SeaBird Exploration is proposing to rebrand the company as the Green Energy Group to signify its commitment to the energy transition.
SeaBird Exploration is proposing to rebrand the company as the Green Energy Group to signify its commitment to the energy transition.
The company, which is relocating from Cyprus to Norway, will retain the name SeaBird Exploration for its offshore seismic business. SeaBird will become a subsidiary of Green Energy Group.
The group’s change of strategy includes the formation of its subsidiary Green Minerals, which has now been listed on Euronext Growth, aimed at finding minerals in the seabed vital for producing batteries needed for the energy transition. The company has already signed an agreement with a consortium led by OSI Industries (UK) Ltd for a harsh environment deep sea mining system (HEDSMS). SeaBird has also won its first ever contract award in offshore wind.
Meanwhile, the company has won a 90-day OBN source contract in the Eastern Hemisphere and has reported a first quarter EBTIDA loss of $0.5 million.
