national oilwell varco

National Oilwell Varco, Inc. today reported first quarter 2020 revenues of $1.88 billion, compared to $2.28 billion for the fourth quarter of 2019 and $1.94 billion for the first quarter of 2019. Net loss for the first quarter of 2020 was $2.05 billion, which included non-cash, pre-tax charges (“other items”, …

National Oilwell Varco, Inc. (NYSE: NOV) today reported third quarter 2019 revenues of $2.13 billion, compared to $2.13 billion for the second quarter of 2019 and $2.15 billion for the third quarter of 2018. Net loss for the third quarter of 2019 was $244 million, which included non-cash, pre-tax charges (“other items”, see Other Corporate Items for …

National Oilwell Varco, Inc. today announces the sale of two 20,000-psi (20K) blowout preventer (BOP) stacks to Transocean, becoming the first oilfield equipment manufacturer to successfully design, engineer and sell such a package. NOV’s 20K BOP stack is designed to optimize uptime and reduce unplanned stack pulls, reaffirming the company’s commitment …

National Oilwell Varco, Inc. (NYSE: NOV) today reported first quarter 2019 revenues of $1.94 billion, a decrease of 19 percent compared to the fourth quarter of 2018 and an increase of eight percent from the first quarter of 2018. Operating loss for the first quarter of 2019 was $48 million, net loss was $77 …

1. Through 2018 we have seen an ever increasing demand for Top Drives throughout the Russian Federation. What do you feel are the key factors which have driven top drive adoption in the region over the last few years? National Oilwell Varco: Increase of directional drilling, increase of safety requirements …

National Oilwell Varco, Inc. (NYSE: NOV) today announced that it expects to report first quarter 2019 revenues of $1.94 billion, which is below prior expectations. “The severity of the decline in demand for oilfield equipment resulting from the sharp fall in oil prices during late 2018, further compounded by capital austerity that …

National Oilwell Varco, Inc. today announced that its Board of Directors declared the regular quarterly cash dividend of $0.05 per share of common stock, payable on March 29, 2019 to each stockholder of record on March 15, 2019. About NOV National Oilwell Varco is a leading provider of technology, equipment, …

National Oilwell Varco, Inc. (NYSE: NOV) today reported third quarter 2018 revenues of $2.15 billion, an increase of two percent compared to the second quarter of 2018 and an increase of 17 percent from the third quarter of 2017. Operating profit for the third quarter of 2018 was $73 million, or 3.4 percent …

NOV recently launched the Tolteq™ iSeries near-bit sub (iNBS), which is a near-bit tool that provides real-time inclination and azimuthal gamma data for geosteering applications. The dynamic inclination measurement from the iNBS tool allows for continuous monitoring of well-trajectory progression while drilling. The iNBS tool connects with our Tolteq iSeries …

National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and …