![]() Leverages its expertise in the more advanced product to develop less costly and less complex versions of the product, for less-demanding applications It tries to design the most advanced version of an application - to establish its reputation and qualification in that product ( FMC) and Aker Solutions (AKSO).Ĭomments: Offshore oil and gas drilling is a capital intensive sector and the players in it need size, connections, or good survival instincts to survive in it.ĭRQ has a system for product development: ( SLB)/Cameron International Corporation ( CAM) joint venture), FMC Technologies Inc. Named competitors are GE Oil and Gas ( GE), formerly Vetco Gray and production equipment segments of OneSubsea (a Schlumberger Ltd. In addition, some of those competitors are diversified-and bigger-multinationals. It said, "In 20, the Company's top 15 customers represented approximately 61% of total revenues and Chevron and its affiliated companies accounted for approximately 12% and 10%, respectively, of total revenues."īacklogged orders at the end of 2015 were down 43% from the year before, from $1.2-billion at the end of 2014 to $685-million at the end of last year.Ĭomments: DRQ is a specialist in offshore drilling equipment, but even within that segment it specializes as a developer of subsea products (versus surface and oil rig equipment).ĭril-Quip says it faces "significant competition" from others in the industry. The company does not depend heavily on any particular customer. Technical advisory assistance and rental and service revenues for rework and reconditioning services. Specialty connectors and associated pipe, as well as drilling and production riser systems, liner hangers, wellhead connectors and diverters This highly-engineered equipment is used in deepwater, harsh environment and severe service applications (unless otherwise noted, all information in this section comes from the company's 10-K for 2015). The company designs, manufactures, sells and services offshore drilling and production equipment. History based on information at Reference for Business. While visiting our proud and historic city, we encourage you to visit this downtown treasure which has served as a vault for Terre Haute memories since 1922.In this article, we will take a closer look at Dril-Quip and ask if it should be on our radar as we wait for oil prices to pick up again.ġ981: Founding of the company, by four partners, in Houston, TX.ġ983: Opening of a European Division in Scotland.ġ990: Setting up a sales, service and manufacturing facility in Singapore.ġ997: Going public on the New York Stock Exchange, symbol DRQ. Through restoration efforts which began in May 2013, the Indiana Theatre’s heritage has been preserved and the Indiana has been reborn as a 1,600 seat full service event center which can host a wide range of community gatherings that include live entertainment, performing arts, cinema, wedding events, and fundraisers. Throughout its rich history, the Theatre has hosted a wide range of events that have included vaudeville, cinema, performing arts and community celebrations of all types. Barhydt to be a lasting gift to the city of Terre Haute and it was designed by America’s preeminent designer John Eberson to be his first prototype “Atmospheric Theatre” which became his signature style that is recognized to be the gold standard of American theatre design. The Theatre was built by Terre Haute resident T.W. This iconic Terre Haute landmark opened on January 28, 1922, and occupies a special place in American theatre architecture design.
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