Oceanteam has decided to stop funding its UK subsidiaries, Oceanteam Power & Umbilical and Oceanteam Subsea Services.
Oceanteam fails to secure financing
Oceanteam has not been able to clinch financing for its planned East-West interconnector linking the electrical grids of the UK and Ireland, as the Norwegian offshore company's financial problems continue to mount.
4 June 2009 22:00 GMT
Updated
25 November 2012 9:36 GMT
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