March 23, 2018 – Houston, Texas –  Oceaneering International, Inc. (“Oceaneering”) will be recognized at the 2018 Offshore Technology Conference (OTC) with a Spotlight on New Technology^® Award for its E-ROV system.

This advanced system was selected based on its innovative technology, broad appeal to the industry, proven capabilities through full-scale application, and significant impact with benefits beyond existing technologies.

The E-ROV is a self-contained, battery-powered remotely operated vehicle system capable of operating for extended periods of time without being recovered to surface. Comprising an electric ROV, 4G connection buoy, and subsea cage, the system reduces cost and risk without the need for a surface vessel.

Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, “We are honored to be recognized by the Offshore Technology Conference. Spotlight on New Technology highlights the latest and most advanced technologies that are leading our industry, and the E-ROV System is an example of how we are thinking what’s next to deliver safe and cost-effective technology solutions.”

Celebrating 50 years, OTC takes place 30 April to 3 May, 2018, in Houston, and the Spotlight on New Technology Awards will be presented on 30 April at 16:00 in the NRG Center Rotunda Lobby.

For more information, visit http://2018.otcnet.org/awards/spotlight-on-new-technology-award.

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A new approach to non-destructive testing (NDT) of large-diameter risers enabled an operator to maintain reliable and safe production from an aging offshore platform.

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As global operators search for innovative and cost-saving subsea solutions, projects like the Oceaneering E-ROV (a resident ROV) system are proving that deviating from the norm has enormous potential.

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Strongly backing the Brazilian market, Oceaneering has signed a new drill pipe riser contract with Petrobras for well completion. It has also supplied umbilicals for the Atlanta field, in the Santos Basin, operated by Queiroz Galvao Exploration and Production (QGEP), Pierre Christophe Vin, Oceaneering’s country manager for Brazil enthusiastically declared that, “The Brazilian market has been a core component of Oceaneering’s global strategy over the last 20 years.”

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As companies develop inspection tools for deployment in deeper water, considerable effort is invested in eliminating impediments that could compromise performance and meet the challenge of deepwater pipeline inspections.

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While already at an advanced stage in the development of an innovative long-term resident ROV system, Oceaneering recent began work with Equinor on a pilot project to design a shorter-duration resident vehicle. Unsurprisingly, the two vehicles are completely different.

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September 27, 2018 — Houston, Texas – Oceaneering International, Inc. (“Oceaneering”) today announced that it has commenced a survey project for the United States’ National Oceanic and Atmospheric Administration (“NOAA”) to support updates to navigational charts and research in marine habitats and fisheries in the Tampa Bay area offshore Florida.

The Sea Scout, a US-flagged scientific and academic support vessel

Under the terms of the project, which is currently underway, Oceaneering is expected to complete the acquisition of approximately 650 nautical miles of survey data by mid-December 2018.

Roderick A. Larson, President and Chief Executive Officer of Oceaneering, said, “We are honored to continue our working relationship with NOAA and support their nautical charting mission to ensure safe navigation on our nation’s coasts and shorelines. As a pioneer in commercial oil and gas and autonomous underwater vehicle surveying, Oceaneering is committed to providing safe, efficient and accurate results for our customers.”

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September 28, 2018 — Houston, Texas — Oceaneering International, Inc. (“Oceaneering”) today announced a new interactive cloud-based corrosion and erosion analysis system for inspection requirements called TRND.

The TRND system is a technological collaboration that combines Oceaneering’s expertise in developing a wide range of inspection technologies and tools with Ionix Advanced Technologies’ (“Ionix”) high-temperature HotSense platform and Inductosense Limited’s (“Inductosense”) battery-free Wireless and Non Destructive, or WAND, technology.

Espen Ingerbretsen, Oceaneering’s Vice President Business Development for Asset Integrity, said, “We are proud to be partnering with Ionix and Inductosense on this innovative corrosion monitoring solution. The TRND system will provide our customers with a remote, cost-effective condition monitoring service that can reduce the investment in additional infrastructure and hardware.”

Within minutes of installation, operators can acquire quantitative wall thickness data, which may be remotely analyzed and reported through a cloud-based data management system. Measuring less than 1.2 kilograms total mass, the TRND system can be retrospectively installed and implemented within the harshest of environments and deployed anywhere including elbows and via rope access.

The system’s reduced profile enables retrofit installation to existing assets under insulation. This means that there is no disruption to weatherproofing, providing internal pipe corrosion/metal loss monitoring and integrity inspection services without the need to remove cladding, and therefore maintaining the integrity of Corrosion Under Insulation (“CUI”) defenses.

For hazardous environments, the TRND system offers intrinsically safe ultrasonic thickness measurements in Zone 0 explosive environments up to 350 degrees Celsius (660 degrees Fahrenheit).

For more information, visit: https://www.oceaneering.com/asset-integrity/in-service-inspection/advanced-ndt/

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Oceaneering has an established reputation for developing pioneering technology that improves productivity and efficiency of their customers’ assets across a wide range of applications and industries. James McNab, discusses Oceaneering’s use of robotics and other pioneering technologies.

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Record U.S. oil and natural gas production, and the Gulf Coast’s growth as the major market center and export hub for supplies sourced from both onshore and offshore fields make terminal storage and transportation infrastructure critical to the upstream, midstream and downstream segments alike. A new generation of terminal management tools is significantly improving operational efficiencies and logistics, starting at the dock, to optimize operations across an entire facility, from inlet pipelines and storage to refined product transportation and shipping.

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Offshore operators face growing pressure to reduce risk in the red zone and to make better use of manpower. One of the biggest risks to people and assets is from vessels – including those that are required for offshore drilling and production operations, as well as others that are simply passing over or near assets. Earlier methods of mitigating these risks – such as setting radar range limits and scheduling periodic overflights of critical assets – often diverted teams from other important activities and have generally been proven to be inadequate. The challenge is even more difficult for operators of multiple offshore assets, who must establish risk-management procedures across many geographically dispersed locations.

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November 6, 2018 — Houston, Texas — Oceaneering International, Inc. (“Oceaneering”) announced that one of its wholly-owned subsidiaries has secured a global Master Lease Agreement (“Agreement”) with Ashtead Technology Limited (“Ashtead”), an independent provider of subsea equipment rental, sales and services to the offshore industry.

Under the terms of the Agreement, Oceaneering will provide Ashtead access to its inventory of over 5,000 tools and work packages to service the work-class remotely operated vehicle market. This Agreement will cover equipment packages as well as associated tooling and services that provide life of field support to the drilling and completions sectors. The Agreement will leverage Ashtead’s facilities and support teams globally based in Aberdeen, Singapore, Abu Dhabi and Houston.

Benjamin Laura, Vice President – Service, Technology, and Rentals of Oceaneering, said, “We are pleased to be working with Ashtead, and leveraging our existing relationship, to offer the offshore industry greater supply chain collaboration to sustain a low cost environment. By collaborating with Ashtead’s comprehensive subsea tooling offerings, sales and support teams, this Agreement offers Oceaneering the opportunity to strengthen our global market positions and ensure our customers have access to an expanded selection of services, products, and advanced industry technology.”

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November 13, 2018 – Oceaneering International, Inc. (“Oceaneering”) announced that one of its divisions, Oceaneering Entertainment Systems (“OES”), has unveiled its newest product, a transportation vehicle system, at the International Association of Amusement Parks and Attractions (IAAPA) Expo November 13-16, 2018 in Orlando, Florida.

The REVO-GT is a unique vehicle system that uses self-guided, driverless group transit vehicles, each capable of transporting up to 24 passengers on a dedicated guideway allowing passengers to select from pre-programmed routes connecting different origins to one or more specific destinations.

The battery-powered REVO-GT is based on driverless automated guided vehicle (AGV) technology. The system provides a safe, flexible, low-cost, comfortable, and environmentally friendly means of transportation on a 24/7 basis – in virtually any weather conditions – with zero emissions. Its interior is climate controlled, and can maintain a comfortable environment for its passengers, even in extreme ambient conditions. Routes and destinations can be pre-programmed or passenger-selected.

Bill Bunting, Director, Business Development, Entertainment Systems, Oceaneering, said: “The move into AGV transportation for theme parks, campuses and business parks, even urban zones is a natural fit, and opens up so much opportunity to serve a broader market hungry for transportation solutions that are clean, efficient, cost-effective and, most importantly, safe and reliable. Oceaneering has been delivering those hallmarks for more than 50 years, and this is simply the next step in expanding our worldwide presence in the fields of technology adapted to solving what’s needed with what’s next.”

The REVO-GT was developed in partnership with Netherlands-based 2getthere. “Oceaneering is very excited to be teamed with 2getthere to bring the REVO-GT group transit vehicle technology to the marketplace. We have had a long and successful relationship with 2getthere over the years, working on high-profile vehicles and systems for the themed entertainment market,” Bunting said.

Learn more about the REVO-GT, visit: oceaneering.com/entertainment-systems/group-transportation-systems

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It has become extremely difficult to optimize product movements across an increasingly complex petrochemical supply chain. Chokepoints
at shale oil fields are complicated by capacity problems further down the logistical stream that are stimulating the construction and expansion of oil export terminals. Today’s challenges are slowing down product transports, increasing costs, and threatening to prevent oil companies from realizing the full benefits of increased capacity.

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Oceaneering couldn’t keep up. The organization’s main focus is launching projects that provide subsea products and services—from remotely operated vehicles to pipeline repair—for the oil and gas industry. But Oceaneering’s project management maturity did not keep pace with the company’s growth to almost 10,000 employees in 60 locations. So its leadership began placing greater emphasis on strategic alignment a few years ago.

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HOUSTON, December 5, 2018 – Oceaneering International, Inc. (“Oceaneering”) announced it has bolstered its expanding asset integrity business in Chandigarh, India with more capabilities.The engineering support team is expected to grow to around 30 full time engineers by the end of 2019. The team provides highly experienced and specialized competency across all integrity engineering trades, enabling standardization, service excellence and full life cycle project execution.

Chirag Jayswal has been appointed senior integrity engineering manager. With Oceaneering since 2010, he will transition from his current role within the offshore design center where he led a team of engineers.  Before Oceaneering, he worked for Larsen & Toubro and Sulzon.

Bill Boyle, Senior Vice President of Asset Integrity, Oceaneering, said: “Over the last five years, we have built considerable capability in Chandigarh, with a multi-disciplined integrity team supporting many newbuild, pipeline structures and process projects globally. Our aim is to expand this team further in the next 12 months, providing services onshore and offshore in the areas of reliability, maintenance and floating systems. Chirag is a fantastic addition to our Asset Integrity division and we’re excited to welcome him on board.

“Oceaneering provides value-adding asset integrity technologies and solutions that focus on maximizing value for our customers. Having a dedicated engineering resource supporting our global projects ensures that we have the right blend of technical, quality and commercial efficiencies across our business, and enables us with an agile and responsive customer service.”

Oceaneering’s Asset Integrity division provides conventional and advanced non-destructive testing (NDT), specialist inspection solutions and integrity management capabilities, with a team of over 2,100 technically-focused people servicing clients at 24 global locations.

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HOUSTON, December 20, 2018 – Oceaneering International, Inc. (“Oceaneering”) announces that it has secured a three-year Provision of Inspection Enactment Services contract with Petrofac’s Engineering and Production Services division in the Western Hemisphere (“Petrofac”), growing its asset integrity portfolio within the U.K. Continental Shelf (UKCS).

Oceaneering will retain its existing contract on one of Petrofac’s Duty Holder assets, while expanding its service scope to include two additional North Sea facilities.

Oceaneering will provide inspection management, shutdown and project support for Petrofac, which manages these assets under its Duty Holder and service operator contracts. The contract includes two additional one year options. The work will be carried out by Oceaneering’s Asset Integrity team in Aberdeen.

Bill Boyle, Senior Vice President for Oceaneering’s Asset Integrity Division said, “We are delighted to have won this contract and to extend our long-standing relationship with Petrofac, having supported the company for more than 14 years.

“The addition of inspection enactment services enables us to further align ourselves with Petrofac’s commitment to providing value-added solutions that minimize risk, enhance integrity, reduce costs and unlock more value. We very much look forward to working with the team to enhance operability and continue the excellent safety and integrity standards across its Duty Holder portfolio.”

Oceaneering’s Asset Integrity division provides conventional and advanced non-destructive testing (NDT), specialist inspection solutions and integrity management capabilities, with a team of over 2,100 technically focused people, servicing clients from 24 global locations.

Learn more: oceaneering.com/asset-integrity

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Recent signing ceremony held in Abu Dhabi. Left to right: Sadiq Mansuri (F&M), Javed Khamisani (F&M), Syed Farukh Mazhar (MD F&M), Gregory Boyle (Regional Director Oceaneering), Mark Russell (commercial counselor, Consulate General of the United states), Kashif Salim (Oceaneering) and Michael Sullivan (Economic Counselor). Photo courtesy of Oceaneering.

HOUSTON, December 23, 2018 – Oceaneering International, Inc. (“Oceaneering”) announces that its subsidiary Oceaneering International GmbH entered into a strategic collaboration agreement with F&M Private Ltd (F&M Inspections) to explore opportunities to collaborate on asset integrity projects within Pakistan.

The aim is to provide customers with a modernized approach to delivering asset integrity services within Pakistan’s oil and gas and industrial sectors, through a full life-of-field capability that supports both CAPEX and OPEX projects in the region.

Bill Boyle, Senior Vice President for Oceaneering’s Asset Integrity Division says, “The collaboration agreement between F&M Inspections and Oceaneering establishes a holistic approach to delivering asset integrity solutions to both onshore and offshore customers in a new strategic location.

“Our global track record in managing complex integrity and inspection scopes for pipelines, coupled with F&M Inspections’ track record in-country enables us to provide a wide range of services including integrity management, risk-based inspections, and advanced and conventional non-destructive testing (NDT) across structures, pipelines and other static equipment.”

Syed Farukh Mazhar, Managing Director of F&M Inspections said, “We are extremely honored to partner with Oceaneering to provide a new approach to delivering asset integrity solutions to the Pakistan market.  It provides the ability to engage with our customers early in the project life cycle, ensuring integrated project execution and leveraging next generation inspection technology and integrity management capability.  Collaborating with Oceaneering, an established and respected global energy services company, is exciting and will increase the competitiveness of both companies in the region.”

Oceaneering’s Asset Integrity team comprises over 2,100 technically-focused people servicing clients at 24 global locations.

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