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NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas. It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The company conducts operations in more than 500 locations across six continents, operating through three reporting segments: Rig Technologies, Wellbore Technologies, and Completion & Production Solutions.About NOV
National Oilwell Varco. Retrieved on August 8, 2018. "About NOV."


History


Background

NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distrib ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Drill Pipe
Drill pipe, is hollow, thin-walled, steel or aluminium alloy piping that is used on drilling rigs. It is hollow to allow drilling fluid to be pumped down the hole through the bit and back up the annulus. It comes in a variety of sizes, strengths, and wall thicknesses, but is typically 27 to 32 feet in length (Range 2). Longer lengths, up to 45 feet, exist (Range 3). Background Drill stems must be designed to transfer drilling torque for combined lengths that often exceed several miles down into the Earth's crust, and also must be able to resist pressure differentials between inside and outside (or vice versa), and have sufficient strength to suspend the total weight of deeper components. For deep wells this requires tempered steel tubes that are expensive, and owners spend considerable efforts to reuse them after finishing a well. A used drill stem is inspected on site, or off location. Ultrasonic testing and modified instruments similar to the spherometer are used at inspection ...
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Marine Riser Tensioner
A marine riser tensioner is a device used on an offshore drilling vessel which provides a near constant upward force on the drilling riser independent of the movement of the floating drill vessel. The marine riser is connected to the wellhead on the sea bed and therefore the tensioner must manage the differential movements between the riser and the rig. If there were no tensioner and the rig moves downward, the riser would buckle; if the rig rises then high forces would be transmitted to the riser and it would stretch and be damaged. Tensioners have historically been composed of hydraulic actuated cylinders with wire sheaves. More recently, active electrical motors have been used for compensation purposes. Hydraulic Tensioner A hydraulic riser tensioner consists of a hydraulic cylinder with sheaves at both sides. The cylinder is connected to a number of high-pressure gas bottles via a medium separator. A wire rope is rigged in the cylinder; one end is connected to the fixed par ...
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Mud Pump
A mud pump (sometimes referred to as a mud drilling pump or drilling mud pump), is a reciprocating piston/plunger pump designed to circulate drilling fluid under high pressure (up to ) down the drill string and back up the annulus. A mud pump is an important part of the equipment used for oil well drilling. Classification According to the acting type Mud pumps can be divided into single-acting pump and double-acting pump according to the completion times of the suction and drainage acting in one cycle of the piston's reciprocating motion. According to the quantity of liners (piston/plunger) Mud pumps come in a variety of sizes and configurations but for the typical petroleum drilling rig, the triplex (three piston/plunger) mud pump is used. Duplex mud pumps (two piston/plungers) have generally been replaced by the triplex pump, but are still common in developing countries. Two later developments are the hex pump with six vertical pistons/plungers, and various quintuplexes with f ...
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Blowout Preventer
A blowout preventer (BOP) (pronounced B-O-P, not "bop") is a specialized valve or similar mechanical device, used to seal, control and monitor oil and gas wells to prevent blowouts, the uncontrolled release of crude oil or natural gas from a well. They are usually installed in stacks of other valves. Blowout preventers were developed to cope with extreme erratic pressures and uncontrolled flow ( formation kick) emanating from a well reservoir during drilling. Kicks can lead to a potentially catastrophic event known as a blowout. In addition to controlling the downhole (occurring in the drilled hole) pressure and the flow of oil and gas, blowout preventers are intended to prevent tubing (e.g. drill pipe and well casing), tools and drilling fluid from being blown out of the wellbore (also known as bore hole, the hole leading to the reservoir) when a blowout threatens. Blowout preventers are critical to the safety of crew, rig (the equipment system used to drill a wellbore) ...
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Drawworks
A drawworks is the primary hoisting machinery component of a rotary drilling rig. Its main function is to provide a means of raising and lowering the traveling block. The wire-rope drill line winds on the drawworks drum and over the crown block to the traveling block, allowing the drill string to be moved up and down as the drum turns. The segment of drill line from the drawworks to the crown block is called the "fast line". The drill line then enters the first sheave of the crown block and makes typically 6 to 12 passes between the crown block and traveling block pulleys for mechanical advantage. The line then exits the last sheave on the crown block and is fastened to a derrick leg on the other side of the rig floor. This section of drill line is called the "dead line." A modern drawworks consists of five main parts: the drum, the power source, the reduction gear, the brake, and the auxiliary brake. The apparatus can be powered by AC or DC, or the drawworks may be c ...
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Iron Roughnecks
An iron roughneck is a piece of hydraulic machinery used to "handle" (connect and disconnect) segments of pipe in a modern drilling rig. The segments can be manipulated as they are hoisted into and out of a borehole A borehole is a narrow shaft bored in the ground, either vertically or horizontally. A borehole may be constructed for many different purposes, including the extraction of water ( drilled water well and tube well), other liquids (such as petro .... This type of work was previously performed manually by workers using tongs, and was one of the most dangerous jobs in a drilling operation. However, with iron roughnecks and modern technology, much of this can be done remotely with minimal manual handling. Automated roughnecks became common in deep-water drilling and were later adopted by onshore rigs. References {{tech-stub Oilfield terminology ...
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Top Drive
A top drive is a mechanical device on a drilling rig that provides clockwise torque to the drill string to drill a borehole. It is an alternative to the rotary table and kelly drive. It is located at the swivel's place below the traveling block and moves vertically up and down the derrick. Benefits The top drive allows the drilling rig to drill the longer section of a stand of drill pipe in one operation. A rotary table type rig can only drill (single drill pipe) sections of drill pipe whereas a top drive can drill stands (double and triple drill pipe respectively, a triple being three joints of drillpipe screwed together), depending on the drilling rig size. Handling longer sections of drill pipe enables a drilling rig to make greater daily progress because up to can be drilled at a time, thus requiring fewer "connections" to add another of drill pipe. Another advantage of top drive systems is time efficiency. When the bit progresses under a kelly drive, the entire string ...
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Executive Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Merrill A
Merrill may refer to: Places in the United States *Merrill Field, Anchorage, Alaska *Merrill, Iowa * Merrill, Maine *Merrill, Michigan *Merrill, Mississippi, an unincorporated community near Lucedale in George County *Merrill, Oregon *Merrill, Wisconsin *Merrill (town), Wisconsin *Merrill Township, Michigan *Merrill Township, North Dakota *Merrill College at the University of California, Santa Cruz People * Merrill Moses (born 1977), Olympic water polo player *Merrill (surname) *Merrill Cook, Utah politician *Merrill Garbus, musician behind the experimental indie project Tune-yards *Merrill Ashley (born 1950), American ballet dancer and ''répétiteur'' Other uses *Merrill (company), a division of Bank of America *Skidmore, Owings and Merrill, architectural firm * USS ''Merrill'' (DD-976) *Nine men's morris, a strategy board game also called ''Merrills'' * Merrill (crater) Merrill is a lunar impact crater. It is located in the high northern latitudes, on the far side. Less than ...
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Southwest Management District
Southwest Management District, formerly Greater Sharpstown Management District, is a district in Houston, Texas, United States. The district is split into 6 neighborhoods: Sharpstown, Chinatown, Mahatma Gandhi District/Little India, Westwood, Harwin, and University. It is governed by a management district which is created by the Texas Legislature. History Construction of the Sharpstown community, the namesake of the district, began circa 1955.History & Demographics
" Greater Sharpstown Management District. Retrieved on December 29, 2010.
The approved the formation of the Greater Sharpstown Management District in 2005. On August 2 ...
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