RTI Energy Systems Inc.
About
RTI Energy Systems Inc. (RTIES) is a leading manufacturer of production riser technologies for deepwater applications within the offshore oil and gas industry. The company is an operating subsidiary of Arconic Inc., a global leader in lightweight metals engineering and manufacturing based in the U.S.
RTIES’s product portfolio incorporates proprietary technology and know-how which is protected by a number of patents. RTIES is unique within the industry as the only supplier of titanium stress joints, providing a more reliable, compact and lower total cost alternative to flexible joints and steel tapered stress joints. RTIES’s customer base includes major exploration and production groups and primary suppliers to the industry. In addition to these product lines, RTIES generates revenue from the fabrication and precision machining of components used in the oil and gas industry, as well as providing inspection and maintenance services for customers. RTIES has historically focused its business on the Gulf of Mexico with its products being used in many deepwater and ultradeepwater projects in the region.
Editor's note: Updated Aug. 20, 2019.
Headquarters Address
United States
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News
Hunting Acquires RTI Energy Systems
Hunting Plc, the international energy services group, said Aug. 16 it has completed the acquisition of the business and assets of RTI Energy Systems Inc. (RTIES) for a total cash consideration of $12.5 million.