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About 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.

Headquarters Location

7909 Parkwood Circle Drive

Houston, Texas, 77036,

United States

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Expert Collections containing National Oilwell Varco

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Find National Oilwell Varco in 1 Expert Collection, including Fortune 500 Investor list.

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Research containing National Oilwell Varco

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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

New NORAG Halts CSO Sewage Litter

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

6/4/2018

$99M

Acquired

1

12/20/2016

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$99M

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10

6/1/2016

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$99M

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10

2/6/2012

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$99M

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0

7/22/2011

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$99M

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0

Date

6/4/2018

12/20/2016

6/1/2016

2/6/2012

7/22/2011

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

10

0

0

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

Denmark

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10

6/13/2022

Partner

Norway

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10

Date

5/5/2023

12/21/2022

9/26/2022

6/28/2022

6/13/2022

Type

Client

Client

Partner

Client

Partner

Business Partner

Country

Norway

China

United States

Denmark

Norway

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 .

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Sources

1

1

2

10

10

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

Welson Richard

Chief Executive Officer

Current

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Name

Welson Richard

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Work History

Title

Chief Executive Officer

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Status

Current

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