National Oilwell Varco Inc. (NYSE: NOV) today announced that it is expanding the operations of its Fiber Glass Systems business unit with a new composite pipe manufacturing facility located near the city of Dammam, Saudi Arabia. “Our decision to localize manufacturing operations in the Kingdom of Saudi Arabia demonstrates our commitment to provide industry-leading products and services for our customer base in the [...]
National Oilwell Varco Inc. (NYSE: NOV) has completed its previously announced acquisition of Fjords Processing, a global leader in the provision of processing technology, systems and services to the upstream oil and gas industry. “Fjords Processing has a long and rich history of developing and providing innovative technologies related to separation, water treatment, and oil and gas processing solutions,&rdquo [...]
National Oilwell Varco Inc. (NYSE: NOV) will hold a conference call to discuss its fourth quarter and full-year 2016 results on Tuesday, February 7, 2017 at 8:00 AM Central Time (9:00 AM Eastern Time). A press release regarding the Company’s results will be issued prior to the call. Interested parties are invited to participate on the call by dialing +1 (844) 464-3148 or +1 (574) 990-9849 if calling internationally [...]
National Oilwell Varco Inc. (NYSE:NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on December 16, 2016 to each stockholder of record on December 2, 2016. National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations and the provision [...]
National Oilwell Varco Inc. (NYSE: NOV) today reported a third quarter 2016 net loss of $1.36 billion, or $3.62 per share. Excluding other items, net loss for the quarter was $128 million, or $0.34 per share. Other items totaled $1.09 billion, pretax, consisting of a $972 million goodwill impairment and $116 million of other charges primarily associated with severance, facility closures and write-offs of certain assets [...]
National Oilwell Varco Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on September 30, 2016 to each stockholder of record on September 16, 2016. National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations and the [...]
National Oilwell Varco Inc. (NYSE: NOV) will hold a conference call to discuss its third quarter results on Thursday, October 27, 2016 at 8:00 AM Central Time (9:00 AM Eastern Time). A press release regarding the Company’s results will be issued prior to the call. Interested parties are invited to participate on the call by dialing +1 (844) 464-3148 or +1 (574) 990-9849, if calling internationally, approximately ten [...]
National Oilwell Varco Inc. (NYSE:NOV) announced today that Isaac H. Joseph has been promoted to President, Wellbore Technologies. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160804005385/en/ Isaac H. Joseph, President, Wellbore Technologies (Photo: Business Wire) Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, stated [...]
National Oilwell Varco Inc. (NYSE:NOV) today reported a second quarter 2016 net loss of $217 million, or $0.58 per share. Excluding other items, net loss for the quarter was $114 million, or $0.30 per share. Other items included $143 million in pre-tax charges ($103 million net of tax) primarily associated with severance, facility closure costs, and write-off of certain fixed assets. Revenues for the second quarter of [...]
National Oilwell Varco Inc. (NYSE: NOV) and GE Oil & Gas announced today the execution of an agreement to collaborate on delivering integrated solutions for Floating Production Storage and Offloading (FPSO) vessels. The agreement brings together the complementary product offerings and engineering capabilities from two industry leaders to optimize engineering design and supply comprehensive topside solutions for FPSO [...]
National Oilwell Varco Inc. (NYSE:NOV) announced today that it has entered into a definitive agreement to acquire the completion tools business of Trican Well Service Ltd. (TSX:TCW). The business designs and sells a range of innovative and patented downhole tools for multi-stage fracturing and multi-zone completions in North America and select international markets. Clay Williams, NOV’s Chairman, President and Chief [...]
National Oilwell Varco Inc. (NYSE: NOV) announced today that it has introduced an advancement in Radio Frequency Identification (RFID) technology and asset management software for the oil and gas industry. NOV’s latest generation RFID tag, TracTagTM, has been field-proven to withstand extreme drilling conditions when installed on drillstring components. The tag is currently the only RFID technology in the industry [...]
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