News & Reports
Reach Subsea signs MoA with Beacon Offshore in Australia
Haugesund, 26 May 2026 – Reach Subsea has entered into a Memorandum of Agreement (MoA) with Beacon Offshore Ltd., establishing a strategic partnership to jointly pursue subsea projects in Australian waters. Under the agreement, the parties will collaborate exclusively to market, tender for, and execute subsea projects in Australia, combining Reach Subsea’s engineering and technology […]
Reach Subsea Signs 2+1-year Contract
Haugesund, 22 May 2026 – Reach Subsea ASA has signed a 2 + 1‑year contract covering IMR and Light Construction services offshore at the Black Sea, following the previously announced Letter of Intent. Reach Subsea ASA has entered into the contract with an undisclosed party (referred to as Charterer here within) that is providing provision […]
Reach Subsea ASA – 1Q 2026: Weak Quarterly Results; Reach Remote Entering Scale‑Up Phase
Haugesund, 05 May 2026 – Reach Subsea ASA today announced its first‑quarter 2026 results. Revenue for the quarter totalled NOK 551.4 million (compared to NOK 699 million in Q1 2025), while EBIT came in at NOK -192.1 million (compared to NOK 68 million same quarter last year). The weaker quarter was mainly driven by continued […]
Reach Subsea Receives LOI for a 2+1-year contract
Haugesund, 04 May 2026 – Reach Subsea ASA has been awarded a Letter of Intent (LOI) for a 2 + 1‑year contract covering IMR and Light Construction services in the Mediterranean and Black Sea region. In connection with this, Reach Subsea ASA has entered a separate LOI with Solstad Maritime ASA for the charter of […]
Annual and Sustainability Report 2025
Haugesund, 30 April 2026 – Reach Subsea ASA has today published its Annual and Sustainability Report for 2025. These figures are identical to the preliminary 2025 accounts published as part of the Reach Subsea ASA fourth quarter 2025 report on 12 February 2026. The Reach Subsea ASA Annual and Sustainability Report 2025, along with the company’s annual financial statements in European Single Electronic […]
Reach Subsea Awarded Two Contracts Using Reach Remote 1
Haugesund, 30 March 2026 – Reach Subsea has been awarded two new call‑offs under its frame agreement with Equinor, covering both gas reservoir monitoring and subsea inspection, maintenance and repair (IMR) services on the Norwegian Continental Shelf. Both contracts will be executed using the uncrewed surface vessel Reach Remote 1 (RR1). The first call‑off supports […]
Strategic inspection contract awarded with Reach Remote fully certified
Haugesund, 26 February 2026 – Reach Subsea has secured a contract with Equinor on behalf of Gassco for external inspection of approximately 3,500 kilometres of pipeline in Norway and along export routes to Denmark, Germany and the UK, with options for additional work in the Netherlands, Belgium and France. The contract covers external inspection of […]
Reach Subsea ASA – 4Q 2025: Results Down, Milestones on Reach Remote Delivered
Haugesund, 12 February 2026 – Reach Subsea ASA today announced its fourth-quarter and preliminary full year 2025 results. Revenue for the quarter totaled NOK 606 million (down from NOK 685 million in Q4 2024), while EBIT came in at NOK -60 million (compared to NOK 80 million same quarter last year). Revenues for the full […]
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Reach Subsea ASA – 3Q 2025: Weaker Results, Solid Performance on Remote Milestones
Haugesund, 18 November 2025 – Reach Subsea ASA today announced its third-quarter 2025 results, delivering sound performance while continuing investments in remote technology development. Revenue for the quarter totaled NOK 688 million (down from NOK 835 million in Q3 2024), while EBIT came in at NOK 51 million (compared to NOK 134 million last year). […]
Reach Subsea: Fleet update
Haugesund, 21 October 2025: Reach Subsea has exercised the first one-year option for the subsea vessel Olympic Triton, extending the charter through February 2027. The vessel has been on charter since February 2023 under a firm three-year agreement with two optional one-year extensions. This option secures continued access to a proven asset supporting our offshore […]
Reach Remote 1 – Cleared for operations without supporting vessel.
Haugesund, 13 October 2025 – Reach Subsea has been granted a trading permit to operate its Reach Remote 1 Uncrewed Surface Vessel (USV) entirely through remote operations—without a support vessel. The permit was issued by the Norwegian Maritime Authorities, with technical validation and support from DNV. Reach Remote 1 has already been in full commercial […]