Partners & Customers
10About National Oilwell Varco
National Oilwell Varco is a provider of major mechanical components for land and offshore drilling rigs, complete land drilling and well servicing rigs, tubular inspection and internal tubular coatings, drill string equipment, extensive lifting and handling equipment, and a broad offering of downhole drilling motors, bits and tools. The company also provides supply chain services through its network of distribution service centers.

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CB Insights Intelligence Analysts have mentioned National Oilwell Varco in 1 CB Insights research brief, most recently on Mar 16, 2022.
Latest National Oilwell Varco News
May 25, 2023
At a time when the media constantly shows footage of unsavoury sewage litter from UK and European Combined Sewage Overflows (CSOs) that pollute rivers and beaches, Fluid Motion Solutions, part of the global NOV group (National Oilwell Varco) are backing a new patented product, NORAG, which has been designed to prevent such occurrences. Developed by Samatrix, NORAG is a maintenance-free solution that has no moving parts and requires no electrical power. Using the Venturi effect, NORAG continuously draws off sewage debris from within the CSO screening chamber during storm conditions and high flows, allowing the screen to operate (as designed) for longer. This ultimately reduces the frequency of unconsented spills that result in sewage litter being sent to water courses. Fabricated from 316-grade stainless steel, NORAG has a product lifespan of around 30 years. It can be adapted to fit into most existing CSO’s without the requirement for costly excavations or structural modifications. NORAG simply returns any drawn off debris back into the main flow for disposal at the treatment works. NORAG inventor and Samatrix MD, Samuel Munn commented: “The industry knows that due to ever increasing and more extreme storm events, existing screening systems alone can’t prevent the influent from thickening; resulting in inevitable screen blinding, eventually sending all this very unpleasant waste over the blocked screen into rivers and on to beaches. These measures are no match for today’s wastewater challenges. They are, unfortunately, doomed to fail.” Neil Davies, Director of Industrial Business Development for NOV’s Fluid Motion Solutions, added: “Rather than simply trying to improve the screen in a CSO, which others have tried, but not resolved, we see the huge benefits in how Norag tackles the problem of sewage litter pollution. It is a completely different approach; making CSOs work far more efficiently and effectively. This is a golden opportunity for the water industry to stop ghastly sewage-related debris from being seen in rivers and on beaches.” For more information, visit www.norag.co.uk Source: NORAG
National Oilwell Varco Acquisitions
6 Acquisitions
National Oilwell Varco acquired 6 companies. Their latest acquisition was GustoMSC on June 04, 2018.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
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6/4/2018 | Acquired | 1 | ||||
12/20/2016 | ||||||
6/1/2016 | ||||||
2/6/2012 | ||||||
7/22/2011 |
Date | 6/4/2018 | 12/20/2016 | 6/1/2016 | 2/6/2012 | 7/22/2011 |
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Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 1 |
National Oilwell Varco Partners & Customers
10 Partners and customers
National Oilwell Varco has 10 strategic partners and customers. National Oilwell Varco recently partnered with Havfram on May 5, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
5/5/2023 | Client | Norway | NOV Wins New Contract to Supply Wind Turbine Installation Vessel Design to Havfram NOV has signed a new contract with China 's CIMC Raffles to supply another GustoMSC ™ NG-20000X self-propelled wind turbine installation jack-up vessel design for Havfram , an offshore wind services company based in Norway , which recently ordered its second wind turbine installation vessel from CIMC Raffles . | 1 | |
12/21/2022 | Client | China | CIMC Orders NOV Design, Equipment for Havfram's Offshore Wind Installation Vessel NOV has signed contracts with China 's CIMC Raffles design and equip a self-propelled wind turbine installation jack-up vessel design for the Norwegian offshore wind services company Havfram | 1 | |
9/26/2022 | Partner | United States | NOV and Bardasz Announce Collaboration in Data Management Technology and Services `` By integrating our solution with NOV 's Max Platform , we bring together the best elements of Bardasz and NOV in order to provide customers with the highest quality real-time data for business and operational decision-making , '' said Pablo Pérez , CEO , Bardasz . | 2 | |
6/28/2022 | Client | ||||
6/13/2022 | Partner |
Date | 5/5/2023 | 12/21/2022 | 9/26/2022 | 6/28/2022 | 6/13/2022 |
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Type | Client | Client | Partner | Client | Partner |
Business Partner | |||||
Country | Norway | China | United States | ||
News Snippet | NOV Wins New Contract to Supply Wind Turbine Installation Vessel Design to Havfram NOV has signed a new contract with China 's CIMC Raffles to supply another GustoMSC ™ NG-20000X self-propelled wind turbine installation jack-up vessel design for Havfram , an offshore wind services company based in Norway , which recently ordered its second wind turbine installation vessel from CIMC Raffles . | CIMC Orders NOV Design, Equipment for Havfram's Offshore Wind Installation Vessel NOV has signed contracts with China 's CIMC Raffles design and equip a self-propelled wind turbine installation jack-up vessel design for the Norwegian offshore wind services company Havfram | NOV and Bardasz Announce Collaboration in Data Management Technology and Services `` By integrating our solution with NOV 's Max Platform , we bring together the best elements of Bardasz and NOV in order to provide customers with the highest quality real-time data for business and operational decision-making , '' said Pablo Pérez , CEO , Bardasz . | ||
Sources | 1 | 1 | 2 |
National Oilwell Varco Team
11 Team Members
National Oilwell Varco has 11 team members, including current Chief Executive Officer, Welson Richard.
Name | Work History | Title | Status |
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Welson Richard | Chief Executive Officer | Current | |
Name | Welson Richard | ||||
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Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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