Seismic Specialists TGS: Revenue Up, New Survey Contracts

MarineLink
Thursday, January 09, 2014
Seismic data acquisition: Image CCL

Norway-based TGS, report record high late sales in the fourth quarter of 2013, and inform of four new multi-client surveys: a 3D survey in offshore Northwest Australia, two 2D surveys offshore Madagascar and a 3D survey onshore Alberta, Canada.

Net revenues
Based on preliminary reporting from operating units, TGS management expects net revenues for the fourth quarter of 2013 to be approximately USD 270 million, bringing total estimated net revenues for 2013 to approximately USD 882 million. The company has previously guided full year revenues of USD 810 - 870 million, and the positive deviation is mainly caused by record high late sales in the fourth quarter.

Latest contracts
The Huzzas is a 2,100 km2 3D survey that will cover the Barrow Sub-basin, offshore Northwest Australia. The data is being acquired by the M/V Geo Caspian using CGG's  BroadSeisTM and BroadSourceTM technologies.

The two separate CSM-14 and AN-14 2D surveys cover 8,847 km offshore Madagascar. CSM-14 is being acquired by the M/V Geo Arctic and AN-14 by the BGP Challenger.

Washout Creek, a 65 km2 3D / 3C survey, will cover the West Pembina area of Alberta, Canada.
In addition, TGS says it has signed a Letter of Award with Polarcus to utilize their vessel, the Polarcus Naila. Contingent on execution of final contractual documents, the charter will begin in April 2014 and will last for a period of six months.
 

 


People & Company News

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

MN100: All American Marine, Inc.

The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today,

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Contracts

Thyssenkrupp Wins Qatar Integrated Rail Project

Thyssenkrupp has been awarded a contract to manufacture, supply, install and maintain more than 500 elevators and escalators for Doha’s metro network, a part of the Qatar Integrated Rail Project.

ACE Winches Bags Order from Vard

Deck machinery specialist ACE Winches said it has been awarded a spooling contract with Vard Group AS for Norway’s largest construction vessel.   The scope of work includes the spooling of two 3,

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

Finance

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

UASC's Dismal Performance

United Arab Shipping Company (UASC), which is close to merging with Hapag-Lloyd, revealed enormous deficits and a massive debt in its key financial figures, says Alphaliner.

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

Offshore Energy

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

Seismic Vessel Tech

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1165 sec (9 req/sec)