Latest news with #KristianJohansen
Yahoo
6 days ago
- Business
- Yahoo
TGS announces Q2 2025 results
Financial highlights: Multi-client revenues impacted by several library data purchases being postponed and low client commitment to ongoing projects Challenging operational conditions for a large contract project and lower than expected JV partner participation for certain multi-client programs negatively affected contract revenues Order inflow of USD 133 million during Q2 2025 – total order backlog of USD 425 million Net cash flow of USD 11 million in Q2 2025, compared to USD -13 million in Q2 2024 Maintaining a stable dividend payment of USD 0.155 per share to be paid in Q3 2025 Gross operating costs for 2025 expected to be approximately USD 950 million compared to previous guidance of approximately USD 1,000 million – reduction driven by further efficiency gains and vessel scheduling 'The Q2 2025 results were negatively impacted by several factors. End-of-quarter data licensing came in below expectations, with several data licensing deals being postponed. Further, we encountered challenging operational conditions on one of our streamer projects, negatively impacting revenue recognition. Finally, lower-than-expected partner participation in certain multi-client projects resulted in lower recognition of contract revenues and higher multi-client investments. The guidance for gross operating expenses has been reduced further, as we continue to review our cost base and optimize asset allocation. We are in the process of selling the Ramform Explorer and the Ramform Valiant, and stacking the Ramform Vanguard. Although significant macroeconomic uncertainty and high oil price volatility during Q2 caused our clients to be more cautious in the short term, the long-term need for more exploration remains intact. With falling remaining reserve life, many large E&P companies will face declining production rates unless more reserves are added and brought on stream. As a result, we remain optimistic for the long-term opportunities for TGS,' says Kristian Johansen, CEO of TGS Management presentation CEO Kristian Johansen and CFO Sven Børre Larsen will present the results today at 09:00 a.m. CEST. The presentation is webcasted live. Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use the link on the front page of A recorded version of the presentation will be available on ( after the live event. The Q2 2025 earnings release and presentation are available on and For more information, visit ( or contact: Bård Stenberg Vice President IR & Communication Tel: +47 992 45 235 E-mail: investor@ About TGS TGS 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 ( Forward Looking Statement All 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. Attachments Q2 2025 Earnings Release Q2 2025 Presentation
Yahoo
26-06-2025
- Business
- Yahoo
TGS Webcast Details for Q2 2025 Presentation
Oslo, Norway (26 June 2025) - TGS, a leading global provider of energy data and intelligence will release its Q2 2025 results at approximately 07:00 a.m. CEST on 17 July 2025. CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 a.m. CEST. The presentation is webcasted live. Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use the link on the front page of The Q2 2025 earnings release and presentation will be available on and For more information, visit ( or contact: Bård Stenberg, VP IR & Communication Mobile: +47 992 45 235 E-mail: investor@ About TGS TGS 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 ( in to access your portfolio
Zawya
29-05-2025
- Business
- Zawya
TGS to Participate at United States (U.S.)-Africa Energy Forum (USAEF) 2025 Amid Growing Data-Driven Activity in Africa
The U.S.-Africa Energy Forum (USAEF), taking place in Houston on August 6-7, 2025, is pleased to announce Kristian Johansen, Chief Executive Officer of TGS, as a featured speaker. TGS is a global leader in energy data and subsurface intelligence, with an expanding footprint across Africa supporting exploration and investment in oil, gas and renewable energy. As African nations prepare for new licensing rounds, farm-outs and energy diversification, access to high-quality seismic data and digital solutions is proving vital in attracting global capital. TGS' work across the continent – from deepwater seismic reprocessing to renewable resource assessments – is enabling governments to present technically de-risked, investment-ready acreage to the market. Recent activity spans some of Africa's most promising and underexplored regions. In Angola, TGS has reprocessed legacy data in a block previously relinquished by Shell, unlocking new geological insight. In the Republic of Congo, the company is supporting digitalization to enhance transparency and efficiency in upstream development. Expanded seismic coverage in Tanzania and Benin is helping to bring new frontier acreage to market, while in Mauritania, TGS is growing its multi-client 3D seismic library across more than 101,000 square-kilometers offshore – cementing its role in advancing exploration in high-potential deepwater zones. Meanwhile in Cabo Verde, the company is assessing renewable energy opportunities, including offshore wind, as part of its support for Africa's broader energy transition. TGS' growing presence in Africa highlights the critical role of data in enhancing the technical credibility and commercial appeal of emerging energy opportunities. By equipping governments and investors with deeper geological insight and actionable intelligence, the company is enabling faster, more confident decision-making – especially as exploration budgets tighten globally. With multiple licensing rounds anticipated across the continent, TGS continues to serve as a strategic data partner, supporting African markets in presenting transparent, competitive and technically validated acreage. For tickets, sponsorship opportunities and more information, please contact sales@ or visit Join us in Houston to connect with the leaders shaping Africa's energy landscape and experience the momentum that drives ECP's events worldwide. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
07-05-2025
- Business
- Yahoo
TGS Awarded 4D Streamer Contract
TGS ASA OSLO, Norway (7 May 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a 4D streamer contract in the East Mediterranean. Acquisition is scheduled to commence in Q2 this year and the contract has a duration of approximately 90 days. Kristian Johansen, CEO of TGS, commented, "We are very pleased to secure this 4D streamer contract. By leveraging the Ramform acquisition platform, coupled with our proprietary GeoStreamer technology we are well equipped to deliver high quality 4D data to our client." For more information, visit or contact: Bård Stenberg VP IR & Communication Mobile: +47 992 45 235 investor@ About TGS TGS 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 ( Forward Looking Statement All 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.
Yahoo
23-04-2025
- Business
- Yahoo
TGS Webcast Details for Q1 2025 Presentation
Oslo, Norway (23 April 2025) - TGS, a leading global provider of energy data and intelligence will release its Q1 2025 results at approximately 07:00 a.m. CEST on 9 May 2025. CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 a.m. CEST at House of Oslo, Ruseløkkveien 34 in Oslo, Norway. The presentation is open to the public and will be webcasted live. Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use the link on the front page of The Q1 2025 earnings release and presentation will be available on and For more information, visit ( or contact: Bård Stenberg, VP IR & Communication Mobile: +47 992 45 235E-mail: investor@ About 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 ( Sign in to access your portfolio
