New Orleans, LA – March 24, 2015
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Howard Weil 2015
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Oceaneering Announces Contract for Offshore Cape Three Points Development
March 23, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that, as part of a consortium with GE Oil & Gas, it has secured a contract with ENI Ghana Exploration and Production, Ltd. and its partners, Vitol and GNPC, to supply equipment for the Offshore Cape Three Points (OCTP) Block Project development located off the coast of West Africa.
Oceaneering’s scope of work under this contract is to supply electro-hydraulic, steel tube umbilicals totaling approximately 51 kilometers (32 miles) in length. This contract adds over $100 million to its Subsea Products backlog.
Product manufacturing is planned to be performed at Oceaneering’s umbilical facility in Panama City, Florida and is expected to commence in the second quarter of 2015 and be completed in the fourth quarter of 2017.
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 include the statements concerning Oceaneering’s: planned manufacturing location and commencement and completion dates. Although Oceaneering’s management believes that the expectations reflected in those forward-looking statements are reasonable, Oceaneering can give no assurance that those expectations will prove to have been correct. Those 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 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.
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 further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 713-329-4670, investorrelations@oceaneering.com.
PR 1220
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Oceaneering Announces First Quarter 2015 Earnings Release and Conference Call Dates
April 2, 2015 – Houston, TX – Oceaneering International, Inc. (NYSE: OII) announced it will release its first quarter 2015 earnings Wednesday, April 22, 2015, after 5:00 p.m. Eastern.
A conference call to discuss these results and the company’s future business outlook is scheduled for Thursday, April 23, 2015, 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 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; 713-329-4670; investorrelations@oceaneering.com.
PR 1221
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Oceaneering Acquires C & C Technologies, Inc.
April 2, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that it has closed the previously announced definitive agreement to acquire C & C Technologies, Inc., a global provider of survey and satellite-based positioning services.
Subject to customary post-closing working capital adjustments, the acquisition price of approximately $230 million was paid in cash.
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 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 1224
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Oceaneering Completes Acquisition of C&C Technologies
On April 2, 2015, Oceaneering International, Inc. completed its acquisition of C&C Technologies, Inc. (“C&C”), a leading provider of deepwater seafloor mapping services, subsea surveys and satellite positioning. The combination of Oceaneering and C&C Technologies will benefit customers of both companies, strengthen our combined product and service offerings and enhance the strong core values shared by the two companies.
By combining C&C’s survey services and technologies with Oceaneering’s existing product and service lines, the combined company can now offer customers more integrated solutions throughout each phase of the offshore oilfield life cycle. These solutions will be offered in more geographies than ever as we combine our worldwide locations to better serve customer needs in every major region.
Remaining on the cutting edge of technology has always been a cornerstone for both Oceaneering and C&C Technologies. We both endeavor to create proprietary products and solutions that meet and exceed the expectations of our clients. The acquisition allows us to leverage the combined company’s wealth of research and development resources to enhance current product and service offerings.
We are committed to ensuring a seamless transition for all clients and to maintaining our high standards of safety, teamwork, ethics, customer focus, excellence and accountability. Our steadfast commitment to clients has brought both Oceaneering and C&C Technologies to where we are today, and this combination will only serve to enhance and strengthen our customer-focused culture.
To learn more about Oceaneering or C&C Technolgies, please visit http://www.oceaneering.com or http://www.cctechnol.com/. For more information about the acquisition, visit http://www.oceaneering.com/15597. We welcome your feedback and questions. Please contact us using the form at the right.
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Oceaneering Will Be Recognized at OTC with Two Spotlight on New Technology Awards
Oceaneering International, Inc. will be recognized at the 2015 Offshore Technology Conference (OTC) with the presentation of two Spotlight on New Technology Awards for its Deepwater Pile Dredge and Magna Subsea Inspection System™ products. The awards honor innovative technologies based on broad appeal to the industry, proven capabilities through full-scale application or successful prototype testing, and significant impact with benefits beyond existing technologies.
The Oceaneering Deepwater Pile Dredge is an electrically-driven system with pumps that provide water jetting and suction to excavate piles at any depth. The jetting provides a 360° pattern to fluidize the soil inside the pile, and then suction pumps remove the soil from the pile.
The Oceaneering Magna Subsea Inspection System is a versatile screening inspection tool that assesses the mechanical integrity of assets at a high rate of speed without disrupting production. The advanced system is ROV-deployable, inspects 360° around the pipe, and provides real-time data of the wall condition with a single deployment.
Oceaneering is one of three companies to receive multiple 2015 Spotlight awards. The Offshore Technology Conference (OTC) will take place May 4-7 in Houston, and the 2015 awards will be presented on May 4 in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awards—a program for OTC exhibitors—showcase the latest and most advanced hardware and software technologies that are leading the industry into the future.
For more information, visit http://2015.otcnet.org/Content/Spotlight-on-New-Technology-Awards/.
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Oceaneering’s Deepwater Pile Dredge Wins 2015 OTC Spotlight on New Technology Award
Oceaneering International, Inc. will be recognized at the 2015 Offshore Technology Conference (OTC) with the presentation of two Spotlight on New Technology Awards.
The Oceaneering Deepwater Pile Dredge (DWPD) 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.
As exploration and production move to deeper waters, the ability to dredge at greater depths is crucial. While pile dredges are often run using a topside spread that supplies hydraulic power to the dredge, the DWPD is powered by an electrical umbilical similar to an ROV. Whereas other dredges’ effective depths are greatly limited, the DWPD has no real depth limit.
The DWPD is an electrically-driven subsea hydraulic power unit with mounted pumps that provide water jetting and suction to excavate piles at any depth. The jetting provides a 360° pattern to fluidize soil inside the pile. Meanwhile, the suction pumps remove material such as sand, rock or clay.
This innovative tool is controlled topside from a dedicated control van. The DWPD is guided into a pile by an ROV, which also operates manual valves to control the water jetting. Markings on the dredge are used to ensure proper depth is achieved and that the critical internal features of the pile are successfully cleared of debris.
With the DWPD, equipment and infrastructures can be properly installed. The advanced tool helps support subsea assets by safely and efficiently removing soil and transporting it in a controlled manner to a discharge site.
Oceaneering is one of three companies to receive multiple 2015 Spotlight awards. Aside from the DWPD, Oceaneering will also be recognized with a Spotlight award for its Magna Subsea Inspection System™.
The Offshore Technology Conference (OTC) will take place May 4-7 in Houston, and the 2015 awards will be presented on May 4 in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awards—a program for OTC exhibitors—showcase the latest and most advanced hardware and software technologies that are leading the industry into the future.
For more information, visit http://www.oceaneering.com/dredging/deepwater-pile-dredge/ and http://2015.otcnet.org/Content/Spotlight-on-New-Technology-Awards/.
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Oceaneering’s Magna Subsea Inspection SystemTM Wins 2015 OTC Spotlight on New Technology Award
Oceaneering International, Inc. will be recognized at the 2015 Offshore Technology Conference (OTC) with the presentation of two Spotlight on New Technology Awards.
The Oceaneering Magna Subsea Inspection System™ (Magna Scan) 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.
With the development of multiple technologies, the Magna Scan is the first of its kind providing numerous advantages compared to traditional subsea inspection methods. Prior to the development of the Magna Scan, conventional UT methods have been the primary inspection technique optimized by the industry for online assets.
The Magna Scan is a versatile screening tool that assesses the mechanical integrity of assets at a high rate of speed without disrupting production. Additionally, the system only requires clean surface access from the top portion of subsea assets. The advanced system is ROV-deployable, inspects volumetrically 360° around the pipe, and provides real-time data of the wall condition within a single deployment.
The Magna Scan identifies localized defects and general wall loss by optimizing ultrasonic techniques including lamb and shear horizontal guided wave capabilities. By combining Oceaneering’s automated scanner known as the Sea Turtle™ with proprietary ultrasonic sensors, the system is capable of detecting internal and external damage mechanism including corrosion, isolated pitting, cracking and other potential anomalies. This innovative system safely assists in preventing any catastrophic disasters that may be caused by damage mechanisms in subsea piping resulting in the release of product into the environment.
Oceaneering is one of three companies to receive multiple 2015 Spotlight awards. Aside from the Magna Scan, Oceaneering also won a Spotlight award for its Deepwater Pile Dredge.
The Offshore Technology Conference (OTC) will take place May 4-7 in Houston, and the 2015 awards will be presented on May 4 in the NRG Center Rotunda Lobby. The Spotlight on New Technology Awards—a program for OTC exhibitors—showcase the latest and most advanced hardware and software technologies that are leading the industry into the future.
For more information, visit http://www.oceaneering.com/asset-integrity/asset-integrity-subsea-services/subsea-inspection/magna-subsea-inspection-systemtm/ and http://2015.otcnet.org/Content/Spotlight-on-New-Technology-Awards/.
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Oceaneering Declares Quarterly Dividend
April 22, 2015 – 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 June 19, 2015 to shareholders of record at the close of business on May 29, 2015.
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 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 1222
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Oceaneering Announces First Quarter Earnings
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Michael Bloomfield to Speak at New OTC Event, d5
Michael Bloomfield, Vice President and General Manager of Oceaneering Space Systems, will speak at OTC’s new event, d5, on May 8, 2015.
Themed “The Next Big Thing,” d5 is designed to spark creativity and innovation in the offshore energy industry. The event will bring the most creative professionals from inside and outside the industry together to create an environment of innovation and inspiration to address the industry’s biggest current and future challenges.
Bloomfield is one of nine speakers who will spur creativity to help identify the next big step for the offshore energy industry, focusing on technology game changers, leadership practices and competitive advantages.
Bloomfield is a former NASA astronaut and ex-officio member of the Columbia Accident Investigation Board. He served 26 years in the Air Force as a fighter pilot and test pilot. While at NASA, he made three trips into space between 1997 and 2002, serving as the commander on his final flight.
For more information, visit http://www.otcnet.org/page.cfm/Action=Press/libID=1/listID=7/libEntryID=28.
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MSD Ribbon Cutting Ceremony
The post MSD Ribbon Cutting Ceremony appeared first on Oceaneering.
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New Regional Headquarters in Norway
- 10.000 sqm workshop
- Cranes from 250 kg to 40 ton
- Bunkers for Pressure Tests
- Separate areas for Factory Acceptance Test (FAT)
- 8.500 sqm offices
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5.000 sqm storage area
![Storage-Area-2]()
- Focus on LEAN thinking and designed for effective internal transportation and transactions
- Narrow aisle pallet racking warehouse with capacity for 4500 pallets
- 13.900 sqm outside storage area
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Oceaneering to Participate at the RBC Capital Markets Global Energy and Power Executive Conference
May 26, 2015 – Houston, TX – Oceaneering International, Inc. (NYSE:OII) announced today that M. Kevin McEvoy, Chief Executive Officer, will meet with institutional investors at the RBC Capital Markets Global Energy and Power Executive Conference in New York, NY on Tuesday, June 2, 2015.
The conference handout will be accessible after the close of the market on Friday, May 29, 2015, 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; 713-329-4670; www.oceaneering.com; E-Mail investorrelations@oceaneering.com.
PR 1225
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2015 Global Energy And Power Executive Conference
New York, NY – June 2, 2015
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Oceaneering to Present at the 2015 Global Hunter Securities Energy Conference
June 16, 2015 – Houston, TX – Oceaneering International, Inc. (NYSE:OII) announced today that Marvin J. Migura, Executive Vice President, will deliver a presentation at the 2015 GHS 100 Energy Conference in Chicago, IL on Tuesday, June 23, 2015.
The presentation slides will be accessible after the close of the market on Monday, June 22, 2015, 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 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; 713-329-4670; E-Mail investorrelations@oceaneering.com; www.oceaneering.com.
PR 1226
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2015 GHS 100 Conference
Chicago, IL – June 23, 2015
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Deutsche Bank
Houston, TX – July 1, 2015
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Oceaneering Announces Second Quarter 2015 Earnings Release and Conference Call Dates
July 1, 2015 – Houston, TX – Oceaneering International, Inc. (NYSE: OII) announced it will release its second quarter 2015 earnings Wednesday, July 22, 2015, after 5:00 p.m. Eastern.
A conference call to discuss these results and the company’s future business outlook is scheduled for Thursday, July 23, 2015, 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 concludes.
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 further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, TX 77041; 713-329-4670; investorrelations@oceaneering.com.
PR 1227
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Oceaneering Announces Appointment of Steve Barrett as Senior Vice President, Subsea Products
July 8, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced the appointment of Steve Barrett as Senior Vice President, Subsea Products, with worldwide responsibility for Oceaneering’s Subsea Products segment.
Mr. Barrett started his career in the oil and gas industry in 1980. In 1982 he joined FMC Technologies, Inc., where he progressed from Design Engineer to his most recent role as Global Subsea Services Director. Steve holds a B.S. in Mechanical Engineering from Texas A&M University and an M.B.A., Finance and Entrepreneurship, from Rice University.
Rod Larson, President and Chief Operating Officer, stated, “Steve’s leadership and successful track record in subsea products will add depth and capabilities to our management team. We expect to benefit from his exceptional experience, extensive industry knowledge and perspective as we develop plans to grow our subsea products business, including the expansion of our product line offerings. In his new role at Oceaneering, Steve will report to Senior Vice President Clyde Hewlett.”
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 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 1232
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