Oceaneering to Present at Howard Weil 38th Annual Energy Conference

March 16, 2010 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today that T. Jay Collins, President and Chief Executive Officer, will deliver a presentation at the Howard Weil 38th Annual Energy Conference on Tuesday, March 23, 2010.

The presentation slides will be accessible after the close of the market on Friday, March 19, 2010, through the Investor Relations link at Oceaneering’s website, www.oceaneering.com. There will not be a webcast of the presentation.

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 1052

[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.]