{"id":879,"date":"2015-08-10T12:02:39","date_gmt":"2015-08-10T12:02:39","guid":{"rendered":"https:\/\/www.viperinnovations.com\/?p=879"},"modified":"2020-03-03T12:45:55","modified_gmt":"2020-03-03T12:45:55","slug":"oceaneering-international-acquires-equity-interest-in-viper-subsea","status":"publish","type":"post","link":"https:\/\/www.viperinnovations.com\/oceaneering-international-acquires-equity-interest-in-viper-subsea\/","title":{"rendered":"Oceaneering International Acquires Equity Interest in Viper Subsea"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 has-pattern-background has-mask-background no-vert-padding nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-padding-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-margin-top:0px;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-widget-area awb-widget-area-element fusion-widget-area-1 fusion-content-widget-area\" style=\"--awb-title-color:#002955;--awb-padding:0px 0px 0px 0px;\"><div id=\"menu-widget-3\" class=\"widget menu\"><style type=\"text\/css\">#menu-widget-3{text-align:center;}#fusion-menu-widget-3 li{display:inline-block;}#fusion-menu-widget-3 ul li a{display:inline-block;padding:0;border:0;color:#002d59;font-size:0.867rem;}#fusion-menu-widget-3 ul li a:after{content:\"\";color:#002d59;padding-right:35px;padding-left:35px;font-size:0.867rem;}#fusion-menu-widget-3 ul li a:hover,#fusion-menu-widget-3 ul .menu-item.current-menu-item a{color:#002d59;}#fusion-menu-widget-3 ul li:last-child a:after{display:none;}#fusion-menu-widget-3 ul li .fusion-widget-cart-number{margin:0 7px;background-color:#002d59;color:#002d59;}#fusion-menu-widget-3 ul li.fusion-active-cart-icon .fusion-widget-cart-icon:after{color:#002d59;}<\/style><nav id=\"fusion-menu-widget-3\" class=\"fusion-widget-menu\" aria-label=\"Secondary navigation\"><ul id=\"menu-tertiary-menu\" class=\"menu\"><li id=\"menu-item-165\" class=\"subsea-item menu-item menu-item-type-post_type menu-item-object-page menu-item-165\"><a href=\"https:\/\/www.viperinnovations.com\/subsea-oil-gas\/\">Subsea Oil &#038; Gas<\/a><\/li><li id=\"menu-item-164\" class=\"railways-item menu-item menu-item-type-post_type menu-item-object-page menu-item-164\"><a href=\"https:\/\/www.viperinnovations.com\/railways\/\">Railways<\/a><\/li><li id=\"menu-item-163\" class=\"industrial-item menu-item menu-item-type-post_type menu-item-object-page menu-item-163\"><a href=\"https:\/\/www.viperinnovations.com\/industrial\/\">Industrial<\/a><\/li><\/ul><\/nav><\/div><div class=\"fusion-additional-widget-content\"><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-parallax-none post-header-container page-hero nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-image:linear-gradient(120deg, rgba(0,45,89,0.6) 0%,rgba(255,255,255,0) 100%);;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/www.viperinnovations.com\/wp-content\/uploads\/Helicopter-Delivery-to-Ship.jpg\" data-bg-gradient=\"linear-gradient(120deg, rgba(0,45,89,0.6) 0%,rgba(255,255,255,0) 100%)\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first\" style=\"--awb-bg-size:cover;--awb-margin-top:0px;--awb-margin-bottom:0px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:6.667rem;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:6.667rem;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-no-small-visibility fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:5.333rem;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div>\n<\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 full-padding nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-first fusion-column-no-min-height\" style=\"--awb-bg-size:cover;--awb-margin-top:0px;width:65.3333%; margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-1 fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top:0px;--awb-margin-bottom:1.333rem;--awb-margin-top-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:46.461;line-height:1.3;\">Oceaneering International Acquires Equity Interest in Viper Subsea<\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container\"><div class=\"title-sep sep-double sep-solid\" style=\"border-color:#e0dede;\"><\/div><\/div><\/div><div class=\"fusion-title title fusion-title-2 fusion-title-text fusion-title-size-four\" style=\"--awb-margin-top:0px;--awb-margin-bottom:1rem;--awb-margin-bottom-small:1rem;\"><h4 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:19.261;--minFontSize:19.261;line-height:1.5;\">August 10, 2015<\/h4><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container\"><div class=\"title-sep sep-double sep-solid\" style=\"border-color:#e0dede;\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div>\n<div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-top:0px;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p>Oceaneering International Services Ltd has acquired a minority equity interest in Viper Subsea Technology. Oceaneering International Services Ltd is a UK based subsidiary of Oceaneering International Inc, a NYSE listed company and is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deep-water applications.<\/p>\n<p>The deal was completed on the 7th August and Neil Douglas, Managing Director of Viper Subsea Technology said \u201cThis is an ideal opportunity to accelerate the growth and the global reach of Viper Subsea\u2019s innovative products and services. Oceaneering is a widely respected company with a great reputation whose products and offerings complement our own and this is clearly an important strategic step for us. Our technology and capability will also provide significant pull-through for Oceaneering,\u201d he continues \u201cThere will be no change in the day to day management team or management structure of Viper Subsea. We have a successful and highly experienced team in place who will continue to drive the development of Viper Subsea forward.\u201d<\/p>\n<p>Viper Subsea was established in 2007 by Neil Douglas and Max Nodder. The company\u2019s team of highly skilled engineers design and supply hydraulic, chemical, and electrical subsea distribution systems and equipment, as well as offering a range of engineering consultancy services. A portfolio of patents reflects the company\u2019s investment in Research and Development. Of particular note is the innovative V-LIFE system, a solution to one of subsea engineering\u2019s most common problems \u2013 the degradation of insulation resistance in subsea cables, umbilicals and connectors. The breakthrough technology is saving the subsea industry millions by avoiding intervention and equipment replacement costs. V-LIFE has successfully been used to resurrect completely failed systems allowing fields to recommence hydrocarbon production.<\/p>\n<p>Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deep-water applications. Through the use of its applied technology expertise, Oceaneering also serves the defence, entertainment, and aerospace industries.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oceaneering International Acquires Equity Interest in Viper Subsea - Viper Innovations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.viperinnovations.com\/oceaneering-international-acquires-equity-interest-in-viper-subsea\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oceaneering International Acquires Equity Interest in Viper Subsea - 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