National Oilwell Varco Inc

Industry:	Oil & Gas Exploration & Services, Industrial Machinery & Equipment
Ranking:	Russell 3000, Fortune 500
Revenues:	$9.8 Billion
Employees:	31,718

Description

National Oilwell Varco, Inc. is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. It has three segments: Rig Technology, Petroleum Services & Supplies, and Distribution Services. The Rig Technology segment designs, manufactures, sells and services systems for the drilling, completion and servicing of oil and gas wells. The Petroleum Services & Supplies segment provides consumable goods and services used to drill, complete, remediate and workover oil and gas wells, service pipelines, flowlines and other oilfield tubular goods. The Distribution Services segment provides maintenance, repair and operating supplies, and spare parts to drill site and production locations worldwide. In July 2007, NOV acquired, through a wholly owned subsidiary, a 76% stake in Sara Services and Engineers Private Limited. In April 2008, it acquired Grant Prideco, Inc.

Products & Services

drilling solutions, oil, pumps, port cranes, coiled tubing products

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News Archive

National Oilwell Varco and Schlumberger Form IntelliServ Joint Venture. Business Wire; 9/28/2009 ...String Telemetry HOUSTON -- National Oilwell Varco (NYSE:NOV) and Schlumberger...conventional mud pulse technology. National Oilwell Varco owns 55 percent of the joint...Chief Executive Officer of National Oilwell Varco, stated "Our new joint... ...more

National Oilwell Varco Announces Two Acquisitions. Business Wire; 12/8/2009 HOUSTON -- National Oilwell Varco, Inc. (NYSE:NOV) announced...equipment fabrication services to National Oilwell Varco, Inc. and Asian drilling...is expected to strengthen National Oilwell Varco's fabrication capabilities... ...more

National Oilwell Varco Announces Cash Distribution to Stockholders. Energy Weekly News; 12/4/2009 National Oilwell Varco, Inc. (NYSE: NOV) announced...Chairman, President and CEO of National Oilwell Varco, stated, "This one-time special...competitiveness of the Company." National Oilwell Varco is a worldwide leader in the design... ...more