Manufactures

National Oilwell Varco Sees Record Backlog as Equipment Orders Double

National Oilwell Varco Sees Record Backlog as Equipment Orders Double

Backlog for capital equipment orders in National Oilwell Varco’s (NOV) rig technology segment was $13.95 billion at the end of 2Q2013, a record high, 8% higher than at the end of 1Q2013 and 24% higher than at the end of 2Q2012, the company said Tuesday.

July 31, 2013