Oceaneering acquires Spectrum Sales & Services

June 18, 2014

Oceaneering International, Inc. announced on 17 June that it has acquired Spectrum Sales & Services LLC, a nondestructive examination company that has developed subsea pipeline inspection technology based on the use of Electro Magnetic Acoustic Transducer (EMAT) technology.

Spectrum currently serves the oil and gas, petrochemical, and power industries primarily in the Gulf Coast region of the United States. Spectrum’s revenue for 2013 was approximately $4 million.

This acquisition adds the EMAT service line to Oceaneering’s asset integrity business segment, which Oceaneering intends to grow by leveraging its global footprint.



Current News

Triangle Energy Shuts Cliff Head Alpha Output Citing Electrical Fault

Triangle Energy Shuts Cliff Head Alpha Output Citing Electrical Fault

Oslo on Monday: 45 Oil Stocks Rattled

Oslo on Monday: 45 Oil Stocks Rattled

Saipem Urges Workers in Italy to Stay at Home Amid Coronavirus Outbreak

Saipem Urges Workers in Italy to Stay at Home Amid Coronavirus Outbreak

U.S. Weekly Offshore Rig Count Dips

U.S. Weekly Offshore Rig Count Dips

Subscribe for OE Digital E‑News

Offshore Engineer Magazine