We are pleased that the Argeo Venture project is progressing according to plan, and we would like to further share that the vessel has completed the first part of the sea trials after the upgrade last week.
The vessel is performing very well, and all maritime systems are now GO.
Later this week, the final part of the trials will commence with the Hugin Superior sea trials before the vessel goes back to the yard for final touches with its departure from Norway in the first week of April.
Revenue for Q4 amounted to USD 5.4 million, marking an increase of 440% year-over-year (YoY). EBITDA amounted to USD -5.7 million, alongside an EBIT of USD -7.9 million. Net profit for the quarter was USD -8.5 million, improving from USD -9.4 million in Q4 2023....
Autonomous Underwater Vehicles (AUV’s) have been introduced as efficient tools for subsea pipeline inspections. It has also been demonstrated that AUVs can be used to perform contactless and continuous electric field measurements of the Cathodic Protection (CP)...
Asker, 21 November 2024: Argeo ASA sustains its continued momentum in the third quarter, driven by solid project performance, coupled with strong operational utilization and the uplisting to the Oslo Stock Exchange. Revenue improved to USD 23 million, marking an...