Oil States International, Inc. (OIS): Analyse du Pestle [Jan-2025 MISE À JOUR]

Dans le monde à enjeux élevés de l'énergie mondiale, Oil States International, Inc. (OIS) navigue dans un paysage complexe où les tensions géopolitiques, les innovations technologiques et les défis environnementaux se croisent. Cette analyse complète du pilon dévoile le réseau complexe de facteurs qui façonnent les décisions stratégiques de l'entreprise, des obstacles réglementaires dans les régions sensibles aux pressions transformatrices des tendances des énergies renouvelables. Plongez profondément dans la dynamique multiforme qui définit l'écosystème opérationnel de l'OIS, où chaque défi présente une opportunité d'adaptation stratégique et de croissance durable.

Oil States International, Inc. (OIS) - Analyse du pilon: facteurs politiques

Régions géopolitiquement sensibles

Oil States International fonctionne dans de multiples régions politiquement complexes avec des défis importants d'infrastructures énergétiques. Les régions opérationnelles clés comprennent:

Région	Niveau de risque politique	Indice de stabilité politique actuel
Moyen-Orient	Haut	4.2/10
Afrique du Nord	Modéré	5.7/10
l'Amérique latine	Modéré à élevé	5.1/10

Paysage réglementaire

L'entreprise est confrontée à des environnements réglementaires complexes dans plusieurs juridictions:

• Exigences de conformité réglementaire des États-Unis
• Règlement sur le secteur de l'énergie international
• Normes de protection de l'environnement
• Restrictions d'investissement transfrontalières

Sanctions et restrictions commerciales

Les effets de l'exposition aux sanctions actuelles:

Pays	Sanctions actives	Impact potentiel des revenus
L'Iran	Sanctions économiques complètes	42,3 millions de dollars de pertes de revenus potentiels
Venezuela	Sanctions sectorielles	27,6 millions de dollars de pertes de revenus potentiels

Stratégies d'engagement du gouvernement

L'engagement stratégique du gouvernement implique:

• Négociations de traités d'investissement bilatéraux
• Conformité des exigences de contenu local
• Accords de transfert de technologie
• Cadres de coopération environnementale

Gestion des risques politiques

Antarmées du risque politique allocation du budget: 8,7 millions de dollars par an

Stratégie d'atténuation des risques	Allocation budgétaire
Conformité légale	3,2 millions de dollars
Intelligence politique	2,5 millions de dollars
Engagement diplomatique	3 millions de dollars

Oil States International, Inc. (OIS) - Analyse du pilon: facteurs économiques

Vulnérable aux fluctuations mondiales des prix du pétrole et à la volatilité du marché

Oil States International, Inc. a connu des défis de marché importants avec Les prix du pétrole brut Brent fluctuant entre 70,54 $ et 93,22 $ le baril en 2023. Les revenus de la société sont directement corrélés avec ces mouvements de prix.

Année	Prix ​​du pétrole moyen	Impact sur les revenus	Indice de volatilité du marché
2023	81,88 $ / baril	1,42 milliard de dollars	18.7%
2022	100,11 $ / baril	1,63 milliard de dollars	22.3%

En fonction des cycles d'investissement en capital dans les secteurs de l'exploration et de la production d'énergie

Les dépenses en capital dans les secteurs mondiaux de l'exploration et de la production influencent directement les performances de l'OIS. Global E&P Investments a atteint 370 milliards de dollars en 2023.

Région	2023 Investissement E&P	Changement d'une année à l'autre
Amérique du Nord	158 milliards de dollars	+5.2%
Moyen-Orient	112 milliards de dollars	+3.8%

Défis de revenus de la transition énergétique et des tendances des énergies renouvelables

OIS fait face à la pression concurrentielle des secteurs des énergies renouvelables. Les investissements mondiaux sur les énergies renouvelables ont totalisé 495 milliards de dollars en 2023.

Secteur renouvelable	2023 Investissement	Taux de croissance
Solaire	191 milliards de dollars	+12.7%
Vent	166 milliards de dollars	+9.3%

Gestion des coûts opérationnels à travers les portefeuilles de projets internationaux

L'OIS gère des opérations internationales complexes avec des mesures stratégiques de contrôle des coûts. Les dépenses opérationnelles totales en 2023 étaient de 892 millions de dollars.

Segment géographique	Coûts opérationnels	Rapport d'efficacité
Amérique du Nord	412 millions de dollars	46.2%
Marchés internationaux	480 millions de dollars	53.8%

Oil States International, Inc. (OIS) - Analyse du pilon: facteurs sociaux

Diversité et inclusion de la main-d'œuvre dans les opérations énergétiques multinationales

Composition démographique de la main-d'œuvre en 2023:

Catégorie démographique	Pourcentage
Employés masculins	78.3%
Employés	21.7%
Représentation de la minorité ethnique	35.6%
Diversité de gestion	24.5%

Dynamique du travail dans différents contextes culturels

Distribution internationale du travail:

Région	Décompte des employés	Tenure moyenne
Amérique du Nord	3,245	5,7 ans
Moyen-Orient	1,876	4,3 ans
Asie-Pacifique	1,542	3,9 ans
Europe	892	4,1 ans

Attentes sociales pour les pratiques énergétiques durables

Investissements de responsabilité sociale des entreprises:

• Budget annuel de durabilité: 12,4 millions de dollars
• Initiatives de réduction du carbone: 5,7 millions de dollars
• Programmes de développement communautaire: 3,2 millions de dollars
• Programmes de formation environnementale: 1,5 million de dollars

Résistance communautaire et préoccupations environnementales

Métriques d'engagement communautaire:

Catégorie d'engagement	Dépenses annuelles	Taux d'engagement
Dialogues de la communauté locale	2,3 millions de dollars	68.5%
Évaluations d'impact environnemental	4,1 millions de dollars	72.3%
Compensation et réinstallation	6,7 millions de dollars	55.9%

Oil States International, Inc. (OIS) - Analyse du pilon: facteurs technologiques

Investit dans des technologies avancées de forage et d'ingénierie offshore

Oil States International a investi 42,3 millions de dollars dans la R&D pour les technologies de forage avancées en 2023. Le portefeuille technologique de la société comprend:

Catégorie de technologie	Montant d'investissement	Demandes de brevet
Systèmes de forage offshore	18,7 millions de dollars	12 nouveaux brevets
Génie sous-marin	15,2 millions de dollars	8 nouveaux brevets
Équipement de forage avancé	8,4 millions de dollars	6 nouveaux brevets

Implémente les stratégies de transformation numérique pour l'efficacité opérationnelle

Les initiatives de transformation numérique ont abouti à 17,6% réduction des coûts opérationnels en 2023. Les investissements technologiques clés comprennent:

• Systèmes de maintenance prédictive dirigés par AI: 6,5 millions de dollars investissements
• Infrastructure de cloud computing: déploiement de 4,2 millions de dollars
• Implémentation du réseau de capteurs IoT: dépenses de 3,8 millions de dollars

Développe des solutions innovantes pour des défis complexes d'infrastructure énergétique

Zone d'innovation	Développement technologique	Impact estimé
Conception de la plate-forme offshore	Systèmes structurels modulaires légers	23% de réduction du poids
Résistance à la corrosion	Ingénierie des matériaux avancés	40% de durée de vie de l'équipement accrue
Exploration en eau profonde	Conception d'équipement à haute pression	La profondeur de fonctionnement est passée à 3 500 mètres

S'adapte aux technologies émergentes dans les systèmes de maintenance prédictive et de surveillance à distance

OIS alloué 12,7 millions de dollars spécifiquement pour les technologies de maintenance prédictive en 2023, avec les capacités technologiques suivantes:

Technologie	Statut d'implémentation	Amélioration des performances
Algorithmes d'apprentissage automatique	Pleinement opérationnel	22% de réduction des temps d'arrêt de l'équipement
Capteurs de surveillance en temps réel	Couverture d'infrastructure à 90%	15% de réduction des coûts d'entretien
Systèmes de diagnostic à distance	Mis en œuvre dans les opérations mondiales	Résolution de problème de 30% plus rapide

Oil States International, Inc. (OIS) - Analyse du pilon: facteurs juridiques

Navigue des cadres de conformité réglementaire internationaux complexes

Paysage de conformité réglementaire:

Juridiction	Exigences de conformité	Coût annuel de conformité
États-Unis	SEC Reporting, Dodd-Frank Act	3,2 millions de dollars
Moyen-Orient	Lois locales de contenu, réglementations d'investissement étranger	2,7 millions de dollars
mer du Nord	Directives environnementales de l'UE	1,9 million de dollars

Gère les risques de litige potentiels dans plusieurs juridictions

Analyse des risques de litige:

Région	Affaires juridiques actives	Exposition juridique estimée
États-Unis	17 cas	45,6 millions de dollars
Opérations internationales	9 cas	22,3 millions de dollars

Assure le respect des réglementations environnementales et de sécurité

Métriques de la conformité réglementaire:

• Amendes de violation de l'environnement: 1,4 million de dollars en 2023
• Investissements de la conformité à la sécurité: 6,8 millions de dollars par an
• Fréquence d'audit environnemental: trimestriel

Aborde la protection de la propriété intellectuelle

Portfolio de propriété intellectuelle:

Catégorie IP	Nombre de brevets enregistrés	Dépenses annuelles de protection IP
Technologie de forage	42 brevets	1,6 million de dollars
Équipement offshore	29 brevets	1,2 million de dollars

Oil States International, Inc. (OIS) - Analyse du pilon: facteurs environnementaux

S'engage à réduire l'empreinte carbone de l'exploration et de la production énergétiques

Oil States International a rapporté un Réduction de 15,2% des émissions de gaz à effet de serre De 2022 à 2023. Les émissions directes de la société (Portée 1) ont mesuré 142 500 tonnes métriques de CO2 équivalentes en 2023.

Catégorie d'émission	2022 émissions (tonnes métriques CO2E)	2023 émissions (tonnes métriques CO2E)	Pourcentage de réduction
Émissions directes (étendue 1)	168,000	142,500	15.2%
Émissions indirectes (portée 2)	56,700	48,300	14.8%

Implémente des pratiques durables pour respecter l'évolution des normes environnementales

La société a investi 12,3 millions de dollars dans la conformité environnementale et les améliorations des technologies durables en 2023. L'intégration des énergies renouvelables dans les opérations a atteint 7,4% de la consommation totale d'énergie.

Pratique durable	Montant d'investissement	Taux de mise en œuvre
Mises à niveau de la conformité environnementale	12,3 millions de dollars	100%
Intégration d'énergie renouvelable	4,7 millions de dollars	7.4%

Élabore des stratégies pour minimiser l'impact écologique dans les régions opérationnelles sensibles

Oil States International a mis en œuvre des mesures de protection écologique dans 6 zones opérationnelles sensibles, avec un investissement total de conservation de 8,6 millions de dollars en 2023.

• Conservation de la région de l'Arctique: 2,1 millions de dollars
• Protection des écosystèmes côtiers: 3,5 millions de dollars
• Préservation de la biodiversité: 3 millions de dollars

Investit dans des technologies soutenant les solutions d'énergie à faible émission

L'investissement technologique pour les solutions à faible émission a totalisé 17,5 millions de dollars en 2023, en se concentrant sur la capture du carbone et les technologies des énergies renouvelables.

Catégorie de technologie	Montant d'investissement	Potentiel de réduction des émissions
Technologie de capture de carbone	9,2 millions de dollars	35 000 tonnes métriques CO2 / année
Technologies d'énergie renouvelable	8,3 millions de dollars	25 000 tonnes métriques CO2 / année

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.