 | |
| Company type | Public |
|---|---|
| Industry | Oil and gas equipment, services |
| Founded | 1964; 62 years ago (1964) |
| Headquarters | Houston,Texas, U.S. |
Key people |
|
| Products |
|
| Revenue |  US$ 2.7 billion(2024) |
| US$ $246 million(2024) | |
| US$ $147 million(2024) | |
| Total assets | US$ 2.03 billion(2022) |
| Total equity | US$ 526.80 million(2022) |
Number of employees | ~12,000(2025) |
| Website | www |
| Footnotes / references [1][2] | |
Oceaneering International, Inc. is asubseaengineering andapplied technology company based inHouston,Texas, U.S. that provides engineered services and hardware to customers who operate inmarine,space, and other environments.
Oceaneering's business offerings includeremotely operated vehicle (ROV) services, specialty oilfield subsea hardware, deepwater intervention and creweddiving services,non-destructive testing and inspections, engineering and project management, and surveying and mapping services. Its services and products are marketed worldwide tooil and gas companies, government agencies, and firms in theaerospace,marine engineering and mobile robotics and construction industries.
Oceaneering was founded in 1964 with the incorporation of World Wide Divers, Inc., one of three companies who merged in 1969 to operate under the name Oceaneering International, Inc. The merged companies were World Wide Divers, Inc. (Morgan City, LA), California Divers, Inc. (Santa Barbara, CA), and Can-Dive Services Ltd (North Vancouver, BC).[3]
World Wide Divers, Inc. was owned by Mike Hughes and Johnny Johnson. California Divers, Inc. was owned by Lad Handelman, Gene Handelman, Kevin Lengyel, and Bob Ratcliffe. Can-Dive Services Ltd was owned byPhil Nuytten and partners. Mike Hughes served as Chairman of the Board and Lad Handelman served as President of the merged companies.
Research and Diving Technology
In the early 1970s, Oceaneering supported considerable research into ways to increase safety of their divers and general diving efficiency, including their collaboration withDuke University Medical Center to explore the use oftrimix breathing gas to reduce the incidence ofhigh-pressure nervous syndrome.[4]
Oceaneering purchased the rights to theJIM suit in 1975. By 1979, a team from Oceaneering assisted Dr.Sylvia Earle in testingAtmospheric diving suits for scientific diving operations by diving a JIM suit to 1,250fsw.[5] Oceaneering also used WASP atmospheric diving suits.[6]
Salvage and Recovery Operations
A dive team from Oceaneering salvaged three of the four propellers from theRMSLusitania in 1982.[7]
Oceaneering ROVs were used to determine what happened to the cargo shipLucona in the 1991 murder and fraud investigation that claimed uranium mining equipment was lost when the vessel went down.[8]
Recovery of the airplanecockpit voice recorder in the loss ofValuJet Flight 592 was a priority in early 1996.[8] In the days following the loss ofTWA Flight 800 later that same year, Oceaneering was contacted to provide ROV support to the US Navy lead search and recovery effort.[8]
Oceaneering helped recover theConfederatesubmarineH. L. Hunley, which sank in 1864.[9][10] Several recovery plans were evaluated; the final recovery included atruss structure with foam to surround the body of the submarine.[11] On August 8, 2000, at 8:37 a.m., the sub broke the surface for the first time in 136 years.
Robotics, Space, and Special Projects
From 1984 to 1988,Michael L. Gernhardt served as Oceaneering's Manager and then Vice President of Special Projects. He led the development of a telerobotic system for subsea platform cleaning and inspection, and of a variety of new diver and robot tools.[12] In 1988, he founded Oceaneering Space Systems, to transfer subsea technology and operational experience to theISS program.[12]
After the 1986Space Shuttle Challenger disaster, Oceaneering teams recovered theSolid Rocket Booster that contained the faultyO-ring responsible for launch's failure.[8]
On August 2, 2006,NASA announced it would issue a Request for Proposal (RFP) for the design, development, certification, production and sustaining engineering of theConstellation Space Suit to meet the needs of theConstellation Program.[13] On June 11, 2008, NASA awarded a USD$745 million contract to Oceaneering for the creation and manufacture of this new space suit.[14]
Defense and Naval Engineering
In 2006,NAVSEA awarded Oceaneering a maintenance contract for theDry Deck Shelter program.[15] Dry Deck Shelters are used to transport equipment such as theAdvanced SEAL Delivery System andCombat Rubber Raiding Craft aboard a submarine.[16][17]
In 2009, Oceaneering installed a demonstrator crane aboard theSS Flickertail State to evaluate its performance in transferring containers between two moving ships, in an operational environment using commercial and oil industry at-seamooring techniques in the Gulf of Mexico.[18] Developed in conjunction with the Sea Warfare and Weapons Department in theOffice of Naval Research, the crane has sensors and cameras as well as motion-sensing algorithms that automatically compensate for the rolling and pitching of the sea, making it much easier for operators to center it over and transfer cargo.[19][20]
Industry Collaborations and Technology Licensing
Oceaneering teamed up with the Canadian company GRI Simulations to design and produce the ROV simulators they utilize for training, development of procedures, and equipment staging.[21] After a dispute over theft oftrade secrets andcopyright infringement that lasted several years, Oceaneering now licenses the VROV simulator system from GRI Simulations.[21][22]
A 2009 collaboration withRoyal Dutch Shell saw the installation of awireline at a record 2,673 feet (815 m) of water for repairing a safety valve.[23]
Boeing andFugro teamed up with Oceaneering in 2001 to begin integration of their advanced technology into deep sea exploration.[24]
Major Projects and Deepwater Operations
On April 22, 2010, three Oceaneering ROV crews aboard the Oceaneering vesselOcean Intervention III, theDOF ASASkandi Neptune and the Boa InternationalBoa Sub C began to map the seabed and assess the wreckage from theDeepwater Horizon oil spill. The crews reported "large amounts of oil that flowed out."[25] Oceaneering ROV Technician Tyrone Benton was later called as a witness to provide information on the leaks associated with BOP stack investigation, but gave no reason why he later failed to appear in court.[26][27]
Petrobras, the biggest deepwater oilfield company in the world, placed the largest umbilical order in company history in 2012.[28]
As of 2012, eighty percent of Oceaneering's income has been derived from deepwater work.[29] It is also the world's largest operator of ROVs.[29][30]
BAE Systems was contracted in October 2013 to build aJones Act-compliant multi-service vessel to serve Oceaneering's "subsea intervention services in the ultra-deep waters of the Gulf of Mexico",[31] which was delivered in 2019.[32]
In 2024, Oceaneering acquiredGlobal Design Innovation Ltd., a UK-based provider of digital and software solutions.[33]
Oceaneering’s Brazilian subsidiary secured multiple four-year subsea robotics contracts worth about $180 million from Petrobras in 2025 to provide ROV services, tooling, and surveys for offshore projects in Brazil.[34]
Oceaneering was aNASDAQ listed company until 1991, when they moved to theNew York Stock Exchange.
Oceaneering International, Inc. operates in 24 countries with more than 70 operational bases and approximately 12,000 employees worldwide. The company has significant operations inAfrica, theUnited Kingdom,Norway,Brazil,Asia, andAustralia, and its global headquarters is located inHouston,Texas. Regional offices are maintained in major hubs such asAberdeen (United Kingdom),Abu Dhabi (United Arab Emirates),Baku (Azerbaijan),Chandigarh (India),Luanda (Angola),Perth (Australia),Rio de Janeiro (Brazil),Selangor (Malaysia),Stavanger (Norway), and Newfoundland (Canada).
Remote Operations
The company operates Onshore Remote Operations Centers (OROCs) inStavanger (Norway),Morgan City (United States), Aberdeen (United Kingdom), andMacaé (Brazil). These facilities support remote piloting of subsea vehicles and provide services such as underwater inspections, rig positioning, and asset monitoring.
The Oceaneering Entertainment Systems (OES) was a division[35] of Oceaneering International that developed educational and entertainment technology, such as theShuttle Launch Experience at theKennedy Space Center Visitor Complex in Florida.[36] It was based inOrlando, Florida, with an additional site inHanover, Maryland.
OES was formed in 1992 following Oceaneering International’s acquisition ofEastport International, Inc., a company specializing in underwaterremotely operated vehicles (ROVs). Eastport had recently been contracted by Universal Studios Florida to redesign and build the animatronic sharks for itsJaws attraction. The original animatronics, ride system and control system had malfunctioned, causing the attraction to close soon after its grand opening. After the acquisition, themed attraction work was moved to the new OES division, which completed theJaws contract.[37]
Over the years, OES developedmotion-baseddark ride vehicles for attractions such asTransformers: The Ride at Universal Studios Florida,Justice League: Battle for Metropolis atSix Flags parks,Antarctica: Empire of the Penguin at SeaWorld, andSpeed of Magic at Ferrari World Abu Dhabi, among others.[38][39][40] It has also producedanimatronics forUniversal Studios'Jurassic Park andJaws rides[41][42] and provided custom show-action equipment for various entertainment projects, includingRevenge of the Mummy at Universal Studios Orlando, andCurse of DarKastle atBusch Gardens Williamsburg.
OES received severalThemed Entertainment Association (THEA) Awards, including the award for the Revolution Tru-Trackless ride system in 2014,[43] forTransformers: The Ride 3-D atUniversal Studios Hollywood andSingapore in 2013, and forShuttle Launch Experience in 2008.[44]
In May 2025, Oceaneering Entertainment Systems was acquired by Falcon's Beyond.[45]
Oceaneering donated ahyperbaric chamber to assist with the treatment on theMiskito Indian population in 1986.[46] They donated acompressor in 1997 that, along with funding from theDivers Alert Network, supported continued medical support of the Miskito population.[47]
In November 2009, Oceaneering donated an ROV to Stavanger Offshore Tekniske Skole, aNorwegian technical college, to facilitate their students' qualification exams.[48] They donated an ROV to South Central Louisiana Technical College in 2011 to support its unique ROV maintenance curriculum.[49]
In 2021, Oceaneering donated three deep-sea exploration systems, including the Magellan 725 ROV, Ocean Discovery ROV, and Ocean Explorer 6000 towed sonar, along with related deployment equipment to the nonprofit Global Oceans to support ocean science research.[50]
