Latest news with #Oceaneering
Business Wire
4 days ago
- Business
- Business Wire
Oceaneering to Present at the J.P. Morgan Energy, Power, Renewables & Mining Conference
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) President and Chief Executive Officer Roderick A. Larson is scheduled to present at the J.P. Morgan Energy, Power, Renewables & Mining Conference in New York on Tuesday, June 24, 2025. Mr. Larson, Senior Vice President and Chief Financial Officer Alan R. Curtis, and Senior Director, Investor Relations Hilary Frisbie will also meet with institutional investors. Oceaneering's First Quarter 2025 Investor Presentation is available on the Investor Relations page of Oceaneering's website at 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 on Oceaneering, please visit
Yahoo
13-06-2025
- 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
12-06-2025
- 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.
Zawya
09-06-2025
- Business
- Zawya
Oceaneering Supports Angolan Oil Growth, Joins Angola Oil & Gas (AOG) 2025 as Silver Sponsor
Subsea engineering and applied technology company Oceaneering has joined Angola's premier industry event – Angola Oil&Gas (AOG) – as a Silver Sponsor. With a strong track record of delivering innovative solutions that support offshore oil and gas projects, Oceaneering helps drive Angolan hydrocarbon growth. The sponsorship reflects this commitment and is expected to open new doors for partnerships within the industry. Angola's offshore oil and gas market is growing rapidly, driven by the country's multi-year licensing round and ongoing exploration and production campaigns. A $60 billion upstream investment pipeline is planned for the country in the next five years, reflecting the commitment by investors to maximize output and unlock new frontiers. In 2025, a licensing round offering ten blocks in the offshore Kwanza and Benguela basins is expected to entice further spending, thereby boosting the demand for oilfield services. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ Active in Angola since the 1980s, Oceaneering has supported various large-scale projects through services including remotely operated vehicles and remote operations, diving services, asset integrity and inspection, vessel management, as well as engineering, machining and fabrication. These services are driven by the company's multiple, state-of-the-art facilities in Luanda and Cabinda. Major contracts include transportation and installation work on the Girassol life extension project in Angola's offshore Block 17 – one of the country's legacy fields. The company was responsible for air and saturation diving services, project management, engineering and procurement activities, in support of the recovery and replacement of 12 risers. Services commenced in 2023 and will progress until late-2025. Previous contracts include by Cabinda Gulf Oil Company for works related to offshore Blocks 0 and 14 and by bp for works related to Blocks 18 and 31. As the biggest event of its kind in the country, AOG 2025 unites the entire industry – from upstream operators to oilfield service providers to technology experts, downstream players and financiers. The event takes place under the theme Angola 50 Years: Oil and Gas as a Development Driver, aligning with national goals of supporting production growth and driving long-term and impactful economic growth. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
06-06-2025
- Business
- Yahoo
Oceaneering Announces CFO Succession Plan
HOUSTON, June 06, 2025--(BUSINESS WIRE)--Oceaneering International, Inc. (NYSE: OII) ("Oceaneering") today announced a Chief Financial Officer ("CFO") succession plan. Alan R. Curtis, Senior Vice President & CFO, has announced his decision to retire from his position effective January 1, 2026. Mr. Curtis began his career with Oceaneering in 1995 as a Financial Controller and has served in a variety of roles, including most recently as CFO since 2015. Addressing Mr. Curtis's pending retirement, President and Chief Executive Officer Rod Larson said, "On behalf of all Oceaneers, I would like to extend our deep gratitude to Alan for his financial leadership and strategic insights over the past decade. Under his leadership, we have consistently delivered steady shareholder returns and significantly enhanced our portfolio, enabling us to 'solve the unsolvable' for our customers in the most challenging environments. His extensive knowledge of Oceaneering and commitment to operational excellence and talent development have been instrumental to our success, and we wish him the best in his well-deserved retirement." M. Kevin McEvoy, Chairman of Oceaneering's Board of Directors, added, "Since I hired Alan 30 years ago, he has demonstrated integrity and a natural curiosity about Oceaneering's diverse services, products, and capabilities. Through his passion for the business, he developed close partnerships with our segment leaders, leading initiatives that strengthened our financial and organizational framework, and that continue to drive our financial and technological growth." Michael W. Sumruld will join Oceaneering as Senior Vice President of Finance on September 1, 2025, and is expected to later succeed Mr. Curtis as CFO upon Mr. Curtis's retirement from such position. Mr. Curtis will continue to serve Oceaneering in a supporting role to provide for an orderly transition of duties. Mr. Sumruld will report to Mr. Larson. Mr. Sumruld most recently served as Senior Vice President and CFO for Parker Drilling Company from October 2017 until its sale to Nabors Industries Ltd. in March 2025. In that role, he managed the company's investor relations, corporate development, treasury, finance and accounting, tax, financial planning and analysis, compliance, operations integrity, and information technology organizations. Prior to his time at Parker Drilling Company, Mr. Sumruld held positions at LyondellBasell Industries N.V. and at Baker Hughes Incorporated. He is a certified public accountant and holds a bachelor's degree in accounting from the University of Houston and a Master of Business Administration from Texas A&M University. Regarding Mr. Sumruld's appointment, Mr. Larson said, "We are pleased to welcome Mike following a thoughtful succession planning process. I know Mike quite well from our work together at Baker Hughes on the North American offshore business, where he proved himself to be a strong, people-focused leader with a collaborative, business-oriented approach. The Board is excited that Mike will be joining the management team to drive Oceaneering's continued growth and shareholder value." 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 View source version on Contacts Hilary FrisbieSenior Director, Investor Relations713-329-4755investorrelations@ 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
