News
Argeo selected for RWE Canopy offshore wind project in Northern California
Argeo is pleased to announce that it has been awarded a contract to carry out the initial site investigation survey for RWE’s Canopy offshore wind project in Northern California. Project Details The contract involves a 40-day initial site investigation survey, with an...
Argeo delivers strong financial results in the first quarter
Argeo achieved record growth in revenue, with an increase of 288% YoY to USD 9.5 million and an EBITDA of 2.9 million, an increase of +415% YoY. Net profit was USD 2.0 million, an increase of 238% YoY. The remaining backlog for 2024 now totals USD 54 million, whereas...
Argeo further enhances competitive edge in subsea inspection and marine minerals markets with latest electromagnetic sensor system patent
Argeo Robotics AS, a wholly owned subsidiary of Argeo AS, has been granted a new patent from the Norwegian Industrial Patent office (Patentstyret) safeguarding the innovative design of the high-performance electromagnetic system “Argeo Listen”.
Argeo’s Proprietary Technology: Advancing Deep-Sea Exploration and Marine Minerals Resource Assessment
The Norwegian government’s recent decision to open the Norwegian Exclusive Economic Zone for mineral activities marks a significant milestone. Preceding this decision, the Norwegian Offshore Directorate conducted a systematic deep-sea mapping initiative, with Argeo providing support through its exploration technology and services utilized for seabed mapping in 2023…
Argeo has signed a contract with Woodside Energy for Calypso AUV survey
Argeo Venture has completed its conversion upgrade in Norway and started the transit April 7th towards West-Africa for a project with international energy company TotalEnergies.
Upgraded Argeo Venture has started transit for TotalEnergies project
Argeo Venture has completed its conversion upgrade in Norway and started the transit April 7th towards West-Africa for a project with international energy company TotalEnergies.
Prospectus for subsequent offering (4 April)
Please find the prospectus in reference to the current subsequent offering. The subscription period ends 11 April 2024 at 16:30 hours (CEST). Download the prospectus here: Pareto Securities Sb1markets MORE FINANCIAL NEWS
Argeo Venture status update
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…
Argeo signs “Certificate of Delivery and Acceptance” with CSI for second Kongsberg Discovery HUGIN Superior AUV
Ocean surveying and inspection specialist Argeo Subsea, CSI Nordics and Kongsberg Discovery have signed a three-party Certificate of Delivery and Acceptance for a new HUGIN Superior AUV. The agreement, confirmed at Oceanology International in London, supports Argeo’s...
