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
2017, December, 18, 12:20:00

AUSTRALIA STOPS COAL

PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.

VARCO CREATE  DISTRIBUTOR
2017, December, 18, 12:15:00

EXXON - PETROBRAS ALLIANCE

Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

VARCO CREATE  DISTRIBUTOR
2017, December, 18, 12:10:00

EXXON BOUGHT MOZAMBIQUE

ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

VARCO CREATE  DISTRIBUTOR
2017, December, 18, 12:05:00

U.S. RIGS DOWN 1 TO 930

U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.

All Publications »