Bergen, 2 January 2024: Reference is made to the announcements on 5 April and 19 December 2024 made by Shearwater Geoservices AS (the “Company” or “Shearwater”) published on the Company’s website regarding, respectively, the successful placement of a USD 300 million senior secured first lien bond (the “Bonds”), and the approval by the Financial Supervisory […]

DEbTINFORMATION Investor relations BOND INFORMATION Senior Secured USD 350 million bonds Issue date: 4 April 2024 Maturity date: 4 April 2029 Cupon: 9.50%, payable semi-annually ISIN: NO0013182766 Prospectus BANK FACILITIES Senior Secured USD 300 million Term Loan facility Established: 4 April 2024 Maturity: 4 April 2029 Amortisation: USD 12.5 million quarterly instalments Interest: 3M SOFR […]

Bergen, 20 December 2024: Shearwater Geoservices Holding AS (“Shearwater”) has received a work order from Petrobras to start one of the two 4D projects in Brazil covering the Jubarte and Tartaruga Verde fields in the Campos Basin area. The eight-month commitment, the award of which was previously announced 4th Jan 2023, will be utilising Shearwater’s […]

Bergen, 19 December 2024: Reference is made to the press release by Shearwater Geoservices Holding AS (“Shearwater”) on 5 April 2024 about the successfully placed USD 300 million senior secured first lien bond due 3 April 2029 (the “Bonds”), issued by Shearwaters wholly owned subsidiary Shearwater Geoservices AS (the “Company”). On 19 December 2024, the […]

Bergen, 17 December 2024: RASMUSSENGRUPPEN AS has executed two separate transactions, increasing the ownership in Shearwater Geoservices Holding AS to 88.8% of the shares outstanding. The first transaction is the conversion of the interest-bearing convertible loan provided to Shearwater in 2021 as part of the financing of vessel and streamer investments. In December 2024, the […]

Shearwater congratulates the Northern Endurance Partnership (NEP), Net Zero Teesside Power (NZT Power), and Denmark’s Greensand project for reaching Final Investment Decision (FID) this week. These milestones represent important steps in advancing global carbon capture and storage (CCS) efforts, and Shearwater is proud to play a key role in enabling this progress.  Shearwater provided high-quality […]

Bergen, 03 December 2024: Shearwater Geoservices Holding AS (“Shearwater”) has been awarded a large 2D towed streamer seismic survey by Oil India Ltd, covering 14,500 line kilometers on the East Coast of India in the Bay of Bengal. The project, scheduled to commence early 2025, forms part of India’s National Seismic Program (NSP) and is […]

Safety is a key aspect of everyday work here at Shearwater. Whether onshore in our offices, warehouses, and manufacturing facilities or offshore on our vessels, maintaining the highest standards of safety ensures the well-being of our employees and clients, while driving successful operations on every global front. The PACE (Preventing Accidents by Controlling Exposure) program […]

Bergen, 29 November 2024: Shearwater Geoservices AS (“Shearwater”) today published its third quarter 2024 results. Highlights Q3 2024: High activity at the start of the quarter, followed by increased idle-time due to completion of several projects Revenues of USD 178.7 million compared to USD 267.3 million in Q3 2023 EBITDA of USD 50.6 million compared […]