Archer Expands Into Offshore Wind Market

Archer (ARHVF) has released an update.

Archer has acquired Moreld Ocean Wind AS to enhance its energy services portfolio and capitalize on the growing offshore wind market, leveraging MOW’s engineering expertise and preferred supplier status for wind farm projects. The strategic move aims to support Archer’s oil and gas customers transitioning to renewable energy, while also utilizing Archer’s extensive offshore capabilities to drive future growth.

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