NOV
- NOV Inc.
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Overview
Company Summary
NOV Inc., also known as National Oilwell Varco, is a leading global provider of equipment and services to the oil and gas industry. The company specializes in manufacturing and distributing technology, equipment, and components used in drilling operations, well completions, production, and ongoing maintenance.
NOV operates through three primary business segments:
1. Rig Technologies: This segment encompasses the design, manufacturing, and sale of drilling rigs, rig equipment, and related components. NOV offers a comprehensive range of drilling and wellbore construction solutions, including drilling machinery, mud pumps, top drives, drill pipe, and handling tools.
2. Wellbore Technologies: The wellbore technologies segment focuses on innovative products and services that optimize drilling activities and enhance wellbore productivity. NOV provides drill bits, directional drilling tools, measurement-while-drilling systems, and other drilling-related equipment to improve well performance and efficiency.
3. Completion & Production Solutions: This segment offers a broad range of equipment and technologies required for the completion, intervention, and production phases of an oil or gas reservoir. NOV provides an array of products, such as wellheads, artificial lift systems, valves, pumps, and processing equipment that help maximize production rates and ensure safe and efficient operations.
NOV's comprehensive portfolio of products and services allows them to support clients across the entire life cycle of oil and gas exploration, from drilling to production. They serve a diverse customer base, including oil and gas companies, drilling contractors, and offshore and onshore operators globally.
NOV focuses on constant innovation and providing cutting-edge technology to help clients reduce costs, improve efficiency, and enhance safety in their operations. With a strong global presence and a reputation for quality, NOV has established itself as a key player in the oil and gas industry.