Our Blog
The World According to NOV (Version 2.0)
Pete Miller Jr., Chairman and CEO of National Oilwell Varco (NOV) addressed a meeting of the Houston Chapter of the American Petroleum Institute on Tuesday. In a previous post, I related my observations re: NOV’s world view and assumptions that drive their operating strategy. I also found NOV’s financial philosophy interesting, and if not contrarian,… Read More
New Water Source for Marcellus Fracing
According to a recent article in “Rigzone” the Marcellus shale has estimated recoverable reserves of 500 trillion cubic feet of natural gas, making it the largest natural gas reservoir in North America. Marcellus development has been made possible by technological advances in horizontal drilling and hydraulic fracing. The Marcellus boom has had a significant impact… Read More
The World According to NOV
Pete Miller Jr., the Chairman and CEO of National Oilwell Varco (NOV) was the guest speaker today at the meeting of the Houston Chapter of the American Petroleum Institute. Mr. Miller talked about the BRIC vs. MINT countries, and new frontiers in geology, markets and technology. Economists, consultants and international observers have long touted the… Read More
Central Europeans Seek to Diversify Natural Gas Supplies
According to an article in “Rigzone” the leaders of the Visegrad Group consisting of Hungary, Poland, Slovakia and the Czech Republic want the U.S. to export LNG to Europe. In a letter to John Boehner, the Republican Speaker of the House of Representatives, the ambassadors for these European nations urged Congress to support speedier approval… Read More
New BP Shale Unit
According to a recent article in “Rigzone”, BP’s new domestic shale unit was prompted by the realization that onshore shale and deep water projects require different skills, management styles, and corporate cultures. Deep water projects are like tailored suits and shale plays like Wrangler jeans; each is valuable in its own right. In the rest… Read More
