Energy & Power

National Oilwell Varco USA

Company Profile Analysis

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National Oilwell Varco USA - Energy & Power showcase

Year Founded & Workforce

Not available

Industry

Energy & Power

Services

N

National Oilwell Varco USA Overview

National Oilwell Valco (NOV) was established in 1841 has headquarters in Houston, Texas, United States. A Delaware corporation incorporated in 1995, it has operational presence over 1200 locations across six continents, and had 64,000 employees globally until 2014.

The company operates in four broad business segments, namely Rig Systems, Rig Aftermarket, Completion and Production Solutions, and Wellbore Technologies. The Wellbore Technologies offers operations such as Drilling Intervention, Dynamic Drilling Solutions, Grant Pridecotm, Integrated Approach, Intelliserv, Turoscopetm and Wellsite Services. This segment reported a revenue of USD 2.2 billion in the FY 2016, accounting for 30% of the company’s revenue. They compete with manufactures such as DP Master Manufacturing Pvt Ltd. (China), Drill Pipe International Llc. (USA), Hilong Group. (China).

Strategy

The company sees new product launches as key strategy and continued partnerships & collaborations of its services to the existing global network. The company believes in purposeful innovation through business innovation, product creation and service delivery The Strix stickup height detection (SHD) technology, built by National Oilwell Varco (U.S.), provides an accurate height set point for pipe-handling machines during drill pipe and casing trip-in sequences with the use of imaging sensors and computer vision techniques, which enables improved efficiency and consistency. NOV recently announced their proposed joint venture and will establish a training centre to develop Saudi technicians to maintain and operate the sophisticated drilling technology produced by the venture.

Company Snapshot

$21,440M

Revenue

SWOT Analysis

Strengths

  • Strong presence
  • Strong investment in research and developments
  • Product diversity

Weaknesses

  • Low inventory stocking for drilling equipment in various region
  • The company revenue has gradually decreased in past 3 years
  • Low customer base

Opportunities

  • Growing demand for oil & gas.
  • Appearance of shale gas outside US borders
  • Implementation of modern drill pipe manufacturing technology.

Threats

  • Volatility in global inflation rates
  • Developments in renewable energy sector
  • Political intervention in oil & gas industries

Product Offering

  • National Oilwell Varco USA
    • Drill Pipe
    • High Strength Drill Pipe
    • Advanced Sour Service Grade Drill Pipe

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles National Oilwell Varco USA as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

National Oilwell Varco USA

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