Oceaneering International Company News

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Oceaneering Rides Recovery Wave With New ROV Technology
Thursday, October 18, 2018 Technology is increasingly becoming more important for oilfield services companies to gain an edge in what's still a recovering market.

Oceaneering Sees Reason for More Offshore Confidence
Monday, September 10, 2018 Oceaneering and Subsea 7 will supply an umbilical and flying leads for Shell's deepwater Vito development.

Oceaneering Names New CEO
Wednesday, February 15, 2017 Oceaneering announces Roderick A. Larson to succeed M. Kevin McEvoy as chief executive officer.

IoT Technology to Reduce Need for Oil, Gas Workers Offshore
Friday, October 14, 2016 IoT technology will reduce the number of workers needed on offshore oil and gas facilities, an official with Oceaneering International tells Rigzone.

Oceaneering Clinches Contract to Provide Subsea Support Vessel in India
Wednesday, September 30, 2015 Oceaneering clinches a subsea field support vessel services contract from an oil and gas company in India.

Oceaneering, GE Oil & Gas Bag Subsea Contract for Ghana's OCTP Project
Tuesday, March 24, 2015 The Oceaneering-GE Oil & Gas consortium secures a subsea equipment contract for the Offshore Cape Three Point Project offshore Ghana, West Africa.

Ocean Installer Wins Delta House SURF Contract
Friday, November 21, 2014 Ocean Installer wins a contract for an umbilical installation project with Oceaneering for LLOG on the Delta House project in the Mississippi Canyon Area of the U.S. Gulf of Mexico.

Oceaneering Bags Umbilical Supply Deal for Indonesia's Jangkrik Project
Thursday, June 12, 2014 Oceaneering bags contract to supply umbilicals for the Jangkrik project in Muara Bakau production sharing contract offshore Makassar Strait, Indonesia.

Oceaneering Clinches Umbilical Contract for GOM Julia Field
Thursday, June 27, 2013 Oceaneering secures a contract with ExxonMobil to supply a production control umbilical for its Julia field development.

Oceaneering Bags Saipem Gig Offshore Egypt
Monday, May 20, 2013 Oceaneering International secures a contract from Saipem to supply umbilicals for the Burullus West Delta Deep Marine Phase IXa development.

Oceaneering Bags BP Quad 204 Gig
Friday, February 08, 2013 Oceaneering secures an order from BP Exploration Operating Company to supply umbilicals for BP's Quad 204 field development west of Shetland, United Kingdom.

Oceaneering Inks Charter Gig for GOM Ops
Monday, October 08, 2012 Oceaneering enters into a five-year charter for use of the Cade Candies, a multi-service subsea support vessel owned by Otto Candies LLC.

Oceaneering Adds New Member to Management Team
Monday, June 04, 2012 Oceaneering International appoints new Vice President of Corporate Development.

Oceaneering Wins Umbilical Gig for Lula
Monday, May 07, 2012 Oceaneering secures a contract from Petrobras to supply thermoplastic production control umbilicals for development projects at the Lula and Sapinhoa fields.

Oceaneering Clinches Umbilical Contract for Petrobras Field
Wednesday, April 11, 2012 Oceaneering International has secured a contract from Petrobras to supply thermoplastic production control umbilicals for the Whales Park field development project offshore Brazil.

Oceaneering Enters Revolving Credit Facility
Friday, January 06, 2012 Oceaneering has entered into a new credit agreement for a $300 million revolving credit facility.

Oceaneering Secures BP Vessel Contract Offshore Angola
Wednesday, December 21, 2011 Oceaneering International secures a 3-year Field Support Vessel Services contract from BP offshore Angola.

Oceaneering to Purchase AGR Field Operations
Wednesday, November 23, 2011 Oceaneering has entered into a definitive agreement to acquire AGR Field Operations from AGR and FieldCo Invest AS.

Oceaneering Sells Ocean Legend
Monday, September 12, 2011 Oceaneering International, Inc. announced Monday the sale of the Ocean Legend, a mobile offshore production system, to an undisclosed buyer.

Oceaneering Posts Quarterly Dividend
Thursday, July 28, 2011 Oceaneering declared a regular quarterly dividend of $0.15 per common share.

Oceaneering to Acquire Norse Cutting & Abandonment
Monday, March 07, 2011 Oceaneering has entered into a definitive purchase agreement to acquire Norse Cutting & Abandonment AS (NCA).

Oceaneering Posts Record Annual Profit in 2010
Thursday, February 17, 2011 "Our annual earnings of over $200 million and EPS of $3.65 were the highest in Oceaneering's history," stated T. Jay Collins.

Oceaneering Acquires SMX Operating Assets
Tuesday, August 03, 2010 Oceaneering has acquired all the operating assets of SMX International Canada.

Oceaneering Anticipates Hit from Moratorium
Monday, June 07, 2010 Oceaneering International announced that it is making a preliminary change to its 2010 EPS guidance.

Oceaneering Bids High for DMT Sapphire
Thursday, May 20, 2010 Oceaneering announced it was the high bidder to acquire the DMT Sapphire from an affiliate of Deep Marine Technology, under a bankruptcy-sponsored auction proceeding

Oceaneering Names Senior VP, Subsea Products
Wednesday, April 21, 2010 Oceaneering has appointed Knut Eriksen as Senior Vice President, Subsea Products.

Oceaneering Promotes Kevin McEvoy to Executive VP, COO
Wednesday, February 24, 2010 Oceaneering has promoted M. Kevin McEvoy to Executive Vice President and Chief Operating Officer.

Oceaneering Targets $300MM Cash Flow in 2010
Thursday, February 18, 2010 Oceaneering reported fourth quarter and annual earnings for the periods ended December 31, 2009.

Shell Sets New Industry Record in Subsea Well Intervention
Thursday, December 10, 2009 Shell and Oceaneering achieved a new industry record in subsea well intervention by successfully replacing a failed Subsurface-Controlled Subsurface Safety Valve in the U.S. GOM using Openwater Wireline technique at a water depth of 2,673 feet.

Oceaneering Selects Containental for U.S. ROV Build Project
Monday, November 23, 2009 Containental Offshore has won a contract with Oceaneering to design and deliver 65 tool room containers to Morgan City, Louisiana, where the company designs and builds its ROV fleet.

Oceaneering's ROV Operating Income Buoys 3Q Earnings
Thursday, October 29, 2009 On revenue of $484 million, Oceaneering generated net income of $49.8 million. Sequentially, quarterly earnings improved on solid growth in ROV operating income.

BP Taps Oceaneering for Corrosion, Inspection Management Services
Thursday, September 03, 2009 Oceaneering has obtained a corrosion and inspection management services contract from BP with estimated revenue of approximately $45 million over an initial three-year term.

Oceaneering to Supply Umbilicals for Kizomba Satellites
Tuesday, August 18, 2009 Oceaneering will supply umbilicals for the Kizomba Satellites development located in Block 15 offshore Angola, West Africa.

Oceaneering Promotes Kevin Kerins to Senior VP of ROV Business
Wednesday, August 12, 2009 Oceaneering Internationa has announced the promotion of Kevin Kerins to Senior Vice President, Remotely Operated Vehicles.

Oceaneering Sails Out of 2Q with Better Than Anticipated Performance
Wednesday, July 29, 2009 "Our earnings were above the top of our guidance range due to better than anticipated performance by our Subsea Projects business," said Oceaneering's President and CEO T. Jay Collins.

Oceaneering Wins Umbilical Global Supply Contract in Brazil
Wednesday, July 29, 2009 Oceaneering International secured an umbilical global supply contract in late June with estimated revenue in the range of $44 million to $64 million from Petrobras.

Measuring Flow at Deepwater Depths
Thursday, May 07, 2009 The recently awarded RPSEA deepwater measurement research project will benefit both government and operators, as well as have worldwide implications.

MSV Ocean Intervention Contracted for Subsea Services in Deepwater GOM
Tuesday, December 09, 2008 Oceaneering has secured a one-year term contract with estimated revenue in the range of $25 million to $30 million for use of the MSV Ocean Intervention and other related services for deepwater subsea facilities in the Gulf of Mexico.

Clough Secures GOM Work with 2 Clients for Normand Clipper
Tuesday, October 07, 2008 Clough Limited has secured a further US $15 million work for its vessel, Normand Clipper, in the Gulf of Mexico for two clients, Apache Corporation and Oceaneering International.

Oceaneering Scores Subsea Contract for Services on GOM's Perdido
Wednesday, July 09, 2008 Oceaneering was awarded a contract by Shell for the fabrication and installation of subsea hardware on Shell's ultra-deepwater Perdido Regional Development project in the Gulf of Mexico. Engineering and fabrication of the hardware has commenced.

Oceaneering Announces the Promotion of Hewlett to Senior VP
Wednesday, May 07, 2008 In this capacity he will continue to have responsibility for managing Oceaneering's Mobile Offshore Production Systems and Subsea Projects businesses.

Oceaneering Announces Subsea BOP Control System Contract
Thursday, May 01, 2008 Oceaneering International, Inc. has been awarded a contract valued at over $14 million by Frontier Drilling USA to deliver a new generation, subsea blowout preventer (BOP) control system.

Oceaneering Wins Pazflor Subsea Separation Equipment Contract
Thursday, May 01, 2008 The order is for three umbilicals totaling approximately 11,800 meters (7.3 miles) in length, to be installed as part of FMC Technologies' subsea gas/liquid separation system.

Oceaneering Announces Record First Quarter Earnings
Thursday, May 01, 2008 On revenue of $436 million, Oceaneering generated net income of $41.3 million, or $0.74 per share. During the corresponding period in 2007, Oceaneering reported revenue of $344 million and net income of $33.2 million, or $0.60 per share.

Oceaneering Acquires GTO Subsea AS
Monday, March 17, 2008 GTO equipment is used for the subsea suction, transport, and disposal of sand, clay, and rock associated with ocean floor construction, decommissioning, and drill support activities in support of offshore oil and gas exploration and production.

Oceaneering Announces Record Quarterly Earnings
Friday, November 02, 2007 Oceaneering ported record quarterly earnings for third quarter 2007; revenue of $485 million; net income of $53.9 million.

Oceaneering Wins Orders for Subsea BOP Control Systems
Tuesday, September 18, 2007 Oceaneering International has recently secured three contracts for subsea blowout preventer (BOP) control systems, with a combined value in excess of $30 million.

Oceaneering Charters Newbuild Subsea Support Vessel
Friday, September 14, 2007 Oceaneering International has chartered an Olympic P101 Class multi-service subsea support vessel currently under construction from Olympic Shipping AS.

Hurricanes Favor Some Energy Companies Over Others
Monday, August 20, 2007 During a five-week stretch two years ago that produced hurricanes Katrina and Rita, energy equities were among the biggest winners in a flattish market otherwise spooked with concern about the effects of higher energy prices.

Oceaneering Sees Record Quarterly Earnings
Thursday, August 02, 2007 Oceaneering International reported record quarterly earnings on revenue of $432 million, and generated net income of $47.9 million, or $0.86 per share.