TGS to acquire Magseis Fairchild.

TGS, an energy data and analytics company, agreed to acquire Magseis Fairchild, a provider of ocean bottom seismic systems and services. Financial terms were not disclosed. “With a strengthening focus on costs and cycle times in the exploration and production of oil and gas, an increasing amount of demand of geophysical data is driven by infrastructure-led exploration and production monitoring. Combining Magseis’s leading position in the Ocean Bottom Node market with TGS’ multi-client and data processing capabilities creates a unique offering of superior quality products and services across the value chain,” Kristian Johansen, TGS CEO.