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| predecessors = {{ubl|National Oilwell|Varco}}
| predecessors = {{ubl|National Oilwell|Varco}}
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|NOV}}|[[S&P 400]] component}}
| traded_as = {{ubl|{{NYSE|NOV}}|[[List of S&P 400 companies|S&P 400]] component}}
| founded = {{Start date and age|1862}}
| founded = {{Start date and age|1862}}
| hq_location_city = [[Houston, Texas]]
| hq_location_city = [[Houston, Texas]]
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| industry = [[Oilfield]] services and equipment
| industry = [[Oilfield]] services and equipment
| divisions = {{Flatlist|
| divisions = {{Flatlist|
* Energy Equipment
* Rig Technologies
* Energy Products and Services
* Wellbore Technologies
* Completion & Production Solutions
}}
}}
| revenue = {{nowrap|{{decrease}} {{USD|5,524 million|link=yes}}}}
| revenue = {{nowrap|{{decrease}} {{USD|5.524 billion|link=yes}}}}
| revenue_year = 2021
| revenue_year = 2021
| operating_income = {{nowrap|{{increase}} {{USD|{{color|red|−134}} million}}}}
| operating_income = {{nowrap|{{increase}} {{USD|{{color|red|−134}} million}}}}
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| num_locations_year = 2021
| num_locations_year = 2021
| subsid = {{Ubl|[[Grant Prideco]]|[[IntelliServ]]|[[Robbins & Myers]]|[[Shaffer (company)|Shaffer]]}}
| subsid = {{Ubl|[[Grant Prideco]]|[[IntelliServ]]|[[Robbins & Myers]]|[[Shaffer (company)|Shaffer]]}}
| website = {{url|nov.com}}
| website = {{URL|nov.com}}
| footnotes = Financial, employee, and location figures are for fiscal year 2021<ref name="NOV 2021 Form 10-K">{{Cite web |date=February 11, 2022 |title=NOV Inc. Form 10-K 2021 |url=https://investors.nov.com/static-files/4a6ebe0e-8143-485f-8d7c-f8ac1a513eda |access-date=March 25, 2022 |website=NOV}}</ref>
| footnotes = Financial, employee, and location figures are for fiscal year 2021<ref name="NOV 2021 Form 10-K">{{Cite web |date=February 11, 2022 |title=NOV Inc. Form 10-K 2021 |url=https://investors.nov.com/static-files/4a6ebe0e-8143-485f-8d7c-f8ac1a513eda |access-date=March 25, 2022 |website=NOV}}</ref>
}}
}}
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[[File:NOV Tower Sunset.jpg|thumb|NOV Tower in the [[Westchase, Houston|Westchase]] district of Houston]]
[[File:NOV Tower Sunset.jpg|thumb|NOV Tower in the [[Westchase, Houston|Westchase]] district of Houston]]


'''NOV Inc.''', formerly National Oilwell Varco, is an American [[multinational corporation]] based in [[Houston, Texas]]. It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, [[oilfield]] services, and supply chain integration services to the [[Upstream (petroleum industry)|upstream]] [[oil and gas industry]]. The company conducts operations in more than 500 locations across six continents,<ref name="NOV 2021 Form 10-K" /> operating through three reporting segments: Rig Technologies, Wellbore Technologies, and Completion & Production Solutions.<ref name="National Oilwell Varco Announces New Reporting Segment Changes">"[https://www.nov.com/about About NOV]" National Oilwell Varco. Retrieved on August 8, 2018. "About NOV."</ref>
'''NOV Inc.''', formerly '''National Oilwell Varco''', is an American [[multinational corporation]] based in [[Houston, Texas]]. It is a worldwide provider of equipment and components used in [[Oil well|oil and gas drilling]] and [[Oil production|production operations]], [[oilfield]] services, and [[supply chain]] integration services to the [[Upstream (petroleum industry)|upstream]] [[oil and gas industry]]. The company conducts operations in more than 500 locations across six [[continent]]s,<ref name="NOV 2021 Form 10-K" /> operating through two reporting segments: Energy Equipment and Energy Products and Services.<ref name="NOV Announces Retirements and Appointments of Officers and Consolidation of Operational Segment Structures">[https://investors.nov.com/news-releases/news-release-details/nov-announces-retirements-and-appointments-officers-and]" NOV. Retrieved on September 17,2024. "New Releases."</ref>


==History==
==History==
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NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, [[United States Steel]] acquired Oilwell Supply. In 1958, [[Armco Steel]] merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell".
NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, [[United States Steel]] acquired Oilwell Supply. In 1958, [[Armco Steel]] merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell".


Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold in 1908. "VARCO" is an acronym for: '''V'''uilleumiere, '''A'''begg and '''R'''einhold '''Co'''mpany after Edgar Vuilleumiere became a partner in 1915, and Varco International in 1973. In 2000, National Oilwell merged with IRI International Corp., founded and managed by [[Hushang Ansary]], which manufactures and sells drilling rigs and specialty steel products.<ref name="BloombergIRI">{{Cite web |last=Staff |title=Bloomberg: IRI International |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=369990 |access-date=12 May 2015 |publisher=Bloomberg.com}}</ref>
Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold in 1908. "VARCO" is an acronym for: '''V'''uilleumiere, '''A'''begg and '''R'''einhold '''Co'''mpany after Edgar Vuilleumiere became a partner in 1915, and Varco International in 1973. In 2000, National Oilwell merged with IRI International Corp. (founded as a merger of '''I'''ngersoll '''R'''and Oilfield Products Co. and '''I'''DECO Inc. ('''I'''nternational '''D'''errick and '''E'''quipment '''Co'''mpany)),<ref>{{Cite web| title=Iri International Corp – ‘10-K/A’ for 12/31/97 |url=https://www.secinfo.com/dsvr4.746p.htm |access-date=12 May 2015 |publisher=Sec.com}}</ref> founded and managed by [[Hushang Ansary]], which manufactures and sells drilling rigs and specialty steel products.<ref name="BloombergIRI">{{Cite web |last=Staff |title=Bloomberg: IRI International |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=369990 |access-date=12 May 2015 |publisher=Bloomberg.com}}</ref>


In 2005, National Oilwell and Varco merged to become '''National Oilwell Varco'''.<ref name="EJ 2007">{{Cite news |date=December 18, 2007 |title=National Oilwell buys Grant Prideco for $7.4B |page=F2 |work=Edmonton Journal |agency=Bloomberg |url=https://www.newspapers.com/clip/98242577/edmonton-journal/ |access-date=March 25, 2022 |via=Newspapers.com}}</ref>
In 2005, National Oilwell and Varco merged to become '''National Oilwell Varco'''.<ref name="EJ 2007">{{Cite news |date=December 18, 2007 |title=National Oilwell buys Grant Prideco for $7.4B |page=F2 |work=Edmonton Journal |agency=Bloomberg |url=https://www.newspapers.com/clip/98242577/edmonton-journal/ |access-date=March 25, 2022 |via=Newspapers.com}}</ref>
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In February 2012 NOV acquired Russian coring company Interval Ltd. and purchased Dutch oil rig design company GustoMSC in 2018. GustoMSC, originally the engineering office of [[Gusto Shipyard]], became part of NOV's Rig Technologies segment.<ref name="Luhavalja 2018">{{Cite news |last=Luhavalja |first=Amanda |date=July 4, 2018 |title=National Oilwell Varco buys Dutch firm GustoMSC |language=en-us |work=S&P Global |url=https://www.spglobal.com/marketintelligence/en/news-insights/blog/insight-weekly-march-22-2022 |access-date=March 25, 2022}}</ref> In late 2019, NOV bought [[Bellingham, Washington]]-based Ershigs, a fabricator of custom pipes and tanks.
In February 2012 NOV acquired Russian coring company Interval Ltd. and purchased Dutch oil rig design company GustoMSC in 2018. GustoMSC, originally the engineering office of [[Gusto Shipyard]], became part of NOV's Rig Technologies segment.<ref name="Luhavalja 2018">{{Cite news |last=Luhavalja |first=Amanda |date=July 4, 2018 |title=National Oilwell Varco buys Dutch firm GustoMSC |language=en-us |work=S&P Global |url=https://www.spglobal.com/marketintelligence/en/news-insights/blog/insight-weekly-march-22-2022 |access-date=March 25, 2022}}</ref> In late 2019, NOV bought [[Bellingham, Washington]]-based Ershigs, a fabricator of custom pipes and tanks.


National Oilwell Varco changed its name to '''NOV Inc.''' on January 1st, 2021.<ref>{{Cite news |last=Tomic |first=Bortolomej |date=December 22, 2020 |title=National Oilwell Varco to Change Name |language=en |work=Offshore Engineer |url=https://www.oedigital.com/news/484089-national-oilwell-varco-to-change-name |access-date=March 25, 2022}}</ref><ref>{{Cite news |last=Davis |first=Carolyn |date=January 21, 2021 |title=NOV Sees North American Oil, Gas Activity Rising, but Overseas Demand Soft |language=en-US |work=Natural Gas Intelligence |url=https://www.naturalgasintel.com/nov-sees-north-american-oil-gas-activity-rising-but-overseas-demand-soft/ |access-date=March 25, 2022}}</ref>
National Oilwell Varco changed its name to '''NOV Inc.''' on January 1, 2021.<ref>{{Cite news |last=Tomic |first=Bortolomej |date=December 22, 2020 |title=National Oilwell Varco to Change Name |language=en |work=Offshore Engineer |url=https://www.oedigital.com/news/484089-national-oilwell-varco-to-change-name |access-date=March 25, 2022}}</ref><ref>{{Cite news |last=Davis |first=Carolyn |date=January 21, 2021 |title=NOV Sees North American Oil, Gas Activity Rising, but Overseas Demand Soft |language=en-US |work=Natural Gas Intelligence |url=https://www.naturalgasintel.com/nov-sees-north-american-oil-gas-activity-rising-but-overseas-demand-soft/ |access-date=March 25, 2022}}</ref>


==Corporate affairs==
==Corporate affairs==
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The company's headquarters are in [[Southwest Management District]] (formerly Greater Sharpstown), Houston.<ref>{{Cite web |title=Marine and Construction Fleet Care |url=https://www.nov.com/-/media/nov/files/products/rig/aftermarket-operations/drilling-rig-upgrades-and-field-engineering/marine-and-construction-fleet-care-brochure.pdf |access-date=2020-03-14 |publisher=National Oilwell Varco |quote=Corporate Headquarters 7909 Parkwood Circle DriveHouston, Texas 77036}}</ref><ref>{{Cite web |title=District Maps |url=https://southwestmanagementdistrict.org/the-district/more-information/district-maps/ |access-date=2020-03-14 |publisher=[[Southwest Management District]]}}</ref> {{As of|2021}}, it employed over 27,000 people and operated over 550 facilities worldwide.<ref name="NOV 2021 Form 10-K" />
The company's headquarters are in [[Southwest Management District]] (formerly Greater Sharpstown), Houston.<ref>{{Cite web |title=Marine and Construction Fleet Care |url=https://www.nov.com/-/media/nov/files/products/rig/aftermarket-operations/drilling-rig-upgrades-and-field-engineering/marine-and-construction-fleet-care-brochure.pdf |access-date=2020-03-14 |publisher=National Oilwell Varco |quote=Corporate Headquarters 7909 Parkwood Circle DriveHouston, Texas 77036}}</ref><ref>{{Cite web |title=District Maps |url=https://southwestmanagementdistrict.org/the-district/more-information/district-maps/ |access-date=2020-03-14 |publisher=[[Southwest Management District]]}}</ref> {{As of|2021}}, it employed over 27,000 people and operated over 550 facilities worldwide.<ref name="NOV 2021 Form 10-K" />


In 2014, Clay Williams took over as CEO of National Oilwell Varco,<ref name="NOV – Management">{{Cite web |title=NOV – Management |url=http://investors.nov.com/phoenix.zhtml?c=97690&p=irol-govmanage |access-date=2018-08-08}}</ref> succeeding former CEO [[Merrill A. Miller, Jr.|Pete Miller]], who served as NOV's CEO for nearly 13 years.<ref name="National Oilwell Varco Moves Forward With CEO Transition">{{Cite web |title=National Oilwell Varco Moves Forward With CEO Transition |url=http://www.bizjournals.com/houston/news/2014/02/27/national-oilwell-varco-moves-forward-with-ceo.html?page=all |access-date=2014-03-19}}</ref> Miller was expected to become [[executive chairman]] of the National Oilwell Varco spinoff company, DistributionNow.<ref name="NOV Annual Report 2013">{{Cite web |title=NOV 2013 Annual Report |url=http://biz.yahoo.com/e/140214/nov10-k.html}}</ref>
In 2014, Clay Williams took over as CEO of National Oilwell Varco,<ref name="NOV – Management">{{Cite web |title=NOV – Management |url=http://investors.nov.com/phoenix.zhtml?c=97690&p=irol-govmanage |access-date=2018-08-08}}</ref> succeeding former CEO [[Merrill A. Miller, Jr.|Pete Miller]], who served as NOV's CEO for nearly 13 years.<ref name="National Oilwell Varco Moves Forward With CEO Transition">{{Cite web |title=National Oilwell Varco Moves Forward With CEO Transition |url=http://www.bizjournals.com/houston/news/2014/02/27/national-oilwell-varco-moves-forward-with-ceo.html?page=all |access-date=2014-03-19}}</ref> After overseeing NOV’s spinoff of its distribution business, Pete Miller became the Executive Chairman and Chairman of the Board of DNOW (NYSE:DNOW), formerly known as DistributionNOW and NOW Inc.<ref>{{Cite web |date=January 9, 2024 |title=NOW Inc. Announces Plan to Adopt New Corporate Legal Name 'DNOW Inc.' |url=https://ir.dnow.com/news-releases/news-release-details/now-inc-announces-plan-adopt-new-corporate-legal-name-dnow-inc |access-date=January 9, 2024 |website=DNOW Investor Relations}}</ref> He held these roles until his retirement on October 1, 2017<ref>{{Cite web |date=August 24, 2017 |title=NOW Inc. Announces Retirement of Executive Chairman Pete Miller |url=https://ir.dnow.com/news-releases/news-release-details/now-inc-announces-retirement-executive-chairman-pete-miller |access-date=August 24, 2017 |website=DNOW Investor Relations}}</ref>


==Divisions ==
==Divisions ==
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Completion & Production Solutions provides equipment and technologies for the well completion process and production phase of a well's lifecycle. The segment produces intervention and stimulation equipment for pressure pumping, [[Coiled tubing drilling|coiled tubing]], and [[Wireline (cabling)|wireline]] operations; composite piping systems, pressure vessels, and structures; integrated processing, production, and pumping equipment (including [[artificial lift]]) for [[Upstream (petroleum industry)|upstream]], [[midstream]], and industrial operations; hydrate inhibition and gas processing technologies; subsea and floating production systems, including flexible pipe and subsea water injection technologies; integral and weld-on connectors for conductor strings, surface casing, and liners; and completion tools—including those involved in multistage [[hydraulic fracturing]]—liner hanger systems, and [[Downhole safety valve|subsurface safety valves]].
Completion & Production Solutions provides equipment and technologies for the well completion process and production phase of a well's lifecycle. The segment produces intervention and stimulation equipment for pressure pumping, [[Coiled tubing drilling|coiled tubing]], and [[Wireline (cabling)|wireline]] operations; composite piping systems, pressure vessels, and structures; integrated processing, production, and pumping equipment (including [[artificial lift]]) for [[Upstream (petroleum industry)|upstream]], [[midstream]], and industrial operations; hydrate inhibition and gas processing technologies; subsea and floating production systems, including flexible pipe and subsea water injection technologies; integral and weld-on connectors for conductor strings, surface casing, and liners; and completion tools—including those involved in multistage [[hydraulic fracturing]]—liner hanger systems, and [[Downhole safety valve|subsurface safety valves]].


==Awards and Accolades==
==Awards and accolades==
In 2008, NOV was listed as one of the world's most admired companies by ''[[Forbes]]''. It was also listead as one of the 100 fastest growing companies by [[Fortune (magazine)|''Fortune'']] in both 2008<ref>{{Cite web |title=100 Fastest-Growing Companies 2009: National Oilwell Varco – NOV – from FORTUNE |url=http://archive.fortune.com/magazines/fortune/fortunefastestgrowing/2009/snapshots/47.html |access-date=2018-12-20 |website=archive.fortune.com}}</ref> and 2009 and one of America's top companies by ''Forbes'' in 2009.<ref>{{Cite news |date=2015-06-21 |title=Oil price drop shakes up company rankings |language=en-US |work=HoustonChronicle.com |url=https://www.houstonchronicle.com/business/chron-100/article/Oil-price-drop-shakes-up-company-rankings-6336679.php?t=e7c400b1529da7c70d&cmpid=twitter-premium&WT.mc_id=7832227bae56ed32f4a45c1f7f7a2cd0 |access-date=2018-08-09}}</ref>
In 2008, NOV was listed as one of the world's most admired companies by ''[[Forbes]]''. It was also listed as one of the 100 fastest growing companies by [[Fortune (magazine)|''Fortune'']] in both 2008<ref>{{Cite web |title=100 Fastest-Growing Companies 2009: National Oilwell Varco – NOV – from FORTUNE |url=https://money.cnn.com/magazines/fortune/fortunefastestgrowing/2009/snapshots/47.html |access-date=2018-12-20 |website=archive.fortune.com}}</ref> and 2009 and one of America's top companies by ''Forbes'' in 2009.<ref>{{Cite news |date=2015-06-21 |title=Oil price drop shakes up company rankings |language=en-US |work=HoustonChronicle.com |url=https://www.houstonchronicle.com/business/chron-100/article/Oil-price-drop-shakes-up-company-rankings-6336679.php?t=e7c400b1529da7c70d&WT.mc_id=7832227bae56ed32f4a45c1f7f7a2cd0 |access-date=2018-08-09}}</ref>


==See also==
==See also==
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==External links==
==External links==
*{{official|nov.com}}
*{{official website|nov.com}}
{{Finance links
{{Finance links
| name = NOV Inc.
| name = NOV Inc.
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{{NOV Inc.}}
{{NOV Inc.}}
{{Petroleum industry}}
{{Petroleum industry}}
{{S&P 400 companies}}


{{authority control}}
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[[Category:Oilfield services companies]]
[[Category:Oilfield services companies]]
[[Category:1862 establishments in the United States]]
[[Category:1862 establishments in the United States]]
[[Category:Companies in the S&P 400]]

Revision as of 05:31, 27 December 2024

NOV Inc.
FormerlyNational Oilwell Varco, Inc. (2005–2021)
Company typePublic
IndustryOilfield services and equipment
Predecessors
  • National Oilwell
  • Varco
Founded1862; 163 years ago (1862)
Headquarters
Houston, Texas
,
United States
Number of locations
552 (2021)
Area served
Worldwide
Key people
Clay C. Williams (CEO)
RevenueDecrease US$5.524 billion (2021)
Increase US$−134 million (2021)
Increase US$−245 million (2021)
Total assetsDecrease US$9,550 million (2021)
Total equityDecrease US$5,064 million (2021)
Number of employees
27,043 (2021)
Divisions
  • Energy Equipment
  • Energy Products and Services
Subsidiaries
Websitenov.com
Footnotes / references
Financial, employee, and location figures are for fiscal year 2021[1]
NOV Tower in the Westchase district of Houston

NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas. It is a worldwide 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. The company conducts operations in more than 500 locations across six continents,[1] operating through two reporting segments: Energy Equipment and Energy Products and Services.[2]

History

Background

NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, United States Steel acquired Oilwell Supply. In 1958, Armco Steel merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell".

Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold in 1908. "VARCO" is an acronym for: Vuilleumiere, Abegg and Reinhold Company after Edgar Vuilleumiere became a partner in 1915, and Varco International in 1973. In 2000, National Oilwell merged with IRI International Corp. (founded as a merger of Ingersoll Rand Oilfield Products Co. and IDECO Inc. (International Derrick and Equipment Company)),[3] founded and managed by Hushang Ansary, which manufactures and sells drilling rigs and specialty steel products.[4]

In 2005, National Oilwell and Varco merged to become National Oilwell Varco.[5]

Recent history

The company acquired major drill pipe and drill bit manufacturer Grant Prideco in 2008[6] for $7.37 billion.[7] At the time, Grant Prideco held 60% of the global drill pipe market and operated 25 manufacturing sites worldwide. The acquisition included Grant Prideco's subsidiaries IntelliServ, a producer of drill pipe with built-in equipment to transmit data from a wellhead to surface operators, ReedHycalog, a drill bit producer, and XL Systems, a producer of oil and gas connectors.[5] Grant Prideco, IntelliServ, and ReedHycalog became part of NOV's Wellbore Technologies reporting segment and XL Systems joined the Completion & Production Solutions segment.[1]

In February 2012 NOV acquired Russian coring company Interval Ltd. and purchased Dutch oil rig design company GustoMSC in 2018. GustoMSC, originally the engineering office of Gusto Shipyard, became part of NOV's Rig Technologies segment.[8] In late 2019, NOV bought Bellingham, Washington-based Ershigs, a fabricator of custom pipes and tanks.

National Oilwell Varco changed its name to NOV Inc. on January 1, 2021.[9][10]

Corporate affairs

National Oilwell Varco headquarters in Greater Sharpstown, Houston

The company's headquarters are in Southwest Management District (formerly Greater Sharpstown), Houston.[11][12] As of 2021, it employed over 27,000 people and operated over 550 facilities worldwide.[1]

In 2014, Clay Williams took over as CEO of National Oilwell Varco,[13] succeeding former CEO Pete Miller, who served as NOV's CEO for nearly 13 years.[14] After overseeing NOV’s spinoff of its distribution business, Pete Miller became the Executive Chairman and Chairman of the Board of DNOW (NYSE:DNOW), formerly known as DistributionNOW and NOW Inc.[15] He held these roles until his retirement on October 1, 2017[16]

Divisions

Rig Technologies

Rig Technologies engineers and manufactures drilling rigs, drilling equipment packages, and related capital equipment (including top drives, iron roughnecks, drawworks, blowout preventers, mud pumps, risers, pipe handling, power and control systems) necessary to drill oil and gas wells, as well as marine construction equipment such as heavy-lift cranes, mooring machinery, jacking systems, pipelay and cablelay systems, and marine riser tensioners. In addition, the segment provides aftermarket equipment and services such as spare parts, repair, and equipment rentals as well as remote equipment monitoring, technical support, field service, and customer training.

Wellbore Technologies

Wellbore Technologies develops equipment, technologies, and services for oil and gas well operation. The segment provides drill bits, borehole enlargement services, and directional drilling tools; optimization/automation software and services; downhole tools for drilling and intervention; premium drill pipe and drill stem accessories; solids control and waste management equipment and services; drilling and completion fluids; data acquisition and analytics technologies; managed-pressure-drilling systems; coating and inspection services and RFID technology for drill pipe lifecycle management; and IntelliServ wired drill pipe.

Completion & Production Solutions

Completion & Production Solutions provides equipment and technologies for the well completion process and production phase of a well's lifecycle. The segment produces intervention and stimulation equipment for pressure pumping, coiled tubing, and wireline operations; composite piping systems, pressure vessels, and structures; integrated processing, production, and pumping equipment (including artificial lift) for upstream, midstream, and industrial operations; hydrate inhibition and gas processing technologies; subsea and floating production systems, including flexible pipe and subsea water injection technologies; integral and weld-on connectors for conductor strings, surface casing, and liners; and completion tools—including those involved in multistage hydraulic fracturing—liner hanger systems, and subsurface safety valves.

Awards and accolades

In 2008, NOV was listed as one of the world's most admired companies by Forbes. It was also listed as one of the 100 fastest growing companies by Fortune in both 2008[17] and 2009 and one of America's top companies by Forbes in 2009.[18]

See also

References

  1. ^ a b c d "NOV Inc. Form 10-K 2021". NOV. February 11, 2022. Retrieved March 25, 2022.
  2. ^ [1]" NOV. Retrieved on September 17,2024. "New Releases."
  3. ^ "Iri International Corp – '10-K/A' for 12/31/97". Sec.com. Retrieved May 12, 2015.
  4. ^ Staff. "Bloomberg: IRI International". Bloomberg.com. Retrieved May 12, 2015.
  5. ^ a b "National Oilwell buys Grant Prideco for $7.4B". Edmonton Journal. Bloomberg. December 18, 2007. p. F2. Retrieved March 25, 2022 – via Newspapers.com.
  6. ^ "NOV completes Grant Prideco acquisition". Offshore. April 28, 2008. Retrieved March 23, 2022.
  7. ^ "Two oilfield suppliers joining". Albuquerque Journal. January 3, 2008. p. 8. Retrieved March 23, 2022 – via Newspapers.com.
  8. ^ Luhavalja, Amanda (July 4, 2018). "National Oilwell Varco buys Dutch firm GustoMSC". S&P Global. Retrieved March 25, 2022.
  9. ^ Tomic, Bortolomej (December 22, 2020). "National Oilwell Varco to Change Name". Offshore Engineer. Retrieved March 25, 2022.
  10. ^ Davis, Carolyn (January 21, 2021). "NOV Sees North American Oil, Gas Activity Rising, but Overseas Demand Soft". Natural Gas Intelligence. Retrieved March 25, 2022.
  11. ^ "Marine and Construction Fleet Care" (PDF). National Oilwell Varco. Retrieved March 14, 2020. Corporate Headquarters 7909 Parkwood Circle DriveHouston, Texas 77036
  12. ^ "District Maps". Southwest Management District. Retrieved March 14, 2020.
  13. ^ "NOV – Management". Retrieved August 8, 2018.
  14. ^ "National Oilwell Varco Moves Forward With CEO Transition". Retrieved March 19, 2014.
  15. ^ "NOW Inc. Announces Plan to Adopt New Corporate Legal Name 'DNOW Inc.'". DNOW Investor Relations. January 9, 2024. Retrieved January 9, 2024.
  16. ^ "NOW Inc. Announces Retirement of Executive Chairman Pete Miller". DNOW Investor Relations. August 24, 2017. Retrieved August 24, 2017.
  17. ^ "100 Fastest-Growing Companies 2009: National Oilwell Varco – NOV – from FORTUNE". archive.fortune.com. Retrieved December 20, 2018.
  18. ^ "Oil price drop shakes up company rankings". HoustonChronicle.com. June 21, 2015. Retrieved August 9, 2018.
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