Oceaneering
Oceaneering International operates the world's largest fleet of work-class remotely operated vehicles (~250) and provides engineered subsea robotics, installation, and digital integrity services to offshore energy operators, U.S. defense agencies, and offshore renewable energy developers across four global segments.
- Company typePublic
- Founded1964
- HeadquartersHouston, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Oceaneering does
Oceaneering International, Inc. is a Houston-based global engineering and subsea robotics company founded in 1964, publicly traded on the NYSE under ticker OII, and operating through four primary segments: Subsea Robotics, Offshore Projects Group (OPG), Aerospace and Defense Technologies (ADTech), and Manufactured Products. The company operates the world's largest fleet of work-class remotely operated vehicles (ROVs) — approximately 250 vehicles achieving 99% uptime and supporting over 61,000 days of utilization in 2024 — and complements this fleet with autonomous platforms (Freedom AUV, commercially deployed 2023), a subsea-resident system (Liberty, ~21,000 operational hours on the Norwegian Continental Shelf), the newly launched Momentum all-electric Work-Class ROV (March 2026) capable of 30-day continuous deployments, and a global network of Onshore Remote Operations Centers (OROCs) in the US, UK, Brazil, and Norway.
Its core technology stack includes subsea robotics hardware, the GDi digital platform (Vision 3D data visualization and Inform asset integrity management software, acquired via the Global Design Innovation deal in October 2024), DriX Uncrewed Surface Vessel capabilities (acquired from Exail in September 2023), and manufactured subsea hardware including thermoplastic composite pipe. The company monetizes primarily through day-rate ROV service contracts (multi-year terms up to five years), project-based subsea installation work for offshore field developments, and government defense contracts (with the ADTech segment growing 35.1% year-over-year in Q1 2026 to nearly 20% of total revenues).
Key customers include major offshore energy operators — Shell, TotalEnergies (partnered on Freedom AUV readiness), Chevron, Petrobras ($180M Subsea Robotics contract, Q3 2025), bp (Caspian Sea well intervention contract), Eni (Angola), and Burullus Gas (Shell JV in Egypt) — alongside U.S. defense agencies including the Department of Defense and the Department of War (maritime system down-selection, early 2025). With full-year 2025 revenue of $2.8 billion (+5% YoY), adjusted EBITDA of $401 million (+16% YoY, seventh consecutive year of growth), a 1.33 book-to-bill ratio, and ~$1 billion in Q1 2026 orders, Oceaneering is diversifying beyond its oil and gas base into defense, offshore renewables, and offshore spaceport infrastructure (per its April 2026 MOU with Seagate Space).
Oceaneering firmographics
Firmographics- Name
- Oceaneering
- Legal name
- Oceaneering International, Inc.
- Website
- https://oceaneering.com
- Company type
- Public
- Founded year
- 1964
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Oceaneering International operates the world's largest fleet of work-class remotely operated vehicles (~250) and provides engineered subsea robotics, installation, and digital integrity services to offshore energy operators, U.S. defense agencies, and offshore renewable energy developers across four global segments.
- Ownership category
- akta.pro rank
Oceaneering industry classification
Industry- Product category
- Subsea Robotics & Offshore Engineering Services
- NAICS
- Ship Building and Repairing (336611)
- SIC
- Ship & Boat Building & Repairing (3730), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ)
- akta.pro secondary industries
- Underwater Hull Services (Diving, In-Water Cleaning, Propeller Polishing, Inspection) (TLAHAMAL), Underwater Salvage & Diving Operations (UWILD, Cutting, Welding) (IMAJANAD)
Keywords
Where Oceaneering is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Oceaneering business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Subsea Robotics: Operates the world's largest fleet of work-class ROVs (~250 vehicles with 99% uptime, 61,000+ days of utilization in 2024). Provides inspection, maintenance, repair, and survey services to offshore energy operators. Generates recurring service revenues through long-term contracts and day-rate arrangements.
- Offshore Projects Group (OPG): Subsea installation, transportation, and commissioning services including umbilical, flowline, and subsea infrastructure installation. Revenue is project-based, tied to specific offshore development contracts.
- Aerospace and Defense Technologies (ADTech): Provides engineered services and robotic solutions to the U.S. Department of Defense, Department of War, and other government agencies. Includes submarine rescue systems, maritime systems, and space-related services. Revenue from government contracts, growing to nearly 20% of total revenues. Includes record-setting government contract cited as the company's largest in that segment.
- Manufactured Products: Manufactures and sells engineered products including地面 and subsea hardware, Thrusters, and other specialized equipment. Contributes to revenue through product sales alongside service streams.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Subsea Robotics — day-rate and contract-based pricing for ROV services |
| Other | Multi-year contract | ADTech — government contract pricing (classified/project-specific) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Oceaneering product offering
Product offeringCore offering
Oceaneering is a global provider of engineered services, robotic solutions, and manufactured products to the offshore oil and gas industry, defense agencies, and renewable energy markets. The company operates the world's largest fleet of work-class remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs), delivering subsea inspection, maintenance, repair, installation, and survey services. Operations are organized across four segments: Subsea Robotics, Offshore Projects Group, Aerospace and Defense Technologies (ADTech), and Manufactured Products.
Product overview
Oceaneering is a global technology company providing engineered services, robotic solutions, and manufactured products across offshore energy, defense, aerospace, and manufacturing industries. The company operates through four primary segments: Subsea Robotics (featuring the world's largest ROV fleet of approximately 250 vehicles including the new Momentum Electric ROV, Freedom AUV, and Liberty Resident System with autonomous capabilities), Aerospace and Defense Technologies (serving U.S. Department of War with maritime systems), Offshore Projects Group (installation and subsea services), and Manufactured Products (subsea hardware). The product portfolio is unified through digital platforms including Onshore Remote Operations Centers and GDi software (Inform, Vision 3D), enabling remote and autonomous operations across its robotics fleet for inspection, maintenance, drilling, surveys, and construction applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Subsea Robotics Fleet Services
- Offshore Projects Group (OPG)
- Aerospace and Defense Technologies (ADTech)
- Momentum Electric Work-Class ROV
- Freedom AUV (Autonomous Underwater Vehicle)
- Liberty Resident ROV System
- Onshore Remote Operations Centers (OROCs)
- GDi Digital Platforms (Inform and Vision 3D)
- Manufactured Products
- DriX Uncrewed Surface Vessel
Quantifiable outcome
- ROV fleet uptime of 99%, supporting over 61,000 days of utilization in 2024
- +6 more outcomes
Companies that use Oceaneering
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
Oceaneering technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature7 records
Oceaneering partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major and core.
- Burullus Gas Company (Shell JV)majorOceaneering awarded an integrated offshore installation contract by Burullus Gas Company (a JV between EGPC and Shell Petroleum) for the West Delta Deep Marine gas field development offshore Egypt. Scope includes transportation, installation, and commissioning of a refurbished subsea umbilical and 2,000m thermoplastic composite pipe flowline at ~600m water depth. Operations on accelerated schedule to restore production.
- Astro Offshore (Adani Ports and Special Economic Zone Limited)coreAstro Offshore, the marine arm of India's Adani Group, partnered with Oceaneering to pursue specialized offshore and subsea opportunities across Europe. Astro Offshore acquired the Energy Savanah (renamed Astro Atlas), a 2021-built 97m DP2 vessel capable of 3,000m+ water depth, and deployed it under charter to Oceaneering for subsea construction, cable laying, and pipeline installation in Europe. Supports APSEZ's goal of a 200-vessel fleet and Rs 6,000 crore marine revenue by FY31 with Rs 13,000 crore capex.
- Strategic Technology Consulting (STC) / ArcfieldmajorSTC, a wholly owned subsidiary of Arcfield, was awarded a subcontract from Oceaneering to support design, build, test, and delivery of a maritime system for the U.S. Department of War. STC applies model-based systems engineering methods across the program lifecycle, with 398 system use cases developed as of January 2026. The three-year partnership culminated in Oceaneering's down-selection in early 2025.
- Seagate SpacecoreOceaneering and Seagate Space signed a Memorandum of Understanding to jointly develop offshore launch infrastructure for Seagate Space's Gateway platform, covering system development, engineering maturation, integration support, and production opportunities. Seagate Space received Approval in Principle from the American Bureau of Shipping — the first under ABS offshore spaceport requirements. Initial offshore missions targeted as early as 2027. Announcement formalized at the 2026 Space Symposium in Colorado Springs.
Scale indicators11 records
Recent moves7 records
Expansion highlights7 records
Oceaneering competitors and assessment
Company assessmentDirect peers
- Subsea 7: Subsea 7 is a leading global subsea engineering, construction, and services company with a large ROV fleet and SURF (subsea umbilicals, risers, flowlines) capabilities. It is directly comparable to Oceaneering in subsea robotics and offshore installation services for major energy operators.
- Helix Energy Solutions Group: Helix provides ROV services, well intervention, and subsea robotics to offshore oil and gas operators, including chartered vessel operations. Comparable to Oceaneering in both ROV-as-a-service and well intervention scopes.
- TechnipFMC: TechnipFMC is a major provider of subsea production systems and integrated subsea services for offshore energy. Comparable to Oceaneering's Offshore Projects Group and subsea hardware manufacturing, with overlapping ROV and installation capabilities.
- DOF Subsea: DOF Subsea provides subsea construction, inspection, maintenance, and repair (IMR) and ROV services using a fleet of offshore support vessels. Comparable to Oceaneering's Subsea Robotics and OPG segments, especially in the North Sea and Brazil.
Broad incumbents
- Saipem: Saipem is a large integrated offshore EPCI contractor with subsea installation, drilling, and offshore fabrication services. Comparable to Oceaneering at the project installation level, but operates a much broader portfolio across energy and infrastructure.
- McDermott International: McDermott is a global offshore engineering, procurement, construction, and installation (EPCI) contractor serving offshore energy. Comparable to Oceaneering's Offshore Projects Group in subsea and SURF installation scopes, but broader in scope and scale.
- Schlumberger (SLB): SLB is the world's largest oilfield services company with broad upstream capabilities including subsea intervention and digital solutions. Comparable to Oceaneering as a customer-overlap and capability-overlap incumbent in offshore services.
- Halliburton: Halliburton is a leading global oilfield services company with offshore drilling and subsea capabilities. Comparable to Oceaneering as a major offshore services incumbent serving many of the same energy operator customers.
Regional players
- Bibby Offshore (Bibby Marine): Bibby Offshore provides subsea construction, ROV, and survey services primarily in the North Sea and Europe. Comparable in scope to Oceaneering's Subsea Robotics services, with strong regional overlap especially in the UK and Norwegian sectors.
Emerging players
- Van Oord: Van Oord is a Dutch marine contractor with growing offshore wind installation and subsea cable laying capabilities. Comparable to Oceaneering's expansion into offshore renewables and subsea power cable installation through the Rosyth expansion.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Oceaneering social profiles
Digital presenceOceaneering financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oceaneering leadership team
Management profileNumber of profiles
Profiles10 records
Oceaneering subsidiaries and ownership
Company hierarchySubsidiaries3 records
Oceaneering funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oceaneering M&A and investment
M&A and investmentM&A15 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Oceaneering
What does Oceaneering do?
Oceaneering is a global provider of engineered services, robotic solutions, and manufactured products to the offshore oil and gas industry, defense agencies, and renewable energy markets. The company operates the world's largest fleet of work-class remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs), delivering subsea inspection, maintenance, repair, installation, and survey services. Operations are organized across four segments: Subsea Robotics, Offshore Projects Group, Aerospace and Defense Technologies (ADTech), and Manufactured Products.
Is Oceaneering a public or private company?
Oceaneering is a public company. It is classified as public and is currently operating.
When was Oceaneering founded?
Oceaneering was founded in 1964. It employs 5,001 to 10,000 people.
Where is Oceaneering based?
Oceaneering is headquartered in Houston, United States, in the North America region.
How does Oceaneering make money?
Four revenue lines are on record. Subsea Robotics are the primary driver. The others are offshore Projects Group (OPG), aerospace and Defense Technologies (ADTech) and manufactured Products.
Who are Oceaneering's main competitors?
Direct peers on record are Subsea 7, Helix Energy Solutions Group, TechnipFMC and DOF Subsea. Broad incumbents are Saipem, McDermott International, Schlumberger (SLB) and Halliburton. Bibby Offshore (Bibby Marine) is listed as a regional player. Van Oord is listed as an emerging player.
Does Oceaneering have an API?
No public API is recorded for Oceaneering.
What industry is Oceaneering in?
Oceaneering's product category is Subsea Robotics & Offshore Engineering Services. Its primary akta.pro industry code is IMAJAFAJ, Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning), with a secondary code of TLAHAMAL, Underwater Hull Services (Diving, In-Water Cleaning, Propeller Polishing, Inspection). Its NAICS code is 336611 and its SIC code is 3730.