Energy data companies PGS and TGS have received competition clearance from Norwegian regulators related to their merger into a full-service energy data company.
The deal is still under review by the U.K. Competition Market Authority with a deadline of June 11 to announce clearance or further review for the deal.
The companies said in an April 17 press release that they continue to expect the merger to close during second-quarter 2024.
The transaction will establish the combined company as a full-service geophysical data company with offerings in streamer data acquisition, ocean bottom node data acquisition, imaging and new energy data, the companies said when the merger was announced in September.
The transaction is expected to help mitigate supply chain risks and add further to economies of scale and efficiency.
Recommended Reading
Biden Administration Argues Against Enbridge Pipeline Shutdown Order
2024-04-11 - The U.S. argues that shutting down the pipeline could interrupt service and violate a 1977 treaty between the U.S. and Canada to keep oil flowing.
FERC Approves ONEOK Pipeline Segment Connecting Permian to Mexico
2024-02-16 - ONEOK’s Saguaro Connector Pipeline will transport U.S. gas to Mexico Pacific’s Saguaro LNG project.
Energy Transfer Asks FERC to Weigh in on Williams Gas Project
2024-04-08 - Energy Transfer's filing continues the dispute over Williams’ development of the Louisiana Energy Gateway.
Equitrans Delays WV-VA Mountain Valley Natgas Pipe Again, Boosts Cost
2024-02-20 - U.S. energy firm Equitrans Midstream delayed the estimated completion of its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter from the first quarter due in part to adverse weather in January.
Venture Global Acquires Nine LNG-powered Vessels
2024-03-18 - Venture Global plans to deliver the vessels, which are currently under construction in South Korea, starting later this year.