Company Overview Visit nov.com website
National Oilwell is an international oilfield services company that focuses on equipment, components, and drilling systems. With over 100 years of experience in the industry, National Oilwell has continually expanded its product base to include drill bits, motors, drivetrains, actuators, mud pumps, gas compression products and much more.
The commodities market continues to fluctuate between supply and demand while investors continue pushing oil companies towards higher-risk ventures for larger payouts. As a result the oil field service industry has seen major revenue losses due to global market instability. Despite this fact many oil companies are still optimistic about finding new sources of crude oil even with lower prices per barrel. This optimism has caused growth within the US shale plays through increased rig counts while companies attempt to limit future losses. National Oilwell has been a major player in the US shale plays as result of this growth due to its focus on technology and utilization of other products within its portfolio.