NOV Announces Joint Venture to Provide High-Specification Drilling Rigs and Advanced Drilling Equipment
NOV Inc. (NOV)
Last nov inc. earnings: 4/27 06:45 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services. Additionally, the companies announced their proposed joint venture will establish an education center to train Saudi technicians in the maintenance and operation of the sophisticated drilling technology that the venture will bring to the Kingdom. The joint venture will be supported by a commitment from the previously announced Saudi Aramco Nabors Drilling Company to purchase fifty (50) onshore drilling rigs from the NOV / Saudi Aramco joint venture over a ten (10)-y
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NOV
News
- NOV Announces First Quarter 2024 Earnings Conference CallBusiness Wire
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- Intelligent Completion Market Projected to Grow at 4.1% CAGR, Surpassing US$ 2.8 Billion by 2034 | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- NOV's Telescopic Leg Crane Sets Novel Industry Standard [Yahoo! Finance]Yahoo! Finance
NOV
Earnings
- 2/1/24 - Beat
NOV
Sec Filings
- 3/6/24 - Form 3
- 3/6/24 - Form 8-K
- 2/26/24 - Form 4
- NOV's page on the SEC website