National Oilwell Varco Inc. revealed plans to change its corporate name to NOV Inc., effective January 1, 2021. The company’s ticker symbol, NOV, will remain unchanged.
“Our company has a long and proud legacy of innovation and technology dating back to the earliest days of the oilfield. We are committed to continuously improving the drilling and production operations of our customers,” Clay Williams, NOV chairman, president and CEO, said. “As the world looks to expand its energy portfolio to lower-carbon sources, we find our core engineering, manufacturing and project management expertise is providing new and exciting opportunities within this transition. The corporate name change reflects the company’s broadening mission within energy to continue to drive economic efficiency and safety, as we have done for decades within traditional oil and gas.”
January 2021: Mississippi Canyon Block 503 discovery: 2,930 bbl of oil, 8.64 MMcf of gas per day
Service providers and operators innovate to ensure record production continues.
The latest discovery was made by the Mako-1 well drilled about 10 km southeast of the Liza Field.