrangement with the United States that sets a 19% duty on Pakistani exports, calling it a positive step that could boost trade and economic growth. Advertisement The new rate is lower than the 29% tariff initially announced by US President Trump and below the 25% currently imposed on neighboring India. The Finance Ministry said the agreement reflects a 'balanced and forward-looking approach' by US authorities and will help keep Pakistani goods competitive in the American market compared to other South and Southeast Asian countries. The ministry said the revised tariff is expected to benefit key export sectors, particularly textiles, which remain the backbone of Pakistan's export economy. The ministry said that Pakistan will continue to engage closely with Trump and the US administration to promote the shared goals of economic development and mutual prosperity. Norway wants 'zero tariffs' Norwegian Prime Minister Jonas Gahr Støre told newspaper VG that he believes the Scandinavian country should have 'zero tariffs.' Gahr Støre, following the White House's announcement, said Norwegian officials are still in talks with Washington in the hopes of eliminating the duties altogether. Norway got hit with an expected 15% tariff. Switzerland hit with 39% tariff and will try to negotiate The land of luxury watches, pharmaceuticals and secretive financial services was reeling Friday, Switzerland's National Day, upon learning it had been slapped with a 39% tariff, although US President Trump had proposed a 31% rate in April. The Swiss government said officials will continue to seek a negotiated solution. 'The Federal Council notes with great regret that, despite the progress made in bilateral talks and Switzerland's very constructive stance from the outset, the US intends to impose unilateral additional tariffs on imports from Switzerland,' the government said in a post on X. Trump orders 35% tariff on Canadian goods US President Trump has raised the tariff rate on US imports from Canada to 35% from 25%, effective Friday, citing a lack of cooperation on illicit drugs. Advertisement The announcement from the White House late Thursday said that Canada had failed 'to do more to arrest, seize, detain, or otherwise intercept drug trafficking organizations, other drug or human traffickers, criminals at large, and illicit drugs.' Trump earlier had threatened to impose the higher tariff on Canada if no deal was reached by Friday, his deadline for reaching trade agreements with dozens of countries. Canada wasn't included in Trump's updated list of tariff rates on other countries announced late Thursday. Those import duties are due to take effect on Aug. 7. Malaysia hails 'significant achievement' in 19% tariff rate Malaysia's Trade Ministry said Friday that the US tariff reduction from 25% to 19% was a 'significant achievement' as the deal was struck without compromising key national interests. 'The 19% rate roughly tracks the rate of other countries in the Southeast Asian region,' the ministry said in a statement. 'Most importantly, Malaysia had stood firm on various 'red line' items, and the 19% tariff rate was achieved without compromising the nation's sovereign right to implement key policies to support the nation's socio-economic stability and growth.' The ministry said that Malaysia's economy remains resilient despite global headwinds, citing strong domestic demand and ongoing structural reforms. The statement didn't give further details, but officials previously said that nontariff barriers such as halal certification, which affects US beef and poultry exports, along with digital trade and government procurement were sticking points. It's unclear what concessions Malaysia made. Cambodia will impose zero tariffs on all American goods Cambodia's deputy prime minister, who led trade talks with the US, thanked US President Trump for setting the tariff rate on Cambodian goods at 19% and said the government would impose zero tariffs on all American goods. When Washington originally posted its list of notional 'reciprocal' tariffs, the rate for goods from Cambodia was 49%, one of the highest in the world. It had estimated that Cambodian tariffs on US imports averaged 97%. Advertisement Deputy Prime Minister Sun Chanthol also said Cambodia would purchase 10 passenger aircraft from Boeing in a deal they hoped to sign later this month. Several other nations had already announced similar aircraft purchase deals as part of their trade packages. Trump had threatened to not conclude a deal with reduced tariffs if Cambodia and Thailand didn't stop a recent armed conflict over border territory. The two nations agreed on a ceasefire beginning Tuesday that appears to be holding. Cambodia publicly celebrated Trump's peace initiative, suggesting he deserved a Nobel Prize for his intervention. Sun Chanthol said Friday that Cambodia would nominate him for the honor. Australia says 10% rate gives country competitive advantage Australian Trade Minister Don Farrell says gaining the minimum 10% US tariff on exports including beef, lamb, wine and wheat gave Australia a competitive advantage over some competitors. Farrell told reporters Australia did not introduce tariffs on US goods at any point, and added, 'I haven't seen any case or any example where the retaliatory imposition of tariffs has resulted in a country being in a better position.' Farrell argues that no US tariffs can be justified because Australia imposes no tariffs on its bilateral free trade partner. The United States has enjoyed a trade surplus with Australia for decades. Australian Prime Minister Anthony Albanese has been criticized for failing to secure a face-to-face meeting with US President Trump to discuss trade. Japan welcomes Trump's signing of executive order Japanese Chief Cabinet Secretary Yoshimasa Hayashi welcomed US President Trump's signing of the executive order setting Japan's new reciprocal tariffs as a step that would reduce uncertainty of the US trade policy and its negative impact on the global economy, including that of Japan. Advertisement Hayashi, however, said Japan still needs to closely examine the measures and continue urging prompt implementation by the US government to carry out the agreement, including reduction of tariffs on automobiles and auto parts. Hayashi acknowledged that Japan's new tariff rate of 15% is a 'major reduction' from the initially imposed 25%, but his government will continue to watch and mitigate its impact on Japanese exports, including by providing financial assistance for small and medium-sized businesses. New Zealand looks to lobby for lower tariff rates New Zealand officials said they would lobby the administration for a change to the 15% tariff announced for the country's exporters to the US. It's an increase from the original 10% baseline announced for New Zealand in April. 'We don't think this is a good thing. We don't think it's warranted,' Trade Minister Todd McClay told Radio New Zealand Friday. He said New Zealand appeared to have been targeted for a larger levy because the country sells more to the US than it imports, but that the gap of about half a billion dollars each year was 'not significant or meaningful.' Neighboring Australia dodged an increase to remain at 10%, but it buys more from the US than it exports, McClay added. The United States in January overtook Australia to become New Zealand's second-largest export partner, behind China. New Zealand exports are largely made up of meat, dairy, wine and agricultural machinery. Taiwan president says final tariff negotiations yet to come Taiwan President Lai Ching-te said Taiwan had yet to engage in final negotiations with the US owing to scheduling difficulties and that he was hopeful the final tariff rate would be reduced even further after a final round of talks. Advertisement The Trump administration hit Taiwan with 32% tariffs, and lowered it to 20% on Thursday. Taiwan was notified on Thursday by the administration of the lower rate. 'Twenty percent from the beginning has not been our goal. We hope that in further negotiations we will get a more beneficial and more reasonable tax rate,' he told reporters in Taipei on Friday. Lai also linked trade talks to security issues, as the US is Taiwan's largest ally even though it does not formally recognize the island. 'We want to strengthen U.S. Taiwan cooperation in national security, tech, and multiple areas,' he said Friday. The US is Taiwan's most important export market and strategic ally, Lai said in an earlier statement Friday morning. Cambodia prime minister thanks Trump for dropping tariff rate Cambodian Prime Minister Hun Manet expressed his thanks to US President Trump for the dropping of tariffs from 36% to 19% and he called the reduction 'good news' for Cambodia. Posted on his social media platform, Hun Manet said Trump hadn't only helped broker a ceasefire between Cambodia and Thailand forces after nearly a weeklong clash, but also assisted Cambodia's economy by lowering tariffs. 'This is good news for the people and economy of Cambodia to continue developing the country,' Hun Manet said. Thailand successfully negotiates lower tariff rates Thailand's government spokesperson Jirayu Houngsub said Thailand says the US agreed to reduce the tariffs rate from 36% to 19%, a rate similar to those imposed on many other Southeast Asian countries such as Vietnam and the Philippines. 'It's one of the major successes of Team Thailand in a win-win approach, to secure the country's export base and economic security in a long run,' he said in a statement. He didn't immediately say what was the latest offer Thailand made to the US. The agreement came days after a ceasefire between Thailand and Cambodia to halt the nearly weeklong clashes that killed at least 41 people. It was brokered with US pressure as President Trump said he wouldn't move forward with trade agreements if the conflict continued.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store