national oilwell varco

National Oilwell Varco, Inc. reported that for its second quarter ended June 30, 2012 it earned net income of $605 million, or $1.42 per fully diluted share. Earnings per share increased 26 percent compared to the second quarter of 2011 and were sequentially flat compared to the first quarter of 2012. Excluding transaction charges of $28 …

National Oilwell Varco, Inc. and CE Franklin Ltd. announced today that NOV Distribution Services ULC, a wholly-owned subsidiary of NOV, has completed its previously-announced acquisition of CE Franklinpursuant to a plan of arrangement. The arrangement resulted in NDS acquiring all of the issued and outstanding common shares of CE Franklin for cash consideration of CAD$12.75 per …

Schlumberger Limited announced today that it has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc. Additionally, Schlumberger has committed to divest the remaining portion of its distribution business by agreeing to support NOV’s previously announced proposed acquisition of all outstanding shares of CE Franklin Ltd. …

CE Franklin Ltd. announced today that it has entered into an arrangement agreement with a wholly owned National Oilwell Varco, Inc.  subsidiary, NOV Distribution Services ULC, pursuant to which, NDS has agreed to acquire all of the issued and outstanding common shares of CE Franklin for consideration of CAD$12.75 in cash per Common Share. The transaction will be …

National Oilwell Varco, Inc.  today reported that for its first quarter ended March 31, 2012 it earned net income of $606 million, or $1.42 per fully diluted share, compared to fourth quarter ended December 31, 2011 net income of $574 million, or $1.35 per fully diluted share. The first quarter …

Schlumberger Limited announced that it has entered into an agreement with National Oilwell Varco, Inc. to sell its Wilson distribution business. Schlumberger acquired Wilson International Inc. as part of the acquisition of Smith International in 2010. Closing of the transaction is subject to customary regulatory approvals. “Schlumberger’s global supply chain …

National Oilwell Varco, Inc. announced the closing of its previously announced acquisition of NKT Flexibles I/S (“NKT”), a Denmark based designer and manufacturer of flexible pipe products and systems for the offshore oil and gas industry. Pete Miller, Chairman, President and CEO of National Oilwell Varco, stated “The integration of NKT’s highly technical …

NKT, a joint venture between NKT Holding and Subsea 7 S.A., is based in Denmark. The company designs and manufactures flexible pipe products and systems for the offshore oil and gas industry, including products associated with Floating Production, Storage and Offloading vessels (“FPSO’s”) and other offshore vessels, as well as …

National Oilwell Varco, Inc. announced today that Robert Workman, the Company’s President – Distribution Services, has been named President – Distribution & Transmission of National Oilwell Varco and have Distribution Services business group and Transmission business group report to him. Mr. Workman started with the Company in 1991, and has …

National Oilwell Varco announced today that it has withdrawn and refiled its notification and report form filed under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with NOV’s proposal to acquire all of the outstanding shares of Ameron International Corporation (NYSE: AMN) common stock. This action was …