This paper introduces a review and literature study of offshore engineering and constructions from 1920s to 2000s. The study was focused on the literature survey and the history of Brawn & Root and J. Ray McDermott in the Gulf of Mexico and other offshore areas. The fluctuations of oil and gas prices have been strongly influenced the development of offshore industry since its very beginning. Scientific projects on the space and under the earth had played very important roles in offshore development in 1950s and 1960s. Deepwater developmentshave been influenced by the computer assisted analysis and design in 1970s and 1980s. Innovative technology provided continuous developments of deepwater structures in 1990 and after.