GC Rieber, partners to establish holding company

GC Rieber Shipping has entered into an agreement with StatoilHydro Venture AS and Reservoir Innovation AS to establish the holding company Hexio AS.

Jul 30th, 2008

Offshore staff

BERGEN, Norway -- GC Rieber Shipping has entered into an
agreement with StatoilHydro Venture AS and Reservoir Innovation AS to
establish the holding company Hexio AS.

Hexio has a business idea of offering technology and services related to
permanent monitoring (4C/4D) of oil and gas fields in operation through
the subsidiary Octio Geophysical AS.

GC Rieber Shipping will also transfer the 2D/source vesselGeo
Explorer to the new company.

GC Rieber Shipping will have a 60% shareholding in Hexio, while
StatoilHydro Venture and Reservoir Innovation will each own 20%.

Hexio will own 74% of Octio, while the remaining 26% will be held by ION
Geophysical Corporation.

07/30/2008

More in Company News
Schlumberger divests fishing and tubulars businesses, assets
Wellbore Integrity Solutions, an affiliate of Rhône Capital, has agreed to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility on Rankin Road in Houston from Schlumberger.
May 14th, 2019
Aqualis merging with Braemar
Aqualis has agreed to acquire the majority of the Braemar Technical Services division.
May 13th, 2019
Occidental to acquire Anadarko
Anadarko Petroleum Corp. has terminated its merger agreement with Chevron Corp. and has entered into a definitive merger agreement with Occidental Petroleum Corp.
May 10th, 2019
Anadarko expected to terminate Chevron merger agreement
Chevron Corp. said it will not make a counterproposal to Occidental Petroleum’s Corp. revised bid to acquire Anadarko Petroleum Corp.
May 9th, 2019
Anadarko acknowledges merits of latest Occidental bid
Anadarko Petroleum’s board has declared that Occidental Petroleum’s revised takeover offer constitutes a “Superior Proposal,” compared with the Chevron merger agreement.
May 7th, 2019
OTC 2019: TAQA looking to raise North America oilfield services profile
Saudi Arabia’s Industrialization and Energy Services Co. (TAQA) aims to complete the acquisition of two companies in the North American oilfield services technology and manufacturing sectors by year-end.
May 7th, 2019
OTC 2019: More major oil companies join additives JIP
Petrobras and ConocoPhillips have signed up to a joint industry project concerning certification for additively manufactured industrial parts.
May 7th, 2019
Craig to provide maintenance support for BP’s North Sea platforms
BP has awarded Craig International a three-year, £20-million ($26.2-million) procurement contract in the UK offshore sector.
May 6th, 2019
TGS to acquire Spectrum
TGS-NOPEC Geophysical Co. has agreed to terms for the acquisition of Spectrum, a provider of 2D and 3D seismic data.
May 3rd, 2019
Craig clinches Spirit UK offshore procurement deal
Spirit Energy has awarded oilfield procurement specialist Craig International a five-year contract with a two-year extension option.
May 3rd, 2019
Wintershall Dea starts operations
Wintershall and DEA Deutsche Erdoel have completed their merger, following approvals from all relevant authorities and shareholders BASF and LetterOne.
May 2nd, 2019
Diving forum to address safety measures
Three groups have established the International Diving Industry Forum with a view to lessening the risks associated with energy industry diving operations worldwide.
Apr 30th, 2019
WorleyParsons completes Jacobs ECR acquisition
WorleyParsons has completed the $3.2-billion (A$4.55-billion) acquisition of Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division.
Apr 29th, 2019
Anadarko to resume negotiations with Occidental
Anadarko Petroleum Corp. said it intends to resume negotiations with Occidental Petroleum Corp. in response to its acquisition proposal delivered on April 24.
Apr 29th, 2019