Forum Energy Technologies (FET) Fireside Chat summary

Introduction and agenda

• Discussion included forward-looking statements and focused on technology solutions for oil, gas, industrial, and renewable energy sectors.

Background and experience of the speaker

• Many engineers and leaders have hands-on field experience and have worked for customers, enabling deep understanding of product use and improvement.

Current industry trends

• Customers seek to recover more hydrocarbons cost-effectively, driving demand for advanced technology solutions.

• Industry consolidation, such as recent oil sands asset sales, can create new demand opportunities.

• Electrification of oil fields and rising power demand, especially in regions like West Texas, are shaping product needs.

• Energy transition markets, including emissions reduction, renewables, and carbon capture, are gaining traction.