Oceaneering will be exhibiting at the 2014 Offshore Technology Conference (OTC).
Date: May 5-8, 2014
Location: Houston, Texas, USA
Venue: Reliant Park
Booth: Booth 4117
For more information about the show, visit http://www.otcnet.org/2014/.
For more information about Oceaneering, visit www.oceaneering.com.
Oceaneering will be exhibiting at the 2014 Underwater Technology Conference (UTC).
Date: June 18-19, 2014
Location: Bergen, Norway
Venue: Grieghallen
For more information about the conference, visit www.utc.no
For more information about Oceaneering, visit www.oceaneering.com
May 28, 2014 – Houston, TX – Oceaneering International, Inc. (NYSE:OII) announced today that M. Kevin McEvoy, President and Chief Executive Officer, will meet with institutional investors at the RBC Capital Markets Global Energy and Power Conference in New York, NY on Tuesday, June 3, 2014.
The conference handout will be accessible after the close of the market on Monday, June 2, 2014, through the Investor Relations link at Oceaneering’s website, www.oceaneering.com.
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.
For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, TX 77041; Telephone 713-329-4670; www.oceaneering.com; E-Mail investorrelations@oceaneering.com.
PR 1185
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New York, NY – June 3, 2014
Presentation File: PDF Link
June 2, 2014 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced it has acquired AIRSIS Inc., a provider of remote asset management software services. AIRSIS’ revenue for 2013 was approximately $7 million, and its future financial results will be included in Oceaneering’s Subsea Projects segment.
This acquisition is expected to enhance Oceaneering’s current asset tracking service offered on offshore drilling rigs and vessels engaged in subsea activities. Asset tracking information is utilized by customers to establish a common operating picture, which improves operational efficiency and enables incident and emergency response collaboration and reporting. This picture collects and displays real-time data associated with an offshore operation, including rig or vessel position, metocean conditions, remotely operated vehicle video, and subsea survey information.
AIRSIS’ signature service, PortVision®, provides web-based location reporting on commercial vessels. Oceaneering is committed to servicing AIRSIS’ existing customers, including its 3,000 PortVision® (www.portvision.com) users, and growing its presence internationally by leveraging Oceaneering’s global footprint.
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 that are forward-looking involve risks and uncertainties that may impact Oceaneering’s actual results. The forward-looking statements in this press release concern Oceaneering’s: intent to include AIRSIS’ future financial results in its Subsea Projects segment; expectation that the AIRSIS acquisition will enhance its asset tracking service offered on offshore drilling rigs and vessels engaged in subsea activities; and commitments to service AIRSIS’ existing customers and growing AIRSIS’ presence internationally. Although Oceaneering’s management believes that the expectations reflected in these forward- looking statements are reasonable, Oceaneering can give no assurance that these expectations will prove to have been correct. These statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks. 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 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 advanced applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 713-329-4670, investorrelations@oceaneering.com, or
Andrea LaVorgna, Marketing Director, AIRSIS Inc., 858-586-0933, alavorgna@portvision.com.
PR 1183
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Oceaneering will be exhibiting at the 2014 Deepwater Intervention Forum.
Date: August 12-14, 2014
Location: Galveston, TX
Venue: Galveston Island Convention Center
For more information about the conference, visit www.deepwaterintervention.com
For more information about Oceaneering, visit www.oceaneering.com
June 10, 2014 – Houston, Texas – Oceaneering International, Inc. (NYSE: OII) announced it has secured a contract from FMC Technologies Singapore Pte Limited, a subsidiary of FMC Technologies, Inc. (NYSE: FTI), to supply umbilicals for the Jangkrik project located in the Muara Bakau PSC (Production Sharing Contract) area off the coast of Indonesia.
The order is for super-duplex steel tube production control umbilicals, with a total combined length of approximately 31 miles (50 kilometers). These will be used to supply hydraulic and electrical power and chemical injection to the subsea wells in the field.
Product manufacturing will be performed at the Oceaneering Umbilical Solutions facility in Rosyth, Scotland commencing in the fourth quarter of 2014, with delivery scheduled for the second quarter of 2016.
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 that are forward looking involve risks and uncertainties that may impact Oceaneering’s actual results. Forward-looking statements in this press release concern Oceaneering’s: planned product manufacturing location and commencement and completion dates. Although Oceaneering’s management believes that the expectations reflected in its forward-looking statements are reasonable, Oceaneering can give no assurance that the expectations will prove to have been correct. These statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks including, without limitation, changes in project design or schedule, contract cancellation, change orders and other modifications, and difficulties executing on the project. 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 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 advanced applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041;
Telephone 713-329-4670; E-Mail investorrelations@oceaneering.com.
PR 1182
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June 17, 2014 – Houston, TX – Oceaneering International, Inc. (NYSE:OII) announced today that Marvin J. Migura, Executive Vice President, will deliver a presentation at the 2014 GHS 100 Energy Conference in Chicago, IL on Tuesday, June 24, 2014.
The presentation slides will be accessible after the close of the market on Monday, June 23, 2014, through the Investor Relations link at Oceaneering’s website, www.oceaneering.com. There will not be a webcast of the presentation.
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.
For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, TX 77041; Telephone 713-329-4670; E-Mail investorrelations@oceaneering.com; www.oceaneering.com.
PR 1186
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June 17, 2014 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced it has acquired Spectrum Sales & Services LLC, a nondestructive examination (NDE) company that has developed subsea pipeline inspection technology based on the use of Electro Magnetic Acoustic Transducer (EMAT) technology. Spectrum currently serves the oil and gas, petrochemical, and power industries primarily in the Gulf Coast Region of the United States. Spectrum’s revenue for 2013 was approximately $4 million.
This acquisition adds the EMAT service line to Oceaneering’s Asset Integrity business segment, which Oceaneering intends to grow by leveraging its global footprint.
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 that are forward looking involve risks and uncertainties that may impact Oceaneering’s actual results. Forward-looking statements in this press release concern Oceaneering’s intent to grow the EMAT service line by leveraging its global footprint. Although Oceaneering’s management believes that the expectations reflected in its forward-looking statements are reasonable, Oceaneering can give no assurance that such expectations will prove to have been correct. These statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks. 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 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 advanced applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; 713-329-4670, investorrelations@oceaneering.com.
PR 1184
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Chicago, IL – June 24, 2014
Presentation File: PDF Link
API Standard 53 was released in 2012 as the culmination of two years of industry experts working together to strengthen, align and clarify requirements for Blowout Preventer (BOP) equipment. Oceaneering personnel were integral in the development of API S53, and Oceaneering offers equipment that enables operators to comply with the ROV Intervention requirements of the standard. These products include Subsea Accumulation Systems (Six Shooters) and other work in progress intervention systems.
Oceaneering continues development of new technologies that will provide other options to close BOP rams quickly or test equipment subsea, as needed or on planned schedules. Quick closing times for critical BOP functions using subsea pumps have been a recognized industry challenge. Under development is the High-Low Intervention Skid. It is being designed for Blowout Prevention Equipment Systems.
The skid can easily be integrated with any work-class ROV capable of providing required input pressure and flow. Onboard BOP fluid can be delivered at high pressure through hydraulic flying leads and a 17H High Flow hot stab. The High-Low BOP Intervention Skid optimizes output flow and pressure to maximize performance and minimize actuation times.
In a June 2014 dry test, the High-Low skid achieved closing times of 45 seconds or less. Separately, shearing capability for common tubular using BOP rams was proven in surface testing in Africa. A section of 13 5/8” casing was sheared completely in 50 seconds.
While these flow rates and pressures of the High-Low ROV Skid will not satisfy all BOP Intervention requirements, Oceaneering is closing the gap in subsea pumping solutions.
For further information about BOP intervention systems please contact: bop-intervention-systems@oceaneering.com
June 25, 2014 – Houston, TX – Oceaneering International, Inc. (NYSE: OII) announced it will release its second quarter 2014 earnings on Wednesday, July 23, 2014, after 5:00 p.m. Eastern (4:00 p.m. Central).
A conference call to discuss these results and the company’s future business outlook is scheduled for Thursday, July 24, 2014, at 11:00 a.m. Eastern. This call will be webcast by Thomson Reuters and can be accessed through Oceaneering’s website at www.oceaneering.com/investor-relations/. An archived replay will be available starting one hour after the call ends.
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 further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, TX 77041; Telephone 713-329-4670; E-Mail investorrelations@oceaneering.com; www.oceaneering.com.
PR 1187
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July 23, 2014 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today
that its Board of Directors declared a regular quarterly dividend of $0.27 per common share. The
dividend is payable September 19, 2014 to shareholders of record at the close of business on
August 29, 2014.
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 further information, please contact Jack Jurkoshek, Director Investor Relations,
Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713-329-4670;
E-Mail investorrelations@oceaneering.com.
PR 1188
July 23, 2014 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) today reported record
quarterly earnings for the second quarter ended June 30, 2014.
On revenue of $927.4 million, Oceaneering generated net income of $110.3 million, or $1.02 per
share. During the corresponding period in 2013, Oceaneering reported revenue of $820.4 million and
net income of $98.8 million, or $0.91 per share.
Oceaneering will be exhibiting at the Offshore Northern Seas (ONS) 2014.
Date: August 25-28, 2014
Location: Stavanger, Norway
Venue: Stavanger Forum
Exhibitor space: Hall C, 307
For more information about the conference, visit www.ons.no
Oceaneering will be exhibiting at the Offshore Technology Days (OTD) 2014.
Date: October (14) -15 -16, 2014
Location: Bergen, Norway
Venue: Sotra Sportsklubb, Straume
Exhibitor spaces: Hall B, 3353 (Main Stand) & Hall A, 0107 (Young Professional stand)
For more information about the conference, visit www.offshoredays.com
August 19, 2014 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today that Marvin J. Migura, Executive Vice President, will have a group meeting with institutional investors at the Morgan Stanley Summer Houston Energy Summit in Houston, TX on Tuesday, August 26, 2014.
There will be no formal conference presentation or handout.
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.
For further information, please contact Jack Jurkoshek, Director Investor Relations,
Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713-329-4670; E-Mail investorrelations@oceaneering.com.
PR 1192
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August 27, 2014 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today that M. Kevin McEvoy, President and Chief Executive Officer, will deliver a presentation at the Barclays CEO Energy-Power Conference in New York, NY on Wednesday, September 3, 2014.
The conference slides will be accessible after the close of the market on Tuesday, September 2, 2014, through the Investor Relations link at Oceaneering’s website, www.oceaneering.com. There will not be a webcast of the presentation.
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.
For further information, please contact Jack Jurkoshek, Director Investor Relations,
Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713-329-4670; E-Mail investorrelations@oceaneering.com.
PR 1193
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