Search results for: forum-energy-technologies

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  • 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 […]

  • 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 […]

  • 24 July 2015
    Business & Finance, Operations & Maintenance

    Forum Energy Technologies announced second quarter 2015 revenue of $284 million, a decrease of $144 million, or 34%, from the second quarter 2014. Net income for the quarter was $9 million or $0.10 per diluted share compared to $40 million or $0.41 per diluted share for the prior year period. Excluding $0.06 per share of […]

  • 28 July 2014
    Business & Finance, Equipment

    Forum Energy Technologies, Inc. has announced second quarter 2014 revenue of $428 million compared to $368 million for the second quarter 2013. Net income for the quarter was $40 million or $0.41 per diluted share compared to $30 million or $0.32 per diluted share for the prior year period. Included in the second quarter 2014 results […]

  • 7 February 2014

    Forum Energy Technologies, Inc. today announced fourth quarter 2013 revenue of $394 million compared to $330 million for the fourth quarter 2012. Net income for the fourth quarter was $35 million or $0.36 per diluted share compared to $24 million or $0.26 per diluted share for the prior year period. Included in the fourth quarter […]

  • 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 […]

  • 15 July 2013
    Business & Finance, Project & Tenders

    Forum Energy Technologies, Inc. announced that it acquired Moffat 2000 Ltd. (“Moffat”), a leading manufacturer of subsea pipeline inspection gauge launching and receiving systems, and subsea connectors. Moffat is based in Newcastle, England. Cris Gaut, Forum’s Chairman and Chief Executive Officer, commented, “Moffat is a complementary addition to our Subsea Technologies’ product offering. Moffat’s products […]

  • 8 January 2014

    Forum Energy Technologies, Inc. has announced the appointment of Prady Iyyanki to the position of Chief Operating Officer. In this newly created role, he will be responsible for leading Forum’s global operations and driving growth and operational excellence across the organization. Prady will be based in Houston, Texas. Cris Gaut, Forum’s Chairman and Chief Executive […]

  • 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 […]

  • 11 February 2015
    Equipment

    The world’s largest manufacturer of underwater remotely operated vehicles (ROVs) will launch its latest generation subsea robotic system at Subsea Expo in Aberdeen this week. Forum Energy Technologies will unveil the XLX-C ROV – described by the company as a highly capable work-class vehicle that is more compact than the highly successful XLX model but […]

  • 16 May 2012
    Business & Finance, Equipment

    Houston based Forum Energy Technologies, Inc. announced today the successful testing of its subsea Blowout Preventer Actuation Tool (BOP-AT) on a live well off the coast of West Africa at a water depth of over 1000 meters. The tool closes the blow out preventer remotely using only the power provided by a remotely operated vehicle […]

  • 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 […]

  • 21 October 2013

    Forum Energy Technologies, Inc. announces that William (Bill) Boyle has been appointed Senior Vice President – Subsea Technologies. In this role, he will be responsible for Forum’s global subsea business which includes the widest range of remotely operated vehicles (ROVs) in the industry, as well as other products and services critical to the subsea sector. […]

  • 26 April 2013
    Business & Finance, Operations & Maintenance

    Forum Energy Technologies, Inc. announced first quarter 2013 revenue of $373 million compared to $363 million for the first quarter 2012. Net income for the first quarter 2013 was $32 million, down from the first quarter 2012 net income of $42 million. Diluted earnings per share for the first quarter 2013 were $0.34, compared to […]

  • 9 May 2018
    Operations & Maintenance, Technology

    On 23 April, University of Limerick (UL) launched a EUR 2 million Remotely Operated Vehicle (ROV), delivered by Forum Energy Technologies and fine-tuned by researches from UL’s Centre for Robotics and Intelligence Systems. The ROV will be used for inspection, repair and maintenance of underwater parts of offshore renewable energy structures. 

  • 6 July 2011
    Business & Finance, Operations & Maintenance

    Forum Energy Technologies announced today the acquisition of Cannon Services, Ltd. , a leading supplier of downhole completion control lines and cable protection systems. Cannon, based in Stafford, Texas, was founded twenty-five years ago by Jim Cannon and is a global provider of standard and specialized downhole clamps and protectors used worldwide by oil and […]

  • 13 November 2012
    Equipment

    Forum Energy Technologies, Inc., has signed a contract with Cummings Consulting, Inc. (Cummings). Under the contract, FET will supply two complete Sub-AtlanticTM Mojave Remotely Operated Vehicle (ROV) systems. Both of the Mojave ROVs will be equipped with job specific tooling systems such as; electric winches, touch screen control monitors, Sub-can Control Systems, sonar, color and […]

  • 30 October 2018
    Business & Finance, Equipment

    Forum Energy Technologies recorded loss in the third-quarter 2018 of $3 million, or 3 cents per diluted share, compared to net loss of $15 million, or 14 cents per diluted share, for the prior-year comparable period. Sequentially, Forum narrowed its losses, also from loss of 15 cents per share, despite revenue drop of $7 million. […]

  • 4 January 2018
    Business & Finance

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

  • 16 May 2016
    Equipment, Project & Tenders

    Forum Energy Technologies has delivered a number of its subsea pig launchers and receivers (PLRs) and laydown heads for a project in North Africa. The nine PLRs have been deployed as part of a development of nine subsea wells, which vary from 4 to 24 inches in size, with water depths ranging from 300 to 800 meters, […]

  • 8 July 2011
    Business & Finance, Project & Tenders

      Forum Energy Technologies, Inc. announced the acquisition of SVP Products Inc., a leading provider of high pressure flow control equipment and products utilized in hydraulic fracturing and flow back of oil and gas wells. The company sells Forum’s Wood Flowline and Phoinix product lines, including swivels, plug valves, relief valves, chokes, pup joints and […]

  • 30 October 2012

    Forum Energy Technologies, Inc. has announced the signing of a contract with Global Marine Systems Limited, Ltd.  Under the contract, Forum will supply a PerryTM XT 600 Trenching System, complete with Launch & Recovery System and special tooling. The trencher provides three meter ROV burial capability on the ocean floor. Also included in the scope […]