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Stock impact report

Oceaneering Provides Operations Update on Panama City Facility

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: PR Newswire
HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) is providing the following operations update on its manufacturing facility in Panama City, Florida and its recovery from Hurricane Michael.Roderick A. Larson, Oceaneering's President and Chief Executive Officer, stated, "Exceeding our own expectations, production activities at our Panama City facility have resumed.  Subsea hardware load-outs are in progress, and umbilical deliveries are scheduled to begin this week.  "Our production equipment has undergone extensive testing and is mostly operational.  We do, however, expect repair work to continue through the end of December.  We continue to believe that, on balance, we fared well relative to the severity of the storm."Once again, we thank our employees, customers, vendors and the Panama City community as we continue to support each other."Statements in this press release that express a belief, expectation or intention, as well as those th Show less Read more
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