Varco

Chesapeake Energy Corp. CEO Aubrey McClendon and National Oilwell Varco CEO Pete Miller, the lead independent director of the board, late Tuesday sent a letter to shareholders addressing”certain issues” raised last week by John Liu, the City of New York’s comptroller, who oversees the city’s pension funds.

National Oilwell Varco Inc. (NOV), which supplies rig technology components and supply chain systems, reported Wednesday that quarterly profits surged from a year ago as operators continued to boost their spending for drilling know-how to compete in more difficult-to-extract basins.

National Oilwell Varco Inc. (NOV), which supplies rig technology components and supply chain systems, reported Wednesday that quarterly profits surged from a year ago as producers boosted their budgets for technology to compete in more difficult-to-extract basins.

National Oilwell Varco Inc.’s (NOV) backlog for capital equipment orders jumped by one-third from the end of March to the end of June, the oilfield services operator said Tuesday.

National Oilwell Varco Inc. (NOV), the largest U.S. oilfield equipment manufacturer, on Tuesday posted higher than expected quarterly profits, in part on rig technology orders, which jumped 26% in the period.

Houston-based National Oilwell Varco Inc. and Pasadena, CA-based Ameron International Corp. said National Oilwell will acquire Ameron for $772 million cash. Ameron’s shareholders will receive $85/share. The deal is expected to close in the fourth quarter. Ameron is a producer of fiberglass-composite pipe used to transport oil, chemicals and corrosive fluids. National Oilwell designs and manufactures oil/gas drilling and production equipment. It was not disclosed what is planned for Ameron’s California headquarters or its 2,900 employees worldwide.

National Oilwell Varco Inc. (NOV), one of the biggest equipment manufacturers in the oilfield services industry, last week reported a huge jump in its backlog for rig equipment orders in North America.

Because of strong drilling in North America’s onshore basins, oilfield equipment manufacturer National Oilwell Varco Inc. (NOV) said Tuesday its rig equipment backlog at the end of September was worth an estimated $4.87 billion — more than at the end of the second quarter.

National Oilwell Varco Inc. (NOV), one of the biggest equipment manufacturers in the oilfield services industry, saw its share price jump more than 7% in heavy volume Tuesday after the company reported a huge jump in the backlog for rig equipment orders.