Forum Energy Technologies

Forum Energy Technologies (FET) is an international oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry.[2] It was formed in the summer of 2010 in a five-way merger among Forum Oilfield Technologies, Triton Group, Subsea Services International, Global Flow Technologies and Allied Technology.[3]

Forum Energy Technologies, Inc.
TypePublic company
NYSE: FET
Russell 2000 Component
IndustryOil and Gas Equipment, Services
FoundedIncorporated in 2005 (2005)
Renamed from Forum Oilfield Technologies, Inc. to Forum Energy Technologies, Inc. in August 2010 (2010-08)
HeadquartersHouston, Texas, United States
Key people
C. Christopher Gaut
(Chairman & CEO)
James W. Harris
(Executive VP & CFO)
ProductsDrilling & Subsea
Completions
Production & Infrastructure
Revenue US$ 587.64 million (2016)
US$ -128.95 million (2016)
US$ -81.95 million (2016)
Total assets US$ 1.84 billion (2016)
Total equity US$ 1.24 billion (2016)
Number of employees
~2,050 (2016)
Websitewww.f-e-t.com
Footnotes / references
[1]

Business Segments

Summary:[4]

  • Drilling & Subsea: subsea solutions, downhole products, drilling products.
  • Production & Infrastructure: flow equipment, surface process and pipeline equipment, valve solutions.

Business Partnership

Dennis Uy's Udenna Corporation bought 100 million common shares of Atok-Big Wedge Co. Inc. at the negotiated price of P2.00 per share or a total of P200,000,000. Dennis Uy is also a director and vice chairman of Atok-Big Wedge. He has an existing 1,000 direct shares in the company.[5] Atok-Big Wedge Co, Inc. a listed corporation in PSE, has 20% ownership of United Kingdom-based Forum Energy Ltd. which has the right of oil exploration in SC72 in the west Philippine Sea. Forum Energy Ltd. has an ongoing talks with China for joint oil exploration after President Duterte a close friend of Dennis Uy lift the moratorium on oil exploration.[6]

References
  1. "US SEC: Form 10-K Forum Energy Technologies, Inc". U.S. Securities and Exchange Commission. Retrieved February 20, 2018.
  2. "Company Information". New York Stock Exchange. Retrieved 14 July 2015.
  3. "About Us & Investors Notes". Forum Energy Technologies. Retrieved 14 July 2015.
  4. "Form S-1". United States Securities and Exchange Commission. Retrieved 14 July 2015.
  5. https://news.abs-cbn.com/business/07/16/19/udenna-corp-buys-100-million-shares-in-mining-firm-atok-big-wedge
  6. https://www.bworldonline.com/atok-bid-wedge-keeps-forum-stake/
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