Oceaneering International shares fall 1.85% intraday after signing a new framework agreement with Equinor.

Oceaneering International, Inc. declined 1.85% in intraday trading, despite the company announcing a new framework agreement with Equinor for Fabric Maintenance services. The contract, which begins in August 2025 and runs through July 2027, includes four additional one-year extension options, allowing for a potential total duration of six years. The scope of work will cover both onshore and offshore installations, including inspection, planning, advisory, and execution services across insulation, coatings, passive fire protection, structural access, and digital optimization.