National Oilwell Varco

National Oilwell Varco

Houston, TX, United States
Houston United States
Employees:
36,400
Market Cap:
$12.33 billion
Revenue:
$7.26 billion
5 Year Trend:
13.1%
Net Income:
$-2.36 billion
NYSE:
NOV
Industry:
Machinery Manufacturing
Founded:
1982

National Oilwell Varco is an American multinational corporation based in Greater Sharpstown, Houston, Texas. It is a leading 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. Wikipedia

National Oilwell Varco
Houston, TX, United States
Houston United States
Employees:
36,400
Market Cap:
$12.33 billion
Revenue:
$7.26 billion
5 Year Trend:
13.1%
Net Income:
$-2.36 billion
NYSE:
NOV
Industry:
Machinery Manufacturing
Founded:
1982

National Oilwell Varco is an American multinational corporation based in Greater Sharpstown, Houston, Texas. It is a leading 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. Wikipedia

Jul 26, 8:03 AM

The Delta connection has undergone extensive testing at NOVs research and technology development center, with early results conclusively proving that the new connection made up twice as fast as its predecessor. Damage was minimal and was primarily related to handling; generally, only refacing was required. For a final alignment on cost reductions, the Delta connection has the lowest royalty on repair services across all of NOVs double-shoulder connections. The Tuboscope business unit further supports the connection with lower charges to pipe owners and the inclusion of the TracID RFID-based tagging and inventory management system.

Jul 21, 2:29 PM

On June 27, 2017, history was made as the HMS Queen Elizabeth, the largest warship ever built for the UK Royal Navy, embarked on its first sea trials. We installed more than 4.1 km (2.5 miles) of Bondstrand glass-reinforced epoxy (GRE) pipework, consisting of 2,000 GRE pipe spools, along with specialist bulkhead penetrations and more than 1,314 m (4,311 ft) of phenolic FRP grating for the forward and aft islands and flight deck catwalks on this historic vessel. We also supplied the same solutions to the sister ship HMS Prince of Wales, which is currently under construction. Between the two vessels, our #fiberglass solutions saved approximately 390 tonnes of weight when compared with metallic alternatives. Photo courtesy of Aircraft Carrier Alliance.

Jul 13, 8:37 AM

NOVOS was recently deployed during a rig move for Precision Drilling. Using the system allowed Precision Drilling to achieve consistent bottom-to-bottom time savings 10% bottom to slips, 18% add stand, and 67% slips to bottom which yielded overall time savings per connection of 41%. To evaluate connection time improvements, NOV compared the five best consecutive bottom-to-bottom cycles for conventional drilling against five consecutive cycles of NOVOS-enabled drilling. The reduction in average bottom-to-bottom time from 7.91 to 4.67 minutes using NOVOS clearly demonstrated that Precision Drillings performance was increased. Another benefit was increased consistency in executing discrete aspects of the drilling processes, which reduced unpredictability for the rig crew and driller. This increased awareness, safety, and delivery of the overall drilling operation, further highlighting the ability of the system to maximize value for both the contractor and operator.

Jul 11, 8:13 AM

As the upturn begins, drilling contractors will need their equipment to be immediately available to return to the field. Understanding what repairs and replacements are necessary before this happens helps maximize efficiency in a time and cost-sensitive environment. NOV''s PRIME inspection service informs drilling contractors well in advance what equipment needs to be repaired, replaced, or upgraded in order to ensure solids control and waste management packages operate reliably and efficiently. Undertaking such efforts allows equipment to be ready to deploy the moment the rig arrives at the shipyard, giving customers a head start on new part order deliveries that can take as long as 8 to 10 weeks.

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