Oceaneering International, Inc. is a Houston based subsea construction and an advanced software company that provides technical products and equipment for naval, air, and other customers. It mainly provides engineering services and products to the offshore energy industry. It also uses advanced engineering skills to support the sectors of defense, media, material handling, aviation, research, and renewable energy. The business offerings of Oceaneering include:
- Remotely Operated Vehicle (ROV) services
- Subsea hardware specialty Oil fields
- Deepwater intervention
- Manned diving services
- Non-destructive testing
- Project management
- Surveying &
- Mapping services
Headquarters: Houston, Texas, United States
Annual Revenue: 1.92 Billion U.S Dollars
Number of Employees: more than 8,200
- In the early 1970s, Oceaneering funded substantial research on ways to increase the company’s diver safety and overall diving performance, including collaborating with the Duke University Medical Center to investigate the use of trimix breathing gas to reduce the incidence of high-pressure nervous syndrome.
- Oceaneering bought the JIM suit rights in 1975. By 1979, Dr. Sylvia Earle was assisted by a team from Oceaneering to test Atmospheric diving suits for scientific diving operations by diving a JIM suit up to 1,250 fsw. WASP atmospheric diving suits were also used by Oceaneering.
- In 1982, a dive team from Oceaneering recovered three of the four RMS Lusitania propellers.
- Michael L. Gernhardt worked as the Director of Oceaneering and Vice President for Special Projects from 1984 to 1988. He led the design of a subsea platform cleaning and inspection telerobotic device, as well as a range of modern diver and robot equipment. In 1988, to move subsea engineering and operational experience to the ISS project, he created Oceaneering Space Systems.
- Oceaneering teams recovered the Solid Rocket Booster after the 1986 Space Shuttle Challenger disaster, which contained the faulty O-ring responsible for the failure of the launch.
- Before 1991, when it relocated to the New York Stock Exchange, Oceaneering was a NASDAQ listed company.
- In 2001, Boeing and Fugro joined forces with Oceaneering to begin integrating their advanced technology into deep-sea exploration.
- NASA awarded Oceaneering a $745 million USD contract to create and manufacture the new spacesuit on June 11, 2008.
- NAVSEA awarded Oceaneering a Dry Deck Shelter maintenance contract in 2006.
- As of 2012, deepwater research accounted for eighty percent of Oceaneering’s revenue. It is also the biggest ROV manufacturer in the country.
The company deals in the following industries worldwide:
- Material Handling
- Military & Defence
- Oil & Gas
- Renewable Energy
- Science & Research
Integrated Solutions provided by the company:
- Integrated Rig Services:
Oceaneering offers real integration of HSE-enhancing equipment, surveying, ROV tooling (or IWOCS or any other specialized technology) and operations streamlining. This decreases on-board workers (POB), shortens ship days, eliminates unproductive space, and cuts overall costs for consumers.
- Subsea Tieback:
The company provides project management turnkey services for engineering and manufacturing, as a customer’s trusted subsea link specialist, to better control customer’s costs and de-risk operations.
- Well Intervention:
Oceaneering provides a one-stop solution that covers ship and ROV equipment, tooling and well-intervention tools worldwide. Its fixed action and relaxation solutions provide the same high command and performance levels as rig-based activities with less time and cost of mobilization. Oceaneering has been the first to allow rigid subsea stimulation and it continues to develop innovative solutions to meet its customers’ needs.
- Pipeline Repair:
The company conducts subsea inspection covering a wide range of sizes, stress levels, and water depths, recognizes failure modes, repairs the damaged property, and executes repairs to quickly bring back the operation online. In order to visually inspect pipelines and locate irregularities, the company activates remotely operated vehicles (ROVs) or autonomous underwater vehicles (AUVs). It works with customer’s past data to ensure the most reliable and cost-effective solution is available to its customers.
- Decommissioning Solutions:
Although its decommissioning track record is based on quality cutting services and free tool rental, through integrating its multitude of complementary differentiated services and products into a single unified package, it can also decommission projects with larger facilities. A wide range of software and service offerings allow it to perform cost-effective solutions during decommissioning, to provide greater value for consumers at a lower total cost of ownership.
Other than the above, Oceaneering also provides many other services to its customers. Some of them are:
- Inspection and NDT
- Marine Services Division (MSD)
- Mobile Robotics Innovation Lab (MRIL)
- Oceaneering Technologies (OTECH)
- Pipeline Repair Connections (PCRS)
- Product Testing and Qualification
- Renewable Energy
- ROV Workover Control Systems (RWOCS)
- Science and Research
- Space Systems (OSS)
- Do Things Right
- Solve Complex Problems
- Grow Together
- Outperform Expectations
- Own the Challenge
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