Welcome to our dedicated page for Oceaneering Intl news (Ticker: OII), a resource for investors and traders seeking the latest updates and insights on Oceaneering Intl stock.
Oceaneering International Inc. (NYSE: OII) is described as a global technology company that delivers engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. The OII news page on Stock Titan focuses on company developments that affect these end markets and the company’s role in Support Activities for Oil and Gas Operations.
News coverage includes announcements about subsea and offshore energy work, such as contracts for riserless light well intervention services and subsea robotics support for inspection, maintenance, repair, and decommissioning activities. Articles also highlight multi-year agreements for remotely operated vehicle services, specialized tooling, and survey work on offshore projects.
In addition to energy-related updates, Oceaneering’s news flow features items from its Aerospace and Defense Technologies segment, including contracts to repair valves and actuators for U.S. Navy submarine programs under the Corporate Component Repair Program. These stories illustrate the company’s involvement in defense and aerospace applications alongside its offshore energy activities.
Investors and industry observers can also find coverage of financial results, segment performance, and participation in investor conferences. Earnings releases discuss revenue and operating income by segment, non-GAAP measures such as adjusted EBITDA and free cash flow, and management commentary on segment trends. Conference participation updates describe management’s engagement with institutional investors and presentations on energy and defense topics.
By following OII news, readers can monitor contract awards, segment-level developments, and corporate updates such as board appointments and executive leadership changes. This context helps users understand how Oceaneering’s subsea robotics, offshore projects, integrity management, and aerospace and defense activities evolve over time.
Oceaneering (NYSE:OII) reported strong Q2 2025 results with significant year-over-year improvements. Revenue increased 4% to $698 million, operating income grew 31% to $79.2 million, and net income surged 56% to $54.4 million. The company generated $77.2 million in operating cash flow and maintained a robust cash position of $434 million.
All operating segments showed improvements, with notable performance in ADTech and OPG. ROV fleet utilization was 67% with day rates increasing to $11,265. The company's Manufactured Products segment maintained a substantial backlog of $516 million. For Q3 2025, Oceaneering expects increased consolidated revenue and EBITDA of $100-110 million.
Oceaneering International (NYSE:OII) has secured a significant contract renewal with Esso Exploration Angola for offshore operations support in Angola Block 15. The three-year contract, which began July 1, 2025, is valued between $80-90 million and was awarded through a competitive bidding process.
The comprehensive service package includes multiple work-class ROVs, ROV tooling, intervention workover control systems, satellite communication systems, and various subsea services. These services will be deployed from Esso-supplied facilities, intervention vessels, and drilling rigs, strengthening Oceaneering's position in Angola's offshore energy sector.
Oceaneering (NYSE:OII) has scheduled its second quarter 2025 earnings release and conference call. The company will release its financial results on Wednesday, July 23, 2025, after the NYSE market close. A conference call and webcast discussing the results will be held on Thursday, July 24, 2025, at 10:00 a.m. Central Time.
The earnings release will be accessible on Oceaneering's website, and interested parties can join the conference call through a webcast link in the Investor Relations section. A replay will be available approximately two hours after the live call concludes.
Oceaneering (NYSE:OII) has secured a follow-on IDIQ contract from the Naval Surface Warfare Center Philadelphia Division to manufacture Virginia Class Submarine support equipment. The contract, commencing in June 2025, involves manufacturing work platforms for submarine sail and vertical payload tube maintenance.
The contract has a potential value of $33 million if all options are exercised over the five-year ordering period. This award was secured through Oceaneering's Aerospace and Defense Technologies (ADTech) segment following a competitive bidding process.
Falcon's Beyond (NASDAQ: FBYD) has acquired Oceaneering Entertainment Systems (OES), a division of Oceaneering International (NYSE: OII), significantly strengthening its position in the themed entertainment industry. The acquisition includes OES's global portfolio of patented technologies, engineering processes, and a 106,000+ square-foot facility. OES, a 25-year veteran in theme park development, brings an impressive track record with 12 Thea Awards for attractions like Spider-Man and Transformers rides at Universal Orlando.
The strategic acquisition enhances Falcon's Attractions division as a vertically integrated provider of entertainment systems and is expected to be accretive to future earnings. The company has also hired key OES team members and secured an option to acquire certain OES inventory by July 23, 2025. Falcon's will maintain support for all legacy OES products, ensuring continuity with the same personnel and technology.
Oceaneering International (NYSE:OII) announced its participation in Citi's Spotlight on SMID Energy Day, scheduled for May 22, 2025, in New York. The company will be represented by Senior VP and CFO Alan R. Curtis and Senior Investor Relations Director Hilary Frisbie, who will engage with institutional investors. The company's first quarter 2025 Investor Presentation will be made available on their website after market close on May 19, 2025.
Oceaneering is a global technology company that provides engineered services, products, and robotic solutions to various sectors including offshore energy, defense, aerospace, and manufacturing industries.
Oceaneering International (NYSE:OII) has secured a multi-year contract from bp Mauritania Investments Limited for subsea inspection, maintenance, and repair (IMR) services in the Greater Tortue Ahmeyim field. The contract includes ROV services, with Oceaneering deploying a multi-purpose vessel equipped with two work class ROVs. The initial contract spans three years with two one-year extension options.
The scope encompasses project management, engineering, and integration services delivered by both local and international personnel. Engineering and pre-mobilization activities have begun, with field operations set to start in Q2 2025. The company's expertise in delivering subsea solutions in harsh environments was cited as a key factor in winning this contract.
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