Magseis Fairfield is Now TGS
On January 5, 2023, Magseis Fairfield, the industry leader in OBN acquisition and technology, was acquired by TGS, a global provider of energy data and intelligence, following the completion and settlement of the Offer.
TGS Signs LOA for Proprietary Sparse Node Survey in the U.S. Gulf of Mexico
TGS, a global provider of energy data and intelligence, today announced that it signed an LOA to conduct a proprietary sparse OBN survey in the U.S. Gulf of Mexico.
TGS Signs LOA for Proprietary 4D OBN Survey in the U.S. Gulf of Mexico
TGS today announced that it signed an LOA to conduct a proprietary 4D OBN survey in Walker Ridge canyon in the U.S. Gulf of Mexico.
Delisting of the Magseis Fairfield ASA shares from trading on Oslo Børs
The MSEIS shares are delisted from trading on Oslo Børs, following TGS ASA acquiring all the shares in the company.
Final result of mandatory offer to acquire all shares in Magseis Fairfield ASA
The acceptance period for the Mandatory Offer expired at 16:30 hours (CET) on 21 December 2022. Following completion of the Mandatory Offer and subject to due settlement of the shares for which acceptances are received, the Offeror will own 264,890,034 Magseis Fairfield shares, equaling approximately 97,49% of the outstanding shares and votes in the Company.
Preliminary result of mandatory offer to acquire all shares in Magseis Fairfield ASA
The acceptance period for the Mandatory Offer expired at 16:30 hours (CET) on 21 December 2022. Following completion of the Mandatory Offer and subject to customary verification and due settlement of the shares for which acceptances are received, TGS will own 264,750,410 Magseis Fairfield shares, equaling approximately 97.43% of the outstanding shares and votes in the Company.
Together with our partners on Project Greensand, we are pleased to have mobilized our MASS nodes and modular source for testing a new CO2 monitoring technique.
At Project Greensand, we work to deliver innovative contributions, and we are proud to be at the forefront of our field and offer greater flexibility in the approach to seismic measurements for CCS monitoring.
Magseis Fairfield announces the conclusion of independent statement related to the mandatory exchange offer by TGS to acquire remaining MSEIS shares
On 11 October 2022 TGS completed the recommended voluntary offer to acquire Magseis Fairfield, through which TGS acquired approximately 75.40% of the MSEIS shares. The offer triggered an obligation to make a mandatory offer for all the remaining shares.
Magseis Renewables AS has secured data acquisition contract for North Sea CCS project
Magseis Renewables AS, a wholly owned subsidiary of Magseis Fairfield ASA, has secured a data acquisition contract for a CCS monitoring project in the North Sea.