Forum Energy Technologies Inc - Company Profile
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Forum Energy Technologies Inc (FET) is an energy equipment provider that carries out the design, manufacturing, and distribution of engineered capital equipment and consumable products. It also provides aftermarket services, parts supply, and related services complementing its product offering. The company's product line includes drilling manifold systems, high-pressure piping packages, downhole protection systems, casing and cementing tools, subsea vehicles, coiled tubing strings, cranes, and related products. FET serves oil and natural gas operators, oilfield service companies, land and offshore drilling contractors, pipeline, and refinery operators, and subsea construction and service companies. It operates in the Americas, Europe, the Middle East, and Asia Pacific. FET is headquartered in Houston, Texas, the US.
Products and Services
Products | Services | Brands |
---|---|---|
Drilling: | Refurbishment | Syntech |
Pipe Handling Equipment | Recertification | Wrangler Roughneck |
Mud SystemsFluid End Systems | B+V Oil Tools and Wrangler | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Acquisitions/Mergers/Takeovers | In January, the company acquired Variperm Energy Services. |
2023 | Regulatory Approval | In December, the company secured approval from the Canadian Competition Bureau to acquire Variperm Energy Services. |
2023 | Contracts/Agreements | In March, the company received an approximately US$25 million contract for the design, engineering, and supply four electrostatic desalter systems for an onshore project at the Safaniyah oil field in Saudi Arabia. |
Competitor Comparison
Key Parameters | Forum Energy Technologies Inc | Caterpillar Inc | Tenaris SA | NOV Inc | TechnipFMC Plc |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | Luxembourg | United States of America | United Kingdom |
City | Houston | Irving | Luxembourg | Houston | London |
State/Province | Texas | Texas | - | Texas | England |
No. of Employees | 1,600 | 113,200 | 25,292 | 33,676 | 22,762 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
C. Christopher Gaut | Chairman | Executive Board | 2018 | 66 |
Neal Lux | Chief Executive Officer; President; Director | Executive Board | 2022 | 47 |
D. Lyle Williams, Jr | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | 53 |
John C. Ivascu | Chief Compliance Officer; Executive Vice President; Secretary; General Counsel | Senior Management | 2020 | 45 |
Michael D. Danford | Chief Human Resources Officer; Senior Vice President | Senior Management | 2015 | 60 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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