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Oceaneering Declares Quarterly Dividend

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July 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 September 18, 2015 to shareholders of record at the close of business on August 28, 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 1230

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Oceaneering Announces Second Quarter Earnings

Deepwater Intervention Forum – August 11-13, 2015

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2015 DIF

Oceaneering will be presenting at the 2015 Deepwater Intervention Forum.

Date: August 11-13, 2015
Location:  Galveston, Texas
Venue: San Luis Convention Center

Thurs, Aug. 13th @ 9:00am
“Methods and Hardware of Subsea Sampling” – James Crider, Oceaneering
Thurs, Aug. 13th @ 11:00am
“Rigless Well Stimulation Benefits” – Christopher Mancini, Oceaneering

 

For more information about the conference, visit http://deepwaterintervention.com.

For more information about Oceaneering, visit www.oceaneering.com.

 

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Oceaneering Acquires Equity Interest in Viper Subsea

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On August 7, 2015, Oceaneering International Services Ltd., a wholly-owned subsidiary of Oceaneering International, Inc., acquired a minority equity interest in Viper Subsea Technology Limited (“Viper”), a UK-based provider of control system distribution services and products. Through collaboration, Oceaneering and Viper customers will benefit from both companies’ expertise, product offerings, and services.

By combining Viper’s services and technologies with Oceaneering’s subsea distribution systems, customers will be provided with innovative products and services such as Viper’s V-LIFE, a remedy to one of subsea engineering’s most common problems ‒ the degradation of insulation resistance in subsea cables, umbilicals and connectors. According to Viper, the breakthrough technology is saving the subsea industry millions by deferring the need for costly intervention and equipment replacement.  V-LIFE has successfully been used to resurrect completely failed systems allowing fields to resume hydrocarbon production.

Established in 2007, Viper offers a range of engineering consultancy services and provides hydraulic, chemical, and electrical subsea distribution systems and equipment. In addition to the fast growing V-LIFE service, Viper continues developing new proprietary technology such as V-IR, which will allow customers to monitor, predict and mitigate against subsea insulation resistance failures.  

Rod Larson, President and Chief Operating Officer, stated, “Oceaneering is very excited to be entering into this strategic relationship with Viper. Through our collaboration, Oceaneering will be in a better position to offer our customers solutions to their subsea distribution needs during the development and production phases of the oilfield lifecycle.”

To learn more about Oceaneering or Viper Subsea, please visit http://www.oceaneering.com or http://www.vipersubsea.com/.  We welcome your feedback and questions. Please contact us using the form at the right.

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Oceaneering Announces the Promotion of Clyde Hewlett to Chief Operating Officer

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August 20, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced the promotion of Clyde Hewlett to Chief Operating Officer. In this capacity he will have expanded responsibility for managing all of Oceaneering’s oilfield business.

Mr. Hewlett’s career spans 37 years in the offshore oil and gas industry. He joined Oceaneering in 1988 as a Project Manager and has held progressively more responsible roles, most recently as Senior Vice President, Subsea Services. He is a graduate of Memorial University of Newfoundland with a bachelor’s degree in Mechanical Engineering.

Rod Larson, President, stated, “Clyde’s promotion to Chief Operating Officer recognizes his proven track record of accomplishment, broad technical knowledge, and superior commercial skills in increasing roles of responsibility. We are looking forward to his stewardship in this expanded role.”

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 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, E-mail investorrelations@oceaneering.com.

PR 1231

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Oceaneering Appoints Alan R. Curtis as Senior Vice President and Chief Financial Officer

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August 20, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced the appointment of Alan R. Curtis as Senior Vice President and Chief Financial Officer. In addition to finance, tax, and accounting functions, Mr. Curtis will also be responsible for the oversight of Oceaneering’s investor relations activities, corporate development, risk management policies, and facilities management.

Mr. Curtis joined Oceaneering in 1995 as a Financial Controller and since December 2014 has served as Senior Vice President, Operations Support. He is a graduate of Texas A&I University with a bachelor’s degree in Accounting, a Certified Public Accountant in the State of Texas, and a Chartered Global Management Accountant. Mr. Curtis has over 28 years of oilfield service and products industry experience.

Marvin J. Migura, Executive Vice President, stated, “Since Alan joined Oceaneering he has excelled in all of the positions he has held and progressively assumed more challenging and significantly higher responsibilities. He brings exceptional focus and knowledge of Oceaneering’s operations, financial experience, and leadership to his new role as Chief Financial Officer. These attributes will be beneficial to our daily operations, the market-driven business challenges we currently face, and our long-term growth plans.”

W. Cardon Gerner will continue to serve Oceaneering as Senior Vice President and Chief Accounting Officer.

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 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, E-mail investorrelations@oceaneering.com.

PR 1236

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Oceaneering Announces the Promotion of Eric A. Silva to Senior Vice President, Operations Support

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August 20, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced the promotion of Eric A. Silva to Senior Vice President, Operations Support.

Mr. Silva joined Oceaneering in February 2014 as Vice President and Chief Information Officer. He holds a bachelor’s degree in Accounting and is a Certified Public Accountant in the State of Texas.

As Senior Vice President, Operations Support, Mr. Silva will continue his leadership of Information Technology and assume additional responsibility for Human Resources, Supply Chain Management, and Internal Audit. Mr. Silva’s career spans over 30 years in the oilfield service, chemical, energy, and oil and gas industries. In addition to his extensive information technology services leadership experience, he has held internal audit, accounting, financial analysis, and corporate treasury positions and managed, in various capacities, human resources and risk management departments.

Marvin J. Migura, Executive Vice President, stated, “Since Eric joined Oceaneering he has been instrumental in driving strategic alignment of technology and technology services with corporate and business unit goals. He has proven to be a superb builder of effective teams that focus on and collaborate with the business. Eric has been well accepted within the organization and his broad background makes him an ideal candidate to serve an expanded support role with the company.”

Mr. Silva is replacing Alan R. Curtis, who has been appointed Senior Vice President and Chief Financial Officer.

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 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, E-mail investorrelations@oceaneering.com.

PR 1237

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SPE Offshore Europe – September 8-11, 2015


Oceaneering Appoints Suzanne Spera as Director, Investor Relations

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August 31, 2015 – Houston, Texas –Oceaneering International, Inc. (NYSE: OII) announced today that Suzanne Spera has joined Oceaneering as Director, Investor Relations.

Ms. Spera’s business career spans over 15 years in investor relations for energy companies. From 2008-2015 she was the Director, Investor Relations at Rowan Companies plc. Prior to that, she held investor relations positions at Synthesis Energy Systems, Inc., Cheniere Energy, Inc., and Petroleum Geo-Services ASA. Ms. Spera is a member of the National Investor Relations Institute (NIRI) and holds a Bachelor of Business Administration degree in Marketing from Texas A&M University.

Marvin J. Migura, Executive Vice President, stated, “We are delighted to have Suzanne, a proven energy industry investor relations professional, become a part of our management team. She has strong analytical, organizational, and problem-solving capabilities and proven abilities to communicate with the investment community. Internally, Suzanne will provide strategic insight, from an analyst and investor perspective, on competitive dynamics and market trends.”

Jack Jurkoshek, who joined Oceaneering in 1993, currently holds an equivalent position and will continue to serve the company in this capacity until his retirement at the end of March 2016.

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 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, E-mail investorrelations@oceaneering.com.

PR 1235

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Oceaneering to Participate at the Barclays CEO Energy-Power Conference

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September 2, 2015 – Houston, TX – Oceaneering International, Inc. (NYSE:OII) announced today that Marvin J. Migura, Executive Vice President, will deliver a presentation at the Barclays CEO Energy-Power Conference in New York, NY on Wednesday, September 9, 2015.

The conference handout will be accessible after the close of the market on Tuesday, September 8, 2015, through the Investor Relations link at Oceaneering’s website, 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.
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 1234

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2015 BARCLAYS CEO Energy-Power Conference

Oceaneering Announces Shell Appomattox Umbilical Contract

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September 8, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that it secured a contract from Shell Offshore Inc. (“Shell”) to supply umbilicals for the deepwater Appomattox development located in the Mississippi Canyon area of the U.S. Gulf of Mexico.

The order is for electro-hydraulic steel tube control umbilicals, totaling approximately 60 kilometers (37 miles) in length. Product manufacturing is planned to be performed at Oceaneering’s umbilical facility in Panama City, Florida and is expected to commence in the fourth quarter of 2015 and be completed in the third quarter of 2017.

This contract is another award by Shell to Oceaneering for a state-of-the-art umbilical under an Enterprise Frame Agreement, which was executed in November 2012.

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 1228

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Offshore Technology Days (OTD) 2015

Oceaneering Announces Vessel Services Agreement

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September 29, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today that its subsidiary Oceaneering International GmbH has entered into a two-year, subsea field support vessel services agreement with an oil and gas company in India for use of the Island Pride. Anticipated commencement date is in November 2015 upon completion of the vessel’s mobilization from the U.S. Gulf of Mexico (GOM). The contract provides for four option periods of six months each, exercisable by the Indian company.

The Island Pride is a state-of-the-art, multi-service vessel built in 2014. It has an overall length of approximately 340 feet (103 meters); a Class 2 dynamic positioning system; accommodations for 94 persons; a helideck; a 125-ton active heave compensated crane; and a working moonpool. The vessel is outfitted with two Oceaneering work class remotely operated vehicles and survey and satellite-based positioning equipment provided by Oceaneering’s recently acquired subsidiary, C & C Technologies, Inc. In addition, the vessel is equipped with a satellite communications system capable of transmitting streaming video for real-time work observation by shore personnel.

The vessel is expected to be used to perform subsea inspection, maintenance, and repair projects, light construction, and pre- and post-installation surveys.

M. Kevin McEvoy, Chief Executive Officer, stated, “We are very pleased with this agreement to support operations offshore India. This agreement builds on our established deepwater vessel project capabilities in the GOM and offshore Angola and represents further international expansion for our Subsea Projects business.”

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 the anticipated service agreement commencement date and expected use of the Island Pride. 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. 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 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.

PR 1233

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Oceaneering Executive, Marvin J. Migura to Step Down to Senior Vice President at the End of 2015

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October 5, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that
Marvin J. Migura has decided to relinquish his position as Executive Vice President (EVP) effective December 31, 2015. Mr. Migura will continue to serve as a Senior Vice President (SVP), reporting to Chief Executive Officer (CEO) M. Kevin McEvoy, and remain a part of the executive management team at least through the end of 2016.

Mr. Migura joined Oceaneering in 1995 as SVP and Chief Financial Officer (CFO) and was appointed to the position of EVP in 2011. During his tenure, he has contributed significantly to the improvements in financial performance Oceaneering has achieved — as evidenced by a compound annual growth rate in revenue of 15% and net income of 25% through 2014.

M. Kevin McEvoy, CEO, stated, “Marvin has been an integral member of the executive leadership team at Oceaneering since he joined the company. I truly enjoy working with him and look forward to his continued involvement in the company’s strategic decision-making process and in investor relations. Furthermore, Marvin’s gradual move toward retirement will help assure a smooth transition to our recently announced senior-level management changes.”

Coincident with Mr. Migura’s role change, Alan R. Curtis, SVP and CFO, and Eric A. Silva, SVP Operations Support, will report directly to the CEO.

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 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, E-mail investorrelations@oceaneering.com.

PR 1239

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Oceaneering Schedules Third Quarter 2015 Earnings Release Date and Conference Call

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October 7, 2015 – Houston, TX – Oceaneering International, Inc. (“Oceaneering” or the “Company”) (NYSE: OII) announced today that it plans to report financial results for the third quarter 2015 on Wednesday, October 28, 2015, after the close of the New York Stock Exchange.

The Company has scheduled a conference call that will be webcast to discuss its third quarter 2015 results on Thursday, October 29, 2015, at 11:00 a.m. U.S. Eastern Daylight Time. Interested parties are invited to listen to the call over the Internet through a link posted in the Investor Relations section of the Company’s website at www.oceaneering.com. A replay of the conference call will be available at Oceaneering’s website starting one-hour after the end of the live call.

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 1238

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OTC Brasil 2015

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OTC Brasil is one of the world’s foremost events for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. It is organized by the Offshore Technology Conference and Instituto Brasileiro de Petróleo, Gás e Biocombustíveis.

 

Date: October 27-29, 2015
Location: Rio de Janeiro, Brasil
Venue: Riocentro Exhibition and Convention Center
Exhibitor spaces: Booth I13

 

For more information about the conference, visit www.otcbrasil.org

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Ocean Exchange – Oct. 11-13, 2015

OCEANS 15 – Oct. 19-22, 2015

NSL Symposium – Oct. 21-22, 2015

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