Latest news with #OceaneeringMillennium
Yahoo
20 hours ago
- Business
- Yahoo
Oceaneering signs offshore vessel services agreement for Gulf of Mexico
Energy services company Oceaneering International's offshore projects group (OPG) has entered into a vessel services agreement with a major operator for the multipurpose support vessel Harvey Deep Sea, which will be used for subsea services in the Gulf of Mexico. The vessel is presently chartered by Oceaneering through February 2027 and is equipped with two Oceaneering Millennium work-class remotely operated vehicles (ROVs). The operator plans to use the vessel for subsea inspection, maintenance, repair (IMR) and installation services. OPG senior vice-president Chris Dyer said: 'This award not only secures vessel backlog in the region but also allows us to optimise our equipment spreads and reduce scheduling uncertainty. 'We look forward to delivering critical subsea IMR and installation services to create value for our customer and further demonstrate our commitment to project execution that delivers safe, efficient and high-quality results." This month, Oceaneering International announced a chief financial officer (CFO) succession plan. Alan R. Curtis, who has served as CFO since 2015, will retire on 1 January 2026. Curtis has been with Oceaneering since 1995, starting as a financial controller. Michael W. Sumruld will join the company as senior vice-president of finance on 1 September 2025, with the expectation he will succeed Curtis as CFO upon his retirement. Curtis will assist in an advisory capacity to ensure a smooth transition, reporting to president and chief executive officer Rod Larson. Last year, in August, Oceaneering International's UK subsidiary won multiple contracts for North Sea vessel services. These contracts, awarded by various operators in the UK sector of the North Sea, include a range of offshore services such as decommissioning, inspection, subsea preparation and installation support. "Oceaneering signs offshore vessel services agreement for Gulf of Mexico" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
Business Wire
2 days ago
- Business
- Business Wire
Oceaneering Announces Vessel Services Agreement
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ('Oceaneering') (NYSE:OII) announced today that its Offshore Projects Group ('OPG') segment has entered into a vessel services agreement with a major operator for use of the MPSV Harvey Deep Sea. The MPSV Harvey Deep Sea, currently chartered by Oceaneering through February 2027, is equipped with two Oceaneering Millennium work class remotely operated vehicles. It is expected to be used by the operator to perform subsea inspection, maintenance, and repair (IMR) and installation services in the Gulf of Mexico. Chris Dyer, OPG's Senior Vice President, said, 'This award not only secures vessel backlog in the region but also allows us to optimize our equipment spreads and reduce scheduling uncertainty. We look forward to delivering critical subsea IMR and installation services to create value for our customer and further demonstrate our commitment to project execution that delivers safe, efficient, and high-quality results." For more information on Oceaneering's vessel services, please visit: Integrated Vessel 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 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.
