Shearwater Bags 4D Seismic Gig in APac
Shearwater GeoServices, a marine geophysical services company, has been awarded the largest-ever 4D seismic campaign in the Asia/Pacific region covering up to six fields operated by Woodside offshore Australia.According to the 50/50 joint venture between GC Rieber Shipping and Rasmussengruppen AS, the campaign, planned to commence in Q4 2019, covers new 4D acquisition over the Pluto, Brunello, Laverda, Cimatti and Vincent fields with an option for one additional field.The 4D…
Shearwater Wins 1st Project in S. America
Norway-based provider of marine geophysical services, Shearwater GeoServices has been awarded a 3D Isometrix seismic survey by Colombia’s Ecopetrol.It will be Shearwater’s first Isometrix survey in Latin America with marine acquisition starting in Q4 2019, said GC Rieber Shipping ASA's 20% owned geoservices company.The survey covers 2 000 sq. km of 3D seismic offshore Colombia on Ecopetrol’s Block COL-5 and will be acquired by the SW Amundsen equipped with Isometrix multisensor…
GC Rieber Shipping Fleet Utilisation Hits 100%
Norwegian shipping company GC Rieber Shipping ASA had a fleet utilization of 100% in the second quarter of 2019.The operator of offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions said that the subsea and ice/support vessels have contract coverage of 44% for the remainder of the year while Shearwater GeoServices Shearwater has confirmed backlog of more than 26 vessel-months in the third and fourth quarter of 2019 following the award…
GC Rieber Shipping Nails Nexans Gig
Norwegian offshore shipping company GC Rieber Shipping (RISH) has agreed with Nexans Skagerrak AS, a wholly owned subsidiary of Nexans Norway AS, to enter into a ship management agreement for the cable laying vessel Nexans Skagerrak.The agreement also includes management of the Nexans’ state of the art cable laying vessel Nexans Aurora once it gets delivered from Ulstein yard in 2021, said the operator of offshore subsea support vessels, marine seismic vessels and polar logistics…
GC Rieber Sells Ernest Shackleton
Norwegian shipping company GC Rieber Shipping has completed the process of redelivery and sale of the icebreaking research vessel 'Ernest Shackleton' to the new owner Istituto Nazionale di Oceanografia e di Geofisica Sperimentale (OGS).The redelivery of the vessel from British Antarctic Survey (BAS) marked the end of a nearly 20-year relationship between British Antarctic Survey and GC Rieber Shipping, said a press release from the operator of offshore subsea support vessels,…
Equinor Awards 4D Seismic Gig to Shearwater
Shearwater GeoServices announced the award of a 4D seismic survey at the Troll Unit by Equinor AS to be conducted this summer.The company 20% owned by GC Rieber Shipping ASA said that the project adds further to Shearwater’s 4D program in the North Sea and Barents Sea this season.The Troll Unit survey will last approximately 2 months and be conducted by the Amazon Conqueror using Shearwater's Isometrix system."The award of the Troll Unit project from Equinor adds to our extensive 4D and Isometrix program for the 2019 summer season.
Shearwater Bags Turkey Seismic Contract
The global provider of geophysical marine seismic acquisition Shearwater GeoServices has been awarded a seismic acquisition and depth processing contract by Turkish national oil and gas company Türkiye Petrolleri Anonim Ortakligi (TPAO).The survey contract covers an area of 2200 sqkm and includes fast track processing, followed by full time and depth processing, but location not revealed.Work will commence in Q2 2019 and will be conducted by the Polar Empress, said a press release.“We are very pleased to see the Polar Empress contracted by TPAO for this 14-streamer survey…
GC Rieber Bags Statnett Management Contract
Norwegian shipping company GC Rieber Shipping has won a technical management contract from Statnett Transport for the Norwegian logistics company’s two RoRo vessels.The vessels are the 9,120-bhp Elektron (built 2008) and 1,500-bhp Elektron II (built 1969), said a stock exchange announcement from the company that operates offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions."The contract has a duration of three years plus options.
Shearwater Completes Acquisition of Schlumberger's Seismic Fleet
Norway-based provider of marine geophysical services Shearwater GeoServices Holding announced the completion of the acquisition of the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger.The owner of world’s largest fleet of high-end seismic vessels said in a release that the transaction was completed following receipt of relevant regulatory approvals and satisfaction of customary closing conditions.“We are now an industry-leading full-range geophysical services company with a solid financial and strategic platform.
GC Rieber Shipping Taps Ytredal as CEO
Norwegian offshore shipping company GC Rieber Shipping announced acting chief executive officer Einar Ytredal has appointed to the CEO role on a permanent basis. At the same time, Øystein Kvåle was named new chief financial officer (CFO) and Christoffer Knudsen was promoted to chief commercial officer (CCO).Ytredal was appointed acting CEO in mid-September 2018. He has been with the company since 2007, first as vice president finance and then as CFO since September 2011. Before joining GC Rieber Shipping, Ytredal worked at Deloitte.
GC Rieber Shipping CEO Christian Wilhelm Berg Resigns
Norwegian shipping company GC Rieber Shipping said that Christian Wilhelm Berg resigned the position as CEO with effect from 14 September 2018 in order to pursue other opportunities through his wholly owned company, Bech Offshore.Bech Offshore was set up in 2017 with the concept to initiate investment opportunities related to distressed assets within the Offshore Support Segment. Further, the company offered third party owners Commercial Management, Consultancy Services and in…
Shearwater to Buy Schlumberger’s Seismic Business
Norwegian marine geophysical services company Shearwater GeoServices Holding AS has entered into a definitive agreement to acquire the marine seismic acquisition assets and operations of Schlumberger’s geophysical services product line, WesternGeco.The transaction, which remains subject to regulatory approvals and other customary closing conditions, is expected to close in the fourth quarter of 2018.Houston based Schlumberger will receive cash consideration based on an enterprise value of $600 million plus a 15 percent post-closing equity interest in Shearwater. For a limited period, Schlumberger will be entitled to payments under an earn-out agreement linked to future vessel usage over and above specific thresholds.
Court Dismisses Claim against Armada Seismic Invest II
The Supreme Court has dismissed claims of EUR 9 mln (USD 10.51 mln) from Norway's PGS Geophysical (UK) Limited against Armada Seismic Invest II AS in connection with the delivery of 3D seismic vessel Polar Duchess, said a press release from GC Rieber Shipping ASA. The Norwegian shipping company that operates offshore subsea support vessels said in a stock exchange annoucement: "Reference is made to the stock exchange announcement 29 May 2018, where it was announced that PGS had appealed Gulating Court of Appeal`s decision in PGS claim of approx.
SeaBird Exploration Appoints Hans Petter Klohs as CEO
SeaBird Exploration, a global provider of high end 2D, source and shallow water 2D/3D seismic services and associated products to the oil and gas industry, appointed Hans Petter Klohs as new CEO of the Company. The Board of Directors of the Company announced that The appointment takes effect as of 24 June 2018. Klohs has extensive senior executive management experience from Norwegian publicly listed entities in both oil service and oil & gas. Previous senior positions include serving as CFO and later as CEO in GC Rieber Shipping ASA for over 10 years…
GC Rieber Charter Agreement with Reach Subsea
GC Rieber Shipping ASA has entered into a time charter agreement with Reach Subsea for the CSV Polar King to support Norwegian University for Science and Technology’s (NTNU) scientific operation under the MarMine Project in the mid-Atlantic ridge. The project will deploy ROV, AUV and grabs for seabed mapping and sampling for geological and biological research related to marine mining. Estimated duration is three weeks. “We’re excited to yet again take part in research and exploration activities in the North Atlantic region…
GC Rieber Gets Extension for 'Polar Onyx'
Norwegian offshore shipowner GC Rieber Shipping has entered into an agreement to extend the fixed contract period for "Polar Onyx," according to a press release. The agreement secures the ship until the end of August 2017. It had won the initial contract for the vessel in early March. At the time, the company said that the charter would see the vessel continue operating in West Africa. Polar Onyx is a high capacity flexible piplay and subsea construction vessel built for harsh conditions and deep waters. The vessel is designed to operate in the SURF/Construction/IMR market.
Rasmussengruppen Sells Stake in Norden
Oslo based financial investor Rasmussengruppen sold its entire stake which is 4.8 million shares of Danish dry bulk bulker owner Norden. The company's share capital consists of 42,200,000 shares of DKK 1 each, amounting to DKK 42,200,000. Rasmussengruppen was the second biggest investor in Norden, after Danish company A/S Motortramp on 28.08%. Norden operates one of the industry’s most modern, flexible and competitive fleets globally within the dry cargo and tanker vessel types. Norden was founded in 1871 and is one of the world’s oldest listed ship owners.
Rieber Amends Dolphin Deal
Norwegian shipping company GC Rieber Shipping ASA has entered into an agreement with Dolphin Geophysical to increase Dolphins competitiveness in a challenging market. Rieber has agreed to take early redelivery of the survey vessel Polar Duke from Dolphin as part of an overall restructuring agreement. The deal will reduce $16million of hire payments for GC Rieber. Together with Dolphin’s improved terms of bank loans and reduced charter rates on Dolphin’s vessels from fellow Norwegian shipping firm Sanco, the deal will significantly improve Dolphin’s costbase.
GC Rieber Bags 3 Year TC for Polar Onyx
Norwegian offshore shipowner GC Rieber Shipping has entered into a time charter agreement with Deepocean BV for the SURF vessel Polar Onyx for a fixed period of three years with options to extend by up to two years. The Polar Onyx will be used in Ghana to support Deepocean's contract with Tullow Oil. Commencement is immediately and mobilization has begun. "We are very pleased to have secured a long-term charter agreement with Deepocean where we maintain a position to benefit from improving market conditions.
GC Rieber Shipping Secures Contract for Polar Queen
Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV vessel Polar Queen for a fixed period of four months with options to extend by up to one month. With this charter, all GC Rieber Shipping subsea vessels have secured contracts for the summer season 2018. The Polar Queen will be used in British sector to perform walk-to-work duties and commencement will be in May 2018. "We are pleased to see Polar Queen build on her success in the walk-to-work market and secure a new substantial charter with a Tier 1 client.
GC Rieber Chooses NAVTOR for Fleet-wide Navigation
Specialist ship owner, operator and manager GC Rieber has signed a fleet-wide agreement with NAVTOR for a total vessel navigation solution, spanning both paper and digital deliveries. NAVTOR, a global leader in e-navigation technology and services, will now install products throughout GC Rieber’s portfolio of advanced seismic and offshore ships, enhancing overall fleet efficiency, safety and cost control. The agreement is far reaching in scope. It covers the delivery of all digital and paper charts and publications…
TGS Awards Seismic Survey Contract to Shearwater GeoServices
Shearwater GeoServices, jointly owned by GC Rieber Shipping ASA and Rasmussengruppen AS, has been awarded a new contract by geophysical company TGS. The project is expected to take approximately three months and is scheduled to be completed by the end of September, 2018. For the second consecutive year Shearwater has been awarded a contract for a seismic survey on the Atlantic Margin in the Norwegian Sea. The 2018 survey will cover 5,135 km2 and will be performed by one of Shearwater's high-end 3D vessels.
Shearwater GeoServices Wins Contracts in West Africa
GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices has been awarded a contract to acquire 3D seismic for Genel Energy in the Sidi Moussa license offshore Morocco. Additionally, Shearwater has been awarded a five months contract for an undisclosed client engaged in West Africa. The market outlook is improving, and the two contracts add significantly to Shearwater's backlog for the 2018 summer and autumn seasons. Genel Energy, one of the largest independent oil producers listed on the London Stock Exchange…