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NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas.It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
The company was founded as an oilfield supply store in Tulsa, Oklahoma in 1937. [3] Five years later, in 1942, it started selling rubber components to oil patch producers in Texas. [3] In the 1950s, it sold rubber products used to support bridges. [3]
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
Texas 1999 Six minor companies, adding 93 rigs to inventory various 2001 Three minor acquisitions, adding 34 rigs to inventory various 2002 Q Services [2] TX, LA, OK, NM and Gulf of Mexico 2003 Lea Fishing Tools (oilfield services) NM 2004 Fleet Cementers CA & TX 2007 Moncla Companies LA, MS & TX Advanced Measurements Incorporated (AMI) Canada
At one point, known as BJ Services Company, the company operated in more than 50 countries worldwide. BJ Services generated record revenue of $5.4 billion in fiscal 2008, up 13% from the prior year, and had 18,000 employees. [1] On April 28, 2010, the company was bought by Baker Hughes in a $5.5 billion stock and cash deal.
Floating cube at ExxonMobil headquarters Sysco headquarters Hewlett Packard Enterprise headquarters Post Oak Tower in Uptown Houston, the headquarters for Landry's and Fertitta Entertainment Crown Castle headquarters KBR Tower, KBR's headquarters Academy Sports + Outdoors headquarters in Katy, Texas. This is a list of major companies or ...
In the 1990s, the company designed and built the Rail King railcar mover, was awarded a contract to build $1.2 billion of 2.5 and 5-ton trucks for the U.S. Army, purchased Foley Valves – an oil field equipment supplier, acquired PAMCO – Waukesha gas compression & generating equipment, and signed an agreement with European Gas Turbines Ltd ...