Update SharePoint Online SPO List data with Powershell 3.0?

Is this possible? Is there an add-in for SPO (other than Powershell Online Management shell )

Will want to be able to do something like this with SPO at some point?

$csv = Import-Csv c:\mydept.csv
$list = (Get-SPSite "http://mytenant.sharepoint.com/sites/cool").OpenWeb().Lists["deptartments"]
foreach ($row in $csv) {
    $item = $list.GetItemById(row.id);
    $item["DIV_DESC"] = $row.DIV_DESC;
    $item.Update();
}

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Thank You
cyberpine.com