Latest news with #Oceaneering
Business Wire
4 days ago
- Business
- Business Wire
EY US names Rod Larson of Oceaneering as a Finalist for Entrepreneur Of The Year ® 2025 Gulf South Award
HOUSTON--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Rod Larson, President and CEO of Oceaneering International, Inc. ('Oceaneering') (NYSE:OII) has been named a finalist for the Entrepreneur Of The Year 2025 Gulf South Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the leaders of ground-breaking companies in industries that make a profound impact on communities. The Gulf South program celebrates entrepreneurs from Central and South Texas, Louisiana, and Mississippi. With expertise in robotics, automation, and software, Oceaneering engineers and delivers solutions that improve safety, reliability, utilization, and uptime for its customers. Founded in 1964, Oceaneering is a global technology delivery company that adapts and applies proven technologies to solve complex problems in harsh and dynamic environments – underwater, on land, and in space. With expertise in robotics, automation, and software, Oceaneering engineers and delivers solutions that improve safety, reliability, utilization, and uptime for its customers. Through its five business segments, Oceaneering supports critical operations across the offshore energy, defense, aerospace, and manufacturing industries. Reflecting on his nomination, Mr. Larson stated, 'I am honored to be a finalist for the EY Entrepreneur Of The Year 2025 Gulf South Award. This recognition truly belongs to the exceptional Oceaneers who work tirelessly to solve customer problems every day. Our commitment to innovation and the transfer of technology across our businesses has enabled us to address our customers' needs in high-stakes environments, improving safety, efficiency, and uptime. This nomination underscores the dedication and ingenuity of our team and our culture of collaboration and excellence.' Entrepreneur Of The Year honors business leaders for their ingenuity, courage, and entrepreneurial spirit. The program celebrates leaders who bootstrapped their business from inception or who raised capital to grow their company; transformational CEOs who infused innovation into an existing organization; and family business leaders who reimagined a legacy business model to strengthen it for the future. Regional award winners will be announced on June 12 during a celebration in Houston. The winners will then be considered by the National judges for the Entrepreneur Of The Year National Awards, which will be presented in November at the annual Strategic Growth Forum ®, one of the nation's most prestigious gatherings of high-growth, market-leading companies. Sponsors Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, LLC, Marsh McLennan Agency, and SAP. In the Gulf South, sponsors also include Platinum sponsors ADP, DFIN, DLA Piper, and vcfo and Silver sponsors Big Picture and Pierpont Communications. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit
Business Wire
14-05-2025
- Business
- Business Wire
Oceaneering to Participate at Citi's 2025 Spotlight on SMID Energy Day
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Senior Investor Relations Director Hilary Frisbie will meet with institutional investors at Citi's Spotlight on SMID Energy Day on May 22, 2025 in New York, NY. Oceaneering's first quarter 2025 Investor Presentation will be available on the Investor Relations page of Oceaneering's website at after market close on Monday, May 19, 2025. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit
Yahoo
13-05-2025
- Business
- Yahoo
BP Awards Multi-Year Mauritania-Senegal Gas Field Deal to Oceaneering
BP plc BP, the UK-based energy major, has awarded a multi-year subsea contract to Texas-based Oceaneering International, Inc. OII for work at its flagship Greater Tortue Ahmeyim ('GTA') gas field offshore Mauritania and Senegal. This marks a milestone in the UK energy giant's largest project. BP Enlists Oceaneering for IMR and ROV Services The contract, granted through BP Mauritania Investments, involves subsea inspection, maintenance, and repair (IMR) and remotely operated vehicle (ROV) services. Oceaneering's Offshore Projects Group will handle the assignment, deploying one of its multi-purpose vessels equipped with two work-class ROVs. In addition to offshore operations, Oceaneering will provide project management, engineering, and integration support through its global and local teams. Ben Laura, Oceaneering's chief operating officer, emphasized that the company's proven ability to deliver high-quality subsea solutions in challenging environments, supported by advanced technologies and services, played a key role in securing the contract. GTA Field: A Key Asset in BP's Global LNG Portfolio The GTA development, operated by BP with a 56% stake, achieved first LNG production earlier in 2025. Other stakeholders are Kosmos Energy (27%), Petrosen (10%) and Société Mauritanienne Des Hydrocarbures (SMH) (7%). The project's Phase 1 floating LNG unit, Gimi, received feed gas from the GTA FPSO, located approximately 40 kilometers offshore, setting the stage for commercial exports. The initial term of Oceaneering's contract is three years, with options to extend for two additional years. Field operations are expected to commence in the second quarter of 2025, following the ongoing engineering and mobilization work. Oceaneering Sees Revenue Surge With Rising Offshore Activity Oceaneering enters the contract on strong footing, having posted $674.5 million in revenue for first-quarter 2025 — an almost 13% increase year over year — fueled by high ROV utilization and robust vessel activity. The GTA contract adds to its growing backlog and underpins its strategic expansion in high-potential offshore regions. With this high-profile contract, both BP and Oceaneering are doubling down on their presence in West Africa's increasingly important offshore gas sector. Zacks Rank & Key Picks Both BP and OII currently carry a Zack Rank #3 (Hold). Investors interested in the energy sector may look at some better-ranked stocks like Diversified Energy Company plc DEC and RPC Inc. RES, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Diversified Energy Company is an independent oil and natural gas producer in the United States. The company is primarily engaged in the production, transportation, and marketing of natural gas and natural gas liquids. The rising demand for natural gas as a cleaner-burning fuel and an uptick in the commodity's prices are expected to positively impact DEC's bottom line. RPC derives strong and stable revenues via diverse oilfield services, which include pressure pumping, coiled tubing and rental tools. The company is strongly committed to returning value to shareholders through consistent dividends and share buybacks. RPC's current dividend yield is higher than that of the composite stocks belonging to the industry. Its new Tier IV dual-fuel fleet has boosted profits, with plans for further expansion of high-efficiency equipment to enhance operational capabilities. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Diversified Energy Company PLC (DEC) : Free Stock Analysis Report RPC, Inc. (RES) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Oceaneering Announces Award of Inspection, Maintenance, and Repair Contract by bp Mauritania Investments Limited
HOUSTON, May 07, 2025--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that its Offshore Projects Group ("OPG") has been awarded a multi-year contract by bp Mauritania Investments Limited for the provision of subsea inspection, maintenance, and repair (IMR) services and remotely operated vehicle (ROV) services in the Greater Tortue Ahmeyim field. Oceaneering will support this contract with one of its multi-purpose vessels outfitted with two Oceaneering work class ROVs. The scope of work will also include project management, engineering, and integration services provided by Oceaneering's local and international personnel. Engineering and pre-mobilization activities have commenced, with field operations expected to commence in the second quarter of 2025. The initial contract duration is three years, with two one-year options to extend. Ben Laura, Oceaneering's Chief Operating Officer, stated, "Oceaneering has a track record of safely providing inspection, maintenance, and repair solutions globally. We believe that our expertise in delivering high-quality subsea solutions in harsh environments, utilizing our advanced products and services, was a key element to winning this contract. We look forward to supporting bp's operations in this field." For more information on Oceaneering's inspection, maintenance, and repair services, please visit: IMRGE™ Integrated, Customizable IMR Solutions | Oceaneering 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 statements concerning Oceaneering's work scope, provision of local and international personnel, contract commencement, and contract duration. 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.
Business Wire
07-05-2025
- Business
- Business Wire
Oceaneering Announces Award of Inspection, Maintenance, and Repair Contract
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ('Oceaneering') (NYSE:OII) announced that its Offshore Projects Group ('OPG') has been awarded a multi-year contract by bp Mauritania Investments Limited for the provision of subsea inspection, maintenance, and repair (IMR) services and remotely operated vehicle (ROV) services in the Greater Tortue Ahmeyim field. Oceaneering has a track record of safely providing inspection, maintenance, and repair solutions globally. Share Oceaneering will support this contract with one of its multi-purpose vessels outfitted with two Oceaneering work class ROVs. The scope of work will also include project management, engineering, and integration services provided by Oceaneering's local and international personnel. Engineering and pre-mobilization activities have commenced, with field operations expected to commence in the second quarter of 2025. The initial contract duration is three years, with two one-year options to extend. Ben Laura, Oceaneering's Chief Operating Officer, stated, 'Oceaneering has a track record of safely providing inspection, maintenance, and repair solutions globally. We believe that our expertise in delivering high-quality subsea solutions in harsh environments, utilizing our advanced products and services, was a key element to winning this contract. We look forward to supporting bp's operations in this field.' For more information on Oceaneering's inspection, maintenance, and repair services, please visit: IMRGE™ Integrated, Customizable IMR Solutions | Oceaneering 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 statements concerning Oceaneering's work scope, provision of local and international personnel, contract commencement, and contract duration. 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 technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit
