Latest News and Press Releases

Resetting Cost Base - Solid Operational Performance Takeaways Q2 2020 Segment Revenues of $138.7 million, compared to $215.6 million in Q2 2019Segment EBITDA of $99.1 million, compared to...

July 9, 2020: Oslo, Norway, based on a preliminary review, PGS expects to report Segment* revenues for Q2 2020 of approximately $138 million. Contract revenues ended at approximately $31 million....

July 2, 2020: Oslo, Norway; President & CEO Rune Olav Pedersen and EVP & CFO Gottfred Langseth are available for investor conference calls after release of the Q2 2020 results. The conference...

July 2, 2020: Oslo, Norway; PGS will release its second quarter 2020 results on Thursday, July 23, 2020 at approximately 08:00 am Central European Summer Time (CEST). The earnings release and the...

June 29, 2020: Oslo, Norway, – PGS and ION Geophysical Corporation today announced an agreement to collaborate globally on 2D exploration data.  Both companies have modern, high-quality MultiClient...

CORRECTION: average share price on June 22 was NOK 4.3175, not NOK 3.3175 as disclosed in the release published June 22, 2020.  1. Settlement The PGS ASA 2017 Long Term Incentive Program...

1. Settlement The PGS ASA 2017 Long Term Incentive Program settled on June 22, 2020. Employees in PGS ASA and subsidiaries ("PGS" or "the Company") have received a total number of 359 560 RSUs...

June 8, 2020: Oslo, Norway, PGS implements further cost reductions to bring annual gross cash cost run-rate to approximately $400 million through staff reductions, re-organization, consolidation of...

High Vessel Utilization - Challenging outlook Takeaways Q1 2020 Segment Revenues of $168.3 million, compared to $141.9 million in Q1 2019Segment EBITDA of $80.5 million, compared to $66.6...

  April 22, 2020: Oslo, Norway, PGS (or "the Company") held its Annual General Meeting today. The Annual General Meeting resolved to approve all matters as proposed in the Calling Notice. The minutes...