Latest Reach Subsea News & Updates

See the latest news and media coverage for Reach Subsea. We track all announcements, press releases, and industry mentions in real time, all in one place.

Reach Subsea

Subsea survey, monitoring and ocean services provider

reachsubsea.no

Headquarters: Haugesund, Norway
Founded year: 2008
Company type: Public company
Number of employees: 200–600
Industry: Oil Related Services and Equipment

Last updated Today

Latest news about Reach Subsea

In short: Reach Subsea advanced its remote operations and expanded globally, despite facing recent financial headwinds and regional vessel delays.

Company announcements

June 9 Reach Subsea

Reach Subsea obtains approval for remote-controlled operations in UK waters

The Reach Remote 1 vessel can now operate in UK waters from Norway, marking an industry first for remote marine operations.

May 22 Reach Subsea

Reach Subsea signs a 2+1-year contract for Black Sea operations

The contract covers IMR and light construction services for an undisclosed charterer, with a strategic partnership and vessel charter from Solstad Maritime.

May 5 Reach Subsea

Reach Subsea reports weak Q1 2026 results

Revenue fell to NOK 551.4m and EBIT was NOK -192.1m. Reach Remote enters scale-up and a 2+1 year IMR LOI was announced.

May 4 Reach Subsea

Reach Subsea receives LOI for 2+1-year contract

The contract covers IMR and Light Construction services in the Mediterranean and Black Sea. Reach Subsea enters LOI with Solstad Maritime for vessel charter. Final contract expected next week.

Media coverage

July 2 Yahoo Finance

REACH SUBSEA (REACH.OL) Q1 FY2026 earnings call transcript

Earnings call Reach Subsea reported Q1 2026 revenue of NOK 551.4 million, down 21% YoY, with EBIT swinging to NOK -192.1 million from NOK 68.2...

June 27 Reuters

Norway oil service lockout takes effect, disrupts offshore drilling

Around 1,000 Norwegian oil service workers were locked out on Saturday morning in an escalation of a labour dispute that is expected to disrupt drilling...

May 26 Offshore Engineer

Reach Subsea, Beacon Offshore Form Australian Subsea Partnership

Norwegian subsea services firm Reach Subsea has signed a memorandum of agreement with Beacon Offshore to establish a ...

May 17 The Globe and Mail

EQNR Awards Reach Subsea for Development of NCS Using Reach Remote 1

Equinor ASAEQNR has awarded Reach Subsea two new contracts under an existing framework agreement. The work will be carried out on the Norwegian Continental Shelf...

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