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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. [8] In late 2019, NOV bought Bellingham, Washington-based Ershigs, a fabricator of custom pipes and tanks.
Its services range from rig technology to petroleum services and supplies, and distribution and transmission. Demand for oilfield equipment is growing. The company has an order backlog worth $10.8 ...
In 2005, Grant Prideco bought the IntelliServ technology [3] and launched the first IntelliServ network. [5] Grant Prideco was purchased by National Oilwell Varco (NOV) in 2008, and the NOV-IntelliServ joint venture was formed in 2009 with 55% National Oilwell Varco and 45% Schlumberger ownership.
Shaffer, a subsidiary of NOV Inc., is a manufacturer and distributor of pressure control devices for the petroleum industry. The company's products include blowout preventers , control systems, riser string packages, choke valves , riser tensioners , and drill string compensators .
In the video below, Fool analysts Austin Smith and Jim Mueller discuss the big opportunity ahead for National Oilwell Varco . NOV is a quiet stock that doesn't get a lot of attention in investment ...
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MODU – mobile offshore drilling unit (either of jack-up drill rig or semi-submersible rig or drill ship) MOF – marine offloading facility; MOPO – matrix of permitted operations; MOPU – mobile offshore production unit (to describe jack-up production rig, or semi-submersible production rig, or floating production, or storage ship)
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