Saudi Aramco to signs deal to make onshore oil rigs, equipment [Reuters]
NOV Inc. (NOV)
Last nov inc. earnings: 4/27 06:45 pm
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Source: Reuters
Saudi Aramco to signs deal to make onshore oil rigs, equipment | Reuters Reuters Staff 1 Min Read DUBAI (Reuters) - Saudi Aramco signed a deal with National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, the state-owned Saudi energy firm said. Saudi Aramco will own 30 percent of the venture, while the rest will be owned by NOV, the statement said. Aramco President and Chief Executive Amin Nasser said the deal was a step “towards the creation of a vibrant energy services sector.” Aramco, the world’s biggest oil producing company which the Saudi government plans to list in the kingdom and abroad, has been seeking to expand its operations with new downstream and associated industry investments. The new venture, which will be based in Ras Al-Khair, near the Jubail Industrial City on Saudi Arabia’s east coast, aims to produce 10 onshore rigs per year, Aramco said. Commissioning of the facility is expected by 2020 with the first rig to b
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News
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- A Look At The Intrinsic Value Of NOV Inc. (NYSE:NOV) [Yahoo! Finance]Yahoo! Finance
- NOV Inc. (NYSE: NOV) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $26.00 price target on the stock.MarketBeat
NOV
Earnings
- 2/1/24 - Beat
NOV
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- NOV's page on the SEC website