TGS submits $600m offer to acquire PGS’s multi-client data library


first_img TGS seeks to acquire PGS’s multi-client data library. (Credit: C Morrison from Pixabay) Norwegian oil and gas seismic service provider TGS-NOPEC Geophysical Company (TGS) has submitted a conditional and non-binding offer to purchase rival company PGS’s multi-client data library, for a cash consideration of $600m.TGS seeks to acquire PGS’s multi-client data library including all existing data and work-in-process, as well as the contractual arrangements associated with the foregoing.The offer also includes a proposal for singing post-closing collaboration agreement for future PGS multi-client projects. It would also include certain preferential rights for PGS to offer 3D-fleet for future TGS data acquisition.TGS expects the multi-client library of PGS to significantly broaden its worldwide geophysical data offering in all major mature and frontier basins.Responding to the proposal, PGS’s board said it would its views before the expiration of the offer, which is valid until 16 August 2020.In a press statement, TGS said: “The proposed transaction presents an opportunity for PGS and its stakeholders to monetize its multi-client data library in excess of its full reported value, delivering substantial funds to PGS in what are challenging times for the entire seismic industry.”The transaction would deliver increased efficiencies in  seismic industryTGS also expects the combination of the TGS and PGS multi-client businesses to improve the industry’s ability to deliver services as well as deliver increased efficiencies in the seismic industry.TGS CEO Kristian Johansen said: “We see a strong complement between our existing business and the PGS data library and the opportunity to leverage our expertise and scale to improve returns.“Concurrently, a refocused and refinanced PGS will be a world-leading and highly innovative provider of acquisition technology and marine acquisition capacity, providing a strong platform for creating long-term value for the company´s stakeholders.“The proposed transaction is thus aimed at safeguarding customers’ access to leading acquisition technology, high-quality data acquisition capacity and top tier data processing capabilities, whether they choose to purchase data through the contract model or the multi-client model.”In April 2020, TGS said it has commenced a new 3D seismic survey in the offshore The Gambia, West Africa. TGS seeks to acquire PGS’s multi-client data library that includes all existing data and work-in-processlast_img read more

TENNIS : SU preps for opening weekend slate highlighted by rivalry game with Georgetown


first_img Published on January 26, 2011 at 12:00 pm Contact Stephen: [email protected] | @Stephen_Bailey1 Facebook Twitter Google+ Luke Jensen doesn’t mask his feelings about Georgetown. The Syracuse tennis coach says whenever he sees the Hoyas in an airport, his mood turns sour.‘You walk into the airport and see them,’ Jensen said, ‘you just don’t like them.’The Orange and the Hoyas have a heated history. And one year after the Orange dominated Georgetown in a 7-0 shutout, the more talented Orange will play its rival in the finale of a three-match opening weekend. Aside from the bad-blood which will surface against Georgetown, SU will take on Navy and Maryland to start the season.The opening weekend will provide competition for the Orange as well as a Big East opener very early in the season in the form of the rivalry game. But after winning its last 14 regular-season Big East contests, SU junior Alessondra Parra sees the Orange itself as SU’s greatest opponent.‘I think that if we play well, then we’re going to do well against all 3 teams,’ Parra said. ‘Mentally, if we’re not in it, we’re only going to trip up.’AdvertisementThis is placeholder textJensen is not looking past the season opener with Navy, even if the Big East opener with the Hoyas is looming two days later. The meeting will mark the first time the Orange will take on Navy under Jensen. The coach emphasized the fact that the Cadets are strong-willed individuals. It something he expects they will translate to the tennis court from their day-to-day Annapolis-bred determination.‘To be honest, especially when you’re playing a Cadet kid – Army, Air Force, Navy – this is a different type of kid,’ Jensen said. ‘This kid is committed to putting their life on the line for this country. So you’re getting a very determined individual. No matter what their ranking was coming in, no matter what the situation is. … They bite their tails off.’Emily Harman isn’t underestimating the cadets either. The junior said she anticipates Navy will be feisty and fighting the favored Orange every step of the way.Jensen feels that Navy’s focus makes them a perfect season opener. He and the rest of the team know that to get to Maryland and Georgetown, they must get through Navy.‘This isn’t the sisters of the poor,’ Jensen said. ‘This is the real deal, man. But we need that. We need that focus. I like the fact that we’re playing that kind of character in a team because we need to focus on No. 1. That gets us to No. 2.’The Orange will face Navy Friday in Annapolis, Md., and will then trip to College Park, Md., for a noon match against the Terrapins. SU will then return to Drumlins Tennis Center to face the rival Hoyas at 11 a.m. on Sunday.And though Georgetown was unable to win a single match against the Orange last season, there is mutual discontent.Harman shared her coach’s sentiments. Her mindset too turns sour when referring to the Hoyas.‘We have a history with Georgetown,’ Harman said. ‘We don’t like them. We want to beat them. We have a competitive run with them, where we always want to come out with a 7-0 win.’Harman, as always, is aiming for the shutout. But she and Jensen know that just because they blanked the Hoyas last year it’s not going to be a sure thing this year. Especially coming off a whirlwind weekend tour to kick start the season.‘It doesn’t matter what happened the year before,’ Jensen said. ‘It doesn’t matter which recruits came in. It’s a rivalry match. You circle the calendar.’[email protected]center_img Commentslast_img read more

How Colin Kaepernick became a player in a Minnesota congressional race


first_imgColin Kaepernick can’t get signed to play quarterback in the NFL, but he has become a player in a congressional race in Minnesota.Last week Donald Trump injected himself into the 1st Congressional District race being contested by GOP candidate Jim Hagedorn and Democrat Jim Feehan (Republican incumbent Tim Walz is vacating the seat to run for governor). Speaking in support of Hagedorn, Trump told the crowd in Rochester, among other things, “We are standing proudly for our national anthem.”Even …last_img read more

Planning early is a key to effective on-farm research


first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Dusty Sonnenberg, CCA, Ohio Field LeaderMost Ohio farmers will agree that 2019 will go down in the history books as a year with tremendous variability. For those who conduct on-farm research, variability is one thing they attempt to reduce. One way to help reduce variability is to have a plan before you go to the field. A plan that is designed to have multiple replications of the various components can give you options.“If you have a plan, you will be more likely to implement it when you go to the field,” said Elizabeth Hawkins, OSU Extension, Agronomic Systems Field Specialist. “If changes need to be made due to changing conditions, you will be more likely to have options available that allow you to maintain the integrity of the research and not compromise the reliability of the results.”Elizabeth Hawkins, OSU Extension Agronomic Systems Field SpecialistHawkins feels that learning what works in different years is critical.“I am excited about the 2019 research, and the potential of what we can learn in what may become a new normal with the changing environmental conditions,” she said.Challenging conditions can result in very useful data with the proper plan.“As our weather variability continues into the future, data in unique years can be even more valuable as we can compare it to similar challenging years. This will be more true as heavy, infrequent, unpredictable weather events continue,” said Eric Richer, OSU Extension educator in Fulton County. “Even if farmers are doing on-farm research for their own purposes, the more replications they have planned, the better the results will be. I tell farmers there should be a minimum of four replications, and actually recommend six replications if possible so that if a couple are compromised, there are still a sufficient number available to gather the data from.”In some cases, there is value in “data cleaning” when doing the final analysis.“If you start your on-farm research plan with a randomized complete block design, it allows for weather occurrences and other unforeseen factors. Exceptions can be made when data cleaning and those exceptions can be thrown out,” Richer said.Factors that can compromise the on-farm research include everything from planter or sprayer mechanical error, to intense weather events, to yield monitor calibration issues, to unknown field or plot physical factors such as compaction zones.“Compaction is a huge issue this year,” Hawkins said. “Precision U will have a session on Jan. 8, 2020 focusing specifically on mitigating the compaction issue.”Precision U is a program hosted by The Ohio State University and the Digital Ag Team to help farmers make better management decisions. This specific program will help those in attendance learn how to minimize compaction and maximize soil productivity.One tip that Hawkins gives all farmers, regardless of the level of research they are conducting is to calibrate their equipment.“Accurately calibrating equipment is very important in reducing variability,” she said. “Farmers need to calibrate for the different scenarios they may encounter.”Taking good notes throughout the season is also important.“Making notes of any replant that had to be done, or marking any drowned-out spots, noting patterns observed during harvest, anything that a farmer observes that stands out will be useful when cleaning-up the data,” she said. “Often the replants and drowned out spots can be ‘clipped-out’ to prevent bias in the data.”Hawkins reminds farmers that the OSU Extension Digital Ag Team and County agriculture educators are available and willing to help both in planning on-farm research trials prior to when the season begins, and also can help make suggestions to clean up the data once harvest is complete.last_img read more

Alisson says Liverpool has to win every game


first_imgThe Brazilian goalkeeper believes the only way the Reds can become champions at the end of the season is by winning everything and not looking back.Liverpool is currently in the first place of the English Premier League standings.The Reds are three points ahead, with 62 points, of current champions Manchester City.But for the team’s goalkeeper, Brazilian footballer Alisson, the only way to win the competition is by winning all of the matches.“We have to be prepared to fight everything,” Alisson said to Goal.com“All the adverse circumstances that come our way.”“I believe our team is on the right track. Now we do not have much room for hesitation. If we want to be champions, we have to win everything from now on,” he added.“I believe we had glimpses into the game. Some moments of insecurity.”Roberto Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.“We started ahead. [But] from the moment we started to miss some passes – some silly passes that we are not used to missing – I think the team lost a little confidence in the match. I think the opposing team also gained confidence,” he explained.“We have confidence,” Alisson’s compatriot Fabinho added.“We enjoyed a brilliant December, which was almost perfect, but now we have had this dip.”“It is difficult to explain why this has happened. I believe that now teams who play against us sit very deep. We need to do things a little differently and maybe we aren’t doing this – we are unable to find the spaces,” Fabinho said.“Often, we want to go through the middle and it is difficult against physically strong and defensive teams. We need to find solutions and in these past few games we haven’t.”Alisson Becker on Instagram. pic.twitter.com/ViR59NtJCR— LFC Round Up (@LFCroundup) January 30, 2019last_img read more