With its stock down 8.4% over the past month, it is easy to disregard Oceaneering International (NYSE:OII). However...
Oceaneering (OII) secures major contracts with Petrobras, boosting revenues by $120-$183 million, and supplying critical subsea technology for offshore oil operations.
HOUSTON, June 10, 2024--Oceaneering International, Inc. (NYSE:OII) announced that its Manufactured Products segment has secured two significant contracts with Petroleo Brasileiro S.A. ("Petrobras") through a competitive bidding process. The expected aggregate net revenue is in the range of $120 million to $183 million.