- CEO
- Steven R. Springsteel
- Full Time Employees
- 1,550
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- 2500 CityWest Boulevard Houston TX United States of America 77042
- IPO Date
- Dec 14, 2006
- Business
- Cal Dive International, Inc. (CDVIQ) operates as a marine contractor providing specialized subsea services to the offshore oil and natural gas industry, including manned diving, pipelay and pipe burial, platform installation and salvage, and light well intervention. The company maintains a fleet of dive support vessels and construction barges to support construction, inspection, maintenance, repair, and decommissioning of offshore production and pipeline infrastructure. Founded in 1975 and headquartered in Houston, Texas, Cal Dive conducts operations across the Gulf of Mexico Outer Continental Shelf, Northeastern United States, Latin America, Southeast Asia, China, Australia, West Africa, the Middle East, and Europe. In March 2015, the company, along with key U.S. affiliates such as Cal Dive Offshore Contractors, Inc. and Gulf Offshore Construction, Inc., filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware, listing assets of approximately $9.4 million against liabilities exceeding $291 million; its foreign subsidiaries continued independent operations outside the proceedings. Post-bankruptcy, Cal Dive secured a $120 million debtor-in-possession facility from senior secured lenders and engaged advisors for asset sales and restructuring, though its stock trades at minimal value with no reported recent acquisitions, partnerships, funding rounds, or operational expansions as of late 2025.