Oceaneering (OII) Tops Q3 EPS by 1c
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Oceaneering Announces BP Angola Two-Year Contract Extension
October 27, 2016 6:09 PM EDTHOUSTON, Oct. 27, 2016 /PRNewswire/ --Â Oceaneering International, Inc. ("Oceaneering" or the "Company") (NYSE: OII) announced today that a unit of BP p.l.c. ("BP") (NYSE: BP) has agreed to a two-year extension through January 2019 under the Field Support Vessel Services contract that was entered into with the Company for work offshore Angola on Blocks 18 and 31. Â Under this contract term extension, the Ocean Intervention III will remain chartered through April 2017, with five option periods for further extension of one-month each. Â Additional vessels and... More
Oceaneering Reports Third Quarter 2016 Results
October 27, 2016 6:06 PM EDTHOUSTON, Oct. 27, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) today reported a net loss of $11.8 million, or $(0.12) per share, on revenue of $549 million for the three months ended September 30, 2016. Adjusted net income was $16.6 million, or $0.17 per share, excluding $43.6 million of pre-tax charges recognized during the quarter and the related tax effects of those charges. These charges included $36.0 million related to the Remotely Operated Vehicles ("ROV") segment and $8.2 million related to the Subsea Products segment.
During the prior quarter ended June 30, 2016, Oceaneering reported net income of $22.3 million, or $0.23 per share, on revenue... More
Oceaneering Declares Quarterly Dividend
October 27, 2016 6:05 PM EDTHOUSTON, Oct. 27, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) announced today that its Board of Directors declared a regular quarterly dividend of $0.15 per common share. The dividend is payable December 16, 2016 to shareholders of record at the close of business on November 25,... More
Jon Erik Reinhardsen Joins Board of Directors
October 26, 2016 5:00 PM EDTHOUSTON, Oct. 26, 2016 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) announced today that Jon Erik Reinhardsen has been elected to its Board of Directors. Â Mr. Reinhardsen is currently the President and Chief Executive Officer of Petroleum Geo-Services ASA ("PGS"), an international marine geophysical company providing a broad range of seismic and reservoir services, positions he has held since April 2008.... More
