TGS ASA is a Norwegian company that operates in the seismic surveying sector. The company was established in 1981 and has since then become a leading provider of geoscientific data and services to the oil and gas industry. TGS ASA operates in more than 50 countries and has a workforce of over 1,000 employees.

The company's core business is the acquisition, processing, and interpretation of seismic data. Seismic data is used to create detailed images of the subsurface of the earth, which is crucial for the exploration and production of oil and gas. TGS ASA provides a range of services to its clients, including multi-client data libraries, imaging, and reservoir characterization.

In recent years, TGS ASA has been focusing on decarbonisation and the transition to renewable energy. The company recognizes the urgent need to reduce greenhouse gas emissions and is committed to playing its part in the global effort to combat climate change.

One of the ways in which TGS ASA is contributing to decarbonisation is through its corporate energy strategy. The company is working to reduce its own carbon footprint by implementing energy-efficient practices and investing in renewable energy sources. TGS ASA has set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to 2019 levels.

To achieve this target, TGS ASA is exploring a range of options, including the use of renewable energy sources such as solar and wind power. The company is also investing in energy-efficient technologies, such as LED lighting and smart building systems. TGS ASA is committed to continuously improving its energy efficiency and reducing its reliance on fossil fuels.

Another way in which TGS ASA is contributing to decarbonisation is through its corporate power purchase agreements (PPAs). PPAs are contracts between a company and a renewable energy provider, whereby the company agrees to purchase a certain amount of renewable energy over a specified period. By entering into PPAs, companies can reduce their carbon footprint and support the growth of renewable energy.

TGS ASA has signed several corporate PPAs in recent years, including agreements to purchase wind power in the United States and solar power in Brazil. These agreements have helped the company to reduce its reliance on fossil fuels and support the transition to renewable energy.

In addition to its corporate energy and PPA strategies, TGS ASA is also actively involved in the development of renewable energy projects. The company has a dedicated team of experts who specialize in renewable energy and are working to identify new opportunities for investment.

TGS ASA is particularly interested in offshore wind power, which has the potential to provide a significant source of renewable energy. The company is exploring opportunities to invest in offshore wind projects in Europe and Asia, and is working with partners to develop new technologies to improve the efficiency and cost-effectiveness of offshore wind power.

Overall, TGS ASA is a company that is committed to decarbonisation and the transition to renewable energy. The company recognizes the urgent need to reduce greenhouse gas emissions and is taking proactive steps to reduce its own carbon footprint and support the growth of renewable energy. Through its corporate energy, PPA, and renewable energy strategies, TGS ASA is playing an important role in the global effort to combat climate change.