News & Reports
Reach Subsea ASA – Q3 2024 Continued steady progress.
Haugesund, 12 November 2024: Reach Subsea ASA announces its third quarter results for 2024, demonstrating strong underlying financial performance, well above the same period last year. Revenue for the quarter stands at NOK 835 million and the EBIT at NOK 134 million. Year to date the company has reached a revenue milestone just above 2 […]
Invitation to presentation of the third quarter results 2024
Haugesund, 06 November 2024 – Reach Subsea ASA will publish its financial results for the third quarter 2024 on Tuesday 12 November 2024 at 07:00 CEST. The company’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcast presentation of the results in English on the same day at 9:30 CEST. Webcast presentation: […]
Reach Subsea Gains TotalEnergies as New Collaboration Partner for the Reach Remote USV Qualification Program.
Haugesund, 29 October 2024: Reach Subsea AS announces that TotalEnergies confirms its support to the qualification pilot program of the Reach Remote USV. Earlier this year, on June 21, Reach Subsea entered into an agreement with Equinor to conduct a technology qualification program. Today, this commitment is further reinforced with the addition of TotalEnergies and […]
Reach Subsea has been granted up to EUR 14.3 million from the EU Innovation Fund.
Haugesund, 22 October 2024: Reach Subsea has been granted funding of up to EUR 14.3 million from the EU Innovation Fund under the Net Zero Technologies initiative. This is a significant step forward for Reach Subsea’s innovation agenda, our Reach Remote scale up plans and our commitment to driving sustainable ocean technology. We are excited […]
Reach Remote 1 Named ‘Ship of the Year 2024’
Hamburg, 03 September 2024: Reach Subsea’s USV vessel ‘REACH REMOTE 1’ today received the Skipsrevyen Ship of the Year 2024 award at the SMM exhibition in Hamburg. Reach Subsea introduced the REACH REMOTE concept in 2019, partnering with Kongsberg Maritime, who took on the role of the primary turn-key contractor. Equipped with advanced KONGSBERG technology, […]
Reach Subsea ASA – Q2 2024 Confirming steady progress.
Haugesund, 27 August 2024: Reach Subsea ASA announced its second quarter and half-year results for 2024 today, demonstrating consistent advancement towards its strategic objectives. Revenue for the quarter stands at NOK 623 million and the EBIT at NOK 121 million. The decrease compared to the second quarter of 2023 is primarily a result of last […]
Invitation to presentation of the second quarter and half year results 2024
Haugesund, 20 August 2024 – Reach Subsea ASA will publish its financial results for the second quarter and half year 2024 on Tuesday 27 August 2024 at 07:00 CEST. The company’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcast presentation of the results in English on the same day at 9:30 […]
Reach Subsea collaborates with Equinor for Reach Remote USV Qualification Program.
Haugesund, 21 June 2024: Reach Subsea AS has entered into an agreement with Equinor to conduct technology qualification program for the Reach Remote USVs. Reach Subsea’s USVs, Reach Remote 1 and 2, have entered the final testing stage. This contract confirms the qualification pilot program necessary to validate their intended operations, with financial support from […]
Reach Subsea Strengthens Order Backlog with New Contracts
Haugesund, 04 June 2024: Reach Subsea ASA continues to increase its order backlog after securing multiple new contracts, contract extensions and call-offs within the scope of our existing contracts and frame agreements. Reach Subsea has recently secured contracts with an estimated total value of 500 million NOK for 2024 and 2025. We are capitalizing on […]
Reach Subsea extended 3-year charter on Havila Subsea.
Haugesund, 03 June 2024: Reach Subsea ASA has entered an agreement with Havila Shipping ASA to extend the firm charter period for the IMR, survey and construction vessel Havila Subsea with 3 years until 31.12.2027. The contract includes additional options for 1 + 1 years. In a rising market, maintaining strong operational control over core […]
Reach Subsea Australia: Awarded First Survey Project under Renewed HIPP Deed
Reach Subsea Australia, is proud to announce the award of the first project under the renewed Hydroscheme Industry Partnership Panel (HIPP) deed. This prestigious project will cover the Cape Fourcroy region in the North-West of Australia. Cape Fourcroy Survey Details The survey will cover one area within the Timor Sea, west of Bathurst Island, extending […]
New Agreement Ensures International Cooperation in the Operation of Autonomous Ships
Norway recently announced in a press release that it has signed a new agreement with the United Kingdom, Belgium, Denmark, and the Netherlands to facilitate improved cooperation in the international operation of autonomous ships. Ref. Press release 10.05.2024 The purpose of the agreement is to simplify the operation of autonomous ships in the North Sea […]