trending Market Intelligence /marketintelligence/en/news-insights/trending/5ZSLLZaGe6X9k9l-7y9Bng2 content esgSubNav
In This List

Oceaneering International inks 3 subsea service contracts worth $80M

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Oceaneering International inks 3 subsea service contracts worth $80M

Energy services provider Oceaneering International Inc. disclosed Jan. 18 it was awarded three subsea umbilical contracts worth more than $80 million.

The contracts, which were signed with unspecified major international operators, will supply developments in the Mediterranean Sea, North Sea and the South China Sea.

The Houston-based firm will start production of the umbilicals in the first quarter and has slated delivery during the first half of 2020. Around 70% of the award value will be reflected in the Dec. 31, 2018, backlog.