-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QiGNekAZNMTc9nZOxSKBW6fb+SToZl732VdwtiZwHj9h/npLRvNt4t0OFByccIpr XUgfjwqLfF6bL1nJ1vUWHw== 0001193125-07-074104.txt : 20070404 0001193125-07-074104.hdr.sgml : 20070404 20070404123603 ACCESSION NUMBER: 0001193125-07-074104 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070404 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20070404 DATE AS OF CHANGE: 20070404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OCEANEERING INTERNATIONAL INC CENTRAL INDEX KEY: 0000073756 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 952628227 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10945 FILM NUMBER: 07747782 BUSINESS ADDRESS: STREET 1: 11911 FM 529 CITY: HOUSTON STATE: TX ZIP: 77041 BUSINESS PHONE: 713-329-4500 MAIL ADDRESS: STREET 1: 11911 FM 529 CITY: HOUSTON STATE: TX ZIP: 77041 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM 8-K

 


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 4, 2007

 


OCEANEERING INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 


 

Delaware   1-10945   95-2628227

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

11911 FM 529

Houston, TX

  77041
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (713) 329-4500

N/A

(Former name or former address, if changed since last report)

 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 7.01 Regulation FD Disclosure.

On April 4, 2007, T. Jay Collins, our Chief Executive Officer, will speak to investors and industry analysts at the 35th Annual Howard Weil Energy Conference in New Orleans, LA. The presentation is available for viewing by using the Investor Relations link on our web site www.oceaneering.com.

Please note that certain information contained in the presentation, as well as certain written and oral statements made or incorporated by reference from time to time by us or our representatives in our reports and filings with the Securities and Exchange Commission, news releases, conferences, teleconferences, web postings or otherwise, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995 and are subject to the “Safe Harbor” provisions of those statutes. Forward-looking statements are generally accompanied by words such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “plan,” “forecast,” “budget,” “goal” or other words that convey the uncertainty of future events or outcomes. Among other items, the forward-looking statements include statements about:

 

   

our pricing will improve;

 

   

we will benefit from added capacity;

 

   

our earnings outlook for 2007, including operating income for ROVs, Subsea Products, Subsea Projects and MOPS;

 

   

future floating rig new builds;

 

   

ROV expansion opportunities and 2007 outlook for increased days on hire and higher average pricing;

 

   

the market outlook for deepwater and subsea completion activity;

 

   

forecasted umbilical and tree control hardware capital expenditures by the offshore oil and gas industry;

 

   

future Gulf of Mexico subsea tree installations;

 

   

favorable demand for deepwater inspection, maintenance and repair and hurricane damage work in our Subsea Projects segment;

 

   

our projected 2007 Cash Flow from Operations (as defined and reconciled to GAAP measures in the Appendix to the presentation);

 

   

our projected 2007 EBITDA (as defined and reconciled to GAAP measures in the Appendix to the presentation);

 

   

worldwide umbilical market overview, including forecast for 2007 – 2009; and

 

   

subsea hardware outlook for 2007 – 2009.

These forward-looking statements are based on our current information and expectations that involve a number of risks, uncertainties, and assumptions. Among the factors that could cause the actual results to differ materially from those indicated in the forward-looking statements are:

 

   

worldwide demand for oil and gas;

 

   

general economic and business conditions and industry trends;

 

   

the ability of the Organization of Petroleum Exporting Countries, or OPEC, to set and maintain production levels and pricing;

 

   

the level of production by non-OPEC countries;

 

   

domestic and foreign tax policy;

 

   

laws and governmental regulations that restrict exploration and development of oil and gas in various offshore jurisdictions;

 

   

rapid technological changes;

 

   

the political environment of oil-producing regions;

 

   

the price and availability of alternative fuels; and

 

   

overall economic conditions.

Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. For additional information regarding these and other factors that could cause our actual results to differ materially from those expressed in our forward-looking statements, see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2006.

We do not undertake any obligation to update or revise any of our forward-looking statements, whether as a result of new information, future events or otherwise.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  OCEANEERING INTERNATIONAL, INC.
Date: April 4, 2007   By:  

/s/ MARVIN J. MIGURA

    Marvin J. Migura
    Senior Vice President and Chief Financial Officer
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