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National Oilwell
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A worldwide leader in the design, manufacture and sale of comprehensive systems and components used in oil and gas drilling and production, as well as in providing supply chain integration services to the upstream oil and gas industry.
Through its Products and Technology segment, National Oilwell designs, manufactures and assembles drawworks, mud pumps, power swivels (also known as "top drives"), masts, derricks, sub-structures, drilling motors and specialized drilling tools. National Oilwell also provides electrical power systems, computer control systems and automation systems. In addition, National Oilwell offers engineering and fabrication services to integrate its drilling products and deliver complete land drilling rigs and drilling modules for offshore applications. Through the Company’s Distribution Services segment, National Oilwell utilizes strategically placed service centers and state of the art information technology platforms to provide procurement, inventory management and logistics support to drilling and production companies worldwide. |
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Recent Articles
Thursday, August 09, 2012 The combination of the manufacturing infrastructure and portfolios of technology will allow NOV to further advance its services, NOV Chairman, President and CEO Pete Miller said.
Wednesday, October 08, 2008 Frame agreements with a collective value of roughly NOK 3 billion have been concluded by StatoilHydro with suppliers of drilling equipment.
Union Drilling to Buy Six Drilling Rigs from National-Oilwell, L.P.
Tuesday, December 13, 2005 Union Drilling has executed an agreement to acquire three Ideal Rigs from National-Oilwell, L.P. for an aggregate purchase price of $24 million and an option to acquire an additional three Ideal Rigs for an aggregate price of $25.2 million.
National Oilwell & Varco Merger Approved
Friday, March 11, 2005 National-Oilwell and Varco International jointly announced that the merger of the two companies was approved today by stockholders of each company by substantial margins.
National Oilwell & Varco Expect Close Merger on March 11th
Monday, March 07, 2005 National-Oilwell and Varco International jointly announced that, based upon a review of stockholder proxies returned to the companies to date, they expect to close the previously-announced merger of the two companies on the afternoon of March 11, 2005.
National Oilwell Reports Record Revenues and Backlog
Friday, February 25, 2005 National-Oilwell reported fourth quarter revenues of $669.5 million and net income of $50.0 million, or $0.58 per diluted share. Full year 2004 revenues were $2.3 billion, and net income was $110.2 million, or $1.27 per share.
National Oilwell & Varco to Hold Meetings to Approve Merger
Tuesday, January 25, 2005 National-Oilwell and Varco International, Inc. jointly announced that each of the companies will hold special meetings of their respective stockholders on Friday, March 11, 2005, in Houston, Texas to vote on the previously announced merger between the two companies.
Tuesday, January 18, 2005 KCA DEUTAG and National Oilwell have unveiled the impressive new 4,600hp fully mechanized integrated Full Platform Rig (FPR) they have been building for ChevronTexaco, at the National Oilwell Galena
Park facility, Houston, Texas, USA.
National Oilwell Wins Crane Contract from Statoil
Wednesday, December 22, 2004 A contract worth NOK 180-240 million covering maintenance of deck cranes on the Norwegian continental shelf has been awarded by Statoil to National Oilwell Norway.
National Oilwell & Varco Update Merger Progress
Thursday, December 16, 2004 National-Oilwell, Inc. and Varco International, Inc. jointly announced that they expect to substantially comply with the second request issued by the Antitrust Division of the U.S. Department of Justice by year end.
National Oilwell Reports Third Quarter Earnings
Friday, October 29, 2004 National-Oilwell announced results for the third quarter of 2004, reporting net income of $27.8 million, or $0.32 per diluted share, compared to second quarter 2004 net income of $21.4 million, or $0.25 per diluted share. Revenues were $619 million for the period compared to second quarter revenues of $534 million.
National Oilwell & Varco Asked to Give More Info on Merger
Wednesday, October 13, 2004 National-Oilwell and Varco International jointly announced that they have received a request for additional information from the Antitrust Division of the U.S. Department of Justice regarding the proposed merger between the companies.
National Oilwell & Varco Ink Merger Deal
Thursday, August 12, 2004 National-Oilwell, Inc. and Varco International Inc. jointly announced today the signing of a definitive merger agreement.
National Oilwell Reports Second Quarter Earnings
Friday, July 30, 2004 National-Oilwell announced results for the second quarter of 2004, reporting net income of $21.4 million, or $0.25 per diluted share, compared to first quarter 2004 net income of $11.0 million, or $0.13 per diluted share.
Thursday, July 29, 2004 National-Oilwell has been awarded a letter of intent regarding the design and construction project for a complete drilling facility for Agip Kazakhstan North Caspian Operating Company's (Agip KCO) "D" Island Project in the Kashagan field in Kazakhstan.
COSL to Buy Equipment for its Newbuild from National Oilwell
Tuesday, June 01, 2004 China Oilfield Services Limited signed an equipment purchase contract with National Oilwell. The total consideration for the contract is over US$30 million.
National Oilwell Introduces the Ideal Rig System
Wednesday, May 26, 2004 National-Oilwell has launched marketing of its Ideal™ Rig System, purpose built for the North American land market, and designed and manufactured to achieve extraordinary gains in drilling performance, safety enhancements and economic efficiencies.
National Oilwell Reports First Quarter Earnings
Thursday, April 29, 2004 National-Oilwell announced results for the first quarter of 2004, reporting net income of $11.0 million, or $0.13 per diluted share, compared to fourth quarter 2003 net income of $19.5 million, or $0.23 per diluted share. Revenues were $496 million for the period compared to fourth quarter revenues of $530 million.
Union Drilling Orders New Drilling Rigs
Monday, February 23, 2004 Union Drilling has ordered two new rigs for its Appalachian fleet due to a series of significant discoveries resulting from horizontal drilling in the Trenton Black River formation in New York and northern Pennsylvania.
National Oilwell Reports Fourth Quarter and 2003 Earnings
Thursday, February 12, 2004 National-Oilwell, Inc. reported fourth quarter revenues of $530 million and net income of $14.6 million, or $0.17 per diluted share, after fourth quarter charges described below which total $10.7 million ($0.13 per share).
