Several articles have identified a comeback in the offshore seismic industry in 2018. For example, an article on Rigzone stated in part:
“Oslo-listed seismic data provider TGS, a key supplier to the oil industry, reported first-quarter revenues far above forecasts as markets continue to improve, it said on Tuesday, sending its share price surging….
‘With all regions performing above our expectations, we see this as another sign of an underlying improvement in the market,’ Chief Executive Kristian Johansen said in a statement….
‘It’s a sign that exploration activity is picking up supported by an oil price above $60 over a relatively long period and more confidence among oil firms,’ TGS Chief Financial Officer Sven Boerre Larsen told Reuters.”
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