Oceaneering International Awarded Contract by Andarko Mocambique Area 1
Oceaneering International, Inc. (OII) announced on June 18 that the company was awarded a contract from Andarko Mocambique Area 1. Oceaneering will supply umbilicals, distribution hardware, and aftermarket services under the terms of the contract. OII provides engineered services and products for the global offshore energy industry.
Sonal issued an alert about the event at 5:30 pm. The stock opened for the day at $17.80. Oceaneering’s stock price moved higher following the event and remained at those levels over the next four trading sessions. The stock closed at $19.05 on June 25 for a gain of 7%.
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