Orders

‘Capital Austerity’ in Offshore, Onshore Creating Near-Term Uncertainty, Says NOV CEO

‘Capital Austerity’ in Offshore, Onshore Creating Near-Term Uncertainty, Says NOV CEO

Houston-based National Oilwell Varco Inc. (NOV), which provides oilfield technology for onshore and offshore customers, said customers spent less than expected during the first quarter, with orders for new equipment sparse.

April 30, 2019

FERC Issues Flurry of Natural Gas Orders on Powelson’s Final Day

In a flurry of activity on Robert Powelson’s final day, FERC on Friday issued several orders on natural gas pipeline projects, with most denying requests for rehearings. And in a possible sign of things to come, two commissioners dissented on several of the votes.

August 13, 2018

ACP, MVP Challengers Flood FERC with Rehearing Requests

Dozens of groups and individuals filed rehearings requests this week challenging FERC’s certificate orders approving the Atlantic Coast (ACP) and Mountain Valley (MVP) pipelines.

November 14, 2017
NOV Books 75,000 HHP in First Quarter as Shift to U.S. Onshore Continues

NOV Books 75,000 HHP in First Quarter as Shift to U.S. Onshore Continues

Drilling technology expert National Oilwell Varco Inc., which has steadily shifted its operational focus to U.S. land business, booked 75,000 hydraulic horsepower (hhp) fracturing equipment orders during the first quarter, bringing its total at the end of March to 150,000 hhp.

April 27, 2017

Senate Poised to Vote Friday on Pruitt Nod to Lead EPA

The Senate voted Thursday to move forward with a vote to confirm Oklahoma Attorney General Scott Pruitt to head the Environmental Protection Agency (EPA), but one Republican senator said she will oppose his confirmation.

February 16, 2017

FERC Wraps Up Bay’s Last Week With Flurry of Orders, Delegates to Staff

Getting its ducks in a row while it still had a quorum, FERC handed down a slew of orders Friday while setting the terms for how the agency will conduct important business after the departure of Commissioner Norman Bay.

February 3, 2017

Futures Trader Accused of ‘Spoofing’ Gold, NatGas Markets Suspended For 60 Days

CME Group Inc. has suspended one of its futures traders for at least 60 days after an investigation found he attempted to manipulate the gold and natural gas futures markets through “spoofing” and is suspected of money laundering in Cyprus.

August 23, 2016
NOV Not Calling Bottom, Moving to Capture Shale Work as Offshore Collapses

NOV Not Calling Bottom, Moving to Capture Shale Work as Offshore Collapses

Houston-based National Oilwell Varco Inc., which provides drilling support services worldwide, sees no relief in sight for its bread-and-butter offshore business, but it is seeing potential opportunities in the U.S. onshore, management said Thursday.

July 28, 2016

National Oilwell CEO Sees ‘Good Foundation’ For Eventual Recovery, But Timing Uncertain

National Oilwell Varco Inc. (NOV), which makes and supports advanced drilling systems, has moved into restructuring mode to wait out the eventual upcycle, but until then, it’s going to be a difficult period, CEO Clay Williams said Tuesday.

April 28, 2015

E&P Companies Stayed Away From NGV Showrooms Last Year

Natural gas vehicle (NGV) production and sales fell 6.5% last year as gains in the heavy- and medium-duty segments were offset in declines in the light-duty vehicle segment, trade association NGVAmerica said Thursday. Last year, NGV production/sales totaled just over 18,000 vehicles.

March 26, 2015
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