national oilwell varco

Jun. 18, 2018– National Oilwell Varco, Inc. (NYSE: NOV) today announced the commercial launch of GoConnect™ condition monitoring services for intervention and stimulation equipment, which provides real-time process monitoring, predictive analytics, and condition-based maintenance capabilities for NOV’s pressure pumping, coiled tubing, nitrogen, and wireline equipment. The GoConnect system uses machine learning to provide data-driven …

National Oilwell Varco, Inc. (NYSE: NOV) today reported a fourth quarter 2017 net loss of $14 million, or $0.04 per share. Revenues for the fourth quarter were $1.97 billion, an increase of seven percent compared to the third quarter and an increase of 16 percent from the fourth quarter of 2016. Operating loss for the …

Construction continues on our nearly completed Kostroma train rig in Russia. The winterized rig is designed to protect crew and equipment from extreme cold weather, and operate at -40°C. The train rig was engineered by NOV engineers in Russia, Canada, and the United States, providing the optimal combination of NOV …

Vallourec announces that, after negotiations run with the US oil services company NOV, it has received a binding offer for the purchase of Vallourec Drilling Products business, for a total cash amount of US$63 million. This offer covers all of Vallourec’s industrial activities related to Vallourec Drilling Products in North …

Here at TMG Worldwide – we are well known for organizing and hosting some of the largest and most well attended drilling and completion forums in the CIS. And we don’t want you to just take our word for it – read what our past and present delegates say about …

National Oilwell Varco, Inc. announced today the introduction of several new proprietary technologies to its completion tools portfolio: Bulldog Frac™ – a sliding-sleeve annular fracturing system that provides pinpoint accuracy, zonal isolation, and improved reliability; Bullmastiff™ – a ball-drop openhole sliding-sleeve sand control fracturing system; Rottweiler™ – a product family …

Flotek Industries, Inc. has entered into a definitive agreement to divest its Drilling Technologies segment to National Oilwell Varco, L.P. (“NOV”) for a total consideration of $17.0 million, subject to normal working capital adjustments. The transaction is expected to close by mid-May. In-line with the Company’s ongoing initiatives, proceeds will …

National Oilwell Varco, Inc. today reported a fourth quarter 2016 net loss of $714 million, or $1.90 per share. Excluding other items, net loss for the quarter was $57 million, or $0.15 per share. Other items totaled $706 million, pretax, and were primarily associated with inventory charges, facility closures, and severance. Revenues for the fourth quarter of …

National Oilwell Varco, Inc. today announced that it is expanding the operations of its Fiber Glass Systems business unit with a new composite pipe manufacturing facility located near the city of Dammam, Saudi Arabia. “Our decision to localize manufacturing operations in the Kingdom of Saudi Arabia demonstrates our commitment to …

Akastor ASA, an oil service investment company, has entered into a definitive agreement to sell Fjords Processing to National Oilwell Varco for a consideration of NOK 1,200 million on a debt- and cash-free basis. Fjords is a global leader in complete process support systems for gas, oil and water, and …