National Oilwell Varco (NYSE: NOV) is a multinational corporation based in Houston, Texas, which manufactures land-based and offshore oil drilling rigs as well as all the major mechanical components for such rigs. The company also performs a number of services for the oil industry such as well and pipeline inspections and is one of the market leaders in supply chain management through their distribution network of over 200 locations.
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National Oilwell Varco (NYSE: NOV) is a multinational corporation based in Houston, Texas, which manufactures land-based and offshore oil drilling rigs as well as all the major mechanical components for such rigs. The company also performs a number of services for the oil industry such as well and pipeline inspections and is one of the market leaders in supply chain management through their distribution network of over 200 locations.
Products include all the heavy hardware for oil well drilling as well as drilling instrumentation and controls and drilling power generation and control. Partial list of heavy hardware includes topdrives, rotarys, drawworks, derricks, BOP's (blowout preventers), mud pumps, riser equipment, and complete drilling rigs. Products also include instruments and controls required on the rig floor for the drilling operation. This includes sophisticated electronics for precise control. Further, NOV produces control electronics for power generation and control of...
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