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Oceaneering Announces First Quarter 2017 Earnings Release and Conference Call Dates

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HOUSTON, March 29, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced it will report financial results for the first quarter 2017 on Wednesday, April 26, 2017, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering’s website at www.oceaneering.com.

Oceaneering also has scheduled a conference call and webcast related to its first quarter 2017 results for Thursday, April 27, 2017, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneering’s website. A replay of the conference call will be made available on the website starting one hour after the live call ends.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment and aerospace industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com


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Oceaneering Announces Anadarko Constellation Umbilical Contract

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HOUSTON, April 6, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that it secured a contract from Anadarko Petroleum Corporation (“Anadarko”) (NYSE: APC) to supply the umbilical for Anadarko’s Constellation subsea tieback in the U.S. Gulf of Mexico.

The contract is for a dynamic and static electro-hydraulic steel tube control umbilical, and associated hardware. Oceaneering plans to design and manufacture the umbilical at its facility in Panama City, Florida.

The control umbilical for the Constellation project is expected to be used to transmit hydraulic control fluid and chemicals, as well as provide the electrical power and fiber optic requirements to operate and monitor the subsea wells which are located in approximately 1,370 meters (4,500 feet) of water within Green Canyon Block 627. The umbilical is expected to be tied back to Anadarko’s Constitution spar.

Statements in this press release that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking. The forward-looking statements in this press release include the statements concerning Oceaneering’s planned design and manufacturing location, as well as the expected use and tie back of the umbilicals. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting Oceaneering’s business. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. These and other risks are more fully described in Oceaneering’s latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For more information on the Company, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707


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Oceaneering Space Systems Receives NASA’s Safety and Health Excellence Award

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April 10, 2017 – Houston, Texas – Oceaneering International, Inc. announced that a division of its Advanced Technologies business unit, the Oceaneering Space Systems (“OSS”) team at NASA’s Johnson Space Center (“JSC”), was awarded the JSC 2016 Contractor Safety and Health Forum (“CSF”) Safety Excellence Award – “Super Nova”.

This is the fourth consecutive year that Oceaneering has received the Super Nova. It is the highest level award which recognizes contractor organizations that have demonstrated significant participation and excellence in JSC safety and health activities.

Candidates submitted their respective applications showing Occupational Safety and Health Administration incidence rate safety data, management, and employee participation level in the CSF, Contractor Affairs Safety and Health Committee, and JSC Safety and Health Action Team meetings. From reinforcing Oceaneering’s Life Saving Rules Program to raising awareness about environmental impact, OSS shared safety best practices and safety innovations while demonstrating service to the JSC community.

“It is an honor to be selected from among the JSC organization for this prestigious award. At Oceaneering, our unwavering commitment to safety is the foundation of our culture. This special recognition is a testament to the overall strength of Oceaneering’s HSE program,” said Michael Bloomfield, Vice President and General Manager of OSS.

From left to right, Lon Miller – CSF Chair, Doug Harris, OSS HSE, Michael Bloomfield – OSS VP/GM, and William McArthur – NASA S&MA Director.

 

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2017 Oceaneering/MTS Symposium

2017 Oceaneering/MTS Symposium – Exhibitor

Oceaneering Reports First Quarter 2017 Results


Oceaneering Declares Quarterly Dividend

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HOUSTON, April 26, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that its Board of Directors declared a regular quarterly dividend of $0.15 per common share. The dividend is payable June 16, 2017 to shareholders of record at the close of business on May 26, 2017.

Oceaneering is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com


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Oceaneering to Participate at the Morgan Stanley Energy Conference

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HOUSTON, May 8, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that President and Chief Executive Officer Roderick A. Larson will participate on the Subsea Services Trends Panel at the Morgan Stanley Energy Conference in Houston on Tuesday, May 9, 2017. The panel will not be webcast. Mr. Larson and other members of management will also meet with institutional investors.

The conference handout will be made available after the close of the market on Monday, May 8, 2017, through the Investor Relations section of Oceaneering’s website at www.oceaneering.com.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor
Relations Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com


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Morgan Stanley

Oceaneering to Provide Services and Products for Shell’s Appomattox Development in Gulf of Mexico

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HOUSTON, May 16, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that it has been awarded a contract to provide services and products to support the design, fabrication and installation of ancillary flowline hardware for the Appomattox development in the Mississippi Canyon Area of the U.S. Gulf of Mexico for Shell Offshore Inc. (“Shell”).

The scope of work for ancillary flowline hardware will include the procurement and installation of pre-lay and post-lay crossing mattresses, flowline jumper fabrication and installation, manifold installation, as well as the design, procurement, fabrication and installation of subsea buoyancy for flowline thermal expansion.

Oceaneering’s state-of-the-art, U.S. flagged vessel, the Ocean Evolution, scheduled for delivery in the latter part of 2017, is expected to be used to perform the offshore installation services in various phases commencing late 2017 and ending sometime in 2019. Oceaneering is also expected to provide project management, engineering, remotely operated vehicle services, survey services, subsea tooling and global data solution services to Shell as needed for this work.

Roderick A. Larson, President and Chief Executive Officer of Oceaneering, said, “We are extremely pleased to expand our scope of supply, in addition to previously securing the control umbilicals contract, on this Shell deepwater Gulf of Mexico development. This project demonstrates Oceaneering’s capabilities to leverage our comprehensive portfolio of offshore services and products to produce safe, reliable and cost effective solutions that meet all of a customer’s requirements.”

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment and aerospace industries.

In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Oceaneering International, Inc. cautions that statements in this press release which are forward-looking involve risks and uncertainties that may impact Oceaneering’s actual results. The forward-looking statements in this press release concerning Oceaneering’s: expectation of Shell’s utilization of the Ocean Evolution for installation services and the timing for those services; and expectations to provide project management, engineering, remotely operated vehicle services, survey services, subsea tooling and global data solution services to Shell as needed for this work. Although Oceaneering’s management believes that the expectations reflected in these forward-looking statements are reasonable, Oceaneering can give no assurance that the expectations will prove to have been correct.

The forward-looking statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks, including without limitation, changes in schedule, contract cancellation, and other contract modifications. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected.

For a more complete discussion of these and other risk factors, please see Oceaneering’s filings with the Securities and Exchange Commission. Oceaneering undertakes no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise, except as required by applicable law.

For more information on Oceaneering, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com


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Oceaneering Secures a Three-Year Extension of Operational Inspection Frame Agreement with Statoil

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HOUSTON, May 18, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that one of its oilfield business segments, Asset Integrity, has been awarded a three-year operational inspection Frame Agreement extension with Statoil Petroleum AS (“Statoil”).

The Frame Agreement provides for Oceaneering to develop and implement inspection and maintenance programs related to 14 specified Norwegian onshore and offshore facilities. The programs include the assessment and reporting of integrity status and corrective measures, and cover non-destructive testing, video inspection, vibration measurement, thermography, and heat exchanger inspection.  The agreement also provides Statoil the opportunity to add other fields to the work scope.
Roderick A. Larson, President and Chief Executive Officer of Oceaneering, said, “The extension of the Frame Agreement further demonstrates our good, long-term relationship with Statoil, which is based on the delivery of safe, reliable, and cost-effective services.”

Statements in this press release that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking. The forward-looking statements in this press release include the statement concerning Oceaneering’s expectation to develop and implement inspection and maintenance programs related to 14 specified Norwegian onshore and offshore facilities. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting its business.  Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated.  These and other risks are more fully described in Oceaneering’s latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications.  Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For more information on the Company, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com


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Oceaneering Receives Fifth SABIC EHSS Award

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May 24, 2017 — Houston, Texas — For the fifth year in a row, Oceaneering International Services Limited, a wholly owned subsidiary of Oceaneering International, Inc. (Oceaneering) has been honored with the SABIC Europe EHSS Contractors Gold Award for its exemplary environment, health, safety, and security (EHSS) performance. The award recognizes the operational excellence of Oceaneering with regard to safety performance while executing nondestructive testing (NDT) and inspection services at SABIC’s Wilton and North Tees plants.

“This is a great achievement and testament to the continued commitment of everyone involved. All personnel, from the UK management team to the site operations workforce, share the belief that safety is an attitude of mind, and they encourage this attitude and behavior 24 hours a day,” said Ian Forsyth, Oceaneering NDT Manager.

For its outstanding EHSS performance, Oceaneering has also previously received European Contractors’ commendation certificates, along with the European Contractors’ Bronze Award, and the SABIC European EHSS Contractor Program’s Bronze Award.

“As a company, we are extremely proud of our growing reputation and excellent safety record. We will continue to work closely with SABIC to maintain our exceptional service levels and enviable safety record,” said Grant Robertson, Oceaneering UK, Norway, and West Africa Regional Manager.

Since 2006, Oceaneering has continuously provided NDT and inspection management services to SABIC UK Petrochemicals at its Teesside plants. Before 2006, Oceaneering operated on the site for the previous owners, Huntsman Corporation and Imperial Chemical Industries.

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Oceaneering Announces 10-Year ROV Vessel Services Contract

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HOUSTON, May 25, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that one of its subsidiaries, Oceaneering Canada Limited, has entered into an agreement, expected to extend into 2026, with a major international oil and gas company (the “customer”), to provide remotely operated vehicle (“ROV”) services and equipment for projects located offshore of Newfoundland and Labrador, Canada. In addition, Oceaneering will supply tooling and project support, including project management and associated engineering services.

Under the terms of the contract, Oceaneering is to provide two ROV systems onboard a Multi-Function Platform Support Vessel supporting the customer’s operations. The scope of work contemplates subsea construction, inspection, maintenance and repair services on existing and future infrastructure.

Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, “This latest ROV services contract furthers our long-standing working relationship with this very important customer, and expands our operations in Atlantic Canada. An important factor in this success is our strong customer-oriented approach focused on meeting customer’s project needs through safe, cost effective solutions using innovative equipment and highly trained personnel.”

Statements in this press release that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking. The forward-looking statements in this press release include the statement concerning Oceaneering’s expectation to develop and implement inspection and maintenance programs related to 14 specified Norwegian onshore and offshore facilities. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting its business.  Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated.  These and other risks are more fully described in Oceaneering’s latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For more information on the Company, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com


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Oceaneering to Participate at the TPH Hotter ‘N Hell Energy Conference

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HOUSTON, June 15, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that Chief Financial Officer Alan Curtis will meet with institutional investors at the TPH Hotter ‘N Hell Energy Conference in Houston on Thursday, June 22, 2017.

The conference handout will be made available after the close of the market on Wednesday, June 21, 2017, through the Investor Relations section of Oceaneering’s website at www.oceaneering.com.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com


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Oceaneering to Present at the J.P. Morgan Energy Equity Investor Conference

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HOUSTON, June 20, 2017 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that President and Chief Executive Officer Roderick A. Larson will make a presentation at the J.P. Morgan Energy Equity Investor Conference in New York on Tuesday, June 27, 2017. Mr. Larson and other members of management will also meet with institutional investors.

The conference handout will be made available after the close of the market on Monday, June 26, 2017, through the Investor Relations section of Oceaneering’s website at www.oceaneering.com.

Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com


View/Download: PDF File 

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Wireline Wonders

Are ROVs more like Robots or Drones?

Unmanned Aircraft Systems Create New Opportunities to Gather Essential Data

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