NOV

NOV Inc. today reported first quarter 2021 revenues of $1.25 billion, a decrease of six percent compared to the fourth quarter of 2020 and a decrease of 34 percent compared to the first quarter of 2020. Net loss for the first quarter of 2021 was $115 million, or 9.2 percent …

NexTier Oilfield Solutions Inc. (NYSE: NEX) and NOV, Inc. (NYSE: NOV) today announced the recent completion of the first phase of field testing of NOV’s electric fracturing system known as the Ideal™ eFrac pump. The Ideal eFrac pump provides efficient, environmentally conscious hydraulic fracturing capabilities that dramatically reduce emissions, equipment, and …

NOV Inc. announced today that it expects operational disruptions and softer-than-anticipated customer orders will cause first quarter 2021 operating results to fall below prior guidance. “Unfortunately, the extreme winter weather across Texas and Oklahoma, the ongoing effects of COVID-19 lockdowns, and the continued spending austerity from our oilfield customers are combining to take …

Hard working wireline frac crews need tough equipment built for reliability, easy maintenance, and top performance. Our wide range of wireline frac products are engineered and built to the highest standards giving you the benefits of durability in a compact and lightweight design. From field-proven Artex™ trucks to lightweight well …

We understand the current industry’s challenges with numerous leak points and long rig-up and rig-down time with traditional iron set ups. The FlexConnect™ high-pressure frac hose is a composite hose that can be readily manufactured to multiple lengths, from 2- to 7-in. ID, and pressures up to 15,000 psi to …

National Oilwell Varco, Inc. announced today plans to change its corporate name to “NOV Inc.”, effective January 1, 2021. The Company’s ticker symbol, “NOV”, will remain unchanged. “Our Company has a long and proud legacy of innovation and technology dating back to the earliest days of the oilfield. We are …

NexTier Oilfield Solutions Inc. and National Oilwell Varco, Inc. today announced that the two companies recently entered into an agreement to collaboratively field test NOV’s electric fracturing system known as the Ideal™ eFrac fleet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201118005378/en/ The Ideal eFrac fleet provides efficient, …

National Oilwell Varco, Inc. today reported third quarter 2020 revenues of $1.38 billion, a decrease of seven percent compared to the second quarter of 2020 and a decrease of 35 percent compared to the third quarter of 2019. Net loss for the third quarter of 2020 improved $38 million sequentially …

With weight and corrosion being critical and continuous drivers for both greenfield and brownfield projects offshore, our Bondstrand™ composite systems provide the trusted solution to reduce total cost of ownership and operational expense. The Azeri—Chirag–Gunashli (ACG) field in the Caspian Sea celebrated its 25th anniversary in 2019, since being awarded …

National Oilwell Varco, Inc. announced today that during its regularly-scheduled meeting, the Board of Directors elected to suspend the Company’s quarterly dividend until further notice. “With the view that capital is becoming increasingly scarce and valuable within our industry, we believe that it is in the best long-term interest of …