Search results for: Larson

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  • 10 May 2012

    Oceaneering International, Inc. announced that Roderick A. Larson has agreed to join Oceaneering as Senior Vice President and Chief Operating Officer.  Larson will be responsible for all of Oceaneering’s worldwide oilfield business operations. In 2011 these accounted for approximately 90 percent of Oceaneering’s revenue and 95 percent of its operating income. Roderick. A. Larson has […]

  • 15 January 2021
    Business & Finance, Business developments & projects, Equipment, Technology

    Oceaneering’s Subsea Robotics segment has won multiple contracts during the fourth quarter of 2020, with anticipated aggregate revenue in excess of $225 million. These contracts are with international oil and gas operators and marine construction companies, and range in duration from several months to five years. The work scopes are primarily for remotely operated vehicle (ROV) […]

  • 7 January 2021
    Business & Finance

    Houston-based Oceaneering said it has won multiple contracts for its Integrity Management and Digital Solutions (IMDS) segment, since the beginning of Q4 2020. The contracts range in duration from three to five years, with a cumulative value exceeding $250 million. These awards, from major operators for several international projects, exploit synergies, enabled by design of […]

  • 30 October 2020
    Business & Finance

    Oceaneering has reported a net loss of $79.4 million on revenue of $440 million for the third quarter 2020. Adjusted net loss was $17.6 million, reflecting the impact of $68.7 million of pre-tax adjustments ($40 million impairment) and $6.3 million of discrete tax adjustments. Compared to a year-ago period, Oceaneering booked net loss of $25.5 […]

  • 25 August 2020
    Environment, Ports & Logistics

    The Port of Oakland’s largest marine terminal Oakland International Container Terminal (OICT) has cut diesel emissions from 13 of its massive yard cranes by 95 percent after retrofitting them with hybrid-electric engines.  Terminal operator Stevedoring Services of America (SSA) said that the project will eliminate about 1,200 metric tons of greenhouse gas emissions annually from each crane. “Retrofitting our rubber-tire gantry cranes to […]

  • 31 July 2020
    Business & Finance

    Oceaneering has reported a net loss of $24.8 million, or 25 cents per share, on revenue of $427 million for the second quarter 2020. Adjusted net loss was $14.2 million, or 14 cents per share, reflecting the impact of $9.6 million of pre-tax adjustments and $3.3 million of other discrete tax adjustments. During the prior […]

  • 4 May 2020
    Business & Finance

    Oceaneering board has approved voluntary base salary reductions of the executive management and other members of senior management. Effective 1 May, the company’s CEO Roderick A. Larson agreed to base salary reduction of 15 per cent. Base salaries for executive level, including the executive leadership and senior vice presidents, will be reduced by 10 per […]

  • 25 February 2020
    Business & Finance, Equipment

    Oceaneering has reported a net loss of $263 million, or $2.66 per share, for the three months ended December 31, 2019, despite revenue rise. The result compares with net loss of $64 million same time last year. During the prior quarter ended September 30, 2019, Oceaneering reported a net loss of close to $26 million, […]

  • 11 February 2020
    Business & Finance, Equipment

    Oceaneering has been awarded a contract for comprehensive riserless light well intervention services offshore Angola in Blocks 18 and 31 by oil major BP.

  • 31 October 2019
    Business & Finance, Equipment, Operations & Maintenance

    Oceaneering has reported a net loss of $25.5 million, or 26 cents per share, for the three months ended September 30, 2019. The result compares with net loss of $66 million same time last year. During the prior quarter ended June 30, 2019, Oceaneering reported a net loss of $35 million, or 36 cents per […]

  • 18 September 2019
    Equipment, Project & Tenders

    Oceaneering International has received subsea umbilical control systems supply contracts by Baker Hughes, a GE company (BHGE), and partner in the consortium for the Oil & Natural Gas Corporation of India’s (ONGC) KG‑DWN 98/2 deepwater field development in the Bay of Bengal.   Oceaneering’s scope comprises the supply of the subsea umbilical control systems to […]

  • 18 September 2019
    Business & Finance, Equipment

    Oceaneering has been awarded contracts by Baker Hughes, a GE company (BHGE), to o supply subsea umbilical control systems for KG‑DWN 98/2 deepwater field development in the Bay of Bengal.

  • 25 July 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders, Research & Development

    Oceaneering has reported a net loss of $35 million, or 36 cents per share, for the three months ended June 30, 2019. The result compares with net loss of $33 million same time last year. During the prior quarter ended March 31, 2019, Oceaneering reported a net loss of $25 million, or 25 cents per […]

  • 17 July 2019

    The first phase of India’s new multimodal terminal being built at Sahibganj will be completed in August this year.

  • 19 June 2019
    Business & Finance, Equipment, Project & Tenders

    Oceaneering International has secured a contract by Anadarko Moçambique Area 1, a wholly owned subsidiary of Anadarko Petroleum, to supply umbilicals, distribution hardware, and aftermarket services for its Mozambique LNG project. The multiple lengths of onshore and subsea steel tube control umbilicals total approximately 115 miles (185 kilometers) in length. The distribution hardware to be provided […]

  • 6 June 2019
    Business & Finance

    The National Marine Manufacturers Association (NMMA) convened two briefing events for more than 100 congressional staff in Washington, D.C. on June 4, to discuss the importance of the $650 million Sport Fish Restoration and Boating Trust Fund and the Harbor Maintenance Trust Fund (HMTF). Coinciding with National Fishing and Boating Week (June 1-9) – an […]

  • 14 February 2019
    Business & Finance, Equipment, Operations & Maintenance

    Oceaneering has reported a net loss of $64.1 million, or 65 cents per share, for the three months ended December 31, 2018. The result compares with net profit of $173.6 million same time last year. During the prior quarter ended September 30, 2018, Oceaneering reported a net loss of $66 million, or 67 cents per […]

  • 21 January 2019
    Business & Finance, Equipment

    Oceaneering has recently secured three subsea umbilical contracts valued in excess of $80 million in total.

  • 21 January 2019
    Business & Finance, Equipment, Project & Tenders

    Oceaneering has recently secured three subsea umbilical contracts valued in excess of $80 million in total. The contracts, with undisclosed international operators, are to supply developments in the Mediterranean Sea, the North Sea and the South China Sea. Two contracts are for electro-hydraulic, steel tube production control umbilicals, measuring approximately 66 miles (106 kilometers) in […]

  • 3 December 2018
    Business & Finance

    Subsea services company Kreuz Subsea has appointed the company’s first independent non-executive director.

  • 9 November 2018
    Business & Finance, Equipment, Operations & Maintenance

    Oceaneering said its subsea umbilical manufacturing facility in Panama City, Florida is back in business following the destructive blow of Hurricane Michael last month. “Exceeding our own expectations, production activities at our Panama City facility have resumed. Subsea hardware load-outs are in progress, and umbilical deliveries are scheduled to begin this week,” said Roderick A. […]

  • 9 November 2018
    Equipment

    Subsea oil and gas equipment manufacturer and provider Oceaneering has resumed operations at its Panama City, FL, manufacturing facility which was damaged by Hurricane Michael in mid-October.

  • 25 October 2018
    Business & Finance

    Oceaneering International has reported a net loss of $66.0 million, or $(0.67) per share, on revenue of $519 million for the three months ended September 30, 2018.  Adjusted net loss was $13.9 million, or $(0.14) per share, excluding the impact of $56.5 million of certain tax adjustments, the after-tax effects of a $9.3 million gain realized […]

  • 20 August 2018
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Oceaneering has trough one of its wholly owned subsidiaries, Marine Production Systems do Brasil, secured a four-year contract with a one-year optional extension period from Petrobras in Brazil. The contract will support intervention and completion operations in Brazil. Under the terms of the contract, Oceaneering will supply and operate three drill pipe riser (DPR) systems […]

  • 20 August 2018
    Business & Finance

    Oceaneering International has secured a four-year contract with a one-year optional extension period from Petrobras in Brazil.