TGS announced today the launch of its New Energy Solutions ("NES") business unit. By leveraging its core strengths, TGS' goal is to be the leading provider of data and insights directed towards industries actively contributing to the reduction of GHG emissions, such as Carbon Capture and Storage (CCS), Deep Sea Mining (DSM), geothermal energy, wind energy and solar energy. The starting point is the Company's vast subsurface data library, combined with core skills in geoscience, data processing, data management, data analytics and AI. This will be complemented by relevant additional data types and subject matter expertise.

"Over the past few years, we have seen an increasing interest for our data and insights from other industries besides the oil and gas industry. By establishing the NES business unit, we are preparing our non-oil & gas offering for further growth," stated Kristian Johansen.

"Many of the investments required in renewable energy and CCS have long pay-back times. It is therefore critical to make well-informed and precise investment decisions. Our aim is to be the leading provider of data and insights that help de-risk investments and reduce the time-to-market. We have been helping our oil and gas customers to de-risk investment decisions for 40 years. With NES we will use our experience, global presence and core strengths to help new and existing customers with the energy transition," said Kristian Johansen.

KeyFacts Energy Industry Directory: TGS