Not sure if you can see the full article, but here is the coverage on what NOV expects as it relates to automation and how it will streamline processes and cut costs. Every time executives start talking about 'automation' you should read it as 'job... — read more
Major Announcement on Friday
Orange to reveal Major Announcement. No details yet.
Scotland Bans all Fracking
Game over
Greengate
What will happen if bilko gets sacked for employing his mates and spending tens of thousands of pounds on agency workers that have mostly been on training
Greengate, Manchester..
Another BILKO's bum chum has got a managers job. As if we haven't got enough clueless managers. Too many chiefs. What a joke. Wonder why NOV Is dire straits. Come on shiny pants get it sorted..
https://www.bizjournals.com/houston/news/2017/08/24/pete-miller-to-retire-from-nov-spinoff.html
https://www.bizjournals.com/houston/news/2017/08/24/pete-miller-to-retire-from-nov-spinoff.html
What to think of rehiring?
We are rehiring and the division boss is showing our numbers are exceeding expectations but still don't want to give us a raise. I don't have a major in business and i do understand that our offshore market is still not recovered but why are we... — read more
Why Millennials are Snubbing Jobs in the Oil Industry
"Millennials' conception of the oil industry means that it may struggle to find workers — and customers — in the future. McKinsey found that 14% of millennials say they would not want to work in the oil and gas industry because of its negative image... — read more
Goodbye Houston and NOV
Well I have been following this board to see if NOV will / was recovering from the oil crash. It was in my mind that maybe I would like to reapply and move to Houston in the future. Those thoughts can be put to rest now. I would never in a million... — read more
Wash away the stupidity!
I hope nobody gets hurt, buy maybe all the rain will wash away all of the stupid decisions corporate makes!!!
Happy Friday
I just realized the truck is drilling the land well on our laptop lock screens, not the rig! Nice one marketing
NOV management makes the Tv.
One of the morning shows was showing a list if the worst run companies in the US, NOV was listed as one of the worst run!! Nothing employees didn't already know. NOV is a national joke!!!
National Oilwell Varco Declares Regular Quarterly Dividend
This is how you know a scam. A company that is bleeding more than $6 a share in losses over the year, paying out a "dividend" of approximately $20 million dollars in a quarter on a quarterly loss of $62 million. That's like a car crash victim... — read more
Cost vs number of people in layoffs
Cost is much more relevant than number of people. If 10% is a number than it will likely be total cost or payroll cost. So you can lay off quantity 5 $60,000 employees or one manager being grossly overpaid at $300,000. NOV hasn't been very effective... — read more
One more cut before the end of summer?
Analyzing the situation and climate of our industry suggest that indeed there are signs pointing towards more reduction before the summer ends.
Burkburnett facility
Any word on the Burkburnett facility? Are they still hiring cause I have thought about applying.
NOV is taking away Offshore Trucks
Bammel Office is taking away Offshore Techs trucks by the end of Aug 2017. A DE manager took the upgraded bumpers and brush guard from a DE supervisor old truck and he was given a new truck to keep. They also used DE Techs to do all the work. 4 DE... — read more
Creekmont
Any news on creekmont? Just asking for a friend lol.
Elmar/Aberdeen
Hey guys we hearing rumours over here regards Elmar?....any info on that?
More cuts will acheive nothing at National Oilwell Varco
NOV feels like it is in a bit of a death spiral. They continue to cut to save money, but can't generate revenue to offset the cuts which makes costs go up which costs them orders which creates more necessity to cut jobs and save money which . . ... — read more
More layoffs incoming?
It seems that National Oilwell Varco is gearing for more layoffs... Not sure when, but this makes it pretty clear that the last round achieved what they wanted it to, so I am guessing they will not be shying away from more... — read more
Beware 7/27 it hits the fan!!
How many will it effect?
question
what happened to the n.o.v. plant in Oklahoma city ?
NOV Lifting & Handling Group
So now that they have closed our facility down in Covington and laid everyone off what going to happen to the SOB's in Houston and the AmClyde and Unit product line????
Another Texas plant closing?
What plant in Texas is closing & it's production is moved to Pampa Texas?
Sad but true
I understand the bitterness and management can and likely is pretty bad, however your predicament has little to do with their performance. Just like most of the textile industry in the US your product is obsolete as made in the USA. It's too cheap to... — read more
NOV Creekmont!!!
What happened to 4 big bosses at Creekmont, Paul Pratt, Mani1gram, Kenneth Scott and Eliseo Perez? They got fired last week?
NOV Covington shutting down friday july 14, 2017
Top notch, quality people, loosing their jobs because the not so smart managment team in Houston refused to listen. Donkeys in suits making decisions not because they know better, but because they purchased their degrees in a vending machine.
Oil sinking like a Lead Balloon
With Oil dropping like a rock. HR is going ahead with its last Hail Mary. More like a punt and so it seems next week is booked for conferences. It's one more cut at Eldridge. So I heard from very reliable people
Are things picking up?
So what's the latest status? Are there any employees left at NOV actually reading this?
Is things picking up
in general are things picking up orders getting placed etc? I read a few month ago that 2019 will be business as usual with a $100 barrel, I guess work will be begin now in order to ready the rigs for drilling in 2019 Anyone seeing this yet?
401k match
Noob question - how does the 401k match work? I.e. what is the max the company will match? Say my base salary is $42,000 - what is the max on US payroll they will match for contributions. Thanks yall