News: National Oilwell Varco Inc (NOV.N)

NOV.N on New York Stock Exchange

84.00USD
22 Aug 2014
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Tue, Jul 29 2014

UPDATE 2-National Oilwell sees falling demand for deepwater rigs

* Shares down 2 pct (Adds analyst, executive comments, updates shares)

National Oilwell profit beats estimates as rig margins rise

- National Oilwell Varco Inc , the largest U.S. oilfield equipment provider, reported a better-than-expected rise in profit for the fourth quarter in a row due to higher margins in its rig systems business.

National Oilwell profit rises on strong demand for rig systems

July 29 - National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 17 percent rise in quarterly profit, helped by higher demand for its rig systems.

UPDATE 1-National Oilwell expects offshore rig demand to slow

* Reports 1st-qtr orders $2.33 bln vs $3.04 bln year earlier

National Oilwell profit beats on strong demand for drilling services

April 28 - National Oilwell Varco Inc's first-quarter profit beat analyst estimates, helped by strong demand for its services that prepare oil and gas wells for production.

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