Full-Time
Product Engineer 1
NOV
10,001+ employees
Global oilfield equipment and services provider
No salary listed
Houston, TX, USA
In Person
 Software Engineering (1) |
|---|
Get referred to NOV
See people who can refer or advise you
- Bachelor’s Degree in Mechanical Engineering from an accredited college or university
- 0 to 3 years of experience related to oilfield and / or piping & pipelines
- Possess technical aptitude and ability to understand engineering, design and product performance issues
- Ability to solve practical problems
- Adequate verbal, written and analytical skills with a professional and helpful demeanor
- Computer literacy using Microsoft Office Suite, Mathcad, Autodesk Inventor/Solid Works or similar modelling software
- Dependability/Attendance
- Problem Solving/Judgement
- Thoroughness
- Detail-oriented
- Adaptability/Decisiveness
- Initiative/Perseverance
- Interpersonal Skills
- Organizational Skills
- Decision-maker
- Customer service-oriented Communication
- Proficiency in English
- Excellent oral & written language skills
- Available for overnight & international travel
- Review applications to understand technical requirements and recommend appropriate products that meet or exceed technical requirements.
- As a technical contact, assure that product applications do not exceed design and performance specifications for the product.
- Perform engineering calculations and present results including pipe properties, design verifications, flow mechanics and pipe sizing.
- Review industry specifications and check compliance as per project requirements.
- Provide engineering support for internal and external customers including Sales, Field Service, Distributors, and End Users.
- Prepare technical packages for tenders and organize the technical tender documents. This includes exceptions and clarifications to the tender specifications.
- Provide technical training and presentations to employees, distributors, and customers.
- Develop and maintain technical information in product literature, assuring published parameters are commensurate with ongoing QC test results and manufacturing practices.
- Visit job sites to resolve technical issues with design, installation and field failures and to develop a working relationship with customers’ key technical staff.
- Prepare technical reports.
- Analyze product issues and field incidents.
- Develop, verify, and implement product design and manufacturing solutions to satisfy a variety of market requirements.
- Participate “hands on” in lab and manufacturing environment.
- Participate in product testing and qualification as per industry standards.
- Design and draft models and drawings for the machine shop, providing technical support as needed.
- Other duties as assigned.
- Familiarity with nonmetallic/composite product design is preferred
NOV Inc. supplies equipment, technology, and expertise for the upstream oil and gas industry, designing, manufacturing, and selling drilling and production systems and components. It also offers oilfield services and supply-chain integration across a global network that spans more than 500 locations on six continents. Beyond oil and gas, NOV serves industrial and renewable energy markets, including Fiber Glass Systems, which provides composite piping, fittings, and structures for several industries. Its goal is to help operators run safer, more efficient, and more reliable upstream projects while expanding into energy-transition and other industrial markets.
Company Size
10,001+
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1841
Get referred to NOV
See people who can refer or advise you
Simplify's Take
What believers are saying
- Record Q1 fiberglass bookings signal stronger demand in adjacent industrial markets.
- Strongest Energy Equipment order intake since 2019 improves backlog visibility.
- Operating margin expanded to 9% with 13.3% adjusted EBITDA margin.
What critics are saying
- Weak drilling activity is pressuring core equipment demand and revenue growth.
- Middle East logistics disruptions and tariffs are increasing costs and squeezing margins.
- Negative free cash flow of $64 million limits buybacks and reinvestment.
What makes NOV unique
- Broad upstream equipment platform spans drilling, subsea, and composite piping.
- Over 500 locations across six continents support global aftermarket service.
- Flexible pipe wins on Equinor’s three Norwegian tiebacks validate subsea technology.
Help us improve and share your feedback! Did you find this helpful?
Benefits
401(k) Retirement Plan
401(k) Company Match
Health Insurance
Dental Insurance
Life Insurance
Paid Vacation
Paid Holidays
Growth & Insights and Company News
6 month growth
↑ 6%1 year growth
↑ 6%2 year growth
↑ 6%NOV, an oilfield equipment manufacturer, reported second-quarter revenue of $2.13 billion, topping analyst expectations of $2.08 billion despite a 2.5% year-on-year decline. The company's GAAP profit of $0.31 per share significantly exceeded consensus estimates of $0.16 per share. Adjusted EBITDA reached $283 million, beating analyst forecasts of $200.9 million with a 13.3% margin. Operating margin improved to 9%, up from 6.5% in the same quarter last year. However, free cash flow turned negative at -$64 million, down from $108 million in the prior-year quarter. Other production declined 14.9% year on year. Chairman, President, and CEO Jose Bayardo attributed the results to "outstanding execution" amidst improving industry fundamentals. The company has a market capitalisation of $7.35 billion.
NOV Inc. will release second-quarter 2026 results on 28 July. The Zacks Consensus Estimate projects earnings of 16 cents per share on revenues of $2.1 billion, representing a 44.8% year-over-year earnings decrease and 4.7% revenue decline. The Houston-based oil and gas equipment company missed consensus estimates in each of the past four quarters, averaging a 40.3% negative surprise. In Q1, NOV reported adjusted earnings of 15 cents per share, missing the 17-cent estimate due to Middle East conflicts that disrupted logistics and increased costs. Despite challenges, NOV reported record Q1 bookings in its fiberglass business and strongest Energy Equipment order intake since 2019. However, ongoing Middle East disruptions, weak drilling activity, and tariff-related costs pose headwinds for the upcoming quarter.
NOV selected to provide flexible pipe for three Equinor subsea projects. NOV Subsea Production Systems supporting the first wave of subsea tiebacks offshore Norway. Jul 20, 2026 NOV has secured a contract from Equinor to supply flexible pipe for three subsea tieback projects on the Norwegian Continental Shelf (NCS) as part of Wave 1. The contract includes delivery of flexible pipelines for the proposed Brime, Omega Sør, and Tyrihans Nord projects. Wave 1 marks a new approach to offshore field development and is the first of several planned development waves under Equinor's NCS2035 strategy. By coordinating contract awards in multiple subsea tieback projects, the initiative aims to improve standardization, execution efficiency, and collaboration across the supply chain and accelerate the development of marginal discoveries. NOV Inc. is proud to support Equinor on the first wave of tieback developments. This award reflects Equinor's confidence in its flexible pipe technology and its ability to deliver dependable, cost-effective solutions that enable efficient offshore field development. Wouter Van Korven Vice President of Sales, Subsea Production Systems, NOV With growing demand for flexible pipe, NOV is well positioned to deliver proven subsea production solutions that help operators achieve the flow assurance, reliability, and performance needed to develop fields faster and more efficiently.
NOV Inc., a major oilfield equipment manufacturer, contributed positively to Artisan Mid Cap Value Fund's portfolio in Q1 2026, according to the fund's investor letter. The company ended 2025 strongly, with Q4 revenue up nearly 5% sequentially and earnings exceeding expectations. NOV's energy equipment segment performed particularly well, benefiting from stronger offshore demand and a growing backlog. The company maintained solid cash flow generation, enabling continued capital returns to shareholders. However, the Middle East conflict has created near-term challenges through logistical disruptions, weaker aftermarket demand, and softer customer ordering activity in the region. Despite these headwinds, the fund believes NOV's longer-term outlook remains intact, supported by its diversified global footprint and constructive offshore market conditions. NOV shares closed at $18.28 on 7 July 2026, with a market capitalisation of $6.56 billion.
The energy sector has gained 19.5% over the past six months, outperforming the S&P 500 by 11.5 percentage points, driven by lower interest rates and AI energy demands. However, not all energy companies are equally positioned. Halliburton faces challenges with a weak gross margin of 16.8% and trades at 13.6x forward P/E. NOV has seen sales decline 3.3% annually over the past decade, with a gross margin of 20.3% and poor free cash flow margin of 3.4%. Helmerich & Payne stands out positively, having achieved 32.2% annual revenue growth over five years. The company operates North America's largest super-spec rig fleet and has expanded its EBITDA margin by 11 percentage points during this period.