The interaction of a shockwave with a gas bubble in a liquid medium is of interest in a variety of areas, e.g. shockwave lithotripsy, cavitation damage and the study of sonoluminescence. This study employs a high-resolution front-tracking framework to numerically investigate this phenomenon. The modelling paradigm is validated extensively and then used to explore the parametric space of interest. We provide a comprehensive qualitative analysis of the collapse process, which we categorize into three phases, based on the principal feature dominating each phase. This results in the characterization of numerous previously unidentified features important in the evolution of the process and in the emergence of peak temperatures and pressures. For example, we discover that the peak pressure does not occur as a result of the impact of the main transverse jet (also called the re-entrant jet) but later in the collapse. We perform fully three-dimensional simulations, showing that three-dimensional instabilities are limited to the small-scale details of collapse, and continue by comparing collapse of cylindrical and spherical bubbles. We detail a parametric investigation varying the shock strength from 100 MPa to 100 GPa. A counter-intuitive discovery is that the maximum gas density decreases with increasing shock strength.