Finance News

The Biden-Harris administration has unveiled the President’s Budget for Fiscal Year 2025, outlining crucial funding allocations to advance the Bureau of Ocean Energy Management's (BOEM) mission and drive action on key climate priorities. Using the best available science and practices in the decision-making process, the Administration seeks to align the management of America’s offshore energy, mineral, and geological resources with our Nation’s climate, conservation, and clean energy goals.

Unseenlabs, a France-based company and global leader in maritime surveillance through detection and geolocation of radio frequency signals from space, announces the closure of an exceptional fundraising round of €85 million. This operation, one of the largest in the space industry, confirms the global interest in Earth observation and marks a new milestone in Unseenlabs’ development. This new funding round brings together new leading investors: Supernova Invest, ISALT via its Strategic Transition Fund, and UNEXO.

Cleantech venture capital pioneer Emerald Technology Ventures has invested into Sea Machines, a developer of autonomous control systems and advanced perception technology for maritime vessels. This 12 million USD funding round, which was joined by Nabtesco Technology Ventures (NTV), Chevron Technology Ventures, Ingram Industries, RKKVC, Level 2 Ventures, and IMC Ventures, will help Sea Machines hone its technological edge and grow its market presence.

VIKING Life-Saving Equipment A/S delivered outstanding results across its product areas and markets in 2023. In terms of revenue and, in particular, earnings, the company has met the goals set out in its BP25 business plan much earlier than expected. Work on the next business plan, BP28, with new strategic objectives, is well advanced, and is due to be approved later this year.

Leading innovator in autonomous marine survey and underwater inspection solutions and services Subsea Europe Services has completed a strategic multi-million Euro funding round. This significant investment marks a pivotal moment in the company's journey towards ‘True Autonomy’, an innovative approach to optimising marine data workflows through the seamless integration of new-generation sensors and platforms.

Oceaneering International, Inc. Manufactured Products segment won multiple contracts during the fourth quarter of 2023, with anticipated aggregate revenue of approximately $200 million. The anticipated revenues from these contracts, primarily with international oil and gas operators and marine construction companies, range in value from less than $10 million to greater than $100 million.

After completing the acquisition, Talos has approximately 183.0 million shares of common stock outstanding, including approximately 24.4 million shares issued to the QuarterNorth shareholders as consideration for the transaction. Additionally, Talos has appointed QuarterNorth's designee, Joseph A. Mills, to the Talos Board of Directors. Talos plans to update its 2024 operational and financial guidance to reflect the acquisition closing timing in the coming days.

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