© Reuters.
HOUSTON – Oceaneering International, Inc. (NYSE:) has secured multiple contracts in the fourth quarter of 2023, expected to generate around $200 million in revenue. The contracts, predominantly with international oil and gas operators and marine construction firms, cover a range of values, with some below $10 million and others exceeding $100 million.
Two significant contracts contribute to a large portion of the anticipated revenue. The first entails supplying approximately 34 kilometers of electro-hydraulic, steel tube umbilicals and related subsea distribution hardware for a major greenfield development in the Gulf of Mexico. Production for this project is planned at the company’s Panama City and Houston facilities, with the final delivery scheduled for the third quarter of 2026.
The second major contract involves the next stage of a development in the Black…
