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NOV Inc. 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.
A national oil company ( NOC) is a petroleum company that is fully or partly owned by the government of a sovereign nation. [ 1]: 3 NOCs produce about half the world’s oil and gas. [ 2][ 3] Due to their increasing dominance over global reserves, the importance of NOCs has risen dramatically in recent decades relative to International Oil ...
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year ...
Barrels of oil. Commercial crude oil stock pile. The Strategic Petroleum Reserve ( SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 ...
The National Oil Corporation ( NOC; Arabic: المؤسسة الوطنية للنفط) is the national oil company of Libya. It dominates Libya's oil industry, along with a number of smaller subsidiaries, which combined account for around 70% the country's oil output. [1] Of NOC's subsidiaries, the largest oil producer is the Waha Oil Company ...
Although the US proved oil reserves grew by 3.8 billion barrels in 2011, even after deducting 2.07 billion barrels of production, only 8% of the 5.84 billion barrels of the newly booked oil was due to new field discoveries (US EIA) Within the petroleum industry, proven crude oil reserves in the United States were 44.4 billion barrels (7.06 × ...
The Philippine National Oil Company (PNOC) is an energy company created on November 9, 1973, as a government-owned and controlled corporation founded during President Ferdinand Marcos ' era to supply oil to the Philippines. Since then, its charter has been amended several times to include exploration, exploitation and development of all energy ...
The National Oil Corporation of Kenya (NOCK), is a state corporation of Kenya founded by Act of Parliament in 1981, with a mandate of participating in all aspects of the Kenyan petroleum industry. The company was incorporated in 1981 [2] and began operations in 1984.