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.
Articles from Orders
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.
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.
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.
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.
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.
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.
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.
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.
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.