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Engineered Services News

14 Mar 2019

Equinor Extends Oceaneering Contract

Houston-based subsea engineering company Oceaneering International has secured a contract renewal from Equinor, the Norwegian multinational energy company, covering the provision of maintenance, reliability and integrity management.The oilfield provider of engineered services and products, primarily to the offshore oil and gas said in a press note that the contract, which was originally awarded to Oceaneering’s integrity business in 2005 and competitively tendered again in December 2013, is extended until December 2020.Under the agreement, Oceaneering will provide support to Equinor’s onshore and offshore facilities in Norway, covering a wide spectrum of maintenance…

22 Apr 2016

NOIA Elects McEvoy, Chairman Welch Vice Chair

The National Ocean Industries Association (NOIA) Board of Directors has elected Kevin McEvoy as Chairman and Dave Welch as Vice Chairman for the upcoming 2016-2017 term. McEvoy and Welch assumed their positions at the NOIA Annual Meeting today in Washington, D.C. Since 2011, McEvoy has served as Chief Executive Officer of Oceaneering International, Inc., global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. He also serves on the company’s board of directors, and was the NOIA Vice Chairman for the 2015-2016 term. “I am honored for the opportunity to serve as Chairman of NOIA.

03 Feb 2016

BP Pulls Plug on Oceaneering Vessel Contract

UK giant BP will end a contract off Angola with Oceaneering International about eight months early. Oceaneering International has announced that BP has exercised its right to terminate its use of the chartered vessel Bourbon Oceanteam 101 at the end of May 2016. Prior to this notice, the work was scheduled to extend through the end of January 2017. Under the terms of the contract, the costs incurred by Oceaneering associated with the early release and demobilization of the vessel are expected to be reimbursed by BP. Following the release of the vessel, Oceaneering intends to redeliver it to the vessel owner. Project management, engineering…

20 Aug 2015

Industry Group Launches Marine Pipeline Alert System

Photo: CAMO

The Coastal and Marine Operators (CAMO) group has announced it has successfully completed the first step in rolling out an initiative to protect the safety of mariners, the environment and hydrocarbon pipelines from being damaged. The CAMO group began transmitting Automatic Information System (AIS) safety messages directly to mariners in two charted pipeline corridors in Port Fourchon, significantly improving their situational awareness by providing immediate alerts for vessels in close proximity to submerged pipelines.

17 Apr 2015

Taylor to Chair NOIA Board

The National Ocean Industries Association (NOIA) Board of Directors has elected Cindy B. Taylor as Chair and Kevin McEvoy as Vice Chairman for the upcoming 2015-2016 term. Taylor and McEvoy assumed their positions at the NOIA Annual Meeting today in Washington, DC. Since 2007, Cindy has served as President and Chief Executive Officer of Oil States International, Inc., a publicly traded diversified oilfield services company headquartered in Houston. She also serves on the company’s board of directors, and has been NOIA’s Vice Chair for the 2014 -2015 term. “The oil and natural gas industry is tough and resilient. Since I first joined NOIA…

03 Oct 2013

BAE Systems to Build Subsea Support Vessel

Artist rendering of the subsea support vessel BAE Systems will build for Oceaneering International.

Oceaneering International, Inc., a global oilfield provider of engineered services and products, has selected BAE Systems to build a subsea support vessel for offshore drilling. The vessel will be used to augment Oceaneering’s ability to provide subsea intervention services in the ultra-deep waters of the Gulf of Mexico. BAE Systems continues to support the offshore energy market as it grows its U.S. commercial shipbuilding operations. Construction will take place at the company’s Mobile, Alabama shipyard, and, when complete, the U.S.

12 Dec 2008

MSV Ocean Intervention, New Contract

Oceaneering International, Inc. (NYSE:OII) announced it has secured a one-year term contract with estimated revenue in the range of $25m to $30m for use of the MSV Ocean Intervention and other related services, commencing early February 2009. The contract contains a customer option for a one-year extension. The customer has contracted Oceaneering to conduct inspection, repair, and maintenance (IRM) of deepwater subsea facilities in the Gulf of Mexico (GOM). Examples of this work include changing out pods and chokes, installing flowline jumpers and control umbilical flying leads, remediating hydrates, and supporting diving operations on deepwater floating facilities.

30 Jan 2004

Oceaneering Announces Settlement Agreement

Oceaneering International, Inc. has reached a settlement with the Delaware River Port Authority and Miziker and Company in connection with a dispute regarding services provided in 1999 by Oceaneering's Advanced Technologies Group. The agreed upon settlement is for a total of approximately $4.5 million. Oceaneering had previously made a reserve of $4.0 million to cover this matter. The remaining $0.5 million will be recorded as a charge to pre-tax income in its fourth quarter 2003 financial statement results, scheduled to be released on February 18, 2004. Oceaneering is an advanced applied technology company that provides engineered services and hardware to customers who operate in marine, space, and other harsh environments.