OSLO, Norway - (12 May 2021) - TGS-NOPEC Geophysical Company ASA ("TGS"), a global provider of energy data and intelligence, announced today that it has acquired 4C Offshore Ltd. ("4C Offshore"), a leading
TGS Announces Q1 2021 Results
OSLO, Norway (12 May 2021) - TGS today reported interim financial results for Q1 2021.
Net IFRS revenues amounted to USD 186 million in Q1 2021, an increase of 256% compared to Q1 2020. EBITDA was USD 162 million and the operating result was USD 69 million, compared to USD 26 million and USD -58 million, respectively, in Q1 2020.
Net segment revenues (1) amounted to USD 75 million in Q1 2021, compared to USD152 million in Q1 2020. Segment EBITDA was USD 51 million versus USD 126 million in the same quarter of 2020, while the segment operating result amounted to USD -20 million, compared to USD - 19 million in Q1 2020.
Free-cash flow (2) amounted to USD 84 million in Q1 2021, up from USD 1 million in Q1 2020. Including shareholder distribution of USD 19 million the cash holding increased by USD 58 million to USD 254 million on 31 March 2021.
Horisont Energi has signed a Memorandum of Understanding (MOU) with TGS, a global provider of energy data and intelligence, to jointly develop new Carbon Capture and Storage (CCS) technologies.
Frontier Announces Line-up and Agenda for Europe E&P Summit
Frontier is pleased to announce this stellar line-up and agenda for the upcoming Europe E&P Summit taking place on 20th May 2021. By Reporter
Updated: 12/05/2021, 2:46 pm
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Frontier is pleased to announce this stellar line-up and agenda for the upcoming Europe E&P Summit taking place on 20th May 2021.
The event will highlight the evolving dynamics and players in the European E&P sector and will showcase the best opportunities in the region. We have been working closely with the industry to bring you an interesting and relevant agenda on the day that cannot be missed.