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National Oilwell Varco Inc (NOV)

NOV on New York Consolidated

38.92USD
20 Jan 2017
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$1.02 (+2.69%)
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Latest Key Developments (Source: Significant Developments)

Maersk Drilling enters 5-yr partnership with National Oilwell Varco
Monday, 21 Nov 2016 09:10am EST 

A.P Moller-Maersk's drilling unit Maersk Drilling : Says has entered into a five-year partnership with National Oilwell Varco to improve maintenance predictability for drilling equipment. . Says agreement covers Maersk Drilling's three deepwater D-class semi-submersibles as well as the four ultra-deepwater V-class drillships. . Says ultimate goal is to eliminate the need for quay side yard stays every five years. Further company coverage: [MAERSKb.CO] (Copenhagen newsroom) ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 03;)).  Full Article

National Oilwell Varco sets regular quarterly cash dividend of $0.05per share
Thursday, 17 Nov 2016 06:30am EST 

National Oilwell Varco Inc :Sets regular quarterly cash dividend of $0.05per share.  Full Article

National Oilwell Varco announces settlement with U.S. regulators
Wednesday, 9 Nov 2016 05:27pm EST 

National Oilwell Varco Inc : National Oilwell Varco - settlement agreements to resolve investigations by U.S. DOJ, Department of Commerce, Bureau of Industry And Security . National Oilwell Varco - will pay a total of $25 million to resolve investigations - SEC filing .National Oilwell Varco - settlement agreements to resolve investigations regarding company's compliance with U.S. Export trade laws and regulations.  Full Article

National Oilwell Varco Q3 loss per share $3.62
Wednesday, 26 Oct 2016 09:13pm EDT 

National Oilwell Varco Inc : Q3 loss per share $0.34 excluding items . Q3 loss per share $3.62 . Q3 revenue $1.65 billion versus I/B/E/S view $1.68 billion . Q3 earnings per share view $-0.28 -- Thomson Reuters I/B/E/S . Continue to aggressively reduce costs, improve efficiencies, and invest in comprehensive technology portfolio .Believe declining global production and improving commodity prices are setting stage for a broader recovery in 2017.  Full Article

Akastor sells Fjords to NOV in NOK 1.2 bln deal
Wednesday, 26 Oct 2016 08:44pm EDT 

Akastor Asa : Agrees to sell Fjords Processing to National Oilwell Varco for NOK 1.2 billion ($145.04 million) on debt- and cash-free basis . Fjords is a global leader in complete process support systems for gas, oil and water . The transaction will realize an accounting gain of approximately NOK 650 million to Akastor, and will be recognised in the fourth quarter results. . The transaction is expected to release approximately NOK 1,150 million in cash for Akastor .The transaction is expected to be completed in Q4 2016, pending clearance from Norwegian and Korean competition authorities.  Full Article

National Oilwell reports Q2 loss per share $0.30 excluding items
Thursday, 28 Jul 2016 06:45am EDT 

National Oilwell Varco Inc : Backlog for capital equipment orders for rig systems at june 30, 2016 was $2.94 billion . New orders during quarter were $66 million for rig systems . Backlog for capital equipment orders for completion and production solutions at june 30, 2016 was $947 million, down 5 percent from q1 . National oilwell varco reports second quarter 2016 results . Q2 loss per share $0.30 excluding items . Q2 loss per share $0.58 . Q2 revenue $1.72 billion versus i/b/e/s view $1.79 billion . Q2 earnings per share view $-0.32 -- Thomson Reuters I/B/E/S . Rig systems generated revenues of $564 million in q2 of 2016, a decrease of 39 percent from q1 of 2016 . Backlog for capital equipment orders for rig systems at june 30, 2016 was $2.94 billion .Other items in quarter included $143 million in pre-tax charges primarily associated with severance, facility closure costs.  Full Article

National Oilwell Varco, GE Oil & Gas to provide floating production storage solutions
Thursday, 7 Jul 2016 06:30am EDT 

National Oilwell Varco Inc : National Oilwell Varco and GE Oil & Gas cooperate to provide integrated solutions for floating production storage and offloading (FPSO) vessels . Expect to complete joint engineering efforts and commence offering topside package solutions to oil and gas industry by early 2017 .GE Oil & Gas may also involve other GE businesses in collaboration with NOV.  Full Article

Trican Well Service reaches agreement for sale of its Completion tools business for C$53.5 mln
Wednesday, 1 Jun 2016 03:14pm EDT 

Trican Well Service Ltd: Trican Well Service reaches agreement for sale of its completion tools business for CAD$53.5 million . Total consideration payable to Trican consist of cash consideration of C$30 million and share consideration totaling C$23.5 million . Entered agreement with units of National Oilwell Varco for sale of Trican's completion tools business .Intends to use net cash proceeds from transaction to reduce its outstanding debt.  Full Article

National Oilwell Varco sets regular quarterly cash dividend of $0.05/shr
Thursday, 19 May 2016 06:45am EDT 

National Oilwell Varco Inc :Sets regular quarterly cash dividend of $0.05per share.  Full Article

National Oilwell Varco Inc says cut 6,000 jobs in quarter - Reuters News
Thursday, 28 Apr 2016 11:47pm EDT 

National Oilwell Varco Inc:National Oilwell Varco Inc, said on Thursday it slashed 6,000 jobs in the first quarter as weak oil prices forced its customers to cut production and exploration.The company received no new rig orders for the second quarter in a row in the three months ended March 31, Chief Financial Officer Jose Bayardo said on a call with analysts.Houston-based National Oilwell had 50,197 employees as of Dec. 31. Based on this number, the company cut about 12 percent of its workforce in the first quarter.The company reported a net loss of $119 million, or 32 cents per share, for the period, compared with a profit of $310 million, or 76 cents per share, a year earlier.  Full Article

BRIEF-National Oilwell Varco sets regular quarterly cash dividend of $0.05per share

* Sets regular quarterly cash dividend of $0.05per share Source text for Eikon: Further company coverage: