NOV introduces iNOVaTHERM to Guyana for drilling waste management
The portable unit is the first in the Western Hemisphere, processing about 100 metric tons daily and recovering over 99% of base oil, reducing regional waste shipments.
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Energy technology and equipment provider
nov.comLast updated
In short: NOV reported Q2 2026 results, named Jose Bayardo CEO, and expanded renewables and international drilling projects.
The portable unit is the first in the Western Hemisphere, processing about 100 metric tons daily and recovering over 99% of base oil, reducing regional waste shipments.
Revenue $2.13B, net income $112M, adjusted EBITDA $283M, returned $127M to shareholders.
The system reduces shear-close times to under three seconds, enabling quicker emergency disconnect and enhancing offshore drilling safety.
The call will be held on July 29, 2026, with results released after market close on July 28.
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