National Oilwell Varco latest to go down soft rebrand route
Houston-headquartered oilfield equipment maker National Oilwell Varco has become the latest firm in the hydrocarbons sector to announce a soft rebrand.
National Oilwell Varco
Biggest ever Subsea Expo dives into the ‘blue economy’
Subsea Expo 2020, set to be the biggest in the event’s 15-year history, has today announced its programme of speakers for the conference which will see 70 industry professionals take to the stage at P&J Live on 11-13 February 2020.
Losses continue to mount for National Oilwell Varco in third quarter
Losses continue to mount for Houston oil field service company National Oilwell Varco, which posted a nearly quarter billion loss during the third quarter.
Drillers fighting for survival in world of cheap oil
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
National Oilwell Varco cuts 1,500 jobs, narrows losses
National Oilwell Varco cut some 1,500 jobs in the first half of the year as the Houston energy services company narrowed its losses.
NOV in £120m Fjords Processing takeover
National Oilwell Varco (NOV) has agreed to buy oil and gas service firm Fjords Processing for NOK 1,200million (£120million).
NOV cuts quarterly dividend to $0.05 per share
National Oilwell Varco cut its quarterly dividend to $0.05 per share in response to market conditions which continued to deteriorate through the first quarter of 2016.
National Oilwell Varco’s third quarter results reflect downturn
National Oilwell Varco posted better than expected third quarter results, recording earnings of $155million, compared to $289million in the previous three-month period, whilst stating it expected to take advantage of investment opportunities in the continued downturn.
National Oilwell Varco focused on cost cutting as earnings dip
The boss of US oil field services giant National Oilwell Varco said the company would continue to focus on cost reduction as second quarter earnings dipped.
National Oilwell Varco to cut 1,500 Norwegian jobs
National Oilwell Varco, the largest U.S. oilfield equipment maker, said it will cut its Norwegian workforce by 1,500 by the end of this year as low oil prices have reduced investments. It plans to cut 900 permanent jobs and 600 contractors, the firm said in a statement on Wednesday.