Oilwell

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

NOV: North America Demand Weak for Pressure Pumping

National Oilwell Varco Inc. (NOV) COO Clay Williams said Friday the company is facing “headwinds” in North America on weaker-than-expected demand for pressure pumping and equipment.

April 29, 2013
NOV: Weak Demand for Pressure Pumping in North America

NOV: Weak Demand for Pressure Pumping in North America

National Oilwell Varco Inc. (NOV) COO Clay Williams said Friday the company is facing “headwinds” in North America on weaker-than-expected demand for pressure pumping and equipment.

April 29, 2013

NOV CEO: Buckle Your Seat Belts, Keep Your Eyes On China

National Oilwell Varco Inc. (NOV) CEO Pete Miller believes a slump in North American onshore drilling will continue through this year, but offshore activity is strong, and international activity is high on his radar, particularly in China.

February 11, 2013

NOV’s Deepwater Business Overcomes ‘Very Weak’ Land Market

National Oilwell Varco Inc. (NOV) finished 2012 with a record backlog of rig technology orders, but there’s a “cross current” for the markets in 2013, especially in North America’s land operations, according to the management team.

February 5, 2013

NOV’s Miller: Buckle Your Seat Belts, Keep Your Eyes On China

National Oilwell Varco Inc. (NOV) CEO Pete Miller believes a slump in North American onshore drilling will continue through this year, but the international energy equipment business is high on his radar, particularly in China.

February 5, 2013

U.S. Onshore Drilling Stalls, Says NOV Exec

National Oilwell Varco Inc. (NOV), the largest oilfield equipment supplier in North America, beat profit forecasts in 3Q2012 on solid demand in the deepwater and overseas, but the U.S. land drilling market has stalled, executives said Thursday.

October 29, 2012
‘Everybody’s Hesitating’ in North American Onshore, Says NOV Exec

‘Everybody’s Hesitating’ in North American Onshore, Says NOV Exec

National Oilwell Varco Inc. (NOV), the largest oilfield equipment supplier in North America, beat profit forecasts in 3Q2012 on solid demand in the deepwater and overseas, but the U.S. land drilling market has stalled, executives said Thursday.

October 26, 2012

Equipment Orders, Earnings Jump at National Oilwell Varco

Lower commodity prices weren’t enough to slow business at National Oilwell Varco Inc. (NOV), which reported a growing backlog of capital equipment orders and increased quarterly earnings compared with 2Q2011.

July 30, 2012

Equipment Orders, Earnings Jump at National Oilwell Varco

Lower commodity prices weren’t enough to slow business at National Oilwell Varco Inc. (NOV), which reported a growing backlog of capital equipment orders and increased quarterly earnings compared with 2Q2011.

July 27, 2012
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