Search results for: nov

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  • 12 April 2016

    National Oilwell Varco, a US-based provider of oilfield equipment and services, expects a drop in revenue in the first quarter, and will cut dividend to preserve cash, in response to market conditions “which continued to deteriorate through the first quarter of 2016.” Clay Williams, Chairman, President and CEO, said: “We believe reducing the dividend is […]

  • 6 June 2019
    Business & Finance, Equipment, Operations & Maintenance

    Casing and completion technology business, Deep Casing Tools (DCT), has formed an alliance in Norway with National Oilwell Varco Completion Tools (NOV Completion Tools). The agreement gives NOV Completion Tool’s Completions & Production Solutions Division access to DTC’s technology including its Turbocaser, Turborunner and MechLOK Drill Pipe Swivel. NOV Completion Tools will be DCT’s service […]

  • 11 November 2013
    Business & Finance, Equipment

    NovAtel Inc, the world’s leading OEM provider of high precision Global Navigation Satellite System (GNSS) positioning products, announced the launch of its NovAtel CORRECT positioning technology. NovAtel CORRECT optimally combines data from multiple GNSS satellite constellations with corrections from a variety of sources, to deliver the best position solution possible. NovAtel CORRECT provides integrators with […]

  • 5 December 2018
    Business & Finance, Equipment

    Norway’s Equinor is stepping up its use of wired drill pipe to acquire subsurface real-time data during drilling operations, in line with the corporate digitalization strategy and to prepare for automated drilling.

  • 7 July 2016
    Equipment, Infrastructure

    National Oilwell Varco and GE Oil & Gas announced on Thursday the execution of an agreement to collaborate on delivering integrated solutions for Floating Production Storage and Offloading (FPSO) vessels. The agreement brings together the complementary product offerings and engineering capabilities from the pair of companies to optimize engineering design and supply comprehensive topside solutions […]

  • 5 May 2014
    Business & Finance

    National Oilwell Varco, Inc. has announced that its board of directors has given final approval for the spin-off of its distribution business. The resulting company will be known as NOW Inc. and will be headquartered in Houston. The separation will be completed by way of a pro rata distribution of all of the outstanding shares […]

  • 21 October 2013
    Business & Finance, Project & Tenders

    Louisiana’s governor Bobby Jindal and National Oilwell Varco (NOV) executive Toby Webre announced NOV will develop a $23 million drilling technology facility in New Iberia. The new facility will create 80 new direct jobs with an average salary of $60,000 per year, plus benefits. LED estimates the technology facility will result in an additional 78 […]

  • 1 December 2013

    Gondan Delivers World’s Most Eco-Friendly PSV Platform supply vessel Edda Ferd (hull C-444) was delivered today from Astilleros Gondan yard in Spain to the Norwegian company Ostensjo Rederi. In a couple of days the vessel will sail for Aberdeen, where she will start a long-term charter for Shell UK Ltd. Ulstein Bags Offshore Construction Vessel […]

  • 21 March 2016
    Research & Development

    National Oilwell Varco (NOV) has reportedly developed and validated a predictive solution that can foresee operational failures in subsea blowout preventer (BOP) components. NOV’s RIGSENTRY has been developed to offer a remote condition monitoring service that provides live predictive analytics of subsea BOPs. This new predictive capability is expected to provide real-time visibility into product health and […]

  • 1 June 2018
    Business & Finance

    Houston-based National Oilwell Varco (NOV) has acquired GustoMSC, a Dutch provider of design & engineering for mobile offshore units and equipment.

  • 22 April 2015
    Business & Finance

    Transocean, an offshore drillign contractor, has announced that Jeremy D. Thigpen has been named President and Chief Executive Officer effective April 22, 2015. Thigpen succeeds Ian C. Strachan, Interim CEO. Strachan, who is also the company’s Chairman of the Board of Directors, will retire from the Board at the end of his term at the […]

  • 25 August 2014
    Business & Finance, Equipment

    NOV Elmar, company which designs and manufactures wireline intervention equipment, has expanded its presence in Norway with a move into larger premises to meet increasing work levels.

  • 21 November 2016
    Equipment, Exploration & Production

    Offshore driller Maersk Drilling and oilfield equipment provider National Oilwell Varco have entered into a five-year partnership to improve maintenance predictability for drilling equipment. The two companies say the “shared vision” behind the pact is to implement a new maintenance mind-set which will “increase value for customers by minimizing operational down time, while lowering maintenance […]

  • 25 August 2014
    Business & Finance

    NOV Elmar, the global market leader in the design and manufacturing of wireline intervention equipment, has expanded its presence in Norway with a move into larger premises to meet increasing work levels. The new premises, which are purpose-built for NOV Elmar’s service offerings, are based in Tananger, a main oil and gas business area within […]

  • 27 October 2016
    Business & Finance, Equipment

    Akastor, an oil service investment company, has entered into a definitive agreement to sell its wellstream processing technology provider, Fjords Processing, to National Oilwell Varco (NOV) for a consideration of NOK 1,200 million on a debt- and cash-free basis. The transaction will realize an accounting gain of approximately NOK 650 million to Akastor, and will […]

  • 24 November 2013

    New Wind Farm Service Vessel from Damen Damen Shipyards has unveiled a completely new Wind Farm Service Vessel (WSV) to support and accommodate turbine maintenance crews at sea and allow them to ‘Walk-to-Work’. Daewoo Mangalia Seals Deal for Three Capesizes Scorpio Bulkers Inc. has reached an agreement with Daewoo Shipbuilding and Marine Engineering Co., Ltd. […]

  • 7 June 2019
    Equipment, Exploration & Production

    Offshore driller Transocean has bought two 20,000-psi (20K) blowout preventer (BOP) stacks from National Oilwell Varco, in a deal that the equipment manufacturer described as a historic one for the offshore oil and gas industry.

  • 21 July 2016

    Norway’s Kongsberg Oil & Gas Technologies has signed a purchase agreement with a subsidiary of National Oilwell Varco (NOV) regarding the sale of Subsea Products. Kongsberg said that the sale includes Thor tie-in, weaklink, pipeline structures , adjustable pipeline supports, GRP protection covers, hot tap systems, installation and repair tools, pig launchers, pig tracking systems, […]

  • 27 October 2016
    Business & Finance

    U.S. oilfield equipment provider National Oilwell Varco (NOV) sank to a loss during 3Q 2016 due to impairment charges as its revenues halved during the quarter.  On Wednesday, NOV reported a third quarter 2016 net loss of $1.36 billion compared to a profit of $155 million in the corresponding quarter last year. Excluding other items, […]

  • 8 December 2013

    KNUD E. HANSEN Ro-Pax Design for CS Marine CS Marine of Shanghai has contracted KNUD E. HANSEN A/S for the development of the design of a 120 m Ro-Pax vessel which will operate out of Hainan Island in the South China Sea. DNV GL and SDARI Unveil New Handymax Design DNV GL and Shanghai Merchant […]

  • 17 November 2013
    Business & Finance

    1. FSG Launches Amazon Warrior Seismic Vessel Flensburger Schiffbau-Gesellschaft successfully launched the first of two offshore seismic vessels for the WesternGeco concern. The ship was Hull No. FSG 760 and she was named Amazon Warrior. 2. DOF Subsea Lands USD 800 Mln Worth of Contracts The DOF Subsea Group has been awarded contracts with a […]

  • 24 November 2013
    Business & Finance

    1. McDermott Nets EPCI Contract in Arabian Gulf McDermott International, Inc. (“McDermott”) announced that one of its subsidiaries was awarded an Engineering, Procurement, Construction and Installation (EPCI) project for a customer in the Arabian Gulf. The value is approximately US$ 200 million and will be included in McDermott’s fourth quarter 2013 backlog. 2. Fugro Expands […]