This article first appeared in The Houston Chronicle July 1, 2024.
The world needs more energy. This year, global oil and liquid fuels consumption is forecasted to reach 103 million barrels per day, a figure only expected to increase. At the same time, energy substitutes such as wind, solar and geothermal have yet to grow at the pace needed to substitute oil and gas. Finding new frontiers and maximizing existing production will be vital for meeting the world’s energy needs.
TGS, the world’s leading provider of energy data, is excited to announce its acquisition of PGS, a complementary energy data company, creating a global energy data powerhouse that will provide the bedrock for our energy future. As of July 1st, 2024, PGS is now part of TGS.
Headquartered in Houston and Oslo, Norway, TGS is already known for its vast data library and leading ocean bottom node (OBN) seismic technology, making the company a strategic and vital partner supporting energy exploration and production around the world. Adding the power of PGS seismic streamer technology and vessels allows the newly rebranded TGS to fill in any remaining gaps in its data solutions to comprehensively confront critical issues in today’s energy markets.