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05 September 2025

Daily Newsletter

05 September 2025

Equinor awards fabric maintenance contract to Oceaneering

The contract runs through July 2027, with four additional one-year extension options.

Rachana Saha September 04 2025

US-based subsea engineering and applied technology company Oceaneering International has announced a new framework agreement with Norwegian energy operator Equinor.

The contract, which will extend through July 2027, was secured by Oceaneering’s Norwegian subsidiary, Oceaneering Asset Integrity.

It includes options for four additional one-year extensions, potentially spanning a total of six years.

The agreement involves a comprehensive scope of work, focusing on risk awareness and asset integrity for onshore and offshore installations.

Services encompass planning, inspection, advisory and execution tasks related to insulation, coatings, passive fire protection, structural access and digital optimisation.

Oceaneering said all works will be carried out in adherence to Equinor's operational and regulatory standards.

Oceaneering's approach to asset integrity management aims to lessen downtime and enhance operational efficiency. This is achieved by integrating expert engineering, software platforms and inspection technology.

Oceaneering International Integrity Management and Digital Solutions Scandinavia director Erlend Fremstad said: “We are proud to expand our collaboration with Equinor through this new agreement.

“Our team is committed to delivering high-quality, risk-informed maintenance services that support the long-term integrity and safety of Equinor’s installations.”

In August 2025, Oceaneering's Brazilian subsidiary, Marine Production Systems, secured multiple subsea robotics contracts from Petrobras, with expected revenues of around $180m (980.65m reais).

These contracts, which include remotely operated vehicle services and other specialised tasks, are due to start between the third quarter of 2025 (Q3 2025) and Q1 2026.

Additionally, in July 2025, two of Oceaneering’s subsidiaries, Oceaneering Angola and Oceaneering Marine Technologies, were awarded a contract by Esso Exploration Angola, an affiliate of ExxonMobil, for the provision of various services.

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