NOV (ASX: NOV) — Company Overview, News & Financial Data
NOV specializes in equipment for oil and gas operations, focusing on innovation to enhance energy sector performance.
NOV
NOV is a global provider of equipment, technologies, and services to the oil and gas industry and broader energy sectors. Headquartered in Houston, Texas, the company operates through three main divisions: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It designs, manufactures, and services equipment for onshore and offshore drilling operations, including land and offshore rigs, drill bits, downhole tools, pressure pumping hardware, subsea production systems, and composite piping networks. NOV also supplies equipment and technical solutions for offshore wind installation vessels, geothermal energy projects, and environmental control systems across major energy-producing regions worldwide.
Snapshot
Operations
Products and/or services of NOV
- Wellbore Technologies: Manufactures drill bits, downhole tools, drill pipe, reamers, and drill stem components while providing solids control, waste management, fluids processing, tubular inspection, and real-time automated drilling optimization services to oilfield operators globally.
- Completion and Production Solutions: Supplies hydraulic fracturing equipment, coiled tubing units, pressure pumping hardware, subsea production hardware, flexible pipe systems, process equipment, and composite piping systems for land-based and deepwater oil and gas fields worldwide.
- Rig Technologies: Designs, manufactures, and services major equipment packages for land drilling rigs and offshore mobile offshore drilling units, including top drives, drawworks, iron roughnecks, blowout preventers, and heavy cranes.
- Offshore Wind and Energy Transition Equipment: Provides heavy-lift cranes, jacking systems, pipe lay equipment, and specialized installation components designed for offshore wind turbine installation vessels and marine renewable energy infrastructure across European and Asian markets.
- Wellsite Services and Power Systems: Delivers modular power generation systems, site utility equipment, geothermal fluid systems, and specialized well site automation software to maintain continuous power and operational efficiency in remote onshore fields.
- Tubular Inspection and Asset Integrity Services: Conducts non-destructive testing, internal pipe coating, corrosion prevention, and condition monitoring for oil country tubular goods, drill strings, and gathering pipelines across major energy hubs worldwide.
NOV executive team
- Mr. Jose A. BayardoPresident, CEO & Chairman
- Mr. Craig L. Weinstock J.D.Senior VP, General Counsel & Secretary
- Mr. Joseph W. RovigPresident of Energy Equipment
- Mr. Rodney C. ReedSenior VP & CFO
- Ms. Christy H. NovakVP, Corporate Controller & Chief Accounting Officer
- Mr. David ReidChief Marketing Officer & CTO
- Mr. Alex PhilipsChief Information Officer
- Ms. Bonnie HoustonChief Administrative Officer
- Amie D'AmbrosioDirector of Investor Relations
- Mr. Mike LoucaidesChief Health, Safety, Security & Environmental Officer