Oceaneering Announces Manufactured Products Contracts with Petrobras
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Oceaneering International, Inc. (OII)
Last oceaneering international, inc. earnings: 2/24 05:01 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has secured two significant contracts with Petroleo Brasileiro S.A. (“Petrobras”) through a competitive bidding process. The expected aggregate net revenue is in the range of $120 million to $183 million.Oceaneering is contracted to supply up to 362 kilometers, or approximately 225 miles, of steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware for use in projects offshore Brazil. Manufacturing of the products is scheduled to take place at Oceaneering’s Niteroi, Brazil facility with the final delivery expected in the fourth quarter of 2027.Reflecting on these achievements, Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, "The award of these major contracts reinforces our confidence in the durability and commitment of our customers to the resurgent deepwater markets. It further demonstr
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News
- Oceaneering (OII) Secures $50 Million Umbilical Contract [Yahoo! Finance]Yahoo! Finance
- Oceaneering's Manufactured Products Segment Secures Large Umbilical Contract [Yahoo! Finance]Yahoo! Finance
- Oceaneering’s Manufactured Products Segment Secures Large Umbilical ContractBusiness Wire
- Will Weakness in Oceaneering International, Inc.'s (NYSE:OII) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Oceaneering to Present at the J.P. Morgan Energy, Power & Renewables ConferenceBusiness Wire
OII
Earnings
- 4/24/24 - Miss
OII
Sec Filings
- 5/31/24 - Form SD
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- OII's page on the SEC website