NOV Inc.
About
NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.
NOV changed its name from National Oilwell Varco Inc. effective Jan. 1, 2021.
Editor's note: Updated Jan. 4, 2021.
Transactions
Saudi Aramco, NOV Form JV To Make Onshore Oil Rigs, Equipment
Saudi Aramco, NOV Form JV To Make Onshore Oil Rigs, Equipment
Flotek Divests Drilling Tech Segment To NOV
Flotek Divests Drilling Tech Segment To NOV
National Oilwell Varco Completes Acquisition Of Fjords Processing
National Oilwell Varco Completes Acquisition Of Fjords Processing
National Oilwell Varco Completes Acquisition Of Fjords Processing
National Oilwell Varco Completes Acquisition Of Fjords Processing
Trican Closes Sale Of Completion Tools Business To NOV
Trican Closes Sale Of Completion Tools Business To NOV
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New Financings
National Oilwell Varco Inc. issued a notice to redeem a portion of its 2.60% senior notes due…
Authorized a share repurchase program to purchase up to $500 million of the company's outstanding…
The board approved a public and private buyback program for outstanding common shares that will be in…
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News
Dividends Declared Week of May 19
Here is a compilation of dividends declared from select upstream, midstream and service and supply companies for the week of May 19.
Breaking the Efficiency Barrier: Permian OFS Firms Race to Improve
Service companies such as NOV and ChampionX, working with operators, are optimizing well designs to boost well productivity and ultimately lower costs as shale production growth slows.
NOV CEO Sees ‘Even Playing Field’ with Global Tariff Battles
NOV Inc.’s CEO Clay Williams said he expects inflationary impacts and extended lead times as all global manufacturers simultaneously try “to rewire their supply chains.”
Oilfield Services Outlook Goes from Not Great to Not Good
Piper Sandler Analyst Derek Podhaizer studied how the market reacted to previous price shocks to determine the 2025 playbook for the oilfield services sector.
Dividends Declared Week of Feb. 17
2024 year-end earnings season is underway. Here is a compilation of dividends declared from select upstream, midstream, downstream and service and supply companies.
Small Steps: The Continuous Journey of Drilling Automation
Incremental improvements in drilling technology lead to significant advancements.
Permanent Magnets Emerge as a Game-Changer for ESP Technology
In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
NOV Appoints Former Denbury CEO Chris Kendall to Board
NOV Inc. appointed former Denbury CEO Chris Kendall to its board, which has expanded to 11 directors.
As Upstream M&A Settles, Oilfield Services Gear Up for More Deals
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
Belcher: The Growing Nexus of Nuclear, Oil and Gas
Nuclear has a capacity factor of 92.5%, the highest of any source of electricity, not to mention near-zero greenhouse gas emissions.
A Tale of Two Strategies: How Baker Hughes, NOV are Traversing the Natural Gas Age
Natural gas demand is on the rise, and with that comes a flurry of measures to capitalize on evolving market needs. How are Baker Hughes and NOV navigating the changing energy landscape?
Oil, Gas Execs: To Scale Up CCS, Standardize
Executives from Aethon Energy, Aker Solutions, Chevron and NOV said efficiency and repeatability—not cramming new technologies into every venture—are key to lowering costs associated with capturing CO2.
How Chevron’s Anchor Took on the ‘Elephant’ in the GoM’s Deepwater
First oil at Chevron's deepwater Anchor project is a major technological milestone in a wider industry effort to tap giant, ultra-high-pressure, high-temperature reservoirs in the Gulf of Mexico.
Cormetech Appoints Patricia Martinez to President, CEO
Cormetech’s former President & CEO Mike Mattes will now serve as chairman of the board.
EQT: Glut of Low Carbon Tech Like ‘Manhattan Project on Steroids’
Executives at EQT, NOV and Oxy Low Carbon Ventures discussed technology, scalability and other energy transition needs at a recent SPE conference.