Tuesday, August 27, 2013 11:26:24 AM
By Tyler Crowe
There are lots of opportunities in the energy industry, but several oil services companies are looking past the borders of North America for their profits. National Oilwell Varco (NYSE: NOV ) has 92% of its rig backlog dedicated to international customers, and Nabors Industries (NYSE: NBR ) is pulling some of its rigs out of the U.S. to be used overseas.
Rig companies and other oil services providers are finding that the expertise and equipment that was developed in the U.S. to make oil and gas exploration more efficient is now in demand abroad. Companies are looking to lend their expertise to others and pull in a hefty profit along the way. Tune into the video below where Fool.com contributor Tyler Crowe takes a look at some other companies planning to dedicate more business to international customers, and asks what value they would offer.
One possible reason that international customers are lining up is that the U.S. has a distinct advantage in the energy industry today.
http://www.fool.com/investing/general/2013/08/23/what-is-causing-oil-services-to-flock-overseas.aspx
(holding in a nice upward trend, so far.)
”To laugh is to enjoy damage with good conscience.” - Nietzsche
Recent NOV News
- NOV Announces Second Quarter 2024 Earnings Conference Call • Business Wire • 06/21/2024 10:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:20:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:19:15 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:16:49 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:14:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:12:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:10:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:06:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 09:00:34 PM
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- NOV Reports First Quarter 2024 Results, Return of Capital Framework, $1 Billion Share Repurchase Authorization, and Plan to Increase Dividend 50% • Business Wire • 04/25/2024 10:09:00 PM
- NOV Announces First Quarter 2024 Earnings Conference Call • Business Wire • 03/26/2024 10:30:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 11:01:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 10:16:01 PM
- NOV Appoints Patricia Martinez to the Board of Directors • Business Wire • 03/06/2024 10:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 10:38:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 10:36:35 PM
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