NOV CEO Clay Williams sat down for an exclusive interview with Jessica Morales and HartEnergy.com. Williams speaks candidly about ideas in the oil field and why he takes pride in getting ideas out first.
“Our company dates back to 1862, so we are from the first days of the oil field and we shake up everything, every chance we get. Philosophically, I think, if there is a better idea, a better way of doing things out there, then we need to be a leader in bringing that to market and if we don’t someone else will. We have always prided ourselves on being first to market with better ideas,” said Williams.
View Part Two: NOV’s Preparations For Offshore Recovery, Reducing Costs
The parties must now renegotiate a deal that would transfer Breitburn's Permian reserves to investors including Elliott and WL Ross through their participation in a $775 million rights offering.
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
The Houston-based company, which provides drilling and well completion services, plans to sell around 9.3 million shares at between $12 and $15 per share in coming days.