Technology Roundtable: Lost Circulation
1. In which regions of Russia are lost circulation issues consistently found? Halliburton: In the current economic conditions, many oil companies focus on the development of mature fields. As a rule, such fields have well-developed infrastructure, and their investments have long ago paid off . However, the other side of …
National Oilwell Varco: Reduces Quarterly Dividend to $0.05 per Share
National Oilwell Varco, Inc. (NYSE:NOV) announced today that its Board of Directors has approved a plan to reduce the Company’s quarterly dividend to $0.05 per share in response to market conditions which continued to deteriorate through the first quarter of 2016. Clay Williams, Chairman, President and CEO, commented, “We believe …
National Oilwell Varco: Jim Hackett Appointed to the Company’s Board of Directors
National Oilwell Varco, Inc. announced today that Jim Hackett has been appointed to the company’s board of directors effective April 5, 2016. Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, stated, “It is with great pleasure that I welcome Jim Hackett to our board of directors. Jim’s …
NOV Clay Williams: Primed But Patient to Pull Acquisition Trigger
After slowing down its M&A machine considerably over the past two years, National Oilwell Varco Inc. is looking at acquisitions in the billion-dollar range reported Bloomberg. – Co. has $2.1 billion cash, $3.6 billion undrawn on revolver – Need to be patient, make sure getting good value: Williams The largest …
NOV: Launches RIGSENTRY – A New Monitoring Service for Predicting Operational Failures in Subsea BOPs
National Oilwell Varco, Inc. announced today that it has developed and validated the first end-to-end predictive solution that can foresee operational failures in subsea blowout preventer (BOP) components. RIGSENTRY™ now offers a remote condition monitoring service that provides live predictive analytics of subsea BOPs. This predictive feature is the result …
RDCR: Four Weeks To Go Until the Largest Drilling Event in Russia – BOOK NOW!
Derrick Equipment Company and Step Oiltools Confirm Silver Sponsor at the 4th RDCR As a long-time supporter of the RDCR, we are pleased to confirm that Derrick Equipment Company and Step Oiltools attending the 4th RDCR as a Silver Sponsor. Derrick Equipment will be presenting as follows – “Reducing Drilling …
NOV: To Pay $0.46 per Share of Common Stock in Quarterly Dividend
National Oilwell Varco, Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on March 25, 2016 to each stockholder of record on March 11, 2016. National Oilwell Varco is a worldwide leader in the design, …
National Oilwell Varco Announces Fourth Quarter and Full Year 2015 Earnings
National Oilwell Varco, Inc. (NYSE:NOV) today reported fourth quarter 2015 net income of $85 million, or $0.23 per fully diluted share, excluding other items, down from $0.61 in the third quarter of 2015 on a comparable basis. Other items included pre-tax charges of $1,634 million for goodwill and other intangible asset write-downs, $139 million for restructuring and other charges (which …
National Oilwell Varco: Appoints Jose Bayardo as Senior Vice President & Chief Financial Officer
National Oilwell Varco, Inc. announced today that Jose A. Bayardo has been named Senior Vice President and Chief Financial Officer of National Oilwell Varco, effective August 28, 2015. Mr. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer. Prior to joining National Oilwell Varco, Mr. Bayardo, age 43, served as …
NOV: Q2 Results – Revenues of $3.91 billion, a 19 Percent Decrease
National Oilwell Varco, Inc. (NYSE: NOV) today reported that for its second quarter ended June 30, 2015, it earned net income of $289 million, or $0.74 per fully diluted share, compared to first quarter ended March 31, 2015 net income of $310 million, or $0.76 per fully diluted share. Excluding …