News
Argeo achieves significant growth in the second quarter
Asker, 29 August 2024: Argeo reports good growth performance for Q2 2024, driven by significant contract wins and strategic advancements in our technology portfolio. Revenue improved to USD 15.7 million, marking an increase of 1037% year-over-year (YoY). EBITDA rose...
We’re proud to recognize the incredible efforts behind Argeo’s granted patents
As our CTO, Thorbjørn Rekdal, perfectly captures, "Argeo has successfully secured six patents in the field of subsea electromagnetic and acoustic sensor technologies, demonstrating our commitment to innovation. This week, we had the pleasure of celebrating the...
Half-year operational update
Below are highlights from our half-year operational update from Argeo. You can download the full update presentation here: Download Full Operational Update (PDF) Vessel Inspection: Completed intermediate planned vessel inspection in Durban Docking &...
Argeo is granted new patent for acoustic tracking of buried subsea objects
Argeo Robotics AS, a wholly owned subsidiary of Argeo AS, has been granted a new patent from the Norwegian Industrial Patent office (Patentstyret) using acoustic sensors for tracking buried pipelines/objects below the seafloor. The patent protects an innovative use of...
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.
