NOV Inc.
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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
Tech Trends: AI Increasing Data Center Demand for Energy
In this month’s Tech Trends, new technologies equipped with artificial intelligence take the forefront, as they assist with safety and seismic fault detection. Also, independent contractor Stena Drilling begins upgrades for their Evolution drillship.
Stena Evolution Upgrade Planned for Sparta Ops
The seventh-gen drillship will be upgraded with a 20,000-psi equipment package starting in 2026.
Rystad: More Deepwater Wells to be Drilled in 2024
Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
NOV Declares Regular Quarterly Cash Dividend
NOV’s dividend is payable March 28 to stockholders on record by March 14.
NOV's AI, Edge Offerings Find Traction—Despite Crowded Field
NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.
NOV Appoints Patricia Melcher to Board
The appointment of Patricia Melcher to NOV Inc.’s board brings the number of directors to nine, eight of which are independent.
Personless Rig Floor Could Be Coming Soon
NOV’s CTO David Reid talks with Hart Energy's Jennifer Pallanich on the safety implications of removing the driller’s cabin from the rig floor.
Tapping into Synergies, NOV Looks to Grow Solar
NOV, a service company known for its prowess in the oil patch, is moving deeper into renewables with a focus on solar trackers and rack systems.
NOV Makes Way into Renewables with Solar Tracking Innovation
NOV details expanding its focus from oil and gas to the solar sector by leveraging its 150 years of experience in the energy industry, in this Hart Energy LIVE Exclusive.
Exclusive: 'Always Look for Problems to Solve': David Reid on Making Industry Change
David Reid, CTO and CMO at NOV Inc. guides readers and the youth to give back and be a part of the change in both the energy industry and in everyday life, in this Hart Energy LIVE Exclusive interview.
Exclusive: NOV Applying Oil Drilling Tech to Hot Rock
NOV CTO David Reid talks about adapting oilfield technology for geothermal applications in this Hart Energy LIVE Exclusive interview.
NOV Declares Regular Quarterly Dividend
NOV Inc. stated that the dividend will be payable on Dec. 22 to each stockholder of record on December 8, 2023.
NOV Announces Retirements, Reorganization of Operational Segments
NOV inc. stated it will be consolidating its reporting structure to drive operational and financial efficiencies into two segments: energy equipment and energy products and services.
NOV and the Nature of Reinvention
CEO Clay Williams breaks down the energy transition and NOV’s role in the industry’s evolution.
NOV Chief Clay Williams ‘Bullish’ on International, Offshore Growth
Outperformance by rig technologies and completions/productions businesses pushed NOV Inc.’s fourth-quarter 2022 revenue to more than $2 billion, beating Wall Street estimates for a third consecutive quarter.