Oil States International, Inc. (OIS): Análise de Pestle [Jan-2025 Atualizado]

No mundo de alto risco de energia global, o Oil States International, Inc. (OIS) navega em uma paisagem complexa onde tensões geopolíticas, inovações tecnológicas e desafios ambientais se cruzam. Essa análise abrangente de pestles revela a intrincada rede de fatores que moldam as decisões estratégicas da Companhia, de obstáculos regulatórios em regiões sensíveis às pressões transformadoras das tendências de energia renovável. Mergulhe profundamente na dinâmica multifacetada que define o ecossistema operacional da OIS, onde todo desafio apresenta uma oportunidade para adaptação estratégica e crescimento sustentável.

Oil States International, Inc. (OIS) - Análise de Pestle: Fatores Políticos

Regiões geopoliticamente sensíveis

Os estados de petróleo International opera em várias regiões politicamente complexas com desafios significativos de infraestrutura de energia. As principais regiões operacionais incluem:

Região	Nível de risco político	Índice de Estabilidade Política atual
Médio Oriente	Alto	4.2/10
Norte da África	Moderado	5.7/10
América latina	Moderado a alto	5.1/10

Paisagem regulatória

A empresa enfrenta ambientes regulatórios complexos em várias jurisdições:

• Requisitos de conformidade regulatória dos Estados Unidos
• Regulamentos do setor de energia internacional
• Padrões de proteção ambiental
• Restrições transfronteiriças de investimento

Sanções e restrições comerciais

Sanções atuais de exposição impactos:

País	Sanções ativas	Impacto potencial da receita
Irã	Sanções econômicas abrangentes	US $ 42,3 milhões em potencial perda de receita
Venezuela	Sanções setoriais	US $ 27,6 milhões em potencial perda de receita

Estratégias de envolvimento do governo

O envolvimento estratégico do governo envolve:

• Negociações de tratados de investimento bilaterais
• Requisito de conteúdo local Conformidade
• Acordos de transferência de tecnologia
• Estruturas de cooperação ambiental

Gestão de riscos políticos

Alocação de orçamento de mitigação de risco político: US $ 8,7 milhões anualmente

Estratégia de mitigação de risco	Alocação de orçamento
Conformidade legal	US $ 3,2 milhões
Inteligência política	US $ 2,5 milhões
Engajamento diplomático	US $ 3 milhões

Oil States International, Inc. (OIS) - Análise de Pestle: Fatores Econômicos

Vulnerável às flutuações globais dos preços do petróleo e volatilidade do mercado

Oil States International, Inc. sofreu desafios significativos de mercado com Preços do petróleo de Brent, que flutuam entre US $ 70,54 e US $ 93,22 por barril em 2023. A receita da empresa se correlaciona diretamente com esses movimentos de preços.

Ano	Preço médio do petróleo	Impacto de receita	Índice de Volatilidade do Mercado
2023	$ 81,88/barril	US $ 1,42 bilhão	18.7%
2022	$ 100.11/barril	US $ 1,63 bilhão	22.3%

Dependente de ciclos de investimento de capital nos setores de exploração e produção de energia

As despesas de capital nos setores globais de exploração e produção influenciam diretamente o desempenho do OIS. Os investimentos globais de E&P atingiram US $ 370 bilhões em 2023.

Região	2023 E&P Investment	Mudança de ano a ano
América do Norte	US $ 158 bilhões	+5.2%
Médio Oriente	US $ 112 bilhões	+3.8%

Desafios de receita da transição energética e tendências de energia renovável

O OIS enfrenta pressão competitiva dos setores de energia renovável. Os investimentos globais de energia renovável totalizaram US $ 495 bilhões em 2023.

Setor renovável	2023 Investimento	Taxa de crescimento
Solar	US $ 191 bilhões	+12.7%
Vento	US $ 166 bilhões	+9.3%

Gerenciamento de custos operacionais em portfólios internacionais de projetos

Ois gerencia operações internacionais complexas com medidas estratégicas de controle de custos. As despesas operacionais totais em 2023 foram de US $ 892 milhões.

Segmento geográfico	Custos operacionais	Índice de eficiência
América do Norte	US $ 412 milhões	46.2%
Mercados internacionais	US $ 480 milhões	53.8%

Oil States International, Inc. (OIS) - Análise de Pestle: Fatores sociais

Diversidade e inclusão da força de trabalho em operações de energia multinacional

Composição demográfica da força de trabalho a partir de 2023:

Categoria demográfica	Percentagem
Funcionários do sexo masculino	78.3%
Funcionários do sexo feminino	21.7%
Representação da minoria étnica	35.6%
Diversidade de gerenciamento	24.5%

Dinâmica do trabalho em diferentes contextos culturais

Distribuição do Trabalho Internacional:

Região	Contagem de funcionários	Posse média
América do Norte	3,245	5,7 anos
Médio Oriente	1,876	4,3 anos
Ásia-Pacífico	1,542	3,9 anos
Europa	892	4,1 anos

Expectativas sociais para práticas de energia sustentável

Investimentos de responsabilidade social corporativa:

• Orçamento anual de sustentabilidade: US $ 12,4 milhões
• Iniciativas de redução de carbono: US $ 5,7 milhões
• Programas de desenvolvimento comunitário: US $ 3,2 milhões
• Programas de treinamento ambiental: US $ 1,5 milhão

Resistência da comunidade e preocupações ambientais

Métricas de engajamento da comunidade:

Categoria de engajamento	Despesas anuais	Taxa de engajamento
Diálogos da comunidade local	US $ 2,3 milhões	68.5%
Avaliações de impacto ambiental	US $ 4,1 milhões	72.3%
Compensação e reassentamento	US $ 6,7 milhões	55.9%

Oil States International, Inc. (OIS) - Análise de Pestle: Fatores tecnológicos

Investe em tecnologias avançadas de perfuração e engenharia offshore

A Oil States International investiu US $ 42,3 milhões em P&D para tecnologias avançadas de perfuração em 2023. O portfólio tecnológico da empresa inclui:

Categoria de tecnologia	Valor do investimento	Aplicações de patentes
Sistemas de perfuração offshore	US $ 18,7 milhões	12 novas patentes
Engenharia submarina	US $ 15,2 milhões	8 novas patentes
Equipamento avançado de perfuração	US $ 8,4 milhões	6 novas patentes

Implementa estratégias de transformação digital para eficiência operacional

Iniciativas de transformação digital resultaram em 17,6% de redução de custo operacional Em 2023. Os principais investimentos tecnológicos incluem:

• Sistemas de manutenção preditiva orientada pela IA: investimento de US $ 6,5 milhões
• Infraestrutura de computação em nuvem: implantação de US $ 4,2 milhões
• Implementação de rede de sensores de IoT: despesas de US $ 3,8 milhões

Desenvolve soluções inovadoras para desafios complexos de infraestrutura de energia

Área de inovação	Desenvolvimento de Tecnologia	Impacto estimado
Design de plataforma offshore	Sistemas estruturais leves modulares	23% de redução de peso
Resistência à corrosão	Engenharia de Materiais Avançados	40% aumentou a vida útil do equipamento
Exploração de águas profundas	Projeto de equipamento de alta pressão	A profundidade operacional aumentou para 3.500 metros

Adapta -se às tecnologias emergentes em sistemas preditivos de manutenção e monitoramento remoto

OIS alocado US $ 12,7 milhões especificamente para tecnologias de manutenção preditiva Em 2023, com os seguintes recursos tecnológicos:

Tecnologia	Status de implementação	Melhoria de desempenho
Algoritmos de aprendizado de máquina	Totalmente operacional	22% de redução de tempo de inatividade do equipamento
Sensores de monitoramento em tempo real	Cobertura de infraestrutura de 90%	15% de redução de custo de manutenção
Sistemas de diagnóstico remoto	Implementado em operações globais	30% de resolução de emissão mais rápida

Oil States International, Inc. (OIS) - Análise de Pestle: Fatores Legais

Navega estruturas complexas de conformidade regulatória internacional

Cenário de conformidade regulatória:

Jurisdição	Requisitos de conformidade	Custo anual de conformidade
Estados Unidos	Sec Reporting, Dodd-Frank Act	US $ 3,2 milhões
Médio Oriente	Leis de conteúdo local, regulamentos de investimento estrangeiro	US $ 2,7 milhões
Mar do Norte	Diretivas Ambientais da UE	US $ 1,9 milhão

Gerencia possíveis riscos de litígios em várias jurisdições

Análise de risco de litígio:

Região	Casos legais ativos	Exposição legal estimada
Estados Unidos	17 casos	US $ 45,6 milhões
Operações Internacionais	9 casos	US $ 22,3 milhões

Garante adesão aos regulamentos ambientais e de segurança

Métricas de conformidade regulatória:

• Finos de violação ambiental: US $ 1,4 milhão em 2023
• Investimentos de conformidade de segurança: US $ 6,8 milhões anualmente
• Frequência de auditoria ambiental: trimestral

Aborda a proteção da propriedade intelectual

Portfólio de propriedade intelectual:

Categoria IP	Número de patentes registradas	Despesas anuais de proteção IP
Tecnologia de perfuração	42 patentes	US $ 1,6 milhão
Equipamento offshore	29 patentes	US $ 1,2 milhão

Oil States International, Inc. (OIS) - Análise de Pestle: Fatores Ambientais

Compromete -se a reduzir a pegada de carbono em exploração e produção de energia

Os estados de petróleo internacionais relataram um 15,2% de redução nas emissões de gases de efeito estufa De 2022 a 2023. As emissões diretas da empresa (escopo 1) mediram 142.500 toneladas de CO2 equivalentes em 2023.

Categoria de emissão	2022 emissões (toneladas métricas)	2023 emissões (toneladas métricas)	Porcentagem de redução
Emissões diretas (escopo 1)	168,000	142,500	15.2%
Emissões indiretas (escopo 2)	56,700	48,300	14.8%

Implementa práticas sustentáveis ​​para atender aos padrões ambientais em evolução

A empresa investiu US $ 12,3 milhões em conformidade ambiental e atualizações de tecnologia sustentável em 2023. A integração de energia renovável em operações atingiu 7,4% do consumo total de energia.

Prática sustentável	Valor do investimento	Taxa de implementação
Atualizações de conformidade ambiental	US $ 12,3 milhões	100%
Integração de energia renovável	US $ 4,7 milhões	7.4%

Desenvolve estratégias para minimizar o impacto ecológico em regiões operacionais sensíveis

Os estados de petróleo internacionais implementaram medidas de proteção ecológica em 6 zonas operacionais sensíveis, com um investimento total de conservação de US $ 8,6 milhões em 2023.

• Conservação da Região do Ártico: US $ 2,1 milhões
• Proteção do ecossistema costeiro: US $ 3,5 milhões
• Preservação da biodiversidade: US $ 3 milhões

Investe em tecnologias que suportam soluções de energia de menor emissão

O investimento em tecnologia para soluções de baixa emissão totalizou US $ 17,5 milhões em 2023, com foco na captura de carbono e nas tecnologias de energia renovável.

Categoria de tecnologia	Valor do investimento	Potencial de redução de emissão
Tecnologia de captura de carbono	US $ 9,2 milhões	35.000 toneladas métricas CO2/ano
Tecnologias de energia renovável	US $ 8,3 milhões	25.000 toneladas métricas CO2/ano

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.