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 services and technology provider
nov.comLast updated
In short: NOV announced the retirement of CEO Clay Williams, succeeded by Jose Bayardo, while reporting better-than-expected Q2 2026 revenue.
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.
NOV Analyst Rating Update - October 2023 On October 6, 2023, NOV (NOV) received an updated analyst...
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NOV Q2 2026 earnings call recap: revenue, EBITDA, tariff refunds, Middle East risks, and Q3 guidance.
Oilfield equipment manufacturer NOV (NYSE:NOV) reported Q2 CY2026 results topping the market’s revenue expectations, but sales fell by 2.5% year on year ...
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