TGS ASA 2025 AR2
The report highlights TGS's performance during 2025, which was a transitional year following its merger with PGS. The company achieved a strong financial performance, generating over USD 200 million in net cash flow and reducing net debt by almost 15% while returning USD 120 million to shareholders. Operationally, TGS expanded its multi-client portfolio offshore Brazil and entered a strategic three-year capacity agreement with Chevron. On the sustainability front, the company developed its Climate Transition Action Plan, achieved its target of zero fatalities and permanent impairments, and reduced its total recordable case frequency by 29%.
Company: TGS ASA
Sector: Energy
Country: Norway
Year: 2025
Type: AR2
Pages: 226
TGS ASA
Annual Report
The report highlights TGS's performance during 2025, which was a transitional year following its merger with PGS. The company achieved a strong financial performance, generating over USD 200 million in net cash flow and reducing net debt by almost 15% while returning USD 120 million to shareholders. Operationally, TGS expanded its multi-client portfolio offshore Brazil and entered a strategic three-year capacity agreement with Chevron. On the sustainability front, the company developed its Climate Transition Action Plan, achieved its target of zero fatalities and permanent impairments, and reduced its total recordable case frequency by 29%.
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Document Details
Report Year
2025
Reporting Period
Jan 1, 2025 - Dec 31, 2025
Fiscal Year
2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees