Oceaneering International, Inc. Common Stock (OII)
Competitors to Oceaneering International, Inc. Common Stock (OII)
Baker Hughes Company
Baker Hughes is a prominent player in the oilfield services sector, providing various technologies and services that compete with Oceaneering’s offerings, particularly in the subsea domain. Due to Baker Hughes' extensive experience and resources in oilfield technology and servicing, they often secure major contracts that may limit Oceaneering's market share in specific areas. Baker Hughes leads in technology innovation and has a greater financial capacity for large-scale investments, giving it a competitive advantage.
Fugro N.V.
Fugro specializes in geotechnical, survey, and subsea services similar to those offered by Oceaneering. Both companies operate in the marine sector and provide services that utilize advanced technology for data collection and analysis. However, Fugro's strong focus on geospatial and survey solutions coupled with their international presence gives them a comparative advantage in surveying operations, making them a formidable competitor in the offshore market.
Helix Energy Solutions Group, Inc. HLX -11.29%
Helix Energy Solutions focuses on providing oil and gas services with an emphasis on offshore well intervention and production, similar to Oceaneering. Both companies offer subsea services and utilize advanced technology to enhance operational efficiency. Helix may have a slight competitive advantage over Oceaneering in terms of established operations for well intervention, while Oceaneering is strong in remotely operated vehicles (ROVs) and marine engineering.
Subsea 7 S.A.
Subsea 7 is a global leader in seabed-to-surface engineering and construction, specializing in complex offshore projects. Their extensive network and capabilities in subsea engineering give them a competitive advantage in larger scale projects, which can pose a challenge for Oceaneering. Both companies leverage technology and innovation, but Subsea 7's robust international presence and larger portfolio of installed subsea infrastructure provide them an upper hand in significant oil and gas markets.
TechnipFMC PLC FTI -9.60%
TechnipFMC operates across the oil and gas value chain, offering integrated solutions for subsea and surface projects. While Oceaneering specializes in robotics and marine services, TechnipFMC's larger scale operations enable them to manage comprehensive projects, presenting a competitive challenge. Their broad service offerings along with their engineering capabilities often give TechnipFMC a competitive edge in securing larger contracts in the offshore and subsea markets.