NOV

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 …

This article follows on from the technical report first published in ROGTEC Issue 49, SSC: Hardbanding Report, which covered SSC’s wear resistant hardbanding test for domestic and foreign wires. A detailed description of the test method, equipment and test benches used, and a conclusion on the test results were published …

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 …

National Oilwell Varco’s Russia/CIS manufacturing facility located in Kostroma, Russia is nearing the completion of its first extreme cold weather drilling rig, the Kostroma train rig. The Kostroma Train Rig was designed by NOV rig engineers in Russia, the USA, and Canada with significant experience designing drilling rigs for the …

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 …

Rising wells costs and expensive connection repair rates drove a conversation between NOV and its customers on how to combat these persistent issues. The result: a stronger, more cost-effective drill-pipe connection that doesn’t compromise on performance. The Delta™ rotary-shouldered drill-pipe connection addresses the needs of a diverse, shifting market by …

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 …

National Oilwell Varco today announced it has broken ground on two manufacturing plants that will significantly strengthen the Company’s market-leading positions in providing composite pipe technologies and tubular coatings within Saudi Arabia. Both facilities will be located at MODON 3 near the city of Dammam. NOV has provided comprehensive tubular …

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 …