Search results for: forum energy technolgies

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  • 26 May 2020
    Operations & Maintenance, Technology

    Forum Energy Technologies’ remotely operated vehicle (ROV), the Perry XLX-C, has completed harbour trials in Vietnam. The harbour trials followed commissioning and factory acceptance test which took place at Forum’s test tank in Kirbymoorside, Yorkshire, UK. The vehicle is the compact derivative of the XLX work-class ROV. The hydraulic ROV has a depth rating of […]

  • 8 May 2020
    Business & Finance, Equipment, Technology

    Forum Energy Technologies has recorded loss in the first quarter 2020 of $37 million, or 33 cents per diluted share, compared to loss of $8 million, or $7 cents per diluted share, for the prior-year comparable period. Sequentially, Forum widened its loss from $11 cents per diluted share, with revenue decrease of $17 million. For […]

  • 22 December 2014
    Equipment

    Sub-Atlantic has secured three international contracts with a combined value of over £3.5 million for the manufacture of three specialist remotely operated vehicles (ROVs). The firm will provide IKM Subsea in Norway, Italy’s Globe Exploration and Total Marine Technology of Australia with observation class vehicles that are used across the offshore energy and defense industries. […]

  • 21 May 2012

    PGNiG Technologie Sp.z o.o. (Naftomet Branch) has entered into another contract with Orlen Upstream for the supply of shale gas production equipment. The contract, providing for the manufacture of six compact wellhead and christmas tree systems, will be performed in the coming months. The compact system designed specifically to produce gas from shale formations was […]

  • 1 July 2020
    Business & Finance

    Forum Energy Technologies has, as part of its continuing cost reduction plan, reduced and reorganized the corporate executive team. Changes to the executive team will be effective July 10, 2020. D. Lyle Williams Jr., who joined Forum in 2007, will be the executive vice president and chief financial officer. Most recently he served as Forum’s senior vice […]

  • 10 February 2017
    Business & Finance, Equipment

    Forum Energy Technologies recorded net loss in the fourth quarter of $13 million, or $0.14 per diluted share, compared to net loss of $167 million, or $1.81 per diluted share, for the prior-year period. Sequentially, net loss also narrowed from $18 million, or 20 cents per diluted share. The Houston-based oilfield products company generated revenue […]

  • 8 April 2020

    ITH Bolting Technology is the worldwide leading system supplier for tension and torque tools for tightening and loosening bolted joints bigger than M16 (2/8”). As a private-owned engineering company with long-term business-strategy the worldwide distribution network includes twelve ITH-subsidiaries and more than 40 global representations. Leading innovation With more than 200 international patents ITH is […]

  • 26 July 2019
    Business & Finance, Equipment

    Forum Energy Technologies recorded loss in the second-quarter 2019 of $14 million, or $12 cents per diluted share, compared to loss of $15 million, or $14 cents per diluted share, for the prior-year comparable period. Sequentially, Forum widened its loss from $7 cents per diluted share, with revenue decrease of $26 million. For the second […]

  • 8 December 2017
    Business & Finance, Equipment

    Ashtead Technology and Forum Energy Technologies, Inc. have agreed to form a joint venture, creating a provider of subsea survey and ROV equipment rental and associated services. The business, which will be named Ashtead Technology, will be supported by a team of 120 skilled personnel. The joint venture is anticipated to be completed during the […]

  • 31 July 2018
    Business & Finance, Equipment

    Forum Energy Technologies recorded loss in the second-quarter 2018 of $15 million, or 14 cents per diluted share, compared to net loss of $78 million, or 81 cents per diluted share, for the prior-year comparable period. Sequentially, Forum slipped into red from profit of 25 cents per share. The Q2 2018 loss before special items […]

  • 28 April 2017
    Business & Finance, Equipment, Operations & Maintenance

    Forum Energy Technologies recorded net loss in the first-quarter 2017 of $16 million, or 16 cents per diluted share, compared to net loss of $23 million, or 25 cents per diluted share, for the prior-year period. Sequentially, net loss widened from $13 million, or 14 cents per diluted share. The Houston-based oilfield products company generated […]

  • 15 June 2016
    Equipment

    Subsea technology provider, Forum Energy Technologies, has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen. Forum said in a statement on Wednesday that its indoor test tank will be used for testing subsea tooling and survey sensors as well as work-class remotely operated […]

  • 9 May 2014
    Business & Finance, Equipment, Technology

    Sacred Heart University’s Biology Department, in collaboration with DuPont and the Connecticut Audubon Society (CAS), is beginning an innovative and experimental “living shoreline” installation at Stratford Point in Stratford, as part of a multi-year coastal habitat restoration project. This project was reviewed and approved by the Connecticut Department of Energy and Environmental Protection (CTDEEP), Office […]

  • 22 August 2019
    Business & Finance, Equipment

    Forum Energy Technologies’ subsidiaries have entered into a definitive agreement to sell their 40% interest in subsea rentals company Ashtead Technology. The buyers of Forum’s interest are Buckthorn Partners and other investors that currently own the majority of the equity interests in Ashtead. Total consideration for Forum’s interest and the settlement of a Forum GBP […]

  • 8 May 2015
    Authorities & Government, Business & Finance, Research & Development, Technology

    The forum is created to support teams, investors, and contributors interested in forming partnerships for participating in Wave Energy Prize competition. The forum serves as a ‘classified ad’ section, and can be used by teams or individuals to advertise needs for additional expertise to round out their team skill sets and talents. Individuals and/or organizations with […]

  • 20 April 2016

    The 10th Bristol Tidal Energy Forum will provide an opportunity to hear from experts and industry leaders from tidal energy sector, while offering updates on tidal energy developments.

  • 28 February 2011

      Iran’s governor for OPEC Mohammad Ali Khatibi reported of signing a new charter for International Energy Forum (IEF). It’s worth mentioning that Islamic Republic of Iran elected as the permanent member of the Forum’s executive committee. According to the report of the public relations of the NIGC, he said that 87 members out of […]

  • 13 October 2011
    Business & Finance, Operations & Maintenance

      Forum Energy Technologies (FET) announces that it has opened an office outside Rio de Janeiro to better serve its customers operating in the growing Brazilian market. The new office is a continuation of Forum’s strategy to broaden its global footprint and to improve its ability to respond to customers operating in this burgeoning offshore […]

  • 4 January 2018
    Business & Finance

    Ashtead Technology has completed its joint venture with Forum Energy Technologies, Inc. with effect from January 3, 2018.

  • 15 November 2011
    Business & Finance

    Forum Energy Technologies, Inc. has announced signing of an exclusive five-year supply agreement with Canyon Offshore (Canyon). Under the agreement, Forum will be the exclusive provider to Canyon of work-class ROVs and Trenchers. This agreement was initiated with the award of two Perry XLX-200 work-class ROV systems, scheduled for delivery in the second quarter of […]

  • 8 December 2017
    Business & Finance, Equipment, Operations & Maintenance

    Ashtead Technology and Forum Energy Technologies have agreed to form a joint venture to create subsea survey and ROV equipment rental and associated services. Forum will contribute its subsea rentals business, currently trading as Forum Subsea Rentals. The combined group, with a rental fleet of 19,000 assets valued in excess of USD 139 million will […]

  • 11 June 2018
    Equipment, Project & Tenders

    Forum Energy Technologies has appointed Seascape Subsea Technology as a new single distributor for its fleet of subsea vehicles across The Netherlands and Belgium. Seascape Subsea Technology will represent Forum Energy Technologies for the sale of the company’s range of remotely operated vehicles (ROVs) in the two countries, including its recently launched electric ROV, the […]