Houston based oilfield services company NOV Inc. announced the retirement of Isaac Jospeh, president of wellbore technologies and Kirk Shelton, president of completion and production solutions, effective Dec. 31, the company said on Oct. 26.
“I would like to thank both Isaac and Kirk for their many contributions to NOV throughout the years,” said Clay William, chairman, president and CEO of NOV. “Their leadership and mentorship have had an immeasurable positive impact on both the company and the many people they have led throughout the years.”
Additionally, NOV stated it will be consolidating its reporting structure to drive operational and financial efficiencies into two segments: energy equipment and energy products and services.
The energy equipment segment, led by president of rig technologies Joe Rovig, will consist of the company’s longer cycle capital equipment businesses including rig technologies, intervention and stimulation equipment and other project-based businesses, according to the release.
The energy products and services segment, led by the segments appointed president Scott Livingston, will consist of NOV’s shorter cycle transactional businesses including Tuboscope pipe coating and inspection, ReedHycalog drill bits, downhole tools and motors, Grant Prideco drill pipe, MD Totco and NOV’s fiberglass solutions.
The reorganization and the appointments of Rovig and Livingston will be effective Jan. 1, 2024, the company said.
Recommended Reading
Seatrium Awarded Contract for FPSO Bound for Guyana’s Stabroek
2024-05-17 - The topsides fabrication and integration contract will be for the FPSO Jaguar, bound for the Whiptail Field in the Stabroek block offshore Guyana for Exxon Mobil.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks: Baker Hughes
2024-05-17 - The oil and gas rig count rose by one to 604 in the week to May 17.
BPX Looks to Ramp US Production Over 60% by 2030
2024-05-16 - BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
Empire Petroleum’s Williston Drilling Program Identifies New Zones
2024-05-16 - Empire Petroleum provided updates on its Williston Basin development drilling program in its first quarter 2024 earnings results.