NOV Inc.

NOV Inc. operates as a pivotal technology and equipment provider for the global energy industry, maintaining a deep and historic foothold in the maritime and offshore sectors. Headquartered in Houston, Texas, the corporation traces its lineage back to the mid-19th century, with predecessor entities such as Oilwell Supply and National Supply dating to 1862 and 1893. Through a series of strategic mergers—most notably the combination of National Oilwell and Varco in 2005—the company consolidated a vast array of technical expertise. In 2021, it formally shortened its name from National Oilwell Varco to NOV Inc., a change reflecting its expanding scope beyond traditional hydrocarbons to include renewable energy and advanced marine technologies. Within the marine and offshore arena, NOV is recognized for its comprehensive approach to vessel design and equipment integration. The company plays a central role in the construction and operation of mobile offshore units, including jack-ups, semi-submersibles, and drillships. Through its Marine and Construction business unit, which incorporates the renowned GustoMSC brand, NOV provides proprietary naval architecture and engineering designs that serve as the foundation for a significant portion of the world’s offshore fleet. These designs are frequently paired with the company's own critical mission equipment, ensuring seamless compatibility and operational efficiency. The company’s portfolio for the maritime sector extends to sophisticated lifting and handling systems essential for working in harsh ocean environments. This includes heavy-lift offshore cranes, winches, mooring systems, and jacking technologies that stabilize vessels during operations. As the energy landscape shifts, NOV has directed substantial resources toward the offshore wind market. It designs next-generation wind turbine installation vessels (WTIVs) capable of handling larger turbines and deeper waters, equipping them with specialized jacking systems and high-capacity cranes. Beyond vessel creation, NOV supports the marine lifecycle through advanced cable-lay and pipe-lay systems, facilitating subsea infrastructure development. Its global network of service centers ensures that offshore assets receive continuous maintenance, upgrades, and remote monitoring support. By bridging the gap between historical oilfield expertise and the demands of the modern blue economy, NOV functions as a critical enabler for marine contractors and operators worldwide, driving technical progress in both conventional energy production and the growing offshore renewable sector.