NOV Inc - Company Profile
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Business Description
NOV Inc (NOV), formerly National Oilwell Varco Inc, provides technology and equipment to the upstream oil and gas industry. It offers rig systems, wellbore technologies, well-site services, completion tools, floating production systems, fiberglass systems, and pole products.
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Business Segments
Overview
Integrates technologies for well completion and oil and gas production. Offers solutions through eight business units: Intervention and stimulation equipment; fiberglass systems; process and flow technologies; subsea production systems; XL systems; industrial pumps and mixers; pole products; and completion tools. Portfolio of products includes pressure pumping trucks, hydration units, blenders, injection units, sanders, manifolds, flowline, wireline units and tools, coiled tubing units, surface transfer and progressive cavity pumps, composite pipes and artificial lift systems, and subsea technologies. Major customers include service providers and oil and gas companies. Primary facilities are at Houston, and Fort Worth, Texas; and Tulsa, Oklahoma, the US; Senai, Malaysia; Kalundborg, Denmark; Superporto du Acu, Brazil; Manchester and Aberdeenshire, the UK; and Qingdau, Shandong, China. In FY2022, the segment’s capital expenditure stood at US$59 million, which grew 28.3% YoY.
Performance
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Overview
Offers drilling rig components, land rigs, and offshore drilling equipment packages to mechanize and automate the drilling process and rig functionality. Portfolio of products includes substructures, derricks, and masts; pipe lifting, racking, rotating, and assembly systems; cranes; fluid transfer technologies; pressure control equipment; power transmission systems; and rig instrumentation and control systems. Operates service and repair facilities for offering spare parts, repair, and rentals and training solutions for customers, including land and offshore drillers. Operates major manufacturing facilities in Houston, Texas; Orange, California; New Iberia, Louisiana, the US; Singapore; and Dubai, the UAE. In FY2022, the segment reported a capital expenditure of US$34 million, which declined 54.1% YoY.
Performance
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Overview
Offers critical technologies, equipment, and services to maximize customer efficiency and economics associated with oil and gas wells It provides offerings through eight business units: Downhole, ReedHycalog, WellSite Services, Tuboscope, M/D Totco, Directional Drilling, Grant Prideco, and IntelliServ. Offerings include control of solids and waste management equipment and services; portable power generation; drilling fluids; premium drill pipe; oilfield digital solutions; directional drilling technologies; wired pipe; tubular inspection, repair and coating services; rope access inspection; instrumentation; drilling optimization and automation services; measuring and monitoring; hole openers; downhole and fishing tools; steerable technologies; and drill bits Customers include oil and gas oilfield service and oilfield equipment rental companies, and drilling contractors Owns and operates operational facilities at Houston, Conroe, Navasota, and Cedar Park in Texas, the US; Veracruz, Mexico; and Dubai, the UAE. In FY2022, the segment’s capital expenditure stood at US$109 million, which grew 41.6% YoY.
Performance
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Geographical Segments
- Brazil
- Canada
- China
- Norway
- Other Countries
- Saudi Arabia
- Singapore
- South Korea
- United Arab Emirates
- United Kingdom
- United States
Performance
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Performance
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Performance
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Performance
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Target Markets
The Netherlands, South Africa, France, Turkey, Malaysia, Italy, Belarus, Mexico, Oman, Australia, Russia, Colombia, Germany, Venezuela, Mauritius, Jersey, Argentina, Thailand, Algeria, Bahrain, Belgium, Bolivia, Chile, Denmark, Egypt, Guatemala, Guyana, Hungary, Peru, Poland, Romania, Brunei Darussalam, Ukraine, Angola, Barbados, Cayman Islands, Gabon, India, Kenya, Mozambique, Uganda, Ghana, Namibia, Nigeria, Tanzania, Trinidad and Tobago, Bermuda, Austria, Curacao, Tunisia, Indonesia and Aruba.
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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