Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-03-05 16:38:00

VARCO CREATE DISTRIBUTOR

VARCO CREATE  DISTRIBUTOR

National-Oilwell Varco Inc., a leading provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services, formally announced the spin off of its DistributionNOW and Wilson Export brands into a new publicly-traded company to be called NOW Inc. on February 26, 2014 in a 10-12B filing with the U.S. Securities & Exchange Commission. 

With a network of over 300 locations and 5,000 employees worldwide, NOW Inc. will be one of the largest distributors to the oil and gas industry with a 150 year history. These products include maintenance, repair and operating supplies, pipe, values, fittings, flanges, line pipe, electrical, artificial lift solutions, mill tools, safety supplies and spare parts. The company will also offer warehouse management, vendor integration and various inventory management solutions to its customers. 

The company's total addressable market is estimated to be approximately $20 billion in North American and significantly larger globally. In FY 2013, the firm generated revenues of $2.86 billion in the U.S., $773 million in Canada, and $660 million throughout the rest of the world. These sales were primarily made to drilling contractors, well servicing companies, independent and national oil and gas companies, refineries, midstream operators, and other parties. 

Moving forward, NOW Inc. aims to extend its leadership position in the energy supply chain by building new locations and relationships with its large customer base. As energy operations continue to expand worldwide, the company further plans to expand into "last mile" markets that are remote relative to their existing locations, particularly in non-conventional plays like shale oil and gas. Management's focus on enhancing margins and productivity could also help improve the bottom-line. 

Investors may want to keep a close eye on the spin off given that NOW Inc. is well positioned to become an industry leader. Spin offs also tend to outperform the overall market during the long-term due to certain dynamics like more efficient capital allocation, early institutional selling, and more aligned management incentives to promote performance.

Tags: VARCO

Chronicle:

VARCO CREATE  DISTRIBUTOR
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

VARCO CREATE  DISTRIBUTOR
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

VARCO CREATE  DISTRIBUTOR
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

VARCO CREATE  DISTRIBUTOR
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »