Oceaneering International Inc Receives EUR 465,000 Grant for Floating Wind Cable Projects

Oceaneering International, Inc., a Houston-based company specializing in engineering services, has recently secured a EUR 465,000 grant to support its floating wind cable qualification projects. This funding, announced on August 14, 2025, underscores the company’s commitment to advancing renewable energy technologies. Oceaneering, listed on the New York Stock Exchange, operates within the energy equipment and services sector, offering a range of solutions including remotely operated vehicles, mobile offshore production systems, and deep water applications.

The grant is part of a broader initiative to enhance the capabilities of floating wind energy systems, a critical component in the transition to sustainable energy sources. Oceaneering’s expertise in engineering and product management positions it well to contribute to the development of these technologies, which are essential for harnessing wind energy in deep water environments.

Financially, Oceaneering International Inc. has shown resilience, with a close price of $22.36 on August 12, 2025. The company’s market capitalization stands at $2.17 billion, reflecting its significant presence in the energy sector. Despite fluctuations, the stock has experienced a 52-week high of $30.98 and a low of $15.46, indicating a dynamic market environment.

In addition to the grant news, Oceaneering is preparing for its 45th Annual General Meeting, scheduled for September 9, 2025. The meeting will be conducted via video conferencing, with details regarding the book closure, cut-off date, and dividend information to be communicated to shareholders.

Oceaneering’s diverse service offerings extend beyond renewable energy, serving industries such as defense, entertainment, material handling, aerospace, and science. For more information on their services and projects, stakeholders can visit their website at www.oceaneering.com .