Oil States International, Inc. (OIS): Análisis PESTLE [Actualizado en enero de 2025]

En el mundo de alto riesgo de Global Energy, Oil States International, Inc. (OIS) navega por un paisaje complejo donde se cruzan las tensiones geopolíticas, las innovaciones tecnológicas y los desafíos ambientales. Este análisis integral de mano presenta la intrincada red de factores que dan forma a las decisiones estratégicas de la compañía, desde obstáculos regulatorios en regiones sensibles hasta las presiones transformadoras de las tendencias de energía renovable. Coloque profundamente en la dinámica multifacética que definen el ecosistema operativo de OIS, donde cada desafío presenta una oportunidad para la adaptación estratégica y el crecimiento sostenible.

Oil States International, Inc. (OIS) - Análisis de mortero: factores políticos

Regiones geopolíticamente sensibles

Oil States International opera en múltiples regiones políticamente complejas con importantes desafíos de infraestructura energética. Las regiones operativas clave incluyen:

Región	Nivel de riesgo político	Índice de estabilidad política actual
Oriente Medio	Alto	4.2/10
África del Norte	Moderado	5.7/10
América Latina	Moderado a alto	5.1/10

Paisaje regulatorio

La compañía enfrenta entornos regulatorios complejos en múltiples jurisdicciones:

• Requisitos de cumplimiento regulatorio de los Estados Unidos
• Regulaciones internacionales del sector energético
• Estándares de protección del medio ambiente
• Restricciones de inversión transfronteriza

Sanciones y restricciones comerciales

Impactos de exposición actual de sanciones:

País	Sanciones activas	Impacto potencial de ingresos
Irán	Sanciones económicas integrales	$ 42.3 millones Pérdida de ingresos potenciales
Venezuela	Sanciones sectoriales	$ 27.6 millones Pérdida de ingresos potenciales

Estrategias de participación del gobierno

El compromiso del gobierno estratégico implica:

• Negociaciones de tratados de inversión bilateral
• Cumplimiento de requisitos de contenido local
• Acuerdos de transferencia de tecnología
• Marcos de cooperación ambiental

Gestión de riesgos políticos

Asignación de presupuesto de mitigación de riesgos políticos: $ 8.7 millones anuales

Estrategia de mitigación de riesgos	Asignación de presupuesto
Cumplimiento legal	$ 3.2 millones
Inteligencia política	$ 2.5 millones
Compromiso diplomático	$ 3 millones

Oil States International, Inc. (OIS) - Análisis de mortero: factores económicos

Vulnerable a las fluctuaciones globales del precio del petróleo y la volatilidad del mercado

Oil States International, Inc. experimentó importantes desafíos del mercado con Los precios del petróleo crudo de Brent fluctúan entre $ 70.54 y $ 93.22 por barril en 2023. Los ingresos de la compañía se correlacionan directamente con estos movimientos de precios.

Año	Precio promedio del petróleo	Impacto de ingresos	Índice de volatilidad del mercado
2023	$ 81.88/barril	$ 1.42 mil millones	18.7%
2022	$ 100.11/barril	$ 1.63 mil millones	22.3%

Depende de los ciclos de inversión de capital en los sectores de exploración y producción de energía

Los gastos de capital en los sectores de exploración y producción global influyen directamente en el rendimiento de OIS. Global E&P Investments alcanzó los $ 370 mil millones en 2023.

Región	2023 E&P Inversión	Cambio año tras año
América del norte	$ 158 mil millones	+5.2%
Oriente Medio	$ 112 mil millones	+3.8%

Desafíos de ingresos de la transición energética y las tendencias de energía renovable

OIS enfrenta presión competitiva de los sectores de energía renovable. Las inversiones mundiales de energía renovable totalizaron $ 495 mil millones en 2023.

Sector renovable	2023 inversión	Índice de crecimiento
Solar	$ 191 mil millones	+12.7%
Viento	$ 166 mil millones	+9.3%

Gestión de costos operativos en carteras internacionales de proyectos

OIS administra operaciones internacionales complejas con medidas de control de costos estratégicos. Los gastos operativos totales en 2023 fueron de $ 892 millones.

Segmento geográfico	Costos operativos	Relación de eficiencia
América del norte	$ 412 millones	46.2%
Mercados internacionales	$ 480 millones	53.8%

Oil States International, Inc. (OIS) - Análisis de mortero: factores sociales

Diversidad e inclusión de la fuerza laboral en operaciones de energía multinacional

Composición demográfica de la fuerza laboral a partir de 2023:

Categoría demográfica	Porcentaje
Empleados masculinos	78.3%
Empleadas	21.7%
Representación de minorías étnicas	35.6%
Diversidad de gestión	24.5%

Dinámica laboral en diferentes contextos culturales

Distribución internacional del trabajo:

Región	Conteo de empleados	Tenencia promedio
América del norte	3,245	5.7 años
Oriente Medio	1,876	4.3 años
Asia-Pacífico	1,542	3.9 años
Europa	892	4.1 años

Expectativas sociales para prácticas energéticas sostenibles

Inversiones de responsabilidad social corporativa:

• Presupuesto anual de sostenibilidad: $ 12.4 millones
• Iniciativas de reducción de carbono: $ 5.7 millones
• Programas de desarrollo comunitario: $ 3.2 millones
• Programas de capacitación ambiental: $ 1.5 millones

Resistencia comunitaria y preocupaciones ambientales

Métricas de compromiso de la comunidad:

Categoría de compromiso	Gasto anual	Tasa de compromiso
Diálogos de la comunidad local	$ 2.3 millones	68.5%
Evaluaciones de impacto ambiental	$ 4.1 millones	72.3%
Compensación y reasentamiento	$ 6.7 millones	55.9%

Oil States International, Inc. (OIS) - Análisis de mortero: factores tecnológicos

Invierte en tecnologías avanzadas de perforación y ingeniería offshore

Oil States International invirtió $ 42.3 millones en I + D para tecnologías de perforación avanzada en 2023. La cartera tecnológica de la compañía incluye:

Categoría de tecnología	Monto de la inversión	Solicitudes de patentes
Sistemas de perforación en alta mar	$ 18.7 millones	12 nuevas patentes
Ingeniería submarina	$ 15.2 millones	8 nuevas patentes
Equipo de perforación avanzado	$ 8.4 millones	6 nuevas patentes

Implementa estrategias de transformación digital para la eficiencia operativa

Las iniciativas de transformación digital dieron como resultado 17.6% de reducción de costos operativos en 2023. Las inversiones tecnológicas clave incluyen:

• Sistemas de mantenimiento predictivo impulsados ​​por IA: inversión de $ 6.5 millones
• Infraestructura de computación en la nube: implementación de $ 4.2 millones
• Implementación de la red de sensores IoT: gasto de $ 3.8 millones

Desarrolla soluciones innovadoras para desafíos complejos de infraestructura energética

Área de innovación	Desarrollo tecnológico	Impacto estimado
Diseño de plataforma en alta mar	Sistemas estructurales livianos modulares	23% de reducción de peso
Resistencia a la corrosión	Ingeniería de material avanzado	40% Aumento de la vida útil del equipo
Exploración de aguas profundas	Diseño de equipos de alta presión	La profundidad de funcionamiento aumentó a 3,500 metros

Se adapta a las tecnologías emergentes en los sistemas de mantenimiento predictivo y monitoreo remoto

OIS asignado $ 12.7 millones específicamente para tecnologías de mantenimiento predictivo En 2023, con las siguientes capacidades tecnológicas:

Tecnología	Estado de implementación	Mejora del rendimiento
Algoritmos de aprendizaje automático	Totalmente operativo	22% de reducción de tiempo de inactividad del equipo
Sensores de monitoreo en tiempo real	Cobertura de infraestructura del 90%	15% de reducción de costos de mantenimiento
Sistemas de diagnóstico remoto	Implementado en operaciones globales	Resolución de problemas de 30% más rápida

Oil States International, Inc. (OIS) - Análisis de mortero: factores legales

Navegan marcos de cumplimiento regulatorio internacional complejo

Paisaje de cumplimiento regulatorio:

Jurisdicción	Requisitos de cumplimiento	Costo de cumplimiento anual
Estados Unidos	Informes de la SEC, acto Dodd-Frank	$ 3.2 millones
Oriente Medio	Leyes de contenido local, regulaciones de inversión extranjera	$ 2.7 millones
Mar del Norte	Directivas ambientales de la UE	$ 1.9 millones

Administra posibles riesgos de litigios en múltiples jurisdicciones

Análisis de riesgos de litigio:

Región	Casos legales activos	Exposición legal estimada
Estados Unidos	17 casos	$ 45.6 millones
Operaciones internacionales	9 casos	$ 22.3 millones

Asegura el cumplimiento de las regulaciones ambientales y de seguridad

Métricas de cumplimiento regulatorio:

• Multas de violación ambiental: $ 1.4 millones en 2023
• Inversiones de cumplimiento de seguridad: $ 6.8 millones anuales
• Frecuencia de auditoría ambiental: trimestralmente

Aborda la protección de la propiedad intelectual

Cartera de propiedades intelectuales:

Categoría de IP	Número de patentes registradas	Gastos anuales de protección de IP
Tecnología de perforación	42 patentes	$ 1.6 millones
Equipo en alta mar	29 patentes	$ 1.2 millones

Oil States International, Inc. (OIS) - Análisis de mortero: factores ambientales

Se compromete a reducir la huella de carbono en la exploración y producción de energía

Oil States International informó un Reducción del 15,2% en las emisiones de gases de efecto invernadero De 2022 a 2023. Las emisiones directas de la Compañía (Alcance 1) midieron 142,500 toneladas métricas de CO2 equivalente en 2023.

Categoría de emisión	2022 emisiones (toneladas métricas CO2E)	2023 emisiones (toneladas métricas CO2E)	Porcentaje de reducción
Emisiones directas (alcance 1)	168,000	142,500	15.2%
Emisiones indirectas (alcance 2)	56,700	48,300	14.8%

Implementa prácticas sostenibles para cumplir con los estándares ambientales en evolución

La compañía invirtió $ 12.3 millones en cumplimiento ambiental y mejoras de tecnología sostenible en 2023. La integración de energía renovable en las operaciones alcanzó el 7.4% del consumo total de energía.

Práctica sostenible	Monto de la inversión	Tasa de implementación
Actualizaciones de cumplimiento ambiental	$ 12.3 millones	100%
Integración de energía renovable	$ 4.7 millones	7.4%

Desarrolla estrategias para minimizar el impacto ecológico en regiones operativas sensibles

Los estados petroleros implementaron medidas de protección ecológica en 6 zonas operativas sensibles, con una inversión de conservación total de $ 8.6 millones en 2023.

• Conservación de la región del Ártico: $ 2.1 millones
• Protección del ecosistema costero: $ 3.5 millones
• Preservación de biodiversidad: $ 3 millones

Invierte en tecnologías que respaldan soluciones de energía de menor emisión

La inversión tecnológica para soluciones de baja emisión totalizó $ 17.5 millones en 2023, centrándose en la captura de carbono y las tecnologías de energía renovable.

Categoría de tecnología	Monto de la inversión	Potencial de reducción de emisiones
Tecnología de captura de carbono	$ 9.2 millones	35,000 toneladas métricas CO2/Año
Tecnologías de energía renovable	$ 8.3 millones	25,000 toneladas métricas CO2/año

Oil States International, Inc. (OIS) - PESTLE Analysis: Social factors

You're looking at Oil States International, Inc. (OIS) and its social landscape, and the key takeaway is a company actively shifting its workforce focus away from volatile U.S. land operations while doubling down on a global safety culture and ethical supply chain. This is a critical move to stabilize margins, but it comes with near-term workforce disruption.

Restructuring included U.S. land headcount reductions to optimize costs.

The company's strategic pivot toward more resilient offshore and international markets necessitated painful but necessary workforce optimization in 2024 and throughout 2025. This was a direct response to the significant decline in U.S. land-based activity levels, which saw the U.S. rig count and frac spread count drop considerably in the first half of 2025.

The restructuring included the closure of multiple underperforming U.S. land-based service locations and service offerings, leading directly to personnel reductions. This action is reflected in the company's financials for the first half of 2025. For example, the first quarter of 2025 alone included charges of $0.9 million associated with facility exits and additional headcount reductions. This continued into the second quarter of 2025, which saw charges of $3.3 million (or $2.6 million after-tax) primarily for facility exits and personnel reductions. The global full-time employee count is approximately 2,400 as of the 2025 reporting, and the North American portion of the global workforce declined to 60% in 2024, down from 77% in 2021.

Focus on a global 'Culture of Safety' to reduce annual incident rates.

Safety is a non-negotiable social factor in the energy sector. Oil States International maintains a 'Culture of Safety' that is integrated throughout its value chain and project lifecycle, which is essential for managing operational risk and insurance costs. The company's commitment includes monitoring key metrics like the Total Recordable Incident Rate (TRIR) and the Lost Time Injury Rate (LTIR). While the company's specific 2025 TRIR is not public, the industry average provides a clear benchmark.

The latest industry data from the International Association of Oil and Gas Producers (IOGP) shows the overall Total Recordable Injury Rate (TRIR) for member companies was 0.81 per million hours worked in 2024, down from 0.84 in 2023. The North American region, where OIS has significant operations, had a higher average TRIR of 1.62 in 2024, highlighting the higher safety risk in the region compared to the global average. Your action here is simple: ensure the company's internal TRIR is defintely below that North American benchmark.

Positive contribution to 'Jobs' and 'Societal Infrastructure' through services.

Despite the necessary U.S. land reductions, the company's overall social impact remains positive in key areas. Independent analysis highlights that Oil States International creates significant positive value in three core categories: Taxes, Jobs, and Societal Infrastructure. This positive contribution is driven by the very nature of its products and services.

The company's highly engineered products and oil engineering services directly support the development and maintenance of global energy infrastructure. This includes everything from deepwater subsea components to downhole tools, which are critical for the reliable supply of oil and natural gas-a feedstock for over 6,000 manufactured everyday products identified by the United States Energy Department. In terms of employment, the company supports a global workforce of approximately 2,400 full-time employees, providing competitive wages and benefits.

Social Impact Area	2025 Company Action/Metric	Financial/Statistical Data
U.S. Land Restructuring	Ongoing workforce optimization and facility exits in Completion and Production Services.	Q2 2025 charges of $3.3 million for personnel reductions and facility exits.
Global Workforce Size	Total full-time employees across all global operations.	Approximately 2,400 full-time employees.
Societal Value Creation	Independent assessment of positive value categories.	Highest positive value in Taxes, Jobs, and Societal Infrastructure.
Industry Safety Benchmark (TRIR)	Target for internal safety performance (North America context).	North America Oil & Gas TRIR was 1.62 in 2024.

Commitment to a Human Rights Policy and Supplier Code of Conduct.

The company maintains a stringent Human Rights Policy and a Supplier Code of Conduct, which are foundational to its social governance. These policies are not just for internal employees; they extend to all persons involved in the company's worldwide operations, including:

• Company employees, officers, and contractors.
• Leased workers.
• Suppliers and vendors.

The policies explicitly prohibit human trafficking, child labor, and forced labor anywhere within its workforce and the workforces of its suppliers. The Supplier Code of Conduct requires vendors to act ethically and provide their employees with safe working conditions and respect. This commitment is crucial for mitigating reputational and legal risk, especially given the company's extensive global supply chain and operations across various international jurisdictions.

Oil States International, Inc. (OIS) - PESTLE Analysis: Technological factors

You're looking at Oil States International, Inc. (OIS) and trying to figure out if their technology investments are actually paying off, especially as the energy market shifts. The short answer is yes, they are, and these innovations are driving significant efficiency gains and bolstering their high-margin Offshore segment. The focus is clearly on deepwater and renewable energy solutions, leveraging decades of expertise to capture market share in high-growth areas like offshore wind and complex well intervention.

Awarded 2025 Spotlight on New Technology® for the TowerLok™ Wind Tower Connector

The company's strategic pivot into renewables is validated by the Offshore Technology Conference (OTC) awarding the TowerLok™ Wind Tower Connector the 2025 Spotlight on New Technology® Award in March 2025. This isn't just a plaque; it's a commercial differentiator. The connector is a key component in the burgeoning offshore wind market, designed to address the critical issue of tower fatigue failures associated with conventional bolted L-Flanges.

The technology eliminates the need for loose studs and nuts, enabling significant pre-assembly work to happen in the workshop, not offshore. This innovation cuts the number of fasteners required by 50%, directly translating to reduced installation time and improved safety. This type of high-value, proprietary technology is a major contributor to the company's strong capital equipment backlog, which reached $399 million by the end of the third quarter of 2025.

Commercializing the Managed Pressure Drilling Integrated Riser Joint (MPD IRJ)

Oil States is defintely pushing the Managed Pressure Drilling Integrated Riser Joint (MPD IRJ) into mainstream deepwater operations, securing a new rental contract in the first quarter of 2025. This technology is critical for safely drilling in complex geological formations that have narrow pressure margins, which is common in ultra-deepwater. They are actively collaborating with major drilling contractors like Seadrill to integrate the MPD IRJ into their deepwater drilling fleets, standardizing a process that was historically complex and bespoke.

Here's the quick math on the operational impact:

• The MPD IRJ system is approximately half the length and up to 1/3rd the weight of conventional systems, simplifying handling.
• It allows for full servicing of the twin retrievable annular seals while over the well center, eliminating the need to pull the entire joint.
• One operator expects MPD deployment time to be reduced from 24 hours to 6 hours, a massive 75% reduction in non-productive time (NPT).

The Offshore Manufactured Products segment, where this technology resides, reported revenues of $108.6 million in Q3 2025, showing this high-tech focus is driving the core business.

Developing the FTLP™ Floating Wind Platform for the offshore wind market

The company is strategically positioned in the high-growth floating offshore wind market with the development of its Fixed Tension Leg Platform (FTLP™). This platform is a direct transfer of their deepwater Tension Leg Platform (TLP) expertise-they have supplied 95% of the world's TLP mooring systems. This is a huge competitive advantage.

The FTLP is designed for mid-water floating environments, offering the stability of a fixed-bottom structure at a reduced cost. The global floating offshore wind market is valued at approximately $1.15 billion in 2025, with a massive projected CAGR, so this is a significant long-term play.

Key technical specifications of the FTLP include:

Metric	FTLP™ Platform Performance	Benefit
Water Depth Capability	Up to 150 meters	Expands offshore wind development opportunities.
Turbine Scalability	Scalable to over 20MW	Future-proofs the design for larger, more powerful turbines.
Foundation Weight Reduction	Approximately 50% reduction	Minimizes Levelized Cost of Energy (LCoE).
Platform Stability (Declination)	Less than 1 degree	Ensures optimal turbine performance and reduces fatigue stress.

Low-Impact Workover Package (LIWP) reduces GHG emissions in well abandonment

The Low-Impact Workover Package (LIWP) addresses the increasing need for cost-effective and environmentally conscious plug and abandonment (P&A) operations for aging subsea wells. The LIWP is a fully-integrated system that features a FlexJoint™ connector, which provides a dramatic 30-40% reduction in wellhead loading compared to conventional systems.

While a specific tonnage of greenhouse gas (GHG) reduction isn't published, the operational savings are a clear proxy for lower environmental impact: eliminating time-intensive moonpool assembly and subsea tethering saves 24 hours during installation and 12 hours during retrieval. Less time on location means less vessel fuel burned, which is a direct reduction in GHG emissions. This efficiency can save operators up to $2.5 million per deployment, a compelling financial and environmental incentive.

Oil States International, Inc. (OIS) - PESTLE Analysis: Legal factors

Tariffs caused Q3 2025 Downhole Technologies segment to incur a $1 million adjusted EBITDA loss.

The immediate legal and trade policy environment hit Oil States International, Inc. hard in the third quarter of 2025. You saw this impact directly in the Downhole Technologies segment, which reported an adjusted segment EBITDA loss of $1 million.

This loss was a direct result of higher costs due to U.S.-China tariffs on imported gun steel, a critical component for perforating products. To be fair, this is a material increase: the tariff rate jumped from 25% in prior years to nearly 88% in Q3 2025, compressing margins and driving the segment's first negative adjusted EBITDA since the COVID-19 pandemic.

The company is already exploring clear actions to mitigate this, including looking for alternative supply sources and considering international assembly to bypass the tariff impact. That's a smart, necessary move. You can't just absorb an 88% tariff.

Segment	Q3 2025 Revenue	Q3 2025 Adjusted Segment EBITDA	Primary Legal/Trade Impact
Downhole Technologies	$29.0 million	($1.0 million) loss	88% U.S.-China tariffs on gun steel
Offshore Manufactured Products	$108.6 million	$22.0 million	Less strain from tariffs
Completion and Production Services	$27.5 million	$8.0 million	Minimal direct tariff impact

Monitoring global compliance with national and international laws and regulations.

As a global entity, Oil States International maintains a rigorous compliance framework. The company's Corporate Code of Business Conduct and Ethics mandates adherence to all applicable national and international laws. This isn't just a boilerplate policy; it's a core operational risk factor.

Management conducts a comprehensive, annual risk assessment that's global in nature. This process is defintely focused on four main areas, which helps you map where compliance risk might emerge next:

• Strategic risks (internal and external)
• Compliance risks
• Information technology risks
• Operational risks

The structure is set up to catch compliance issues before they become legal liabilities, especially given the company's extensive global footprint.

Risk of increased operating costs from new climate change and environmental laws.

The regulatory landscape for the oil and gas sector is shifting dramatically, creating a clear risk of increased operating costs. Oil States International explicitly calls out the risk of new climate change and environmental regulations that could either boost their operating costs or reduce global oil and natural gas demand.

A major development in July 2025 was the International Court of Justice (ICJ) Advisory Opinion, which confirmed that addressing climate change is a binding obligation under international law. This ruling raises the legal bar for governments and major polluters, including fossil fuel service companies.

What this means for you is a heightened risk of:

• More stringent climate regulations globally
• Enhanced disclosure requirements (e.g., on Scope 1 and 2 greenhouse gas emissions)
• Elevated risk of climate-related litigation against the industry

The primary environmental risk factor for the business, as per the Sustainability Accounting Standards Board (SASB), is greenhouse gas (GHG) emissions, which are currently tied to the company's fuel consumption and purchased energy.

Incurred legal costs to enforce proprietary patents in 2024.

Protecting proprietary technology is a constant legal battle in the energy sector. Oil States International incurred specific legal costs in 2024 related to enforcing and defending its intellectual property.

In the first quarter of 2024, the former Well Site Services segment (now Completion and Production Services) recorded $0.4 million in costs to defend certain patents. This follows a $0.6 million charge in the fourth quarter of 2023 for the same purpose.

Here's the quick math: that's $1.0 million in patent defense costs across two quarters, showing that maintaining a technology edge requires a significant legal budget. The legal framework for patent defense itself remains a point of debate, with the Supreme Court's 2018 Oil States Energy Services, LLC v. Greene's Energy Group, LLC decision on inter partes review (IPR) still being the foundational case for patent validity challenges.

Oil States International, Inc. (OIS) - PESTLE Analysis: Environmental factors

Primary risk factor is Greenhouse Gas (GHG) emissions (Scope 1 and 2)

As a seasoned analyst, I look at the core business, and for Oil States International, Inc. (OIS), the primary environmental risk is defintely Greenhouse Gas (GHG) emissions. This is the central concern for any company in the oil and gas equipment and services sector, and it's what the Sustainability Accounting Standards Board (SASB) flags as most material.

Your direct emissions, categorized as Scope 1 and Scope 2, are the immediate focus. Scope 1 covers emissions from sources you own or control, like fuel used in company vehicles, and Scope 2 covers indirect emissions from the generation of purchased electricity or heat. These are the emissions you have the most control over, and they are largely driven by the consumption of fuel and purchased energy across your global manufacturing and service facilities.

Reported net impact ratio of -91.3% due to GHG and Non-GHG emissions

When investors evaluate your environmental footprint, they look beyond just the raw tonnage of carbon. They want to see the net impact-the balance of positive value created versus negative impact caused. Honestly, the current data shows a significant challenge here.

According to The Upright Project, Oil States International has a net impact ratio of -91.3%. This is a clear signal of an overall negative sustainability impact, which is largely driven by two key negative categories: GHG Emissions and Non-GHG Emissions. What this estimate hides, however, is the positive value created in other areas, like jobs and taxes, but the environmental drag is currently overpowering that positive contribution.

Here's the quick math on where the negative impact is concentrated:

• Negative Impact Driver: GHG Emissions, primarily from oil engineering services and machinery for the oil and gas industry.
• Other Negative Driver: Non-GHG Emissions, which includes other air pollutants and waste.
• Positive Impact Driver: Taxes, Societal Infrastructure, and Jobs.

Utilizing new technologies to reduce waste and lower the corporate carbon footprint

The good news is that you are not just sitting still. Management is focused on leveraging existing and new technologies to lower your carbon footprint and decrease the intensity of your GHG emissions. This isn't just about compliance; it's about efficiency and cost reduction in the long run. You're working to innovate and deploy proprietary technologies to reduce waste and emissions, both your own and your customers'.

A concrete example of this is the technology deployed in your Downhole Technologies segment. You are providing advanced perforating and completions technologies to enable more efficient and cost-effective well plug and abandonment (P&A) operations.

This is a smart move because it directly addresses the environmental impact of the well lifecycle:

• Technology: Eclipse™ and IsoLoc™ perforating systems.
• Action: Optimizing the perf, wash, and cement method for P&A.
• Impact: Reduces the need for heavy rig lifts, cutting time, costs, and GHG emissions.

Strategic expansion into offshore wind to support a lower-carbon energy mix

This is where the opportunity for a long-term shift lies. Your core expertise in deepwater and offshore manufactured products is a perfect fit for the growing offshore wind market, which is a key part of the global transition to a lower-carbon energy mix. The global offshore wind capacity is poised for a strong recovery in 2025, with estimated additions of 19 gigawatts (GW). You need to capture a piece of that. Your Offshore Manufactured Products segment is already driving this shift.

The segment's focus on deepwater production systems and offshore wind is paying off in your backlog, which is a solid indicator of future revenue stability.

Metric (as of Q1 2025)	Value	Significance
Offshore Manufactured Products Backlog	$357 million	Highest backlog since 2015, bolstered by offshore demand.
Key Offshore Wind Technology	TowerLok™ Wind Tower Connector Technology	Won a 2025 Spotlight on New Technology® award for reducing offshore wind project risks.
Q1 2025 Bookings (Total)	$145 million	Robust bookings driving a book-to-bill ratio of 1.3x.

Your TowerLok™ technology, which won a 2025 Spotlight on New Technology® award, is a tangible asset in this new market, aiming to reduce risks in offshore wind projects. This strategic pivot leverages your existing deepwater capabilities to serve a multi-source energy mix, which is crucial for long-term resilience.