Full-Time
Global oilfield equipment and services provider
No salary listed
San Salvo, Italy + 4 more
More locations: Paris, France | Manchester, UK | Turin, Metropolitan City of Turin, Italy | Dundee, UK
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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
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401(k) Retirement Plan
401(k) Company Match
Health Insurance
Dental Insurance
Life Insurance
Paid Vacation
Paid Holidays
NOV introduces ION+ Intrepid: advancing PDC cutter performance and durability. ION+ Intrepid sets a new standard for PDC cutter efficiency, durability, and control. Jun 03, 2026 NOV ReedHycalog is proud to announce the launch of ION+(TM) Intrepid, a groundbreaking new line of intermediate-sized PDC cutters engineered to unlock new performance standards in drilling efficiency, durability, and directional control. Designed to address long-standing performance gaps in fixed-cutter bit technology, the ION+ Intrepid line redefines what is possible in today's most challenging drilling applications. Closing the gap: new cutter sizes for new possibilities. For decades, fixed-cutter bit designs have relied on conventional cutter diameters - typically 8 mm, 13 mm, 16 mm, 19 mm, and larger. While effective, these size increments left limited room for optimization in applications where mechanical efficiency, rate of penetration (ROP), or durability could be improved with more precise cutter selection. ION+ Intrepid fills this gap with the introduction of 14.5 mm and 17.76 mm cutters, strategically positioned to provide bit designers greater flexibility in optimizing cutter layouts, spacing, and exposure. Further advancements are reached by leveraging ReedHycalog's proprietary modeling software, enabling engineers to optimize cutter distribution, exposure, and bit layout to extract maximum mechanical advantage from these new sizes. As a result, ReedHycalog(TM) Evolve performance drill bit designs fine-tune to achieve increased ROP without compromising steerability or structural integrity. Technology-Driven design for real-world impact. Leveraging ReedHycalog's proprietary modeling software, engineers can optimize cutter distribution, exposure, and bit layout to extract maximum mechanical advantage from these new sizes. The result is a portfolio of drill bits capable of achieving higher ROP, improved durability, and enhanced performance across a wide range of lithologies and operational challenges. Innovation backed by field-proven performance. This technology has demonstrated significant potential, not only in North American unconventional drilling, but also for global drilling environments where operators seek improved efficiency, reduced non-productive time (NPT), and lower overall drilling costs. The development of the 14.5 mm cutter size can be coupled with ReedHycalog's advanced geometries to further enhance cuttings evacuation and reduce reactive forces on the bit - key factors in maintaining stable drilling mechanics. Early field deployments have validated the potential of the technology. In a high-performance 6-in. Bakken lateral drilling application, a new drill bit featuring the 14.5 mm cutters delivered (SPE-230691-MS): * 15-20% average ROP increase, with peak improvements above 25% * Smoother, more stable drilling with reduced vibration * Improved directional control and tool-face management * Exceptional durability, with minimal wear and strong re-run potential * A record-setting 2-mile lateral, the fastest ever drilled for the operator Across multiple well trials, the bit consistently outperformed offsets drilled with traditional 13 mm and 16 mm cutters - proving not only its efficiency but also its resilience in abrasive formations such as the Bakken. In the Permian, ION+ Intrepid delivered double the average interval drilled in a third Bone curve-lateral, exceeded the average ROP by 20%, and had an above average dull condition. In Egypt, Intrepid outperformed two competitor technologies with 60% improved ROP over the best offset. Redefining the future of cutter technology. ION+ Intrepid represents the next evolution in ReedHycalog's cutter technology. By rethinking cutter sizes and shapes - and validating their impact through rigorous field testing - NOV is delivering solutions that help operators drill farther, faster, and more reliably than ever before.
NOV Inc. has announced a $200 million investment to double capacity at its subsea flexible pipe manufacturing facility in Acu, Brazil, over the next several years. The expansion responds to sustained deepwater development demand and an anticipated infrastructure replacement cycle, with current capacity near full utilisation and backlog extending into 2028. On 4 March, Goldman Sachs raised its price target on NOV to $20 from $17 whilst maintaining a Sell rating, noting that structural drivers including production decline offsets should sustain customer investment levels long-term. The Houston-based company supplies equipment, technology and services to the global oil and gas industry. Management believes the expansion positions NOV to capture increasing offshore activity in the multi-year upcycle.
NOV Inc., an oilfield equipment and technology provider, was highlighted as a top performer in Artisan Mid Cap Value Fund's fourth-quarter 2025 investor letter. The company's quarterly earnings exceeded expectations due to strong execution and margin improvement in its energy equipment segment, alongside robust free cash flow generation. NOV demonstrated shareholder-friendly capital allocation through dividends and share repurchases whilst maintaining a conservative balance sheet with low net leverage. The company generated revenues of $2.28 billion in Q4 2025, though it posted a net loss of $78 million. As of 31 March 2026, NOV shares closed at $18.81, with a market capitalisation of $6.86 billion. The stock gained 22.94% over the past 52 weeks, though it declined 3.59% over one month.
NOV announces expansion of subsea flexible pipe manufacturing capacity to support growing demand. GlobeNewswire | NOV Inc. Today at 3:30am PDT * NOV to roughly double the capacity of its manufacturing facility in Brazil over the next three years to support anticipated demand * $200 million capital expansion positions NOV to capture expected growth in offshore development activity and advance solutions for high-CO[2] applications * Sustained high utilization and strong backlog across existing facilities support the need for additional capacity HOUSTON, March 25, 2026 (GLOBE NEWSWIRE) - NOV Inc. (NYSE: NOV) today announced plans to roughly double the capacity of its subsea flexible pipe manufacturing facility in Açu, Brazil, through a $200 million investment over the next three years. "We are expanding our subsea flexible pipe manufacturing facility in Açu, Brazil to support what we see as sustained, long-term demand," said Jose Bayardo, Chairman, President and Chief Executive Officer of NOV. "Along with our key customers, we believe this investment is critical to meeting growing demand driven by deepwater developments and an expected replacement cycle for flexible pipe installations. "Our current manufacturing capacity has been operating at or near full utilization and has a backlog that stretches well into 2028. With the anticipated increase in the development of offshore resources, we believe that the industry's current capacity will be insufficient to meet demand at the end of this decade and into the 2030s without the additional capacity we plan to bring online in late 2029. "This expansion also positions NOV to introduce new technologies, including our CO[2]-resistant subsea flexible pipe designed for high-CO[2] applications, which has the potential to expand the market for flexible pipe. "NOV is uniquely positioned to lean into this compelling growth opportunity as our facility in Açu was originally designed to be able to complete this type of expansion at a fraction of the cost of building a greenfield plant with comparable capacity." Flavio Bretanha, Executive Manager for Subsea Systems at Petrobras, stated, "As the world's largest consumer of subsea flexible pipe, we support NOV's investment in Brazil, which expands local manufacturing capacity. Subsea flexible pipe is a critical component in enabling Petrobras to achieve its offshore production targets, consistent with our broader production strategy. NOV has long served as a trusted partner for Petrobras, and we look forward to continuing our collaboration to advance technologies that enhance reliability, safety, and operational performance." The $200 million investment plan will result in an approximately $50 million increase to the Company's 2026 capital expenditure plan. NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world. Cautionary Statement for the Purpose of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995 Statements made in this press release that are forward-looking in nature are intended to be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from the actual future events or results. Readers are referred to documents filed by NOV with the Securities and Exchange Commission, including the Annual Report on Form 10-K, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements. These statements speak only as of the date of this document, and we undertake no obligation to update or revise the statements, except as may be required by law. Visit www.nov.com for more information. This is a paid placement. For further inquiries, please contact GlobeNewswire directly.
NOV Inc. has appointed Sanjay Chowbey, president and CEO of Kennametal Inc., to its board of directors, effective 17 March 2026. Chowbey will also serve on NOV's audit committee. Chowbey brings over 20 years of experience leading global manufacturing and industrial technology businesses. At Kennametal, a global manufacturer of advanced tooling and engineered components, he also serves on the board. Previously, he held senior positions at Flowserve Corporation, Danaher Corporation and Arvin Meritor. He holds degrees in mechanical engineering from B.I.T. in India and Tennessee Technological University, plus an MBA from Northwestern University's Kellogg School of Management. With Chowbey's appointment, NOV's board now comprises nine directors, eight of whom are independent.