NOV Inc. (National Oilwell Varco, commonly known as NOV) is a leading worldwide provider of equipment and components used in oil and gas drilling and production operations. The company was founded in 1841 and has a rich history marked by numerous mergers and acquisitions, each bringing specialized expertise that has shaped its portfolios and strengthened the company's position in the market.
NOV's headquarters are located in Houston, Texas, and they operate in over 60 countries. They employ over 30,000 individuals globally, reflecting the company’s expansive reach and commitment to utilizing a wide array of knowledge and skills in its operations.
NOV is known for its innovative technologies and comprehensive industrial solutions that prioritize not only performance efficiency, but also safety and sustainability. Its equipment is universally recognized for its precision and capacity, as it follows stringent quality standards and uses advanced engineering techniques.
NOV Inc. is segmented into three main operations: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. These divisions are designed to focus on various stages of oil and gas production, from the initial drilling to the final production and processing.
Wellbore Technologies segment develops the tools, products, and technology necessary to maximize the efficiency of the drilling process, thereby reducing the costs and minimizing the environmental impact. Completion & Production Solutions segment focuses on the equipment and technologies used after the well is drilled to help optimize production rates. Last but not least, the Rig Technologies segment services the drilling industry's rig equipment needs, including delivering integrated, automated, and innovative equipment solutions.
In addition to providing industry-leading products and services, NOV has a strong commitment to social responsibility and environmental sustainability. The company has made environmental protection a key part of its strategy, illustrating the responsible approach they carry out in their operations.
Over the years, NOV Inc. has built a strong reputation and deep trust within the industry, becoming a preferred partner for many companies across the globe. NOV’s extensive history, combined with their innovative and sustainable approach to oil and gas drilling and production, makes them a significant player in the energy industry. Their tireless dedication to improving their technologies and optimizing their processes offers a promising outlook for the future of the company.