Company Research Report: Oceaneering International, Inc.
Company Overview
Name: Oceaneering International, Inc.
Mission: Solve the unsolvable by creating industry-changing technically creative solutions for the most complex operational challenges under water, on land, and in space.
Founders and Founding Year:
- Founded in 1964 by Mike Hughes and Johnny Johnson as a Gulf of Mexico diving company called World Wide Divers. It later merged with two other diving companies in 1969 to form Oceaneering International, Inc.
Key People: No specific key figures are mentioned in the available data.
Headquarters: No information is available.
Number of Employees: No exact headcount is provided. However, the company boasts a significant global presence with operational bases in 24 countries across six continents.
Revenue: No information is available.
Reputation and Industry:
- Known for: Engineered services and products primarily to the offshore energy industry. Oceaneering is also renowned for its leading fleet of work class remotely operated vehicles (ROVs) and is a major player in offshore oilfield maintenance services, umbilicals, and subsea hardware and tooling.
Products
Oceaneering provides a diverse portfolio of products across various sectors, including energy, defense, aerospace, entertainment, and renewable industries.
Remotely Operated Vehicles (ROVs):
- Description: Oceaneering operates the world’s premier ROV fleet, ensuring unmatched piloting capabilities for underwater operations.
- Key Features: Reliability, customization, and innovative design tailored for subsea connectivity.
Subsea Hardware:
- Description: Offers reliability and customization for subsea operations.
Project Management:
- Description: Leverages decades of experience across complex industry projects to deliver strategic and operational excellence.
Recent Developments
New Partnerships and Contracts:
- TotalEnergies Innovation Award: The Freedom™ Autonomous Underwater Vehicle (AUV) received the 2024 Innovation Award at TotalEnergies’ Supplier Day.
- U.S. Navy Contract: Awarded a multi-million dollar contract by the U.S. Department's Defense Innovation Unit to build the Freedom™ AUV and a Remote Operations Center.
- North Sea Vessel Contracts: Secured multiple contracts for decommissioning, inspection, subsea preparation, and installation support services.
- Aker BP Support: Received IMR Support Services Contract from Aker BP.
- Contract for FPSO Maintenance Strategy: Secured a contract offshore Brazil to support maintenance strategies.
New Product Launches and Features:
- Freedom™ AUV/ROV Hybrid: A strategic innovation combining AUV and ROV capabilities, expanding operational windows with modular, hybrid unit technology.
- Innovative Inspection Techniques: Introduction of process data to evaluate pump operations, maintenance program updates, and sonar mapping for emergency dock assessment.
Additional Notes
Awards and Recognitions:
- 2024 Emirates Labour Market Award: Won for excellent workplace practices and contributions in the UAE.
- Military-Friendly Employer: Earned the 2025 Gold designation, marking it as a military-friendly company for the fourth consecutive year.
The data provided presents a comprehensive view of Oceaneering International, Inc. as a leader and innovator across multiple industries, continuously contributing to solving complex industrial challenges globally. The company combines a legacy of innovation with modern advancements to maintain its edge in engineering and technology solutions.
