Norwegian marine geophysical giants PGS and TGS have reported solid financial results in the second quarter underpinned by the oil and gas industry’s investments in exploration and production.

PGS reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of $113.1 million compared to $129.4 million in the second quarter last year.

Rune Olav Pedersen feeling positive vibes about seismic market upturn
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Revenues of $186.4