Oceaneering to Participate at Simmons & Co. Ninth Annual Energy Conference

February 26, 2009 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today that T. Jay Collins, President and Chief Executive Officer, will be a participant on the Small Cap Oil Service Panel at the Ninth Annual Energy Conference hosted by Simmons & Company in Las Vegas, NV on Thursday, March 5, 2009 at 2:15 p.m. Pacific Time.

The conference handout will be accessible after the close of the market on Tuesday, March 3, 2009, through the Investor Relations link at Oceaneering’s website, www.oceaneering.com.  There will be no webcast of the panel discussion.

Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications.

For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713‑329‑4670; Fax 713‑329‑4653; www.oceaneering.com; E-Mail investorrelations@oceaneering.com.

PR 1025

[The use in this release of such terms as Oceaneering, company, group, organization, we, us, our, and its, or references to specific entities, is not intended to be a precise description of corporate relationships.]