National Oilwell Varco and Ameron Announce Early Termination of HSR Waiting Period
National Oilwell Varco, Inc. and Ameron International Corporation announced today that they have received notice from the Department of Justice of early termination of the waiting period 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 …
National Oilwell Varco Announces Signing of Seven Drillship Equipment Packages
National Oilwell Varco, Inc. today announced that it has signed contracts to supply drilling equipment packages for seven drillships to Estaleiro Atlantico Sul (“EAS”), including drilling riser and pressure control equipment. The value, over the term of the deliveries, is approximately $1.5 Billion. Pete Miller, Chairman, President and CEO of …
NOV purchases STSA of Singapore
National Oilwell Varco, Inc. announced today that it has acquired STSA Pte Ltd. Terms of the all-cash acquisition were not disclosed. STSA, based in Singapore, services subsea blowout preventers (“BOP’s”) and related pressure control equipment for offshore drilling rigs in the Asia Pacific region. STSA is a regional leader in …
National Oilwell Varco and Ameron International Corporation Announce Merger Agreement at $85.00 per Share in Cash
National Oilwell Varco, Inc. (NYSE:NOV) and Ameron International Corporation, (NYSE:AMN) have entered into an agreement under which NOV will acquire Ameron in an all cash transaction that values Ameron at approximately $772 million. Under the agreement, Ameron’s stockholders would receive $85.00 per share in cash in return for each of …
Technology Roundtable: Drill Rigs, Top Drives & Solids Control
Drill Rigs: Questions answered by: Pat Sullivan: Global Product Line Director for Land Rigs for National Oilwell Varco Dirk Schulze: CEO of Bentec GmbH Drilling and Oilfield Systems Yuri Parnivoda: General Manager of Drillmec Russia, Moscow 1. What is the current state of play in the rig market in Russia? …
National Oilwell Varco Announces Fourth Quarter and 2010 Earnings
National Oilwell Varco, Inc. (NYSE: NOV) today reported that for the fourth quarter ended December 31, 2010 it earned net income of $440 million, or $1.05 per fully diluted share. Sequentially, earnings improved nine percent compared to third quarter ended September 30, 2010 net income of $404 million, or $0.96 …
Technology Roundtable: Drill Pipe & Ancillary Products
Bruno Lefevre: VAM Drilling Regional Marketing and Technical Support Manager, Europe, Africa & CIS Nobuhide Sato: TenarisNKKTubes Drill Pipe business head, Product Design & Quality Control department. Alexey Viktorovich Emelyanov: TMK Deputy General Director for Technical Sales Support and Quality Control Alexey Vakhrushev: Aquatic Engineering Application Engineering and Standardization Manager …