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The companies’ merger plan, dated Oct. 25, will be filed with the Norwegian Register of Business Enterprises with completion conditional upon customary closing conditions, including regulatory approvals and consents, the release added.
The companies are both listed on the Oslo Stock Exchange.
“Today marks a pivotal moment for TGS and PGS as we receive approval from our shareholders for the merger plan,” TGS CEO Kristian Johansen said in a statement. “We strongly believe this merger will bring substantial value to our respective stakeholders. Together, we are poised to deliver unparalleled energy data solutions to our global partners.”
2024-01-16 - The Port of Corpus Christi is the U.S.’ largest energy export gateway and in terms of total revenue tonnage as increased midstream investments have opened export markets for the prolific Permian Basin.
2024-02-09 - Certain orphaned wells across the U.S. could be plugged to earn carbon credits.
2023-12-08 - U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since November 2022.
2024-01-22 - EOG’s latest wells in its new Ohio oil play are rolling into state public records, while Ascent Resources and Encino Energy are reporting the biggest producers. All three are landing 3-milers. Some are 3.5 miles.
2024-02-06 - New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.