OneSubsea and Innovex Sign Master Service Agreement for Subsea Wellhead Technology

HOUSTON--(BUSINESS WIRE)--Feb 24, 2025--

Innovex International, Inc. (NYSE: INVX) (“Innovex”), a leading provider of products and technologies to the oil and gas industry, today announced the signing of a strategic Frame Agreement with SLB OneSubsea, for the supply of subsea wellhead systems.

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This agreement establishes a standard framework for enhanced collaboration, paving the way for faster development of future business opportunities, strengthening the long-standing relationship between OneSubsea and Dril-Quip (now Innovex).

“This strategic agreement with OneSubsea underscores our commitment to continuously enhance and optimize our product offerings for our customers,” said Adam Anderson, CEO of Innovex. “This collaboration further deepens our relationship with OneSubsea, enabling us to deliver integrated solutions, faster, addressing the evolving needs of the global energy sector. We are excited about the tremendous opportunities this agreement brings and are eager to provide enhanced value across the industry.”

About Innovex International

Innovex International, Inc (NYSE: INVX) is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc and Innovex Downhole Solutions.

Our comprehensive portfolio extends throughout the lifecycle of the well; and innovative product integration ensures seamless transitions from one well phase to the next, driving efficiency, lowering cost, and reducing the rig site service footprint for the customer.

With locations throughout North America, Latin America, Europe, the Middle East and Asia, no matter where you need us, our team is readily available with technical expertise, conventional and innovative technologies, and ever-present customer service.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the performance and benefits of the Company's products. Forward-looking statements are based upon certain assumptions and analyses made by the Company in light of its experience and other factors. These statements are subject to risks beyond the Company's control, including, but not limited to, operating risks and other factors detailed in the Company's public filings with the Securities and Exchange Commission. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual outcomes may vary materially from those indicated.

OneSubsea and Innovex Sign Master Service Agreement for Subsea Wellhead Technology (Photo: Business Wire)

WEST SACRAMENTO, Calif. (AP) — Brent Rooker homered twice and had a career-high six RBIs, including a three-run shot in the bottom of the 10th inning that gave the Athletics a 12-10 victory over the Houston Astros on Sunday.

Tyler Soderstrom hit a bases-loaded triple and scored three times for the Athletics, who rebounded from an 11-0 defeat Saturday and took two of three games from Houston for their first series win this season.

Shaking off a cold start at the plate, Rooker launched his first homer of the year in the seventh. The two-run shot snapped a 5-all tie and sparked a four-run inning. It was his 100th homer with the A’s, who finished with 16 hits.

Houston pulled even with four runs in the eighth. Jake Meyers homered, Jose Altuve had an RBI double and Cam Smith tied it at 9 with a two-run single.

Carlos Correa gave the Astros a 10-9 lead with an RBI single in the 10th before Rooker connected against Bryan Abreu (0-1).

Yordan Alvarez and Christian Walker each had a two-run homer for Houston.

Elvis Alvarado (1-0) got two outs for the win. Athletics starter Jacob Lopez struck out six in 4 1/3 innings. He allowed three hits, three runs and five walks.

Lance McCullers Jr. gave up three runs and five hits in four innings for the Astros.

The Astros continue their 10-game trip Monday at Colorado, where Rockies RHP Ryan Feltner (0-0, 0.00 ERA) gets the ball. Houston had not announced a scheduled starter to replace RHP Hunter Brown (1-0, 0.84), who was placed on the 15-day injured list with a right shoulder strain.

The Athletics have an off day Monday before facing the Yankees in the Bronx on Tuesday night. RHP Aaron Civale (1-0, 3.60 ERA) pitches against New York RHP Cam Schlittler (2-0, 0.00).

AP MLB: https://apnews.com/hub/mlb

Houston Astros pitcher Lance McCullers Jr. throws to the Athletics during the second inning of a baseball game, Sunday, April 5, 2026, in West Sacramento, Calif. (AP Photo/Sara Nevis)

Athletics' Tyler Soderstrom (21) hits a three-run triple during the fifth inning of a baseball game against the Houston Astros, Sunday, April 5, 2026, in West Sacramento, Calif. (AP Photo/Sara Nevis)

Houston Astros catcher Yainer Diaz (21) attempts to get Athletics' Max Muncy (3) out at home during the seventh inning of a baseball game Sunday, April 5, 2026, in West Sacramento, Calif. (AP Photo/Sara Nevis)

Athletics' Lawrence Butler, left, and Max Muncy dump Gatorade on Brent Rooker, right, after he hit a walk-off three-run home run during the tenth inning of a baseball game against the Houston Astros Sunday, April 5, 2026, in West Sacramento, Calif. (AP Photo/Sara Nevis)

Athletics' Brent Rooker runs the bases after hitting a walk-off three-run home run during the 10th inning of a baseball game against the Houston Astros Sunday, April 5, 2026, in West Sacramento, Calif. (AP Photo/Sara Nevis)